Application programme interfaces (API) platform Postman has raised $225 million in new funding led by existing investor Insight Partners along with new investors like Coatue, storied Silicon Valley investor Mary Meeker’s Bond Capital and Battery Ventures joining the round. Post this funding, Postman is now valued at $5.6 billion. This makes the seven-year-old startup the … Read more
Drive Capital created an artificial intelligence tool named Herbie to help find great companies. Herbie uses data to create a daily digest of startups that it thinks are worth a second look. Masha Khusid, a partner at Drive, says the tool helps the partners close deals faster. Masha Khusid, a partner at Drive Capital, opens … Read more
Netflix Inc., marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts Inc. and Facebook Inc. executive to lead the effort. Mike Verdu will join Netflix as vice president of game development, reporting to Chief Operating Officer Greg Peters, the company … Read more
Paytm, whose initial public offering is expected later this year, has cut down its marketing spend as it focuses on building revenue, and competes with PhonePe and Google Pay in the super application (app) space, according to a Bernstein report. “Within the UPI (unified payments interface) super-apps, PhonePe leads the pack on overall UPI … Read more
Amazon Web Services’ business-apps team talks a lot about how to catch Microsoft, a person told Insider. AWS leads in cloud infrastructure but Microsoft dominates the market for business productivity apps. It has discussed forming a “Rebel Alliance” with other software makers to compete with Microsoft. See more stories on Insider’s business page. Amazon is … Read more
Another spat between India’s government and U.S. big tech has exacerbated disillusion among firms which have spent billions to build hubs in their largest growth market, to the extent some are rethinking expansion plans, people close to the matter said. The government on Saturday said Twitter Inc had not indicated compliance with new rules aimed … Read more
Amazon.com Inc founder Jeff Bezos will fly to space next month on the first space flight from his rocket company Blue Origin, the billionaire said on Monday. “Ever since I was five years old, I’ve dreamed of traveling to space. On July 20th, I will take that journey with my brother,” Bezos said in an … Read more
Finance ministers from wealthy G7 nations on Saturday pledged to commit to a global minimum corporate tax of at least 15 percent, rallying behind a US-backed plan. “We… commit to a global minimum tax of at least 15 percent on a country by country basis,” said a statement at the conclusion of their London meeting. … Read more
Warren Buffett potentially missed out on Microsoft’s IPO because of Liberty Media’s John Malone. Malone told the investor that he wouldn’t buy the software stock due to competitive threats. The media mogul later said he’d be “bigger than Warren Buffett” if he spun off fewer companies. See more stories on Insider’s business page. Warren Buffett … Read more