#googlebacked

As part of its $300 million News Initiative, Google is teaming up with the UNC Hussman School of Journalism and Media’s Center for Innovation and Sustainability in Local Media, local news association LION Publishers and consultant Douglas K. Smith to launch a new initiative called Project Oasis.

In a blog post for Google, UNC CISLM Director Susan Leath wrote that this project is partly a…

India’s Reliance to buy majority stake in Google-backed Fynd for $42.3M

Indian conglomerate Reliance Industries is acquiring 87.6% stake in Fynd, a seven-year-old Mumbai-based startup that connects brick and mortar retailers with online stores and consumers, for 2.95 billion Indian rupees ($42.33 million), the two said in a brief statement late Saturday.

Fynd, which was founded in 2012, helps offline retailers sell their products to consumers directly through its…

The former leader of Alphabet's fiber business has landed at a Google-backed startup

The last we heard from Craig Barratt in October 2016, he was among the high-profile leaders of Google parent company Alphabet’s “other bets” to hit the exits. Four months later, Barratt has landed at Barefoot Networks, a maker of ultrafast networking equipment that’s received a healthy dose of capital from his former employer. Barratt is joining as CEO, the company said on Tuesday, taking over…