London and Copenhagen-based fintech startup Pleo, which offers a card and app to manage company expenses, has closed an additional $3.25 million in funding. The round was led by European VC firm Creandum, with participation from pre-seed and seed investor Seedcamp, and previous backer Founders. Read More
from TechCrunch
It’s hard to fathom that the work of Reverend Thomas Bayes is still coming back to drive cutting edge advancements in AI, but that’s exactly what’s happening. DARPA-backed Gamalon is the latest carrier of the Bayesian baton, launching today with a solution to help enterprises better manage their gnarly unstructured data.
The world of enterprise is full of unstructured data. Read More
from TechCrunch
Japan’s SoftBank has made another acquisition to widen both its business strategy and its portfolio of investments. Today the company announced it would pay $3.3 billion in cash to acquire the Fortress Investment Group, an asset manager and investor in its own right, with significant holdings in Lyft, ZestFinance, Xapo, Jawbone and other tech companies. This is SoftBank’s… Read More
from TechCrunch
PayPal has agreed to buy bill payment management company TIO Networks for $233 million in cash. The deal will allow PayPal to gain access to a market of customers who pay their utility and cable bills at kiosks in locations like Rite Aid. This will help the company reach the “underserved” chunk of North Americans who are living paycheck-to-paycheck. “There’s a chance… Read More
from TechCrunch
There’s nothing quite like the atmosphere of a college hackathon. Amidst the free t-shirts and apps to help you find parties on campus always lie a few hidden gems for those with the patience to hunt. ThirdEye, one of those gems forged out of PennApps, UPenn’s hackathon, is being acquired today by TheBlindGuide for an undisclosed sum. Started by three current Penn… Read More
from TechCrunch
Entoro Group today announced that it has acquired OfferBoard, a company that removes barriers from the process of raising capital. OfferBoard isn’t Angellist nor FundersClub. It’s a platform designed to make crowd funding work for growth capital. But instead of tech startups, the company supports general solicitation for multimillion dollar financing projects in spaces like… Read More
from TechCrunch
An early stage fund that’s becoming a major player in India’s burgeoning tech scene, Blume Ventures, has joined the Draper Venture Network, the investors announced on Monday. Members of the DVN collaborate on investments, share business intelligence and syndicate their deals to firms in Silicon Valley, with portfolio services provided by a local team there.
DVN claims that… Read More
from TechCrunch
For the celebrity-obsessed, AR may offer the bizarre opportunity to get closer than ever to pop culture’s most recognizable stars and performers. For the last several years, 8i has been embracing a technology called volumetric capture that trains several cameras on a figure and stitches the feeds together to create a three-dimensional model that can seamlessly be placed in any environment. Read More
from TechCrunch
For better or worse, drones are about to become a lot more prevalent in US airspace. The FAA expects sales of drones to spike domestically from 2.5 million last year to 7 million by 2020. Now, a startup that detects drones and helps prevent unwanted aerial intrusions, Dedrone, has closed a $15 million Series B round of venture funding.
Investors in San Francisco-based Dedrone included Cisco… Read More
from TechCrunch
We tried out a prototype of Nura’s custom headphones over the summer and liked what we heard. Apparently we weren’t alone in that, as the Australian startup scored a massive $1.8 million on Kickstarter soon after – doubly impressive when you consider that, for those who didn’t get a chance to try the things on, backing the project was a bit of a crapshoot. Apparently… Read More
from TechCrunch