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The Movado Group, which sells multiple brands including Lacoste, Tommy Hilfiger and Hugo Boss, has purchased MVMT, a small watch company founded by Jacob Kassan and Kramer LaPlante in 2013. The company, which advertised heavily on Facebook, logged $71 million in revenue in 2017. Movado purchased the company for $100 million. The acquisition of MVMT
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Twitter tried to downplay the impact deactivating its legacy APIs would have on its community and the third-party Twitter clients preferred by many power users, by saying that “less than 1%” of Twitter developers were using these old APIs. Twitter is correct in its characterization of the size of this developer base, but it’s overlooking
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As government regulation for commercial drone usage seems to be trending in a very positive direction for the companies involved, there is an ever-growing opportunity for drone startups to utilize artificial intelligence to deliver insights without requiring much human effort. Sterblue, a French drone software startup that is launching out of Y Combinator’s latest class
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Klarity, a member of the Y Combiner 2018 Summer class, wants to automate much of the contract review process by applying artificial intelligence, specifically natural language processing. Company co-founder and CEO Andrew Antos has experienced the pain of contract reviews first hand. After graduating from Harvard Law, he landed a job spending 16 hours a
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Bobby Franklin Contributor More posts by this contributor The startup community must defend merit-based immigration Ensuring foreign-born founders can grow their startups in the U.S. President Trump’s time in office has been punctuated by rising tension with China on a host of economic issues. He’s received bipartisan criticism for the impact of tariffs on Chinese
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Facebook’s role in the opioid crisis could become another scandal following yesterday’s release of harrowing new statistics from the Center for Disease Control. It estimated there were nearly 30,000 synthetic opioid overdose deaths in the U.S. in 2017, up from roughly 20,000 the year before. When recreational drugs like Xanax and OxyContin are adulterated with
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Analytics company Crimson Hexagon says Facebook has reinstated its data access to Facebook and Instagram. That access was suspended last month, with Facebook saying it was investigating whether the company had violated any of its data use policies. (The social network, of course, has been dealing with the fallout from a separate controversy over user
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Credit Karma, the service best known for providing free credit score monitoring and other financial advice (mostly to millennials), is getting into the mortgage business. The company today announced that it has acquired Approved, a mortgage platform that brings modern technology to a process that even today often still involves faxing documents back and forth. The
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As renewable energy use surges in the U.S. and the effects of global climate change become more visible, companies like Arcadia Power are pitching a nationwide service to make renewable energy available to residential customers. While states like New York, California and regions across the upper Midwest have access to renewable energy through their utilities
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Shelf Engine’s team While running Molly’s, the Seattle-based ready meal wholesaler he founded, Stefan Kalb was upset about its 28 percent food wastage rate. Feeling that the amount was “astronomical,” he began researching how to lower it — and was shocked to discovered Molly’s was actually outperforming the industry average. Confronted by the sheer amount
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If you’ve made any payments with a chip card, you’ve probably had awkward moments — those long seconds after you’ve inserted the card and everyone behind you is (literally or metaphorically) tapping their foot, waiting for the card to be processed. Well, Square has been working on this problem for a while now. Last fall,
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XYZPrinting may have finally cracked the color 3D printing code. Their latest machine, the $1,599 da Vinci Color Mini is a full color printer that uses three CMY ink cartridges to stain the filament as it is extruded, allowing for up to 15 million color combinations. The printer is currently available for pre-order on Indiegogo
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What do you get when you connect a bunch of filmmakers with a bunch of programmers? Something like Flowbox. Flowbox, which began life as a unique object-oriented programming language for visual effects, has grown into something truly powerful in the moviemaking industry. Run by Mikołaj Valencia​, Michał Urbańczyk​, Paweł Pietraszko, and Mat Bujalski, this Polish
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