H20.AI started almost 6 years ago with a mission to simplify and democratize artificial intelligence. Today the company announced a $40M Series C round. Nvidia and Wells Fargo led the round with participation from New York Life, Crane Venture Partners, Nexus Venture Partners and Transamerica Ventures. Today’s investment brings the total raised so far to $75 million. The last round was… Read More
from TechCrunch
A company that is seizing the opportunity to provide predictive analytics to the industrial world — regardless of whether a business has made the (often costly) transition to internet-of-things “smart” systems — is today announcing that it has raised a significant round of growth funding to double down on the opportunity. Uptake, a SaaS startup that uses machine learning… Read More
from TechCrunch
Fractyl Labs, a Lexington, Massachusetts-based startup developing treatments for diabetes, has raised $44 million in Series D financing from a slew of VC firms, including GV, True Ventures, the IDO Fund, General Catalyst, Bessemer Venture Partners, Domain Associates, Mithril Capital Management, Emergent Medical Partners, L.P., and Deerfield Management Company, L.P. Fractyl has been working on… Read More
from TechCrunch
Arianna Huffington wants you to work smarter, not harder. She believes a corporate mentality that rewards burning the midnight oil is actually reducing productivity, by causing burnout. Lack of sleep could be costing the U.S. economy $411 billion per year, it turns out. So last year, the HuffPost founder and Uber board member, launched Thrive Global, a startup dedicated to reducing stress… Read More
from TechCrunch
In what appears to be a first, at least in the U.K., InsurTech Gateway is an FCA-authorised insurance broker in its own right. This, it reckons, should dramatically cut down the time it takes for the startups it backs to launch new and innovative products. Read More
from TechCrunch
Uber has given its shareholders an update on the company’s performance and it’s definitely in the red. The global ridesharing company lost $1.46 billion in just the third quarter. This compares to negative $1.06 billion in the previous quarter. But net revenue also went up from $1.66 billion to $2.01 billion. Gross bookings grew to $9.71 billion, versus the $8.74 billion in the… Read More
from TechCrunch
SoftBank Group has confirmed that it has found sellers for the tender offer for Uber’s shares, which was launched tonight. These are the shares from existing shareholders that will be sold at more than a 30% discount to Uber’s last private round.
The Japanese investment firm provided us with the following statement.
“SoftBank and Dragoneer have received indications from… Read More
from TechCrunch
It’s not just SoftBank and Dragoneer that are looking to buy Uber shares from the employees and other shareholders when the tender offer launches, likely later today. Sources tell us that Sequoia Capital is looking to increase its stake in Uber this way. The other investors on the list include Tencent and TPG. Read More
from TechCrunch
Just in time for the holiday season, a group of prominent Los Angeles entertainment and technology executives have come together to back the new startup, Enjoius, which aims to make it easier for hosts to plan their perfect party. Read More
from TechCrunch
InstaCarro, a Brazilian-based marketplace for buying and selling used cars, has raised a whopping $22 million in its first institutional round of venture financing. One of the largest early-stage investments for a Brazilian startup, the new financing will be used for product development and international expansion. Read More
from TechCrunch