TechSummit Lead #021

Editor’s Note: This is the TechSummit Lead, a daily technology recap that goes beyond the headlines.

  • Amazon Prime is now available as a monthly subscription, costing $8.99/month for the company’s Prime Video library of TV shows and movies and $10.99/month for Prime Video along with free shipping.
  • LinkedIn has launched LinkedIn Students, an app that gives you a starting point for exploring the first stage of your professional career.
  • Intel has formally launched its Apollo Lake platform for the next generation of Atom-based notebook SoCs.
  • According to industry trade group International Federation of the Phonographic Industry (IFPI), global streaming music sales rose 3.2 percent last year to surpass those from all physical music formats.
  • IBM has partnered with AOL, the Canadian Broadcasting Company, Comic-Con, and Mazda for the company to provide online video solutions.
  • Venture firm CGV Capital raised $1.2 billion from investors, including a $675 million main fund, a $225 million “Plus” fund to back up promising companies as they mature, a $250 million “Discovery” fund that focuses mainly on seed-stage opportunities in China, and a side $50 million “Entrepreneurs” fund largely consisting of company founders as LPs and will invest pro rata across the funds.
  • Gilt Groupe founding CEO Alexis Maybank will be launching Project September on Thursday, an app/website that features Instagram photos that users tag with product details to help product discovery and lead to purchases.
  • Driverless car technology company NAUTO has raised a $12M funding round led by Andy Rubin’s Playground Global fund and Draper Nexus.

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