Oct
19
2017
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Data is the name of the game, as Intel Capital puts $60M in 15 startups, $566M in 2017 overall

 Intel Capital, the investment arm of the processor giant, is today announcing its latest tranche of investments, a total of nearly $60 million going in to 15 startups that are working on solving different problems in the bigger area of big data (with a full rundown below). The investments come on the back of a big year for the group: In 2017 so far, Intel says that it’s invested $566… Read More

Oct
19
2017
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Two Google alums just raised $60M to rethink documents

 When you open a Google doc or a spreadsheet, you get a blank spreadsheet and some documentation as to what you can do with it — and that’s pretty much where we’ve been for quite some time. But two MIT graduates, coming in from Microsoft and Google, have built up a team that for the past three years has quietly been trying to rethink how we approach documents. CEO Shishir… Read More

Oct
18
2017
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MongoDB prices its IPO at $24 per share

 MongoDB has finished up what is essentially the final step in going public, pricing its IPO at $24 and raising $192 million in the process. The company will debut on the public markets tomorrow and will once again test the waters for companies that are looking to build full-fledged businesses on the back of open-sourced software. MongoDB provides open-sourced database software that can be… Read More

Oct
17
2017
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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

Oct
11
2017
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ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

 Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup, founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund,… Read More

Oct
11
2017
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NumberAI raises $1.6M to make business landline numbers smarter

 The phone number is probably one of the most important identifying numbers in your life — it’s how people reach out and get in touch with you outside of Facebook, Google, and whatnot. But the landline phone number, especially for small businesses, has basically gone nowhere in years. That’s where NumberAI and Tasso Roumeliotis’ team come in. The company launched to… Read More

Oct
10
2017
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Cap table apps team up as Solium acquires Capshare

 Uber, SpaceX and Stripe rely on Solium to keep track of all their shareholders and stock plans; 10,000 smaller startups turn to Capshare for more streamlined equity software that’s not clumsy like spreadsheets. Now Solium is buying out Capshare and letting it run independently, so together they can handle shareholder management from inception to IPO. Read More

Oct
10
2017
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Petuum secures $93M Series B to push AI into the mainstream

 With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital.
Founded last year by Dr. Eric Xing, a Carnegie Mellon machine learning… Read More

Oct
10
2017
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Standard Cognition gets $5M to build a machine vision-powered checkout

 While image recognition in photos and video has become increasingly sophisticated at an incredible rate, Standard Cognition co-founder Jordan Fisher says everyone is chasing autonomous driving — or, the “shiny object,” as he calls it.
That’s not the aim of Fisher and his team, who set out to start a company that’s focused on streamlining the checkout experience. Read More

Oct
06
2017
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Spiro raises $3M to build CRM tools for businesses that don’t like CRM

Spiro Laptop and iPhone Spiro aims to sell CRM software to businesses that have been avoiding traditional CRM products. CEO Adam Honig told me that he and his co-founders originally set out to build artificial intelligence products that could assist with CRM. But then they started hearing from companies that weren’t using any CRM at all. So the team ended up broadening its approach. Read More

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