Investors are backing Koo, an Indian alternative to Twitter, with large size checks at a time when tension is brewing between the American social network and New Delhi. The Indian startup said on Wednesday it has raised $30 million in a financing round led by Tiger Global Management. Mirae Asset, IIFL’s venture capital fund and
Month: May 2021
At its (virtual) Build conference today, Microsoft launched a number of new features, tools and services for developers who want to integrate their services with Teams, the company’s Slack competitor. It’s no secret that Microsoft basically looks at Teams, which now has about 145 million daily active users, as the new hub for employees to
With more people than ever before going online to pay for things and pay each other, startups that are building the infrastructure that enables these actions continue to get a lot of attention. In the latest development, Paysend, a fintech that has built a mobile-based payments platform — which currently offers international money transfers, global
Xiaomi, one of China’s high-profile tech firms that fell in the crosshairs of the Trump administration, has been removed from a U.S. government blacklist that designated it as a Communist Chinese Military Company. The U.S. District Court for the District of Columbia has vacated the Department of Defence’s designation of Xiaomi as a CCMC in
Smart Eye, the publicly traded Swedish company that supplies driver monitoring systems for a dozen automakers, has acquired emotion-detection software startup Affectiva for $73.5 million in a cash-and-stock deal. Affectiva, which spun out of the MIT Media Lab in 2009, has developed software that can detect and understand human emotion, which Smart Eye is keen
The spinout of video platform Vimeo from IAC completed today, with the smaller company now trading as an independent entity under the ticker symbol VMEO. If you missed the news that the internet conglomerate was spinning out the video service, don’t feel bad; it slipped past many radars. But with the company now trading, with
The social video tool Promo.com just raised $16 million in a Series B round led by Getty Images, the company synonymous with stock imagery. Brands, creators or whoever else might need some quick and dirty video content can search Promo.com for what they need, just like they would use a stock photography service. Getty offers
Expensify may be the most ambitious software company ever to mostly abandon the Bay Area as the center of its operations. Expensify may be the most ambitious software company ever to mostly abandon the Bay Area as the center of its operations. The startup’s history is tied to places representative of San Francisco: The founding
We previously wrote about Propy using blockchain technology to smooth real-world real estate sales by introducing the concept of smart contracts. Propy was the first blockchain startup to make that work. Now the company is pushing the boundaries again, by auctioning a real apartment as an NFT. Although one might want to brush this aside
Flexibits, the company behind productivity apps Fantastical and Cardhop, is releasing a new version of Cardhop for both macOS and iOS. This is the second major version of the app and it adds new features, such as business card scanning, widgets, organizational charts and a deeper integration with Fantastical. Cardhop is a clever take on
What’s it like raising a round in 2021? How has it changed over the last few months, as some glimmer of normalcy seems, at least, within reach? What do early-stage founders (and investors!) need to know about the current state of the industry? Few are in a better place to outline this than Avlok Kohli,
There’s more to this story than one bad quarter Alex Wilhelm 7 hours The lackluster performance of shares in companies that have combined with special purpose acquisition companies (SPACs) in recent quarters took another hit yesterday when Lordstown Motors reported its first-quarter results. Lordstown, part of a wave of electric-vehicle companies that raised capital and
Mobile landing page builder Beacons has raised $6 million seed round to expand its vision for empowering creators to make money beyond the cramped confines of their social media profiles. The company, co-founded by Neal Jean, Jesse Zhang, Greg Luppescu and David Zeng, provides anyone who uses social media a single, mobile-optimized link hub to
Salesforce dominates the world of CRM today, but while it’s a popular and well-used tool for organizing contacts and information, it doesn’t have all the answers when it comes to helping salespeople and marketers sell better, especially when meetings are not in person. Today, one of the startups that has emerged to help fill the
The highest chamber of the European Court of Human Rights (ECHR) has delivered a blow to anti-surveillance campaigners in Europe by failing to find that bulk interception of digital comms is inherently incompatible with human rights law — which enshrines individual rights to privacy and freedom of expression. However today’s Grand Chamber judgement underscores the
Struum, the new streaming service from former Disney and Discovery execs, is today officially launching to the public. Unlike traditional on-demand streamers, such as Netflix, the Struum model is more akin to a “ClassPass for streaming,” as its plan is to aggregate content from smaller video services then provide access under its own subscription. Today,
May.19 — AMD CEO Lisa Su says we’re in the middle of a semiconductor ‘megacycle’ and it will take some time for supply and demand to balance out. She speaks to Emily Chang on “Bloomberg Studio 1.0.”
Solidus Labs, a company that says its surveillance and risk-monitoring software can detect manipulation across cryptocurrency trading platforms, is today announcing $20 million in Series A funding led by Evolution Equity Partners, with participation from Hanaco Ventures, Avon Ventures, 645 Ventures, the cryptocurrencies derivative exchange FTX, and also a sprinkling of government officials, including former
You might have thought that with more than 300 companies joining this year’s winter batch of Y Combinator, the investor interest might have thinned. Well, it’s 2021 and investors are hopping around like crazy to invest in ideas that push the boundaries in fields far flung from enterprise SaaS. Case in point today: Gridware. It’s
Over the last year, Instagram has added a slew of features to help independent creators make a living, like Instagram Shop and Shopping in Reels. Today, Instagram launched new Insights for Reels and Live on its Professional Dashboard, giving businesses and creators essential data about the reach of their content. These tools will help Reels
Interactio, a remote interpretation platform whose customers include massive institutions like the United Nations, European Commission and Parliament along with corporates like BMW, JP Morgan and Microsoft, has closed a whopping $30 million Series A after usage of its tools grew 12x between 2019 and 2020 as demand for online meeting platforms surged during the
Mobile app market intelligence firm Sensor Tower has made its first acquisition. The company this morning announced it’s acquiring Pathmatics, a market intelligence company which will now combine its paid digital and social media platform with Sensor Tower’s business. Deal terms were not detailed but include an undisclosed growth investment from Riverwood Capital into Pathmatics.
Thomas Asseo Contributor As co-CEO, Thomas Asseo oversees the strategic direction of Fresh n’ Lean in distributing thousands of meals for active lifestyle consumers. Before joining the company, he rose to the top of the auto racing ladder system. Netflix has two CEOs: Co-founder Reed Hastings oversees the streaming side of the company, while Ted
Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region, Sao Paulo-based Kaszek has been putting money into promising startups since 2011, helping spawn nine unicorns along the way. And now, the early-stage VC firm is announcing its largest fund closures to date:
Florida governor Ron DeSantis has signed into law a restriction on social media companies’ ability to ban candidates for state offices and news outlets, and in doing so offered a direct challenge to those companies’ perceived free speech rights. The law is almost certain to be challenged in court as both unconstitutional and in direct
In the wake of the news that U.K.-based AI startup Faculty has raised $42.5 million in a growth funding round, I teased out more from CEO and co-founder Marc Warner on what his plans are for the company. Faculty seems to have an uncanny knack of winning U.K. government contracts, after helping Boris Johnson win
Research papers come out far too frequently for anyone to read them all. That’s especially true in the field of machine learning, which now affects (and produces papers in) practically every industry and company. This column aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to,
In December, Microsoft wrote a blog post highlighting “The year ahead for Surface Duo.” The news highlighted the dual-screen device’s upcoming availability outside the U.S. (including Canada, the U.K., France and Germany this year), as well as a smattering of features. It’s been pretty well acknowledged from most everyone who reviewed the device (us included),
The Fireflies.ai project is a good reminder that not every startup project goes from idea to unicorn-status in 48 minutes. Instead, the startup’s CEO Krish Ramineni told TechCrunch about how a period of interest in natural language processing (NLP), tinkering with a friend, a stint at Microsoft, and even working on Slack bots led him
Welcome back to the working week. Are you ready to get our hands a little dirty this morning? Good. We have an IPO to catch up on, one I should have kept with in the past few weeks. Regardless, today we’re looking at Zeta Global’s latest IPO filing ahead of its eventual pricing. The Exchange
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