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Month: July 2015

Caller ID App Truecaller Is Raising $100M At A $1B Valuation

Communications apps that strike a chord with users across different markets are hot property these days, and it looks like another one of them may soon enter the so-called unicorn club. TechCrunch has learned that Truecaller — a caller ID app that now has 150 million users — is looking to raise around $100 million at a $1 billion valuation. We’re hearing that Truecaller has hired Morgan Stanley to lead the process, and there are term sheets out. The round is likely to have previous and new investors. To date, True Software, maker of Truecaller, has raised around $80 million. Previous investors include Atomico, Kleiner Perkins Caufield Byers, Sequoia Capital, Access Partners and Open Ocean. The plan will be to use the funds to grow the product. Truecaller, founded in Sweden, has seen a lot of traction in markets like India, its biggest market at 80 million users. Now it wants to expand elsewhere, like the U.S., and will be building out the company’s office in the Bay Area. The company is projected to hit 300 million users this year. Truecaller works by aggregating directory services via deals with white pages companies, and platforms like Yelp to bring in businesses. It complements this with crowdsourced information from the app’s users. That includes accessing your own address book, although you can opt out. Individual users can also opt out from being listed. It then uses big data analytics and machine learning to offer additional services beyond caller ID such as predicting who you might want to call...

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Nokia Releases OZO 360-Degree Virtual Reality-Ready Camera

As public interest in 3D video and virtual reality ramps up, Nokia has quickly stricken with a clever solution through its burgeoning media solutions enterprise: the OZO. The OZO was developed at the brand’s headquarters in Finland, crafted to offer a true 360º experience to filmmakers and videographers. The sphere-shaped camera is equipped with eight stereoscopic 3D video cameras throughout its body, which work alongside the integrated microphones to offer unparalleled holistic perspective. The built-in software seamlessly pieces together the imagery captured on each camera, allowing a whole image to be viewed on head-mounted displays. Aimed at opening up the virtual reality marketplace, stay tuned for more information on Nokia’s OZO as it arrives. Article source:...

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ASICS GEL-Lyte V "Burgundy Sunset"

It’s hard to make ASICS’ GEL-Lyte V silhouette look particularly bad, and here the brand continues its streak of handsome general releases with a burgundy iteration from the “Sunset” pack. Here we find the sneaker outfitted with deep red suede throughout the upper and accented with tonal leather sidestripes. A cushy burgundy neoprene booty rests underneath, which is detailed with hits of orange at the interior lining. Accompanying orange hits at the outsole and a purple touch at the midsole complete this offering from ASICS, which is available at finer retailers such as KITH now. Article source:...

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Microsoft Launches Windows 10 In 190 Countries Today

After much ado, Microsoft has finally rolled out the update to its hallmark PC platform, dropping Windows 10 in 190 countries worldwide today. As outlined in our previous report, the upgrade marks a distinctly streamlined experience for Windows users, offering a multi-device platform for phones, tablets and personal computers – more personal computing, if you will. The suite is jam-packed with features including the emergence of the Edge web browser; Cortana – the Halo-inspired personal digital assistant; Office Mobile app versions of Word, Excel and more; and a dedicated Xbox app. Windows 10 is also built with enterprise-grade security for companies running the software. Interested parties can head here to download the free upgrade. Article source:...

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Nintendo Ekes Out $9M Profit As Wii U Sales Cross 10M To Date

It’s earnings day at Nintendo, and the Japanese company surprised watchers by eking out a unexpected, and albeit meagre, $8.9 million profit for its most recent quarter of business. Nintendo sold less than half a million Wii U consoles these past three months, but, nevertheless, that was enough to push the near-three-year-old device’s total sales to date past the 10 million mark. Sony notched that very figure for the PlayStation 4 in just nine months, which shows the gulf between Nintendo, a beloved company among the gaming community, and the leaders in the consumer console space. That said, considering its slow sales, Nintendo gamers sure are loyal customers — the average Wii U owner has six games and collectively they purchased over 4.5 million titles for the Wii U in the last quarter. Elsewhere, sales of all 3DS models surpassed two million, while Wii customers continue to buy up games, with 1.1 million bought during the past three months. Nintendo, which earlier this struck an historic agreement with DeNA to produce mobile games, is sticking to its guns and its original $400 million profit forecast for this financial year. Given the modest start from this quarter and that fact that its mobile games aren’t likely to drop until sometime in 2016, it’s hard to see the company realizing its projection with nothing major in the new release pipeline. Article source:...

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