Apr 13, 2017

Eniac Ventures raises $100 million to go beyond mobile

Eniac Ventures, an early-stage VC firm whose investments include Soundcloud and Hyperloop One, has raised $100 million for its fourth, and largest-ever, fund.

Beyond mobile: While the bi-coastal firm originally focused on investing in mobile apps, it's been shifting its attention to merging computer verticals like virtual and augmented reality, artificial intelligence, and robotics.

Fun fact: Eniac's four managing partners first met as engineering students at the University of Pennsylvania. As such, they named the firm after the ENIAC, one of the earliest automated computers, which was built at their alma mater.

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McConnell blocks resolution condemning Trump's actions against peaceful protesters

Senate Majority Leader Mitch McConnell (R-Ky.) blocked a resolution introduced by Minority Leader Chuck Schumer (D-N.Y.) on Tuesday that would have condemned the use of tear gas and rubber bullets against peaceful protesters outside the White House on Monday in order to allow President Trump to walk to St. John's church.

What they're saying: "Justice for black Americans in the face of unjust violence, and peace for our country in the face of looting, riots, and domestic terror. Those are the two issues Americans want addressed," McConnell said on the Senate floor.

George W. Bush breaks silence on George Floyd

Goerge Bush in Michigan in 2009. Photo: Bill Pugliano/Getty Images

Former President George W. Bush (R) wrote in a statement Tuesday that he and his wife, Laura, are "anguished" by the death of George Floyd, and said that "it is time for America to examine our tragic failures."

Why it matters: It's a stark juxtaposition when compared to fellow Republican President Trump's response to current civil unrest. While Trump has called for justice in Floyd's death, he's also condemned protestors and threatened to deploy military personnel if demonstrations continue.

Updated 58 mins ago - Politics & Policy

Updates: George Floyd protests continue for 8th day

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued across the U.S. for the eighth consecutive day, prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: The Minnesota Department of Human Rights announced an investigation on Tuesday into the conduct of the Minneapolis Police Department over the past decade, after filing a civil rights charge related to the death of George Floyd.