Cisco’s buying machine learning startup Perspica and folding team into AppDynamics
Cisco announced today that it intends to acquire Perspica, a machine learning-driven operations analytics firm that has raised $8.5 million. Cisco intends to fold Perspica’s team into AppDynamics, the company it purchased earlier this year for $3.7 billion. Cisco did not share the Perspica purchase price. All of these machinations have a purpose. Cisco is of course at its heart a… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/HbmCUhT77m4/
Feather raises $3.5M to rent furniture to millennials
The furniture rental industry is stuck in the last. Current options involve old-school companies like CORT where most of the inventory will make your apartment look like a dorm room, or a place like Rent-A-Center where you’ll almost certainly pay many times what the item is actually worth. Enter Feather, a company trying to breathe some life into the aging industry by letting… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/60Zmiz_aOxU/
Swedish lock giant Assa Abloy acquires smart lock maker August Home
The smart home market continues to heat up, and the legacy giants do not want to get locked out: quite literally. This morning, Assa Abloy, the $23 billion Swedish lock giant that owns Yale and many other brands — announced that it is buying US-based smart lock maker August Home to double down on new technology. Terms of the deal are not being disclosed but we have asked both August… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/J7aAhrLoqyk/
Hiya, a Whitepages spinout, nabs $18M to for its smart caller ID technology
Hiya came to life a year ago when it was spun out by Whitepages to take on TrueCaller and others in the world of smart caller ID services. Using machine learning analytics on a vast database of calling data (3.5 billion calls to date), Seattle-based Hiya’s mission has been to supercharge the humble phone call — by providing detailed information about who is calling you, whether… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/i_bt8cYVGBo/
European house removals platform Movinga raises up to another €22M
Movinga, the European platform for house removals that was seemingly written off last year, continues to perform what appears to be an impressive turn around. The Berlin-headquartered startup has closed a new funding round of up to €22 million led by Santo Venture Capital, the venture arm of the Strüngmann family office, with participation from existing backers Earlybird Venture Capital… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/uUwgc6UTqm4/
Dropit runs live auctions on stadium scoreboards that fans bid on from the stands
There’s no doubt that our collective mobile device addictions are hurting real-world engagement for advertisers. This is especially true in professional sports stadiums, where looking down at your phone means you’re not paying attention to announcements, advertisements, and sometimes even the live game. One New Zealand-based startup think they have an answer to this problem. Dropit… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/_NLwAyZP2TM/
Despite a continuing economic crisis, Brazil’s technology startups are continuing to attract cash and financing, with the mobile personal financial service GuiaBolso raising $39 million in fresh funding. Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled into one. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/r5MCUqU8NVQ/
Duo Security raises $70 million at a valuation north of $1 billion
Duo Security today announced its Series D funding that puts the company in unicorn territory. The company raised $70 million led by Meritech Capital Partners and Lead Edge Capital at a valuation of $1.17 billion. This funding round brings the company’s total amount raised to $119 million.
This round included new investors, Index Ventures and Workday, that latter of which joins as a… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/WHaiDSjhCS8/
High-end Brazilian job recruitment marketplace Revelo raises $4.6 million
Revelo, a job marketplace that puts the responsibility on companies to contact candidates, has raised $4.6 million in its latest financing. The company, unlike traditional job boards, puts high-end, high-profile Brazilian job seekers at the center of the search, and makes companies reach out to them. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/zSm8hGCE_lU/
BuddyGuard raises €3.4M for its home security camera powered by AI
BuddyGuard, the Berlin startup behind the Flare AI-powered home security camera, has raised €3.4 million in new funding, money it plans to use to ramp up marketing of the newly-launched device. Leading the round is German electrical specialist Bachmann Group, with participation from over 20 unnamed angel investors across Europe. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/B0TM9UWprGw/
Genetic testing startup Prenetics gets $40M from investors, including Alibaba’s Hong Kong fund
Prenetics, a genetic testing startup, plans to expand into more Asian countries after raising a $40 million Series B led by Beyond Ventures and Alibaba Hong Kong Entrepreneurs Fund. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/7Tqj_6pcfjw/
Barry Diller takes shots at VCs, startup valuations
Media mogul and IAC chairman Barry Diller had some choice words for venture capitalists when he took the stage at WSJ D.Live in Laguna Beach on Tuesday. “These valuations don’t bear reality,” said Diller, speaking about the high multiples that some startups are generating. “They’re truly made up.” Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/0ol2cBDMUhE/
Magic Leap confirms $502 million Series D round
Mixed reality slash augmented reality startup Magic Leap announced today that it raised a $502 million Series D round led by Temasek with participation from EDBI, Grupo Globo, Janus Henderson, Alibaba Group, Fidelity Management and others. Just last week, a Delaware filing confirmed that Magic Leap authorized up to $1 billion in new shares. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/UPJ46llNJsk/
One of the leading environmentalists among Hollywood’s leading men, Leonardo DiCaprio, has added his name to the list of backers for the beef-less, veggie burger maker, Beyond Meat. “I am thrilled to officially welcome Leonardo DiCaprio to the Beyond Meat family,” said Ethan Brown, the chief executive of Beyond Meat, in a statement. “His investment and role as an… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/bKxneC1R1f8/
Credit giant Experian leads $30M investment in India’s BankBazaar
Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. BankBazaar seems to have a penchant for big name backers. Amazon led its $60 million Series C funding in 2015 while Experian is the main investor behind this Series D raise. The company didn’t specific the… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/pg30v9Xf_tA/
Feedzai closes $50M Series C to help banks and merchants identify fraud with AI
Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and merchants spot payment fraud. In today’s rapidly maturing world of fintech, Feedzai is trying to thread the needle between turnkey solution and customizable platform. With 60 clients… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/1hBp3fLk7gw/
Spotahome raises €13.6M to let you view and book mid to long-term accommodation online
Spotahome, a Madrid-based startup that lets you view and book mid to long-term accommodation online, has closed €13.6 million in Series A backing. This brings the total raised to €20.7 million since the ‘proptech’ company was founded in 2014. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/q7eEQ1Yrjvk/
Facebook acquires anonymous teen compliment app tbh, will let it run
Facebook wants tbh to be its next Instagram. Today, Facebook announced it’s acquiring positivity-focused polling startup tbh and will allow it to operate somewhat independently with its own brand. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/yGNFK-7C4D8/
MIT’s The Engine wants to fuel bold tech ideas in Boston
Boston and its surrounding universities are jam-packed with big ideas, but the problem is that many of them never get out of the lab. MIT president Rafael Reif recognized this and decided the city needed an engine to push those ideas and The Engine — part venture capital firm, part business incubator — was born. When smart people are working on hard problems inside a lab, they… Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/y2o_9ldqyQo/
LimeBike raises $50M to further its bike-sharing ambitions
LimeBike, one of several companies competing in the rapidly expanding bike-sharing space, has raised a $50 million C round to continue building out the operation. The company is also looking into ways to differentiate itself from the competition — including the two 900-pound Chinese gorillas in the industry, Ofo and Mobike. Read More Source: http://feedproxy.google.com/~r/techcrunch/fundings-exits/~3/igmB6lc2amk/ Source: https://techcrunch.com/
