This time the Berlin-based company builder (to use the preferred terminology) is investing and betting on the underlying regulatory and financial technology infrastructure — the picks ‘n’ shovels, if you will — in the form of solarisBank, a fully-licensed digital bank designed to power an array of fintech services. Read More
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Alooma, an Israeli startup that helps companies process and work with big data in real time delivered as a cloud service, announced an $11.2 million Series A round today led by Lightspeed Venture Partners and Sequoia Capital. The product focuses on the people working with data like data scientists and and users with advanced degrees in mathematics and machine learning, rather than… Read More
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Prototyping suite InVision just announced they are acquiring Silver Flows, a tool that lets developers prototype directly inside Sketch. The acquisition comes just a few months after InVision acquired the code-based design tool Macaw, and is the company’s fourth acquisition to date. Silver Flows, which is currently in private beta, removes the hassle of designing in Sketch then… Read More
from TechCrunch
Cainiao, a three-year-old Alibaba-backed company specializing in logistics, has confirmed its maiden external funding round from Temasek Holdings and GIC in Singapore, Malaysia’s Khazanah Nasional and China-based Primavera Capital. Read More
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Marley Spoon, the cook-at-home food delivery service that competes with the likes of Gousto, Blue Apron, Plated, and Rocket Internet’s HelloFresh, has closed $17 million in Series B funding. Read More
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Future Finance — a startup based out of Dublin that provides loans to students using big data algorithms to asses their credit-worthiness — is today announcing a large round of funding of its own to build its business out in Europe. The company has raised £119 million ($171 million) — £19 million in equity and £100 million towards future loans made through the… Read More
from TechCrunch
After years of raising hundreds of millions of dollars to tap into the burgeoning e-commerce market in India, one of the country’s biggest tech companies is facing a markdown in its valuation as it aims to pick up yet more investment. TechCrunch has learned from sources that Flipkart is looking to raise up to $1 billion in funding to grow its business and shore up against competition… Read More
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Icertis, which develops cloud-based software that helps large companies manage contracts, has raised a $15 million Series B led by Ignition Partners. Read More
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Julie Desk, the French startup that’s developed a ‘virtual assistant’ to automate the email back-and-forth typically associated with scheduling meetings and appointments, has picked up a further €600,000 in funding. Read More
from TechCrunch
Cisco announced it has purchased Synata, a search startup that allows users to search across on-premise or cloud repositories simultaneously. Cisco plans to integrate the Synata technology into its Spark communications platform (which should not to be confused with Apache Spark). While Cisco usually reveals purchase prices, for some reason it chose to keep this one to itself.… Read More
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