Startup News roundup for Week ending 29nd October
News you can use
Where are startups are hiring the most? Its all outside Silicon Valley – A recent Linkedin Premium report highlights how startups outside of Silicon Valley, Bay Area are hiring the most people.
Dubai’s GINCO, TechStars establish start-up accelerator – The 10 start-ups selected for the programme will be hosted in Dubai from January 21, 2018
Startup events and opportunities in November, December 2017 – The Dreamit Early Admission Program allows founders to expedite the standard application process and secure one of fewer than 50 interview slots more than a month in advance. If you submit a completed application before November 17 at 11:59 pm ET, the Dreamit team will prioritize your application and let you know by December 1
Eric Schmidt : America needs to ‘get its act together’ in AI competition with China – Speaking at a tech summit organized by national security think tank CNAS, Alphabet chairman Eric Schmidt predicted that America’s lead in the field would continue “over the next five years” before China catches up “extremely quickly.”
Corporate Startup Ventures and M&A
VMware buys SDN startup VeloCloud – VMware is aiming to boost its SDN portfolio through VeloCloud’s technology, intellectual property, and customer base. VMware said Thursday that it plans to acquire SD-WAN startup VeloCloud Networks. Financial terms of the deal were not disclosed, but the Mountain View, Calif.-based startup has raised $84 million in four previous funding rounds.
Ctrip acquires U.S. startup – Chinese OTA Ctrip has acquired U.S. startup Trip.com, a travel planning app and website. The price of the acquisition was not disclosed.According to Trip.com, metasearch site Skyscanner (also owned by Ctrip) will launch personalized travel recommendations powered by Trip.com’s recommendations and reviews.
Startups that failed last week
Doppler Labs shuts down – Now comes news of Doppler Labs, a maker of “smart” high-end ear buds announcing it is shutting down.The announcement came as a blog post on its website.
Teforia, Internet of Things enabled tea-maker shuts down – This week came news that Teforia, maker of $1,000 internet-connected tea brewing machine (aka ‘tea infuser’) is shutting down.