ClearMotion, a company that’s building an alternative chassis for vehicle makers which replaces traditional physical shock absorbers with digital, software-driven adaptive actuators, has readied $100 million in a Series C round, led by a group of clients advised by J.P. Morgan’s asset management wing and with participation from NEA, Qualcomm Ventures and more. The company claims… Read More
from TechCrunch
Online lending firm SoFi announced today that it has acquired Zenbanx, a startup that offers up banking, debit, payments and money transfer services to users online and through a mobile app. The combination of the two will allow SoFi to move deeper into the financial lives of its customers. While today it focuses on student loan refinancing, mortgages and personal loans, integrating… Read More
from TechCrunch
DigitalBridge is a U.K. startup based in Manchester and backed by John Lewis via the 150 year-old apartment store’s accelerator. The company is taking a different and, on the surface at least, simpler approach to letting you “try on” home décor products before purchasing. Read More
from TechCrunch
Popular video app Flipagram is getting acquired by Chinese company Toutiao for an undisclosed amount. Flipagram was once a social media darling but the startup has been quiet recently. Flipagram will remain an independent product for the time being and the team will stay in its own office in the U.S. Recode first reported that Flipagram was looking for a buyer. Flipagram had raised a big… Read More
from TechCrunch
Seoul-based startup AIM has closed $1.6 million in seed funding to bring its artificial intelligence-powered app for financial investments to market in Korea, and potentially other parts of Asia. The fintech company has developed a system which works alongside existing investment institutions to allow users in Korea to make trades and investments via their smartphone. So rather than a… Read More
from TechCrunch
ForesScout has filed confidentially for an IPO, TechCrunch has confirmed. The security company has submitted its S-1 and will be unveiling it to the public closer to its debut. The IPO is likely to happen in the next few months, with an exact date yet-to-be-determined. The JOBS Act from 2012 made it so that the companies could work on revisions to their filings without public scrutiny. It… Read More
from TechCrunch
Online real estate service Knock is finishing up a $32 million Series A round led by RRE Ventures. The new company, founded by former Trulia executives, promises to handle the details of home sales in exchange for the traditional six percent commissions. Unlike legacy sellers, though, Knock promises you market-rate returns on your house in advance. And if, for whatever reason, your… Read More
from TechCrunch
UK property listings site Zoopla is splashing out £120 million in cash (~$150M) on a big purchase of its own — announcing its intention today to acquire real estate analytics firm Hometrack as it looks to expand its data and analytics services. Read More
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The American Civil Liberties Union will learn how to turn the $24 million it raised over the weekend into growth and progress with help from top Silicon Valley startup accelerator Y Combinator. The ACLU will be part of the winter batch of companies in YC, where it will receive mentorship, a network of powerful connections in tech and a chance to present itself to investors on Demo Day.
Y… Read More
from TechCrunch
Qvivr, a Silicon Valley-based FinTech startup originally known for building the SWYP programmable credit card, has raised $5M in Series A funding. The funding was led by Khosla Ventures, with participation from a large multinational Asian bank. The startup was founded in 2014 and originally launched with a pre-order campaign for a hardware product that would let users program all of their… Read More
from TechCrunch