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Corporate, public investments spur interest in Pacific Northwest startups

Cities have always been America’s centers of power, driving the economy forward through competition. But now, they’re ceasing to lead the country’s innovation. As jobs and talent have clustered, expertise has spilled over urban boundaries. In locations like the Gulf Coast, Texas Triangle, Great Lakes and Southern California, metropolitan areas Read more…

Yandex is now testing a self-driving sidewalk cargo delivery robot

Yandex is now testing a self-driving sidewalk cargo delivery robot

Add another one to the list of companies piloting small wheeled autonomous robots for small package and food delivery: Yandex . Russia’s search and services giant has expanded its ambitions in the world of autonomous transportation, building on its work with self-driving cars to deploy a six-wheeled robot that adopts Read more…

Sam Altman’s bet against Slack

Sam Altman’s bet against Slack

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex broke the discussion into two main themes. The first dealt with early-stage companies, and the second, as you can imagine, later-stage affairs. Don’t worry, we don’t get to Read more…

ZeroDown, valued at $150 million, plans to take on Zillow

ZeroDown, valued at $150 million, plans to take on Zillow

Days out of Y Combinator, venture capitalists valued ZeroDown, a financial and real estate technology startup, at $150 million. The company had the perfect match of experienced founders and eye-popping ambitions to carve a new path to home ownership. “I think we will be known as a company that makes Read more…

Uber to acquire grocery delivery startup Cornershop

Uber to acquire grocery delivery startup Cornershop

Uber will acquire Cornershop, a grocery delivery startup that began life serving the Latin American market and recently shifted to offer service in Toronto, its first North American city. Uber announced on Friday that it expects that its acquisition of a majority ownership stake in Cornershop in early 2020, once Read more…

Why we’re still waiting on the Postmates S-1

Why we’re still waiting on the Postmates S-1

In a wide-ranging conversation at TechCrunch Disrupt San Francisco last week, Postmates co-founder and chief executive officer Bastian Lehmann made light of the company’s lack of IPO documents. The San Francisco-based on-demand delivery business was expected to publicly file its IPO prospectus in September in preparation for a fall exit, Read more…

Readying an IPO, Postmates secures $225M from private equity firm GPI Capital

Readying an IPO, Postmates secures $225M from private equity firm GPI Capital

Postmates, the popular food delivery service, has raised another $225 million at a valuation of $2.4 billion ahead of an imminent initial public offering, the company confirmed to TechCrunch on Thursday. Private equity firm GPI Capital has led the investment, first reported by Forbes, which brings Postmates total funding to Read more…