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Posts Tagged ‘funding’

Where top VCs are investing in construction robotics

Venture capital has been flooding the various subverticals under the robotics umbrella in recent years, and the construction space is one of the largest beneficiaries. Last November, we surveyed 13 of the top robotics-focused VCs to find out which areas of robotics are exciting them most going into 2020. One of the most common areas ...

7-month-old Simsim secures $16M for its social commerce in India

Simsim, a social commerce startup in India, said on Friday it has raised $16 million in seven months of its existence as it attempts to replicate the offline retail experience in the digital world with help from influencers. The Gurgaon-based startup said it raised $16 million across seed, Series A and Series B financing rounds ...

India’s Vedantu scores $24M more for its online tutoring service

Vedantu, a Bangalore-based startup that operates a learning app aimed at students aged between 12 to 18, has secured an additional $24 million as part of its Series C financing round as it looks to serve more students and make its brand a household name. The fresh infusion to Series C, which Vedantu first unveiled ...

Facebook will pay Reuters to fact-check Deepfakes and more

Eye-witness photos and videos distributed by news wire Reuters already go through an exhaustive media verification process. Now the publisher will bring that expertise to the fight against misinformation on Facebook. Today it launches the new Reuters Fact Check business unit and blog, announcing that it will become one of the third-party partners tasked with ...

After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step

Snowflake, the cloud-based data warehouse company, doesn’t tend to do small rounds. On Friday night word leaked out about its latest mega round. This one was for $479 million on a $12.4 billion valuation. That’s triple the company’s previous $3.9 billion valuation from October 2018, and CEO Frank Slootman suggested that the company’s next finance ...

Women are the secret ingredient in Latin America’s outsized returns

Looking at the current Latin America numbers, one can only be hopeful that more investment into female co-founders will promote further growth in the region. ...

Snafu Records is a music label using algorithms to find its next big artist

Snafu Records is bringing a new approach to finding musical talent — founder and CEO Ankit Desai described the Los Angeles-headquartered startup as “the first full-service, AI-enabled record label.” It’s a world that Desai knows well, having spent the past five years working on digital and streaming strategy at Capitol Records and Universal Music Group. ...

Where top VCs are investing in open source and dev tools (Part 2 of 2)

In part two of a survey that asks top VCs about exciting opportunities in open source and dev tools, we dig into responses from 10 leading open-source-focused investors at firms that span early to growth stage across software-specific firms, corporate venture arms and prominent generalist firms. Where top VCs are investing in open source and ...

Where top VCs are investing in open source and dev tools (Part 1 of 2)

The once-polarizing world of open-source software has recently become one of the hotter destinations for VCs. As the popularity of open source increases among organizations and developers, startups in the space have reached new heights and monstrous valuations. Over the past several years, we’ve seen surging open-source companies like Databricks reach unicorn status, as well ...

Clear gets $13M Series A to build high-volume transaction system on the blockchain

Clear is an early-stage startup with a big ambition. It wants to build a blockchain for high-volume transaction systems like payments between telcos. Today it announced a $13 million Series A investment. The round was led by Eight Roads with participation from Telefónica Innovation Ventures, Telekom Innovation Pool of Deutsche Telekom, HKT and Singtel Innov8. ...