Fundings and Exits

Baidu is placing some severe money behind its self-driving automotive push after it introduced a $1.5 billion fund that’s targeted on backing autonomous driving tech firms. The Chinese language big, finest identified for its web search service and AI know-how, has prioritized autonomous automobiles in a significant method in recent times, so this comes as
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Flexport handles the boring logistics of a trillion-dollar enterprise: the transport of transport containers all over the world. As a result of the work of freight forwarding appeared so bland, it was lengthy ignored by the tech world. However digitizing the paperwork let Flexport pace up transport so purchasers hold much less stock available whereas
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Pointy​,​ ​an Irish begin​ ​startup​ ​that​ lets ​native​ ​retailers put their inventory on-line in order that they are often found through engines like google, has raised $6 million in Collection A funding. The spherical is being led by Frontline Ventures, alongside Paul Allen’s Vulcan Capital, Draper Associates and quite a few notable angel buyers. The
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The music trade has been combating the easiest way to handle digital rights and to guarantee that for many years artists get the cash they’re due for the songs they write. Today, there are tons of corporations making an attempt to resolve the issue of managing, monitoring and paying musicians for the songs they make. The
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Logistics and provide chain administration is a notoriously outdated and labor-intensive course of. ClearMetal makes use of synthetic intelligence to assist producers and retailers climb out from beneath piles of spreadsheets. At the moment the San Francisco-based startup introduced that it has raised $9 million in Collection A funding led by Prelude Ventures and Innovation Endeavors,
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HTC is to droop buying and selling of its inventory on the TWSE tomorrow, forward of what it says will probably be the discharge of “materials info” pertaining to its enterprise. The information was reported earlier by the FT.  The transfer has spiked hypothesis a couple of potential sale of HTC’s cell division, with the
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Electrical scooter maker Gogoro has closed an enormous $300 million Collection C spherical to increase its service. The corporate has bought scooters in its native Taiwan since 2015, and it Europe it affords them on a short-term rental foundation. That’s in Berlin, Germany, and Paris, France, the place Gogoro gives a mixed 1,600 scooters for
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Luno, a bitcoin pockets and trade primarily based out of Singapore, is using the crypto wave into Europe after it closed a $9 million Collection B spherical for market growth. The funding was led by new investor Balderton Capital, with participation from current backer Digital Forex Group. South Africa’s AlphaCode — additionally a brand new arrival on
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Menace Stack, the Boston-based safety startup that helps corporations keep protected within the cloud, reeled in a $45 million funding right now. Plainly they’re in the best place in the best time as information of the Equifax breach swirls on mainstream media. The spherical features a massive institutional backer, as fellow Boston agency Constancy Investments
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French startup Younited Credit score is constructing the most important crowdlending platform in continental Europe. The corporate simply raised $47.eight million (€40 million) to launch in new nations, work on new product options and extra. Younited Credit score is presently dwell in France, Spain and Italy as a consumer-facing product. Customers can borrow something between
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Intel’s placing its funding fund the place its mouth is with regards to synthetic intelligence: The chipmaker introduced immediately that it has funneled over $1 billion into AI startups by way of its Intel Capital middle arm. That features collaborating in rounds in firms together with Mighty AI, Information Robotic, Lumiata, AEye and lots of
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SoftBank Group has agreed to be a cornerstone investor within the preliminary public providing of ZhongAn, China’s first online-only insurance coverage company, on the Hong Kong Inventory Change at present. SoftBank Group will purchase a 5 p.c stake within the firm, or about 72 million shares, on the supply value, which is within the vary
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Alex Wilhelm is the editor-in-chief of Crunchbase Information and co-host of Fairness, TechCrunch’s enterprise capital-focused podcast. Extra posts by this contributor: To wrap up our collection of appears into the IPOs of tech’s Huge 5, we flip to Apple. Being the primary of 5 to go public, what can we study from Cupertino’s debut? Apple’s
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In an period the place artwork is shared and streamed free of charge, Patreon presents new hope for turning content material creation right into a profession. Illustrators, comedians, sport makers, and musicians use Patreon to let followers pay a month-to-month subscription price for particular entry to their work. In trade, Patreon takes solely a tiny
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Silicon Valley enterprise agency Social Capital simply accomplished step one in its mission to take startups public with out an IPO. The crew has listed one thing referred to as a particular buy acquisition firm, generally known as a SPAC. Extra widespread exterior of the tech trade, these blank-check corporations are particularly designed to purchase
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Costanoa Ventures has raised a $175 million fund, the third fund for the Palo Alto-based enterprise agency. With a deal with enterprise expertise, Costanoa Ventures sometimes invests at seed stage and Collection A. The brand new fund brings the overall capital for the five-year-old agency to $500 million beneath administration. Founder and managing companion Greg
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To not be outpaced within the related automotive market by different tech giants, as we speak the world’s largest smartphone maker, Samsung, introduced two main items of reports to take its automotive technique up a gear. It has launched the Samsung Automotive Innovation Fund, a $300 million fund to again startups and different fascinating bets
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Buyers might not be completed shoveling cash into Magic Leap’s augmented actuality ambitions fairly but. The Plantation, Florida-based startup is reportedly in talks with Singapore-based Temasek Holdings to increase upwards of $500 million, valuing the AR firm at round $6 billion, Bloomberg experiences. Sources additionally informed Bloomberg that Magic Leap will seemingly start transport units to a
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Going past the bounds of our planet is the long run. Elon Musk needs to take us to the moon and the likes of SoftBank need to use satellites orbiting the world to unravel international connectivity. That explains why Infostellar, a platform that allows antenna sharing to allow higher communication for satellites and spacecrafts, exists — and
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Whereas Tampa Bay residents are starting the method of eradicating the sandbags from their properties and getting again to the enterprise of every day dwelling within the aftermath of Hurricane Irma, town’s multi-millionaire actual property developer, Jeff Vinik, is busy with plans of his personal. Final 12 months, Vinik and Invoice Gates’ Cascadia fund collectively
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Extra particulars about former Sequoia enterprise associate Yinglan Tan’s new fund have emerged after an SEC submitting confirmed that it has raised $25 million for its maiden fund, and it made its first funding. Tan, who was with Sequoia’s Singapore workplace for 5 years earlier than leaving this summer time, is regarded as beginning Insignia
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Zomato, the worldwide restaurant information and meals on-demand service, has made an acquisition to shore up its supply enterprise on residence turf after it accomplished a deal for Runnr. The acquisition has been rumored since Might and is much-anticipated, as Zomato CEO Deepinder Goyal himself acknowledged in an announcement. The all-stock deal was beforehand pegged at $40 million
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