The Information

Nextdoor CEO CEO Nirav Tolia. Photo by Bloomberg.

Nextdoor Raised $75 Million in New Round

By Serena Saitto and Alfred Lee · Dec 11, 2017 12:08pm PST

Nextdoor, the social media platform for city neighborhoods, has raised $75 million at a valuation above the $1.1 billion level it reached in its last fundraising round in 2015, according to two people close to the situation.The precise valuation couldn’t be learned. But in August, the company authorized $75 million in new Series G shares... Nextdoor, the social media platform for city neighborhoods, has raised $75 million at a valuation...

The Toutiao app on a smartphone. Photo: Mike Sullivan

China’s Toutiao Seeks $30 Billion Valuation in Latest Fundraising

By Yunan Zhang and Juro Osawa · Dec 8, 2017 5:29am PST

The company behind Jinri Toutiao, a popular Chinese news and video feed app, is in talks to raise new funds from some of its existing investors at a valuation of $30 billion or higher, people familiar with the matter said. The fundraising hasn't been completed. Some of the people familiar with the talks said that $28 billion is the bottom... The company behind Jinri Toutiao, a popular Chinese news and video feed app, is in talks to raise...

Clarifai founder Matt Zeiler. Photo by Flickr/ETC-USC.

Once Courted by Big Tech, AI Whiz Learns Hard Realities of Startup Life

By Kevin McLaughlin · Dec 6, 2017 7:02am PST · 1 comment

Matthew Zeiler was one of the most sought-after AI engineers in the tech industry after receiving his PhD from New York University in 2013. He was courted by everyone from Facebook CEO Mark Zuckerberg to executives at Google. But Mr. Zeiler passed on the offers and launched his own startup, Clarifai, with $10 million from Google Ventures,... Matthew Zeiler was one of the most sought-after AI engineers in the tech industry after receiving...

An Equifax slide on display during a congressional hearing into Equifax's data breach in October. Photo by Bloomberg.

Prevoty Funding Shows Impact of Major Security Breaches

By Sarah Kuranda · Dec 5, 2017 10:01am PST

An Equifax slide on display during a congressional hearing into Equifax's data breach in October. Photo by Bloomberg.

Prevoty Funding Shows Impact of Major Security Breaches

By Sarah Kuranda · Dec 5, 2017 10:01am PST

Security startup Prevoty, which sells application security designed to help companies spot cyber threats, has landed $13 million in Series B funding, the company says. It is a sign that the steady stream of major hacks at companies is focusing attention on technology aimed at securing business applications. The funding was led by Trident Capital... Security startup Prevoty, which sells application security designed to help companies spot cyber...

Xiaomi CEO Lei Jun unveiling a new smartphone in China in September. Photo by Bloomberg.

Chinese Smartphone Maker Xiaomi Eyes 2018 Stock Market Listing

By Yunan Zhang, Shai Oster and Juro Osawa · Dec 1, 2017 8:18am PST · 1 comment

China’s Xiaomi, one of the world’s biggest smartphone makers, is talking to bankers about an initial public offering as early as the second half of next year, people familiar with the matter said. It would be the public market debut of one of China’s most widely recognized tech brands. Xiaomi was valued at about $46 billion in... China’s Xiaomi, one of the world’s biggest smartphone makers, is talking to bankers...

Lyft's driver hub in Los Angeles. Photo by Bloomberg.

Lyft Cut Losses on Sharply Higher Revenue in First Half

By Amir Efrati · Nov 30, 2017 12:11pm PST

Lyft’s finances improved in the first half of 2017, new documents show, as the company lost less money on revenue estimated to be 200% higher than the year-earlier period. Lyft’s improvement came as U.S. ride-hailing leader Uber experienced scandal after scandal, which shifted some riders to Lyft.Lyft brought in $483 million in... Lyft’s finances improved in the first half of 2017, new documents show, as the company lost...

Google co-founders Larry Page and Sergey Brin. Photo by AP.

Google Reckoning With History of Interoffice Romance by Top Execs

By Reed Albergotti · Nov 29, 2017 10:09pm PST · 7 comments

The romantic relationships within the walls of Google made ideal fodder for gossip columns and magazine profiles.Co-founder Larry Page dated Google lieutenant Marissa Mayer in the company’s early days, and co-founder Sergey Brin later drew attention for dating Amanda Rosenberg, a younger colleague. CEO Eric Schmidt dated publicist Marcy... The romantic relationships within the walls of Google made ideal fodder for gossip columns and...

Andy Rubin. Photo by Bloomberg

Android’s Andy Rubin Left Google After Inquiry Found Inappropriate Relationship

By Reed Albergotti · Nov 28, 2017 11:26pm PST · 3 comments

Andy Rubin. Photo by Bloomberg

Android’s Andy Rubin Left Google After Inquiry Found Inappropriate Relationship

By Reed Albergotti · Nov 28, 2017 11:26pm PST · 3 comments

Andy Rubin, the creator of Android and a key executive at Google Inc. for nine years, left the company in 2014 shortly after an internal investigation determined that he had carried on an inappropriate relationship with a subordinate, The Information has learned. Mr. Rubin has taken a leave of absence from his new smartphone startup, Essential,... Andy Rubin, the creator of Android and a key executive at Google Inc. for nine years, left the...

Art: Josh Brill

Most Big Private Tech Firms Fall Far Short on Governance

By Alfred Lee · Nov 28, 2017 6:46am PST · 1 comment

Despite their enormous size and influence, the biggest privately held technology companies eschew some basic corporate governance standards, blocking outside voices, limiting decision making to small groups of mostly white men and holding back on public disclosures, an in-depth analysis by The Information shows.Questions about governance of... Despite their enormous size and influence, the biggest privately held technology companies eschew...

Snapchat's app. Photo by AP.

How Snap’s Redesign Could Help, and Hurt, Publishers

By Tom Dotan · Nov 22, 2017 7:02am PST · 1 comment

When Snap CEO Evan Spiegel this month revealed plans to redesign the Snapchat app, he outlined a strategy to help celebrities and digital publishers get better distribution and make more money on the app. But while some new features could accomplish that goal, others could hurt traffic for media companies on the platform.The mixed impact of the... When Snap CEO Evan Spiegel this month revealed plans to redesign the Snapchat app, he outlined a...

Photo by AP.

KKR Faces Turmoil at Optiv, Its Big Security Bet

By Sarah Kuranda · Nov 21, 2017 7:01am PST · 1 comment

When private equity giant KKR spent an estimated $2 billion to buy consulting firm Optiv Security in February, it said it hoped to build Optiv into one of the “most valuable security companies to their customers.” But this year, Optiv has repeatedly missed quarterly sales targets as it has struggled with changes in its sales approach... When private equity giant KKR spent an estimated $2 billion to buy consulting firm Optiv Security...

Snap's stock at the New York Stock Exchange. Photo by AP.

Another Female Executive Leaves Snap

By Tom Dotan · Nov 20, 2017 1:11pm PST · 3 comments

Snap's stock at the New York Stock Exchange. Photo by AP.

Another Female Executive Leaves Snap

By Tom Dotan · Nov 20, 2017 1:11pm PST · 3 comments

A senior Snap human resources executive, Kathy Mandato, abruptly left the company earlier this month, just five months after joining, said several people familiar with the situation. Ms. Mandato is the latest in a string of female executives who didn’t last long at Snap, including three others in HR roles as well as former COO Emily White.... A senior Snap human resources executive, Kathy Mandato, abruptly left the company earlier this...

An Alibaba-owned Hema grocery store in Shanghai. Photo: Bloomberg

Alibaba to Invest $2.9 Billion in Chinese Retail Megastore Operator

By Juro Osawa · Nov 19, 2017 9:00am PST

Alibaba Group has agreed to invest about $2.9 billion in one of China’s largest operators of retail megastores, according to a person familiar with the matter. The investment in Sun Art Retail Group, one of Alibaba’s biggest deals to date, accelerates the e-commerce giant’s expansion into the offline retail world. The deal... Alibaba Group has agreed to invest about $2.9 billion in one of China’s largest operators...

Nvidia CEO Jen-Hsun Huang, speaking at the 2017 Consumer Electronics Show in Las Vegas. Photo: Bloomberg

Nvidia Hires Uber Executive, Targets Mobileye

By Amir Efrati · Nov 16, 2017 12:58pm PST

Nvidia, the top seller of microchips essential to the development of self-driving cars, has hired Claire Delaunay, a co-founder of the self-driving trucking firm Otto that Uber acquired last year. The move is the latest in a hiring spree stretching back to last year, as Nvidia has recruited dozens of autonomous-vehicle software developers from... Nvidia, the top seller of microchips essential to the development of self-driving cars, has hired...

Lyft's strategy head Raj Kapoor. Photo by Flickr/Joi Ito.

How Lyft Is Developing Self-Driving Cars

By Amir Efrati · Nov 15, 2017 7:01am PST · 3 comments

Anyone jumping into the self-driving car field now, eight years after market leader Alphabet’s Waymo began work, has to try some scrappy tactics to have a hope of succeeding. That’s the tack taken by Lyft, the most prominent new entrant to the field, though little has been revealed about its work.Here are some previously unreported... Anyone jumping into the self-driving car field now, eight years after market leader...

Cloudflare CEO Matthew Prince. Photo by Bloomberg.

Cloudflare Aims to Loosen AWS’ Hold on Customers

By Barbara Darrow · Nov 14, 2017 10:19am PST · 2 comments

Cloudflare CEO Matthew Prince. Photo by Bloomberg.

Cloudflare Aims to Loosen AWS’ Hold on Customers

By Barbara Darrow · Nov 14, 2017 10:19am PST · 2 comments

Cloud computing companies like Amazon Web Services make it dirt cheap—actually free—to move customer data into their data centers. But moving that data out again, either back into a customer’s own data center or to a rival public cloud, isn’t as simple—or as cheap.Cloudflare, the content delivery network company... Cloud computing companies like Amazon Web Services make it dirt cheap—actually...

Airbnb CEO Brian Chesky. Photo by Bloomberg.

Employees See Cracks in Airbnb’s Starry Ideals

By Cory Weinberg · Nov 14, 2017 7:01am PST · 3 comments

Airbnb earlier this month fired about 50 full-time employees and more than 100 contractors who prepared meals in its offices, offering them positions at an outside food services company instead. What would have been a routine cost-cutting move at many companies caused an outcry among Airbnb employees, who saw the food team as emblematic of the... Airbnb earlier this month fired about 50 full-time employees and more than 100 contractors who...

At the AWS summit in San Francisco last April. Photo by Bloomberg.

Amazon’s ‘Ironman’ to Take On Google, Microsoft in AI

By Kevin McLaughlin · Nov 13, 2017 7:02am PST

Amazon Web Services is mounting a broad push to upgrade its artificial intelligence products, which includes building its own technology and working closely with several AI startups, according to multiple people with knowledge of AWS’ plans. AWS is hoping to shore up a rare weak spot against competitors like Google and Microsoft and win... Amazon Web Services is mounting a broad push to upgrade its artificial intelligence products,...

Cisco CEO Chuck Robbins. Photo by Bloomberg

Cisco Cuts More Jobs—This Time in the Cloud

By Barbara Darrow · Nov 10, 2017 10:58am PST

Cisco Systems laid off about 60 people this week, including the bulk of employees that came to the company via its acquisition of two cloud computing firms, Metacloud in 2014 and Piston Cloud the following year, according to two people close to the company. The layoffs reflect Cisco’s shift away, under CEO Chuck Robbins, from operating its... Cisco Systems laid off about 60 people this week, including the bulk of employees that came to...

Kater Gordon. Art by Matt Vascellaro.

Former ‘Mad Men’ Writer Starts Nonprofit After Alleged Harassment

By Jessica E. Lessin · Nov 9, 2017 1:17pm PST · 10 comments

Kater Gordon. Art by Matt Vascellaro.

Former ‘Mad Men’ Writer Starts Nonprofit After Alleged Harassment

By Jessica E. Lessin · Nov 9, 2017 1:17pm PST · 10 comments

Eight years ago, then 27-year-old Kater Gordon stood before the who’s who of Hollywood and accepted an Emmy award for Outstanding Writing for a Drama Series, together with “Mad Men” creator Matthew Weiner. The young writer—who had been hired a few years before as Mr. Weiner’s personal assistant—seemed to be on... Eight years ago, then 27-year-old Kater Gordon stood before the who’s who of Hollywood and...