Chip, the chatbot app that plugs into your bank account and lets you automatically save for a rainy day, has raised nearly £1.1 million on equity crowdfunding platform Crowdcube. The fund raise, which is part of a larger £2.4 million funding round, forms part of plans for the London-based startup to apply for a banking license so that it has more flexibility regarding the kinds of products… Read More
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Ooma, the company that’s probably still best known for its VoIP platform, today announced that it has acquired Butterfleye, an AI-powered video camera and security platform that produces a smart security camera for home and business use. Ooma plans to integrate Butterfleye’s camera into its Ooma Home security solution, but the company will also continue to sell the camera under… Read More
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Raisin, the savings deposit marketplace that lets you shop for a better interest rate across Europe, has picked up backing from PayPal. Described as a “strategic investment,” the new funding round remains undisclosed. Read More
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Dock-less bike rental company Mobike is teaming up with messaging app firm Line to boost its presence in Japan. Line, which is Japan’s most popular messaging app with 71 million users in the country, is making an undisclosed investment in Mobike Japan, the Chinese firm’s entity in the country. The deal will see the Mobike service integrated into the Line app the same way that it… Read More
from TechCrunch
Biotech is one of today’s many hot tech frontiers, but one thing holding it back is that it’s significantly less amenable to traditional computing techniques than other areas. A new startup is working on bridging the gap between the digital and the biological by creating a set of computer-aided biology design tools. It’s a prescient enough idea that it has attracted $4.5… Read More
from TechCrunch
Stitch Fix’s first earnings report is not going well for the company, as its shares went into a tailspin after a significant run up over the past month following its IPO when it delivered its results its most recent fiscal quarter.
Stitch Fix, a personalized apparel company that ships a box of recommended items that users can buy or send back, closed up just 1% on its first day of… Read More
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Convercent, a company that provides ethics and compliance software to businesses, today announced that it has raised a $25 million funding round led by Rho Ventures. Additional investors include Sapphire Ventures and Tola Capital. The idea behind Convercent is to give businesses the tools to, in MBA-speak, “operationalize ethics.” Read More
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If you go to any company’s website these days, you’re probably starting to see some chat functionality more and more often — and for good reason, as it’s a quick way for those companies to get in touch with their potential customers. And Sendbird, which launched in February this year out of Y Combinator, has tried to quietly begin eating up this space by giving… Read More
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SoftBank’s Vision Fund has finally made a good tech investment around real estate. After investing $4.4 billion in what is essentially a bespoke office space rental business (WeWork) and another $450 million in Zillow for rich people (Compass), the gargantuan Japanese tech investor is leading a $120 million round of funding for Lemonade, a startup providing renters and homeowners insurance. Read More
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Dgraph is an increasingly popular open-source distributed graph database that uses a version of Facebook’s GraphQL as its default query language. Today, the company announced that it has raised $3 million in funding from (this includes a $1.1 million seed round raised last year). In addition, the company announced that its flagship database has hit the 1.0 stage. Read More
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