Mavenoid, a startup founded in Stockholm that helps companies scale tech-focused product support via an AI-powered chatbot, has raised $8 million in Series A funding. The round is led by Mosaic Ventures, alongside Creandum and Point Nine Capital. The company says the new capital will be used to invest further in product development and to …
Mavenoid raises $8M Series A to apply AI to technical product support Read More »
Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European presence and a flagship product that lets shoppers buy now and pay later in interest-free instalments (typically 14 or …
Alipay owner Ant Financial takes minority stake in Klarna Read More »
India’s Supreme Court on Wednesday struck down central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict. The Reserve Bank of India had imposed a ban on cryptocurrency trading in April 2018 that barred banks and other financial institutions from facilitating “any service in relation to virtual …
French startup Colonies has raised a $34 million funding round (€30 million). In addition to that, LBO France is committing to spend $168 million (€150 million) in real estate projects over the next couple of years. Those new buildings will eventually be managed by Colonies. Idinvest Partners, Global Founders Capital and La Financière Saint James …
Co-living European startup Colonies raises $34 million Read More »
In a newly narrowed four-way contest, Super Tuesday’s broad delegate pool enticed Democratic primary contenders with race’s biggest prizes yet. Fourteen states voted in Tuesday’s primaries, with the key states of Texas and California alone accounting for a combined 643 delegates. Former Vice President Joe Biden notched important wins early in the evening, taking Virginia …
Biden stages a Super Tuesday comeback as Sanders fights for the rest in the West Read More »
Mark Zuckerberg has outlined some of the steps that Facebook and his family’s non-profit, the Chan Zuckerberg Initiative, are taking to respond to the spread of both the novel coronavirus known as COVID-19 and viral misinformation about the illness, in a statement posted earlier this evening. Facebook’s response focuses on three areas: providing accurate information; …
It wasn’t the leap year, a coding blip, or a hack that caused Robinhood’s massive outages yesterday and today that left customers unable to trade stocks. Instead, the co-CEOs write that “the cause of the outage was stress on our infrastructure — which struggled with unprecedented load. That in turn led to a “thundering herd” effect …
Robinhood offers $15 discount, blames outage on record trades Read More »
We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars of investment before it becomes a reality. That hard truth is leading to some shifts in …
It turns out the virtual and augmented reality companies aren’t dead — as long as they focus on the enterprise. That’s what the Los Angeles-based extended reality technology developer Talespin did — and it just raised $15 million to grow its business. Traditional venture capitalists may have made it rain on expensive Hollywood studios that …
Justin Kan’s hybrid legal software and law firm startup Atrium is shutting down today after failing to figure out how to deliver better efficiency than a traditional law firm. The startup laid off all its employees, just over 100, today. It will return some of its $75.5 million in funding to investors, including Series B …
$75M legal startup Atrium shuts down, lays off 100 Read More »
