Chicago’s Origin Ventures just raised $80 million for its fourth fund

 Origin Ventures, an early-stage, 18-year-old venture firm based in Chicago, has closed its fourth fund with $80 million in commitments. The fund is twice as big as the firm’s third fund, which closed in 2013. The sum is even more meaningful when compared to the outfit’s first two funds. One of those was a $1.5 million fund that cofounder Steve Miller pooled together with a… Read More

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Lyft’s opt-in automatic rider donation program goes live May 1

 Lyft previously announced that it would be introducing “Round Up & Donate,” a program that would allow its riders to automatically top-off their fare to the nearest dollar and donate the excess to a worthy cause. The program is now all set to go live for the first time on Monday, May 1, and the first organization that Lyft is supporting is United Services Organizations (USO),… Read More

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App stores saw record revenue and downloads in Q1 2017

 Mobile applications saw a record number of downloads and revenue in the first quarter of the year, according to a new report from app store analytics firm App Annie out this morning. Across both iOS and Android, downloads grew by 15 percent year-over-year to reach nearly 25 billion worldwide – a figure that includes only new downloads, and not re-installs or downloads from prior quarters.… Read More

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Scaleway thinks the future of cloud hosting is ARM-based servers

 Iliad’s cloud hosting division Scaleway is launching a new type of server today. In just a minute, you can launch your server with its own dedicated ARMv8 processor, 2GB of RAM, 50GB of SSD storage and unlimited bandwidth. And it only costs around $3.25 per month (€2.99).
If you’re not familiar with processor atchitecture, your computer and your smartphone use two different chipsets. Read More

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Cloudflare debuts a security solution for IoT

 Cloudflare, the content delivery network that promises speed and security for websites, announced today that it’s moving into the internet-of-things industry with a security product called Orbit. Now, instead of just securing websites, Cloudflare wants to secure IoT devices too. Orbit has been developed over the last 18 months in response to customer demand, Cloudflare CEO Matthew Price… Read More

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Propel raises $4M to make the social safety net more tech savvy and user friendly

Fresh EBT Some big names are making an investment in food stamps — specifically in Propel, a startup that helps food stamp recipients manage their benefits. Propel is announcing that it has raised $4 million in seed funding from Andreessen Horowitz, Omidyar Network, Kevin Durant’s The Durant Company and Max Levchin’s SciFi VC, as well as previous investors Jay Borenstein, WinWin and… Read More

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