Good morning, Data Sheet readers. Stripe—which powers the buy buttons for Facebook, Pinterest and Twitter—is now valued at $5 billion. Watch for Twitter’s latest financial results after the market close. Windows 10 debuts tomorrow. The jury is out on Microsoft’s free upgrade plan. Enjoy your Tuesday!
TOP OF MIND
Luck of the Irish. Visa is pouring an undisclosed sum of money into Stripe, the fast-growing digital payments startup founded by brothers Patrick and John Collison. The company previously raised more than $300 million from Sequoia Capital, American Express, General Catalyst and others. The infusion added $1.5 billion to Stripe’s valuation, which now stands at $5 billion. “I think the valuation jumped because of the surprising momentum of the business,” said CEO Patrick Collison. Among its partners: Apple, Facebook, Twitter, and Pinterest.
Who needs same-day delivery? eBay won’t perpetuate the eBay Now option for individual sellers, at least in the United States. The marketplace also plans to fold several category apps, including the ones for fashion and automotive products, reports CNET.
Dell may spin off its cybersecurity operation, SecureWorks. It bought the Atlanta-based company in 2011 for $612 million.
Toshiba’s interim CEO could become its permanent one, according to reports in the Japanese media.
Netflix won’t abandon its DVD business anytime soon. For starters, it’s more profitable than its streaming services, reports The New York Times.
High-tech’s new billion-dollar club. More than two dozen big companies, about half of them in the United States, will spend at least $1 billion on Internet of things initiatives this year.
Cisco enters new era after John Chambers steps down
Monday began a new era for enterprise tech titan Cisco Systems.
John Chambers, the gregarious salesman who led the networking company for two decades, officially stepped down as CEO after announcing his retirement plans two months ago. His successor, Chuck Robbins, a Cisco veteran that Chambers once referred to as an “execution machine” for his get-things-done style, is now free to plot his own course for the company, once the most valuable in the country, but now facing a fast-changing landscape.
Part of Robbins’s first day as CEO job involved announcing two new additions to the Cisco leadership team. Zorawar Biri Singh, a former partner at Khosla Ventures and executive at Hewlett-Packard, is Cisco’s new chief technology officer. Kevin Bandy, a former senior vice president of enterprise transformation at Salesforce.com, is Cisco’s chief digital officer. Both were selected by Robbins. Fortune writer Jonathan Vanian reports on what else has the new CEO’s attention.
MONEY, MONEY, MONEY
European online-food delivery startup raises $70 million. London-based Deliveroo doesn’t just provide the tech, it arranges drivers and packaging. “If we can figure out all the logistics for restaurants, then we can offer people a better service,” founder Will Shu told The New York Times.
Infusion for patent protection company. Lecorpio, which sells software for managing intellectual property portfolios, has raised another $15 million. Customers include Adobe, Google, T-Mobile, Rockwell Automation, Net App and Red Hat.
Mobile devices are tough to manage. Indianapolis company MOBI has received a $35 million infusion from Bregal Sagemount to make it easier.
Lawyers on demand. UpCounsel, a network of pre-screened attorneys, has raised $10 million.
ALSO WORTH SHARING
Think you need a tech degree to successfully fight cybercrime? Fortune 500 bank Wells Fargo doesn’t agree. Its senior executive, Jennifer Spratley, is an expert in speech communications and business psychology.
It’s actually simple to replace the battery in your iPhone, although most owners don’t know it’s an option.
China just shut down one of the biggest iPhone counterfeit rings yet.
This isn’t music to Apple’s ears. Another respected blogger is attacking the design of the company’s infant Apple Music.
Amazon’s cloud is huge, but it isn’t necessarily the best option for businesses that want to keep pieces of their data center in their own facilities. On a brighter note, its highly anticipated MySQL database service, Aurora, is officially live.
Recompense for unfit data. Owners of the Nike + FuelBand will get partial refunds as a part of a settlement by Nike and Apple.
MY FORTUNE BOOKMARKS
3 reasons this is a breakthrough year for mobile marketing by Heather Clancy
McKesson: The healthcare giant you’ve probably never heard of by Verne Kopytoff
How the Internet of things is protecting endangered rhinos by Stacey Higginbotham
Apple, Walmart, Coca-Cola and others commit to White House climate change pledge by Katie Fehrenbacher
Nearly 1 billion phones can be hacked with 1 text by Robert Hackett
How sensors are helping mining companies save money by Barb Darrow
Elon Musk joins the call for a ban on autonomous weapons by Tom Huddleston, Jr.
ONE MORE THING
Freedom from ‘crappy startups.’ This New York technology accelerator connects entrepreneurs with established companies to filter out fads.
MARK YOUR CALENDAR
LinuxCon North America: All about open source. (Aug. 17 – 19; Seattle)
SuccessConnect: Simplify the way the world works. (Aug. 10 – 12; Las Vegas)
VMworld: The virtualization ecosystem. (Aug. 30 – Sept. 3, 2015; San Francisco)
Gartner Customer 360 Summit: Strategies for digital engagement. (Sept. 9 – 11; San Diego)
Dreamforce: The Salesforce community. (Sept. 15 – 18; San Francisco)
.conf2015: Splunk’s “get your data on” gathering. (Sept. 21 – 24; Las Vegas)
Cassandra Summit: Largest gathering of Cassandra database developers. (Sept. 22 – 24; San Francisco)
AppSec USA 2015: Application security principles. (Sept. 22 – 25; San Francisco)
BoxWorks 2015: Cloud collaboration solutions. (Sept. 28 – 30; San Francisco)
Workday Rising: Meet and share. (Sept. 28 – Oct. 1; Las Vegas)
HP Engage: Big data, big engagement. (Oct. 4 – 6; San Diego)
Gartner Symposium ITxpo: CIOs and senior IT executives. (Oct. 4 – 8; Orlando, Florida)
AWS re:Invent 2015: The global Amazon Web services community. (Oct. 6 – 9; Las Vegas)
I Love APIs 2015: Apigee’s annual conference. (Oct. 12 – 14; San Jose, California)
Grace Hopper Celebration of Women in Computing: World’s largest gather of women technologists. (Oct. 14 – 16; Houston)
DevOps Enterprise Summit: Lean principles meet technology management. (Oct. 19 – 21; San Francisco)
CX San Francisco: Forrester’s forum for customer experience professionals. (Oct. 22 – 23)
Oracle OpenWorld: Customer and partner conference. (Oct. 25 – 29; San Francisco)
TBM Conference 2015: Manage IT like a business. (Oct. 26 – 29; Chicago)
eBusiness Chicago: eBusiness and channel strategy. (Oct. 29 – 30)
QuickBooks Connect: SMBs, entrepreneurs, accountants and developers. (Nov. 2 – 4; San Jose, California)
CMO+CIO: Forrester’s summit on strategy collaboration. (Nov. 2 – 4; Sarasota, Florida)
Oktane15: Identity management trends. (Nov. 2 – 4; Las Vegas)
FutureStack: Define your future with New Relic. (Nov. 11 – 13; San Francisco)