Fundings & Exits
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Inside Fin, the elite human/AI assistant
“I have FOMO for the future”, says Sam Lessin. That’s why his startup Fin is working backwards from a far-off tech utopia. One day, computers with some human help will answer our every beck and call. Today, Lessin is teaming them up. Every day, Fin gets smarter. For $1 a minute, 24/7, Fin gets your digital chores done. Message, email, or speak a request and a real person… Read More
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Chip, the chatbot savings app, raises over £1M in crowdfunding with plans to apply for a banking license
Chip, the chatbot app that plugs into your bank account and lets you automatically save for a rainy day, has raised nearly £1.1 million on equity crowdfunding platform Crowdcube. The fund raise, which is part of a larger £2.4 million funding round, forms part of plans for the London-based startup to apply for a banking license. Read More
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Bio-programming toolkit maker Asimov launches with $4.5M from Andreessen Horowitz
Biotech is one of today’s many hot tech frontiers, but one thing holding it back is that it’s significantly less amenable to traditional computing techniques than other areas. A new startup is working on bridging the gap between the digital and the biological by creating a set of computer-aided biology design tools. It’s a prescient enough idea that it has attracted $4.5… Read More
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Stitch Fix is crashing after its first-ever earnings report
Stitch Fix’s first earnings report is not going well for the company, as its shares went into a tailspin after a significant run up over the past month following its IPO when it delivered its results its most recent fiscal quarter.
Stitch Fix, a personalized apparel company that ships a box of recommended items that users can buy or send back, closed up just 1% on its first day of… Read More
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SendBird raises another $16M to help developers add chat functions to a service
If you go to any company’s website these days, you’re probably starting to see some chat functionality more and more often — and for good reason, as it’s a quick way for those companies to get in touch with their potential customers. And SendBird, which launched in February this year out of Y Combinator, has tried to quietly begin eating up this space by giving… Read More
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The startup that facilitates deliveries for HelloFresh in SF and LA raises $4.3 million
AxleHire, a last-mile logistics startup that facilitates deliveries for companies like HelloFresh, Freshly, Sunbasket, La Boulangerie and others, has raised $4.3 million from Acorn Pacific, RGA Ventures and others. Oracle to buy construction collaboration software maker Aconex for $1.2B in cash
Oracle will pay $1.2 billion in cash to buy construction software developer Aconex, the companies announced today. Based in Melbourne, Aconex’s cloud-based software allow teams working on building projects to collaborate and share documents. Oracle agreed to pay AUD $7.80 (about $5.97) per share in cash for a total of $1.2 billion. This price represents a 47% premium over… Read More
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Ex-Zynga execs raise $15 million for their new gaming studio, Manticore Games
In the eight years since Frederic Descamps and Jordan Maynard launched their last gaming startup, the industry they helped shape now brings in more than $100 billion in revenues globally. There’s been a resurgence in gaming on PCs. User-generated content has produced a string of wildly popular hits. Those trends are exactly what the two are hoping to harness with Manticore Games. Read More
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Xage emerges from stealth with a blockchain-based IoT security solution
Getting the myriad of devices involved in the industrial internet of things provisioned and communicating with one another in a secure way will be one of the great technological challenges facing companies in the coming years. Xage (prounounced Zage) emerged from stealth today with a blockchain-based security solution that could help simplify this. The company also announced that Duncan… Read More
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The price is right! Pace raises £2.5M to automate hotel room pricing based on demand
Pace, a London startup that has developed tech that uses machine learning to let hotels set room prices dynamically based on demand, has raised £2.5 million in seed funding. The financing round is led by InterGlobe, with participation from Seedcamp, Speedinvest, and Amadeus Capital Partners. The company says it will use the new capital to invest in its tech and marketing teams. Read More
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