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2015 June

25 Jun

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Postmates Raises $80 Million in Push Toward $1 Deliveries

June 25, 2015 | By |

On-demand courier service Postmates has an ambitious goal: $1 deliveries in under an hour.

To help it get there, the San Francisco startup raised $80 million in a round of funding led by Tiger Global Management, said Chief Executive Bastian Lehmann. The investment values the four-year-old company at more than $400 million, he said. Huron River Ventures co-invested in the round.

Postmates, which relies on thousands of couriers to deliver just about anything within a city, is under assault from a wave of startups offering same-day deliveries. To undercut its rivals, Lehmann said the company plans to roll out a new service in August that will charge customers around $1 apiece for deliveries of food and other goods to high-density zip codes at peak times.

10 Jun

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FarmLogs looking for Passionate Product Marketing Manager!

June 10, 2015 | By | No Comments

FarmLogs is seeking an innovative thinker and problem solver who is passionate about developing marketing programs!

Read more on FarmLogs

10 Jun

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FarmLogs seeking VP of Engineering

June 10, 2015 | By |

FarmLogs is seeking an experienced software veteran as VP of Engineering to lead platform teams and guide software development!

Read more on FarmLogs

01 Jun

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Oil data startup Tachyus fuels up with funding from Founders Fund (and HRV)

June 1, 2015 | By |

No matter how you feel about climate change, the oil industry is becoming more data-driven and efficient thanks to this startup.

Oil isn’t the most popular industry in the Bay Area, admits Dakin Sloss, co-founder and CEO of Tachyus, an 18-month-old Silicon Valley startup that builds data tools for the oil industry. But Sloss — a serial entrepreneur who graduated from Stanford in 2011 — says “if you care about energy, then you should care about oil and gas. There’s a big opportunity for more data-driven efficiency.”

The startup seems to have hit a nerve initially with oil well operators in the U.S. Sloss says that the company’s data models are being used at 6,000 oil wells domestically helping operators increase their oil production by an average of 20 to 30 percent and enabling Tachyus to grow its revenues around 20 percent week over week. Sloss declined to name the company’s oil operator customers.

Sloss tells Fortune that, following this growth, Tachyus has recently closed on a Series A round of $13 million in funding led by the Founders Fund, the venture capital firm created by former PayPal founders including Peter Thiel. Founders Fund has backed startups like SpaceX, Palantir, Airbnb, Facebook, Lyft, Spotify and Yammer. Read more on Fortune