There are two new players at the top of our pay tally, and they both work at the same company. Oracle’s co-chief executives Mark Hurd and Safra Catz each netted compensation valued at $ 53.2 million last year.
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Happy Friday! This week, Tech.eu tracked 11 technology M&A transactions and 76 funding deals (totalling €400 million) in Europe and Israel.
Like every week, we listed every single one of them in our free weekly newsletter, along with interesting news regarding fledgling European startups, tech investors old and new, a number of good reads published elsewhere, government and policy news, as well as an overview of interesting lists, facts and figures from a wide variety of sources.
You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:
1) Intercom, the Irish-founded customer communications platform, raised $ 50 million from Index Ventures. Also this week we published an interview with Intercom’s co-founder Des Traynor, where he talks about the company’s forthcoming tour of events as well as its future in Dublin and SF.
2) French hotels group Accor acquired online home rental site Onefinestay for €148 million. The UK startup had previously raised €73 million from the likes of Intel Capital, Quadrant Capital Advisors and Index Ventures.
3) Intel announced the third acquisition of a European startup this year: Italy-based and IoT security startup Yogitech, which had raised less than €3 million to date.
This week, Tech.eu tracked 18 technology M&A transactions and 58 funding deals (totalling €181 million) in Europe and Israel. You can subscribe to our newsletter below to receive all this information in your inbox every Friday afternoon for free, but here’s an overview of the 10 biggest European tech news items for this week:
1) There were as many as four funding rounds in Europe and Israel north of $ 10 million: Blippar ($ 54 million), XJet ($ 25 million), iAngels ($ 14 million) and Replay Technologies ($ 13.5 million).
2) There were also three relatively large acquisitions involving Israel-based companies: Cisco bought Leaba Semiconductor for $ 380 million, SES PS paid $ 242 million for RR Media, and RNTS acquired ad tech company Inneractive for $ 72 million
3) Spotify’s fundraising rumours continued: TPG in talks to invest $ 500 million in Spotify in a convertible debt round that could rise to $ 1 billion
4) Raspberry Pi 3 has been officially launched; and here are co-founder Eben Upton thoughts on the new device
5) The US and EU presented Privacy Shield, a regulatory framework that will replace the old Safe Harbour agreement. Fortune has a good breakdown of how this will affect US-based tech companies
6) It was a busy week for Facebook in the regulatory and fiscal environment in Germany and the UK, respectively
7) Various Rocket Internet-backed startups announced pullback on ambitious expansion plans: Tripda shut down, Delivery Hero is leaving China and EatFirst is to cease operations in Berlin.
8) Britain’s tech sector is overwhelmingly opposed to Brexit; and this is how it could impact the UK’s startup scene
9) Bill Maris explained the changes in Google Ventures’ European strategy
10) Zalando’s revenue grew by 33.6 percent in 2015, reaching €2.2 billion
Bonus link: The father and son VCs behind the new LocalGlobe seed fund (video interview)
Going to the doctor and waiting for a short check-up can be frustrating and expensive. For common conditions like asthma or a cold, a stethoscope and thermometer are usually first used to make a diagnosis. But what if you could do it yourself from home?
Philanthropy isn’t only for the big guys. While tech giants Google and Apple announced their donation efforts last week, there is plenty of room for others. From multiple “Airbnb for refugees” popping up around the world to simply volunteering to be a human wifi hotspot, technology is being used as a vital tool for aid. With the latest numbers from the International Organization for Migration as a record-breaking 473,887 refugees and migrants from the Mediterranean to Europe just this year alone, everything helps. The past few weeks we’ve been presenting companies using technology with a humanitarian focus – here and…
Privacy advocates are stepping up their lobbying efforts against the controversial cyber threat information sharing bill currently in Congress after several tech giants indicated their support.
Activist group Fight for the Future criticized Salesforce for supporting legislation which would “grant blanket immunity for American companies to participate in government mass surveillance programs like PRISM, without meaningfully addressing any of the fundamental cyber security problems we face in the U.S.” Accordingly, Fight for the Future said it will abandon the Heroku cloud application platform within the next 90 days and encourages others to follow suit. The letter to Salesforce CEO Marc Benioff was posted on the site YouBetrayedUs.org.
VMware Ships New Software-Defined Data Center Tech, and Private OpenStack… The updates stretch across the entire VMware data center stack. VMware Integrated OpenStack 2, VMware Site Recovery Manager 6.1, VMware Virtual SAN 6.1, VMware vRealize Log Insight 3, VMware vRealize Operations 6.1, and VMware vSphere APIs for … Read more on Data Center Knowledge
Ubuntu 15.10 (Wily Werewolf) to Ship with OpenStack Liberty Canonical’s James Page posted an interesting message on the Ubuntu mailing list, informing all Ubuntu developers about the steps they need to take in order to update the OpenStack cloud software to version 2015.2.0 (Liberty) in Ubuntu 15.10. Both … Read more on Softpedia News (blog)
Hours ago the U.S. State Department released 7,000 new pages of emails from Hillary Clinton’s private server. The latest release, following Clinton’s alleged violation of U.S. record-keeping laws, reveals chitchat on Google, tech dinners, and details on Clinton’s 2010 Internet Freedom speech (ahead of which she said it was “a stretch” to call herself a “techie”).
These documents hardly offer glimpse at Clinton’s connections inside the tech industry — we may find out more as additional documents are released. For now, here’s a sampling of Clinton’s latest technology-related emails below, beginning with Google’s disinterest in sponsoring the 2010 USA pavilion in Shanghai.