Palantir's business endangered by alleged hiring discrimination

Regulators say they have tried to work out a settlement with the Big Data analytics company since last fall over alleged discrimination against Asian job applicants Read more »

Startups - Stepping away

Puppet CEO Luke Kanies steps down

by Malia Spencer Power Breakfast Puppet Labs Luke Kanies

PORTLAND — Luke Kanies, founder of high-profile Portland software company Puppet, on Monday announced he was stepping down as CEO effective immediately and handing the leadership over to Chief Operating Officer Sanjay Mirchandani.

Mirchandani joined Puppet in May as its first-ever COO and president. In a blog post to employees, Kanies said the intent was always to have someone in that role who  ...

15 hours ago
Innovation - Cancer moonshot

Microsoft is trying to ‘solve’ cancer with computers

by Coral Garnick Microsoft logo

SEATTLE — With companies and organizations such as Juno Therapeutics and the Fred Hutchinson Cancer Research center based in Seattle, the Puget Sound region is known around the world for its cancer research.

Now, Microsoft is joining those world-leaders and using what it knows best – computer science – in an effort to “solve” cancer. The Redmond-based company has researchers in both  ...

16 hours ago
Hot Shots - Saying farewell

How Sherry Stewart Deutschmann said goodbye to the company she founded

by Eleanor Kennedy Sherry Stewart Deutschmann

NASHVILLE — Sherry Stewart Deutschmann's voice caught with tears more than once Friday afternoon as she, during a break from packing up her office, told me about the decision to sell LetterLogic, her patient billing and printing company.

It was "the right time to sell" for a variety of reasons, Deutschmann said, including increased activity around the revenue cycle management space in health  ...

16 hours ago
Startups - Startup Nation: Washington

Guerilla Vending brings local businesses to the snack machine

by Andy Medici vending

WASHINGTON — Why can’t vending machines just be better?

Born out of a late-night drinking session (like most good ideas are) about why the United States did not have the same caliber of vending machines present in Japan, Alex Hastings and Mike Galyen decided to launch a company that would try and break the snack-based barriers afflicting modern-day vending machines.

Guerilla Vending is based  ...

17 hours ago
News Wire - The big deal

Almost bootstrapped ad tech startup sells at 'unicorn' valuation

by Cromwell Schubarth Adam Foroughi, AppLovin

SILICON VALLEY — AppLovin, a three-year-old Palo Alto ad tech startup that raised just a few million in angel funding, on Monday told employees that it has sold a majority stake in the business at a reported valuation of about $1.42 billion.

CEO Adam Foroughi said in his note to staff that the sale of a majority stake to Chinese private equity firm Orient Hontai Capital came after he began  ...

18 hours ago
Innovation - Cleantech gets dirty

SolarCity accused of IP theft by Khosla Ventures, Cogenra

by Cromwell Schubarth SOLARCITY RIVE

SILICON VALLEY — SolarCity, the solar panel installer co-founded by Elon Musk, was sued for intellectual property theft on Monday by Khosla Ventures and Cogenra Solar.

The technology in question is used to make high-efficiency solar panels at a commercially viable price.

Mountain View-based Cogenra alleges that SolarCity and its subsidiary Silevo stole its trade secrets, manufacturing processes  ...

18 hours ago
Startups - Bubble watch

Furniture e-commerce startup Dot & Bo closes after acquisition talks fail

by Gina Hall Anthony Soohoo, Dot and Bo

SILICON VALLEY — Dot & Bo, a furniture e-commerce startup, suddenly shuttered on Friday after failing to find backers or a buyer.

The San Francisco-based company was in advanced talks to be acquired by a large company, but when discussions broke down the e-commerce site was forced to close up shop.

"We were in deep discussions to be acquired by a prominent public company, but ultimately the  ...

19 hours ago
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