Startups

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Ohpen, a cloud-based ‘core banking provider’, scores €15M Series B at €100M valuation

 Ohpen, a Netherlands-based company that has built cloud-based core banking software, has raised €15 million in Series B funding, which I understand gives it a valuation of €100 million. Private equity firm Amerborgh has led the round, with the new financing pegged for accelerated growth, including expansion to the U.K. where it recently opened an office in London. Read More

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Molotov adds OCS and HBO content just in time for ‘Game of Thrones’ new season

 This deal is a bit convoluted, but the bottom line is that you’ll be able to watch the season 7 of Game of Thrones live or on demand on TV streaming app Molotov. The French startup just signed a deal with OCS, a premium TV package focused on movies and TV shows. Starting today, Molotov users can subscribe for €12 per month and access both live channels and on-demand content.… Read More

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Will Blue Apron’s rebound continue?

 Cooking kit delivery company Blue Apron traded up 3.5% on the stock market Monday, erasing some of the losses from its first two days as a public company. Shares closed at $9.67, which was still beneath last week’s $10 IPO price. This is in contrast to a lot of public debuts, where companies are typically in the green for the first day “pop.” It’s the subsequent days… Read More

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Outside of AI, companies are doing less research and more development

 If you’ve been following the headlines in the world of AI, you might be fooled into thinking that corporations are doubling down, rather than withdrawing, from pure research. But on the ground, things are considerably more complicated — tech companies are spending more on the development part of R&D while relying more on cash strapped universities to move the needle on… Read More

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Automattic’s Matt Mullenweg on facing exclusion in design with actions

 Automattic, MIT Center for Civic Media and my company, The Mash-Up Americans, have been working together to have honest dialogues, build empathy and help make the world a more inclusive and compassionate place with technology and design. So far, we’ve laid out the problem, explored our assumptions, and talked about how we engage with one another online. In this, our… Read More

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Tech veterans set up $100M fund to turn India’s top startups into unicorns

 Two Indian technology veterans have set up a new fund that they hope will help the county churn out world-class, billion-dollar startups. Nandan Nilekani and Sanjeev Aggarwal have come together to launch the Fundamentum Partnership. Initially a $100 million fund — half of which is committed already — the duo told TechCrunch they aim to help cover the funding gap for India’s… Read More

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