Elementary, an artificial intelligence machine vision company, closed on $30 million in Series B funding to continue developing its manufacturing quality and inspection tools. We last profiled the Pasadena-based company last June when it raised $12.7 million in a financing round led by Threshold Ventures. Elementary’s tools enable customers to create no-code inspection routines and
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Fuzey, a London-based company providing what it calls a “digital one-stop shop” for small businesses and independent contractors, raised $4.5 million in seed funding. The round was led by byFounders with participation from Flash Ventures, Global Founders Capital, Ascension and a group of angel investors, including Index Ventures’ venture partner Stephane Kurgan and Amplo VC
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New research examining what happens after Internet users in Europe land on an ad-supported website and express their “privacy choices” — using a flagship ad industry consent management platform which is supposed to allow them to control the types of ads they receive (i.e. non-tracking vs “personalized”) — has raised fresh questions over the IAB
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A digital mobile overdraft facility christened Fuliza, by Kenya’s biggest telco Safaricom Plc, is giving the country’s popular loan apps a run for their money barely three years after its launch. Fuliza allows Safaricom customers to access unsecured credit by overdrawing on M-Pesa – the telecommunication company mobile money wallet that allows its users to
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Instant grocery — where urban-dwelling consumers buy food and other essentials and can get them delivered in 15 minutes or less — continues to be a big business, and one of the juggernauts in the space is now raising a big round of funding to meet that opportunity: Gopuff is in the process of raising
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Continual, a startup that aims to bring operational AI to the modern data warehouse-centric data stack, today announced that it has raised a $4 million seed round led by Amplify Partners, with Illuminate Ventures, Essence, Wayfinder and Data Community Fund also participating in the round. With this announcement, Continual is also opening up its service
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Many brands are using the messaging app Discord to forge a sense of community among their fans. If the fast-food chain Wendy’s can have a Discord with over 60,000 members, why not a viral platform like TikTok? TikTok teased on Twitter that it was making a Discord server, but then confirmed the news on its
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Working together at Uber’s risk team, Yifu Diao and Ming Fang came to realize that with the hypergrowth the company was seeing came fraud challenges. Diao’s first project at the company after starting in 2014 was building a rules engine called Mastermind to fight fraud. That engine, he says, allowed risk analysts to build and
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French startup Voodoo has announced that it plans to make a significant investment in blockchain-powered mobile games. The company estimates that it represents a $200 million investment over the coming years. 2021 has been an important year for crypto gaming, with Axie Infinity popularizing the play-to-earn model. Some companies, such as Mythical Games, raised massive
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TikTok announced this morning it’s taking a new approach to its “For You” feed — the short-form video app’s main feed, powered by its algorithmic recommendations. The company already detailed how its algorithm works to suggest videos based on users’ engagement patterns within its app, but admits that too much of a particular content category
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French startup La Belle Vie announced that it has raised a $28.2 million (€25 million) Series B round led by Left Lane and Quadrille Capital, with existing investor Capagro also participating. The company operates an online grocery store in the Paris area. Online grocery delivery services and so-called quick-commerce startups are quite trendy. In fact,
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Controversial facial recognition company, Clearview AI, which has amassed a database of some 10 billion images by scraping selfies off the Internet so it can sell an identity-matching service to law enforcement, has been hit with another order to delete people’s data. France’s privacy watchdog said today that Clearview has breached Europe’s General Data Protection
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Disney+ is the latest streaming app to add support for Apple’s SharePlay, the iOS 15 feature that offers a co-viewing experience over FaceTime video calls on iPhone, iPad, Mac, or Apple TV devices. First announced during Apple’s Worldwide Developer Conference (WWDC) in June, SharePlay rolled out with the iOS 15.1 update, soon offering co-viewing experiences
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UBQ Materials, which claims it has developed a plastic-like material made from 100% unsorted household waste, has raised a $170 million funding round led by TPG Rise, TPG’s global impact investing platform, made through TPG Rise Climate, the firm’s dedicated climate investing fund, and The Rise Funds, its multisector impact investing fund. The financing round
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South Korean startup Kakao Entertainment announced today it has acquired Wuxiaworld, an Asia fantasy fiction platform, via its serialized fiction app subsidiary Radish to bolster the mobile storytelling business. The transaction size is $37.5 million.   Wuxiaworld, which has grown through word-of-mouth, claims it is now the largest English-language Asia fantasy platform in the U.S. in terms of
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