With the launch of Bixby and reports that Samsung is building its own competitor to Amazon’s Echo, the consumer electronics giant has now made an acquisition that could help power its next generation of voice-powered services. Samsung has acquired Innoetics, a startup out of Greece that has developed text-to-speech and voice-to-speech technology that can, among other things, listen to… Read More
from TechCrunch
Sendence, a new startup based in New York City, announced a $1.5 million seed round today. The company is working on a platform for simplifying deployment of real-time applications. Investors include Boldstart Ventures, Greycroft, Contour Venture Partners, Notation Capital and Resolute Ventures. As company CEO and co-founder Vid Jain sees it, more companies are hiring data scientists to… Read More
from TechCrunch
Allurion, a Boston-based startup offering a non-invasive gastric balloon by swallowing a pill, has gained $27 million in Series C funding from previous investor Romulus Capital, with new participation from Cogepa Investments and IDO Investments, an innovation firm based in Oman. Read More
from TechCrunch
Sales teams have Salesforce. Engineers have GitHub. But designers have always had slim pickings. Abstract, launching today, is a workflow platform and system of record built for designers to solve the debilitating frustrations of the design process. The company is targeting Sketch users out of the gates with a round from Cowboy Ventures in the bank and ambitions to accommodate the whole gamut… Read More
from TechCrunch
Genoox, a startup that wants to make it easier for medical professionals to use genomic data in patient care, has raised $6 million in funding. The capital includes a seed round from Inimiti Capital Partners and a Series A round led by Glilot Capital Partners. Read More
from TechCrunch
Brandless is a new consumer-packaged goods company that is looking to reduce the cost of grocery staples with a direct-to-consumer business model. Led by serial entrepreneurs Tina Sharkey and Ido Leffler, the company is launching with a suite of products priced at $3 each. To fund its launch, the company has raised $50 million from NEA, GV, Redpoint Ventures, Cowboy Ventures and Slow Ventures. Read More
from TechCrunch
Buoyant, a company founded by former Twitter infrastructure engineers William Morgan and Oliver Gould, today announced that it has raised a $10.5 million Series A round. Read More
from TechCrunch
Word spread late last week that data visibility and security startup DataGravity had been acquired. At the time, though, it was unclear by whom. Now we know. It was HyTrust, a company that specializes in securing workloads that run in private and public clouds. The details of the deal were not disclosed. Read More
from TechCrunch
Oh Snap.
The Snapchat parent had a difficult day on the stock market, closing at $16.99. It’s officially fallen below its $17 IPO price for the first time.
This is significant because it means that overall, public investors have lost money on the company since its March IPO. A money-losing reputation can be hard to recover from.
But for employees and pre-IPO investors, not all hope is lost. Read More
from TechCrunch
CompareAsiaGroup, which runs online financial marketplaces in seven Asian countries, has closed a $50 million Series B. The round was led by the International Finance Corporation (IFC), a member of the World Bank Group, and includes capital from new investors Alibaba, SBI Group, and H&Q Utrust. Returning investors like Goldman Sachs Investment Partners, which led CompareAsiaGroup’s… Read More
from TechCrunch