Category: Fundings and Exits

Intel Acquires German Drone Startup Ascending Technologies

Intel has made yet another hardware acquisition to build up its business of integrating its processors and RealSense imaging technology into the next wave of connected devices beyond PCs. Today the company announced it has purchased Ascending Technologies, a Germany-based startup that makes small drones and the software used to fly them. Financial terms of the deal have not…

Credit and finance management platform Credit Karma, known best as the startup that offers free, no-strings-attached credit scores, has made its first acquisition. The company has acquired the makers of the mobile application Snowball, with plans to leverage the team’s expertise in mobile notifications. Terms of the deal were not disclosed, and the Snowball app will…

Alibaba To Invest $1.25B In Restaurant Delivery Service Ele.me, Says Report

Alibaba will reportedly invest $1.25 billion in Ele.me, a food delivery service based in Shanghai, says financial news site Caixin (link via Google Translate). The deal would Alibaba the startup’s biggest shareholder, with a 27.7 percent stake. According to Crunchbase, Ele.me has raised about $1.09 billion dollars. Its list of investors is noteworthy because it includes…