Fundings & Exits
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Ford invests $1 billion in Pittsburgh-based Argo AI to build self-driving cars by 2021
Ford has invested $1 billion in a joint venture with Argo AI, a Pittsburgh-based company with ties to Carnegie Mellon. The goal is to completely outfit Ford vehicles with self-driving technology. Interestingly this isn’t a case of a large company simply hiring talent but the creation of an entirely separate company with an independent equity structure.
Ford is the “majority… Read More
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App platform company MuleSoft files for IPO
MuleSoft is the latest “unicorn” to file for an IPO. The company, which helps businesses like Netflix and Spotify with their APIs, has unveiled its financials to the public in an S-1 filing, suggesting that they are targeting a debut as soon as March. The size of the proposed IPO is $100 million, but that is subject to change. In the filing we see that MuleSoft had $187.7… Read More
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Southeast Asia’s Playlab invests $1M in Brazilian gaming startup Cupcake Entertainment
Thailand-based casual game studio Playlab has turned investor after it invested $1 million into Cupcake Entertainment, a Brazil-based game maker. Why Snap would lowball its IPO valuation
The short answer for why Snap lowballed its initial valuation for its initial public offering is that it probably won’t be that low for long. Normally these prices are set by expectations the underwriters and executives can divine from their conversations with Wall Street. It’s essentially a matching game — how does Snap and its underwriters figure out where to price the… Read More
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With $3.6M in fresh funding, YotaScale optimizes cloud computing for enterprises
YotaScale, a graduate of Alchemist’s enterprise accelerator, is announcing a $3.6 million venture round today from Engineering Capital, Pelion Ventures and angels Jocelyn Goldfein, Timothy Chou and Robert Dykes. The startup employs machine learning to help balance performance, availability and cost for enterprise cloud computing. Competitors CloudHealth Technologies and Cloudability… Read More
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Cervin Ventures unveils new $56M fund aimed at the future of the enterprise stack
Cervin Ventures, under the direction of Preetish Nijhawan and Neeraj Gupta, is announcing its latest $56 million fund. Built on the success of previous angel and micro-venture portfolios, Cervin is targeting seed-stage startups across the enterprise stack — running the full gamut of infrastructure, data and software. Both Nijhawan and Gupta come from operational roles. Preetish… Read More
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Our favorite startups from 500 Startups’ 19th class
Deep in the Valley this afternoon, 500 Startups’ 19th demo day drew to a close at the Computer History Museum. Business-to-business software, fashion and beauty products made up the largest proportion of companies, but 500 left room for a few outliers. It’s tough for anyone to say who the next Twilio will be, but it just might be hidden somewhere in the 40 companies that… Read More
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Ozobot raises $3 million for toys that teach kids coding basics off-screen
There are many toys on the market today that promise to teach kids programming skills, and a good percentage require the use of a connected tablet or smartphone. At a time when parents are already struggling to keep kids’ screen time to a minimum, father and entrepreneur Nader Hamda wanted to build something different. He also observed a lot of expensive educational toys on the market,… Read More
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Gamalon leverages the work of an 18th century reverend to organize unstructured enterprise data
It’s hard to fathom that the work of Reverend Thomas Bayes is still coming back to drive cutting edge advancements in AI, but that’s exactly what’s happening. DARPA-backed Gamalon is the latest carrier of the Bayesian baton, launching today with a solution to help enterprises better manage their gnarly unstructured data. The world of enterprise is full of… Read More
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Tim Draper is backing Indian startups again with Blume Ventures alliance
An early stage fund that’s becoming a major player in India’s burgeoning tech scene, Blume Ventures, has joined the Draper Venture Network, the investors announced on Monday. Members of the DVN collaborate on investments, share business intelligence and syndicate their deals to firms in Silicon Valley, with portfolio services provided by a local team there.
DVN claims that… Read More
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