Startups

Multibillionaire professor David Cheriton has bankrolled a startup called Apstra, which has been working on software for managing networking devices from multiple vendors. He has funded 20 companies to date.

Venture-capital firms are raising money at the highest rate in more than 15 years, even as the values of some once-hot startups have begun to cool.

Hewlett Packard Enterprise is betting on a new approach to memory that it says can bring dramatic speed improvements to companies wrestling with growing troves of data.

Music-streaming site Spotify has raised $1 billion in convertible debt from investors, a deal that extends the money-losing company’s runway but comes with some onerous guarantees.

Fidelity Investments will charge annual fees of around 0.35% to 0.39% for Fidelity Go, its automated robo-investing service—a price that makes the service roughly competitive with others.

Online financial adviser Betterment LLC said Tuesday it has raised new funding that values the company at $700 million.

Drugs that failed to make it to the market in the U.S. and elsewhere are finding new life in China.

Many companies that made their bread and butter addressing the aftermath of the foreclosure crisis are rebranding themselves and expanding into other areas of the mortgage and real-estate businesses amid the housing recovery.

At a time of rising regulatory and legal pressure on tech companies around with the world, the outcome has an only-in-America sort of feel. Apple had its day in court and it won a battle of principle against a powerful arm of the government, which decided to walk away, at least for now, from the fight.

Takeover offers for Virgin America from two other U.S. airlines—JetBlue Airways and Alaska Air Group—are due by the end of the week.

Tech ideas now must promise to ‘disrupt’ entire industries. I’ll take a pass.

The Office of the Comptroller of the Currency is set to issue a so-called white paper this week aimed at kicking off a discussion on how best to regulate the fast-growing fintech sector.