Fundings & Exits
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DefinedCrowd is teaching machines to better understand the complexities of language
What DefinedCrowd offers isn’t particularly easily to distill into a quick elevator pitch. Taking the stage today as part of the Disrupt New York Battlefield, the Washington state-based company deals in complex concepts of machine learning, providing rich data sets for speech and natural language processing systems. Read More
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Nexla launches data operations platform with $3.5 million investment
Nexla, a competitor in the TechCrunch Disrupt Battlefield this week in New York City, has more on its plate than simply impressing the judges. It also chose to launch at the event and, while it was at it, announced $3.5 million in funding led by Blumberg Capital with participation from Storm Ventures, Engineering Capital and Correlation Ventures. Read More
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Symphony, a messaging app backed by Wall St, gets $63M at a $1B+ valuation
Symphony, a secure messaging app that counts 15 of the world’s biggest banks among its investors and 200,000 paying customers, has raised a new tranche of funding to fuel its expansion into new markets. Symphony has closed in on $63 million; and according to sources close to the company, the startup is now valued at over $1 billion — confirming our reporting from December. Read More
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Razer raises $50-100M from Horizons Ventures, inks phone JV with Three
Razer, the gaming company that acquired the Robin smartphone maker Nextbit earlier this year, is now opening the curtains on the next steps to make a deeper move into the mobile space. Razer has announced a strategic partnership with Three, the Hong Kong-based mobile phone carrier owned by Hutchison Whampoa. Read More
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VCs see fertile ground in agtech
Agriculture startups that raised seed rounds in recent years are blossoming into businesses sought after by later-stage investors. Investment in the agtech space is up sharply this year, driven by a spike of rounds at Series B and later stages, according to Crunchbase data. Altogether, agtech startups raised more than $320 million in 2017 so far. Read More
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Our favorite startups from 500 Startups’ 20th class
41 startups graced the stage at 500 Startups’ 20th demo day at the Parc55 hotel in downtown San Francisco. The event came complete with mascots, a summer of love theme and a diverse array of early-stage companies.
This time around, 500 focused in heavily on health startups. A number of the founders demoing presented businesses in the interest of the public good —… Read More
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On-demand delivery startup Jinn locates $10M in further funding
London-headquartered Jinn, the same-hour ‘shop on your behalf’ delivery app that currently operates in the U.K. and Spain, has raised $10 million in further funding. It brings total raised by the company to a modest $20 million in comparison to other players in the on-demand delivery space. Read More
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DeepGraph feeds enterprise sales teams with hyper-targeted warm leads
The best way to grow sales is to better understand sales, but unfortunately that’s often easier said than done. Kemvi, a seed-stage startup, is launching out of stealth today to announce DeepGraph, which helps sales teams reach the right potential customers at the right time. The company has closed north of $1 million in seed financing from Seabed VC, Neotribe Ventures, Kepha… Read More
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Tencent doubles down on game studio Pocket Gems with $90M investment
Chinese internet Tencent has continued its recent investment spree after it backed U.S.-based game studio Pocket Gems to the tune of $90 million. Tencent invested in Pocket Gems back in 2015, when it put in a reported $60 million for a 20 percent stake. This time around the Wall Street Journal reported the investment as $90 million, which TechCrunch has confirmed independently. That deal,… Read More
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Truepic fights photo fraud on apps like Tinder and Airbnb
“Is that what they really look like?” “Did they Photoshop the pics of the house we’re renting?” “Is this actually what I’m buying or just a photo ripped off the Internet?” These are the questions Truepic wants to answer with the startup’s photo verification technology. Today Truepic unveils its SDK for embedding its tech in other products… Read More
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