Xiaomi teases another look at its foldable phone

Xiaomi is back with another teaser of the foldable concept device it first showed off in January. This time around, in a video posted to its Weibo account, the Chinese company showed off the device working in tablet mode and, after folding, regular phone mode to illustrate how seamlessly it can be tucked up and […]

PayIt, a payments platform designed for public services, raises $100M+ from Insight Partners

Government services, for many, epitomize the worst of bureaucracy: they are, at their low point, large, lumbering organizations working under strained budgets, staffed by lifer employees who don’t get much say in improving things, and lots of paperwork. But as ageing public information infrastructure grinds to a halt and public services start making the switch […]

Kong raises $43M Series C for its API platform

Kong, the open core API management and lifecycle management company previously known as Mashape, today announced that it has raised a $43 million Series C round led by Index Ventures. Previous investors Andreessen Horowitz and Charles River Ventures (CRV), as well as new investors GGV Capital and World Innovation Lab also participated. With this round, […]

Microsoft gives 500 patents to startups

Microsoft today announced a major expansion of its Azure IP Advantage program, which provides its Azure users with protection against patent trolls. This program now also provides customers who are building IoT solutions that connect to Azure with access to 10,000 patents to defend themselves against intellectual property lawsuits. What’s maybe most interesting here, though, […]

Palantir wins $800 million contract to build the U.S. Army’s next battlefield software system

Palantir just landed a landmark contract with the U.S. Army worth north of $800 million. The Washington Posts reports that the Silicon Valley data analytics company was tapped over traditional defense contractor Raytheon on the project, which tasks Palantir with delivering a comprehensive combat intelligence hardware and software suite to replace the Army’s outdated system, […]