Fundings & Exits
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ROSS Intelligence lands $8.7M Series A to speed up legal research with AI
Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund, Y Combinator Continuity Fund, Real Ventures, Dentons’ NextLaw Labs and angels. Read More
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Cap table apps team up as Solium acquires Capshare
Uber, SpaceX and Stripe rely on Solium to keep track of all their shareholders and stock plans; 10,000 smaller startups turn to Capshare for more streamlined equity software that’s not clumsy like spreadsheets. Now Solium is buying out Capshare and letting it run independently, so together they can handle shareholder management from inception to IPO. Read More
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Petuum secures $93M Series B to push AI into the mainstream
With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital.
Founded last year by Dr. Eric Xing, a Carnegie Mellon machine learning… Read More
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Google acquires Relay Media to convert ordinary web pages to AMP pages
AMP — Google’s collaborative project to speed up the loading time for mobile web pages — is getting an interesting acceleration of its own today. Relay Media, a company founded by an ex-Googler that had developed technology to help covert web pages to the AMP format, has been acquired by Google. Read More
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Should VCs be investing in beauty brands?
In the last two years, Unilever acquired Carver Korea for $2.7 billion. Estee Lauder purchased Too Faced Cosmetics for $1.45 billion. CVC Capital Brands bought PDC Brands for $1.43 billion. L’Oreal purchased a trio of skincare brands for $1.3 billion, and also IT Cosmetics for $1.2 billion. E.l.f. Beauty did an IPO.
Venture capitalists didn’t invest in any of these beauty… Read More
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Flexport’s epic plan to build a freight empire with its $110M raise
“We’re actually out here trying to create value, not just give venture capital money away” says Flexport CEO Ryan Petersen. “It’s counterintuitive. The more the business works, the more cash it needs.” That’s because Flexport doesn’t ship bits, it ships atoms. Lots of them. Flexport is a freight forwarding logistics network. If you produce a… Read More
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Butterfly nabs $2.4M seed round to improve managers with targeted tips
One of life’s puzzles that eludes me most is how a person could enjoy corporate trainings enough to spend their time designing and running them. Perhaps only with disdain for the status quo can a startup create something that people not only don’t hate, but find helpful. The idea for Butterfly originated from poor experiences the founders had when receiving leadership training. Read More
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Meal kit startup Gobble has raised $15 million in Series B financing from Khosla
Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital. Gobble came out of Y Combinator in 2015, around the same time many DIY meal kit services started to falter. For a while,… Read More
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Cardiologs raises $6.4M to bring image recognition to EKG analysis
You’ll find image recognition technology in almost every kind of consumer service you would use today — like Facebook, Google, or any number of other apps — but Yann Fleureau is hoping that he can build a whole business off of its increasing success in healthcare.
Fleureau hopes that his startup, Cardiologs, can use image recognition to analyze an EKG and detect potential… Read More
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Secret Escapes, the members-only travel club offering discounted rates on luxury hand-picked hotels and holidays, is closing in on Series D funding. According to sources, the London-headquartered company is on the verge of announcing a £50 million plus funding round.