Month: November 2017

Michigan-based Altair Engineering is off to the races in its public debut. After pricing shares at $13, the enterprise software company raised $156 million. Then Altair saw its shares soar more than 40 percent to close at $18.31 during the first day of trading. The company, which has been around since 1985, has built “software
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Google has been going all-in on artificial intelligence and machine learning for some time now, and part of that is, of course, nurturing the growing ecosystem around it, from developer tools to startups. Their latest effort, Launchpad Studio, targets one vertical at a time, fostering startups looking to make deep changes to industries lagging behind
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Facebook detailed the extent of Russia’s election interference campaign on Instagram today during its second congressional hearing. Facebook general counsel Colin Stretch said that 120,000 posts by Russian election attackers reached 16 million Americans from October through the election, and the posts reached an additional 4 million Americans prior to October when Facebook has less
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There are venture-backed shoes, razors, and glasses. So why not, toothbrushes? Quip has raised a $10 million round for its dental care business. Sherpa Capital, Blue Scorpion VC and Demi Lovato are amongst the investors who participated. The New York-based startup is “a lot more than just an electric toothbrush,” said Simon Enever, founder and
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InVision, the design collaboration tool based out of New York, has today announced the close of a $100 million Series E funding round. The financing was led by Battery Ventures, with participation from existing investors Accel, Tiger Global Management, FirstMark and ICONIQ Capital, along with new investors Spark Capital and Geodesic. InVision launched back in
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The rumors had it right: Sony is rebooting its robot dog, Aibo, announcing a new four-legged companion AI-powered bot incoming with the same brand name but more rounded corners and visible facial features for extra kawaii, including a pair of expressive, puppy-dog eyes. Deep learning tech, fish-eye cameras and a series of other embedded sensors
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Grab is best known for rivaling Uber in Southeast Asia, but today the company took a major step into becoming a fintech player, too. That’s because the ride-sharing firm, which recently raised $2 billion from SoftBank and China’s Didi Chuxing, rolled out support for its GrabPay service among third-party merchants for the first time today.
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Sunlight, a London startup that offers an employee learning and development platform to let companies offer more bespoke professional development, has picked up £500,000 in seed backing. Leading the round is Speedinvest, with participation from previous backers Seedcamp, and Annection, amongst a number of individuals. Founded in 2016 by brothers Carlos and Juan Lagrange, Sunlight
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