Fundings & Exits
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After raising $70M, Betterment expands financial advice to all users
On the heels of announcing a fresh $70 million in funding led by Swedish investment firm Kinnevik AB, Betterment is launching a new messaging feature that will allow users to ask questions and get answers from its team of financial advisors. Visa makes strategic investment in card processing startup Marqeta
Since 2010, Marqeta has quietly established itself as the underlying tech provider for businesses that are looking to issue virtual and physical debit and credit cards to employees, partners and customers alike. As it looks to expand internationally and sign up customers around the globe, the company has taken $25 million in strategic investment from payments heavyweight Visa. Read More
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Vicarious gets another $50 million to expand its research team and build smarter robots
Elon Musk and Mark Zuckerberg might not be able to agree about much when it comes to AI these days, but the pair do seem to see the same potential in Vicarious, a startup applying unsupervised learning techniques to robots. Musk and Zuckerberg were two of the early backers of Vicarious. The startup announced that it raised an additional $50 million in financing this morning (via… Read More
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Momenta raises $46M Series B for its self-driving car software
Beijing-based Momenta announced this morning that it raised a $46 million Series B round led by NIO Capital. Momenta produces self-driving car software that applies deep learning to mapping, path planning and object recognition problems. Shunwei Capital, Sinovation Ventures, Unity Ventures and Daimler also participated in the round. Quite a few U.S. startups are trying to create… Read More
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SEC regulators are coming after ICOs
It looks like ICOs, shorthand for initial coin offerings, are about to undergo a lot more scrutiny.
The SEC has concluded that the digital currency financing events will be regulated as securities, meaning unregistered offerings could be subject to criminal punishment. The decision was announced on Tuesday.
To reach its findings, regulators evaluated an offering facilitated by “The… Read More
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$47 billion has been invested into ridesharing startups — here are 10 other things that money could buy
When the ridesharing industry emerged in 2007, few would have believed it would grow into the cash-eating behemoth it is today. Dozens of companies, in hundreds of markets, have garnered just over $47 billion in equity and debt investment. To put that into perspective, we’ve put together a list of 10 things you could have bought instead. Read More
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Sage Group buys Intacct accounting software for $850M
British enterprise software company Sage Group has agreed to purchase Intacct, a 19-year-old accounting software company, for $850 million, the companies announced today. A cash and stock transaction, the deal aims to help build out Sage’s cloud financial management offerings. Read More
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Facebook acquires Source3 to get content creators paid
Facebook is on the cusp of a big push to lure independent content creators to share their art through the News Feed. But it needs to prove it can help creators monetize their content without allowing piracy to run rampant. That’s why it’s acquired content rights management startup Source3, including its team and technology. Read More
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BentoBox, the website builder for restauranteurs, cooks up $4.8M Series A
Restaurant owners have a lot of responsibilities and a wide array of skills to handle those responsibilities. That said, building a website isn’t usually within that skill-set. That’s where BentoBox comes in. The company, which helps restaurant owners quickly build full-featured websites for their restaurants, has just closed a $4.8 million Series A funding round. The round was led… Read More
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Drones are a threat to both military and public safety, whether flown by a terrorist or just a reckless pilot. SkySafe’s radio wave technology can detect and stop rogue drones from entering unauthorized areas like military bases, stadiums, prisons and airports.