Toast raises $115M for restaurant management platform, opens Portland office

Photo via Toast. Restaurant management platform developer Toast today announced a $115 million investment that values the company at $1.4 billion. T. Rowe Price Associates led the round, which included participation from Tiger Global Management and other existing investors. Toast helps customers like Jamba Juice, Sepia, B.GOOD and others manage restaurant operations with Android-based products like a mobile point-of-sale device; back-of-house tech; and feedback applications. Revenue increased by 150 percent in the past year. Toast, based in Boston, just opened new offices in Portland, Ore., and Omaha, Neb., adding to existing remote office in Dublin. The 1,000-person company plans to hire 30 people in Portland at its Pearl District office.… Read More

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All this hellish red robot wants to do is clap at you

Have you ever sat on a hillside in the dead of the night, gazed towards the heavens, and thought, “why oh why, dear lord, isn’t there a red lollipop shaped robot that claps at my enemies?” Good. I’m glad it’s not just me. Yes, gather round and please welcome Big Clapper, the most Japanese invention since Japan. Uh, what? Right then. Launched on Kickstarter yesterday, Big Clapper is described as having a “a roundish red body and a delightfully dapper expression.” To me, it’s got more of a ‘summoned from the depths of the inferno’ sorta vibe, but let’s not… This story continues at The Next Web …read more Source::… Read More

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Nvidia and MIT’s AI can clean up your noisy photos

If you’ve ever taken photos after sundown, you’re probably familiar with the ‘noise’ that distorts your pictures with colored specks. It’s possible to fix your images to some degree with software – but an AI developed by Nvidia, MIT and Aalto University can go much further – without ever having seen noise-free photographs. The Noise2Noise AI was trained using 50,000 pictures – as well as MRI scans and computer-generated images -that had randomized noise added to them. In their paper, the researchers show that their AI can successfully remove enough noise to make the pictures usable again, with detail and clarity… This story continues at The Next Web …read more… Read More

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June in Africa: Google balloons, ICOs, and internet shutdowns

Google is actively seeking partnerships to roll out Project Loon in Kenya, which will involve beaming internet in rural areas from hot air balloons. In a further connectivity boost for Kenya, the country’s government has set aside $30 million USD from taxes paid by the country’s mobile operators to roll out connectivity projects in rural areas. What will Africa do with all this increased connectivity? Not much, if some African governments have anything to do with it. In May, Uganda imposed a tax on social media, and this month the Algerian government shut down the internet altogether, allegedly in a… This story continues at The Next Web Or just read… Read More

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PSA: MyEtherWallet compromised in hack, urges users to move tokens now

Popular Ethereum interface and defacto token wallet MyEtherWallet (MEW) has been caught up yet another goddamn hack. This one affects users of the Hola chrome extension, specifically those who have used MEW in the past 24 hours. Hackers, who TechCrunch reports have utilized what “appeared to be a Russian-based IP address,” have taken over the Hola VPN service. Over five hours, MEW users who simply had the Hola chrome extension installed and running have had their wallets completely compromised. We received a report that suggest Hola chrome extension was hacked for approximately 5 hrs and the attack was logging your… This story continues at The Next Web …read more Source::… Read More

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