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BOSTON — Steven A. Cohen, a well-known hedge fund manager and one of the richest people in the U.S., has turned to the Boston-based financial services technology startup Quantopian to manage up to $250 million of his money, a move Quantopian’s CEO called “a watershed moment for the entire industry."
Quantopian, which was founded in 2011, allows users to create investment algorithms and puts ...14 minutes ago
SEATTLE — The new CEO at NetMotion Wireless, a Seattle company developing software that helps workers connect to applications in mobile environments, wants to capitalize on mobile trends in the workplace in the U.S. and overseas to expand its customer base.
Christopher Kenessey, who become CEO earlier this month after serving as president for about seven months, said he is directing a slight ...16 hours ago
ST. LOUIS — Startup companies offering pet-care products and services could win up to $20,000 in cash and support through a new Pet Care Innovation Prize, supported in part by Nestle Purina PetCare.
The prize, a partnership between St. Louis-based Nestle Purina, Active Capital and Cultivation Capital, is part of a competition to identify and support early-stage pet-care companies in what is a ...18 hours ago
SAN FRANCISCO — Zenefits, the San Francisco-based tech-infused insurance brokerage that's been under investigation by regulators in multiple states, got its first regulatory report card this week.
The Tennessee Department of Commerce and Insurance fined it $62,500, and otherwise largely let the brokerage and human resources startup off the hook, because it self-reported the violations and took ...19 hours ago
LOS ANGELES — Vizio won’t go public after all. Instead, the Southern California TV manufacturer has been purchased by Chinese technology giant LeEco for $2 billion in cash.
Under the deal, it’ll be business as usual for Vizio’s hardware and software business. The executive management team will remain in place, and the unit will continue to operate out of its Irvine headquarters as a ...19 hours ago
SILICON VALLEY — Veteran cybersecurity investor Bob Ackerman has joined forces with a SEAL Team Six veteran and a CIA alumnus for a new startup studio they are launching.
But its main location will be near the national's capital, in Fulton, Maryland, rather than in Silicon Valley.
"We believe it's better right now to build the engineering corps in Maryland because, frankly, we can't afford to ...20 hours ago
ORLANDO — Orlando is becoming a hot scene for tech startups, according to several factors, including the fact that the city was ranked as one of the top 10 U.S. cities for young entrepreneurs.
Here are three more factors that make the City Beautiful an attractive place, specifically for tech entrepreneurs:
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