Not many ecosystems outside of Silicon Valley can boast successful tech startups launched by founders while still in school or shortly after dropping out. So, when such events occur in regions like the Middle East or Africa, the companies are worth paying attention to. A decade ago, Islam Shawky, Alain El Hajj, and Mostafa Menessy, […]
Adtech startup InMobi has raised $100 million in debt financing as the profitable Indian firm looks to “significantly deepen” its artificial intelligence initiatives and fund potential AI acquisitions ahead of a planned IPO next year. Mars Growth Capital, a joint venture between MUFG and Liquidity Group, has financed the funding, InMobi said Wednesday. The investment
InMobi secures $100 million for AI acquisitions ahead of IPO Read More »
It’s not every day that you hear about a large funding round for a French startup in the current funding environment. But Neat, a Paris-based insurtech startup, has managed to raise €50 million (around $55 million at current exchange rates). There is some fine print however. In addition to the traditional equity-for-cash financial transaction, a
French embedded insurance startup Neat secures $55 million Read More »
Cities spend hundreds of millions each year on paratransit services, or public rides for disabled residents, yet those services remain limited and unpredictable. Wheelchair users often face late pickups, hindering them from getting to work or medical appointments on time. As populations age, the strain on these services and city budgets continues to grow. Vancouver-based
Spare fixes cities’ outdated transport services for disabled residents Read More »
Can AI ever fully replace translators? Not likely. AI translations tend to lack the lexical richness of their human-translated counterparts, mainly because AI models make choices based on probability — not lived experience. Certainly, AI can produce “accurate” translations, but the translations lack the spice of life, like a textbook version of the source text.
Smartcat secures $43M for its AI-powered translation platform Read More »
The global economy remains in a sticky spot, in the words of the International Monetary Fund. Understandably, banks and other financial players are therefore looking to do what they can to bring down operating costs while spurring more financial activity. Today, Form3, one of the startups building tools to do just that by connecting financial
Form3, a quiet giant in UK fintech, raises $60M at a $570M valuation Read More »
Steve Brotman started Alpha Partners in 2014 with a novel idea at the time: investing alongside early-stage VCs to help preserve their ownership in promising companies as they transition to later funding rounds. Alpha’s first fund was a mere $10 million. But as startups started staying private for longer, the VC industry invented various mechanisms
Alpha Partners raises $153M third fund for pro-rata investments Read More »
Progress, a Bedford, Massachusetts-based software firm, on Monday announced that it intends to acquire file management platform ShareFile for $875 million in cash and credit. Progress CEO Yogesh Gupta said that the deal, which is expected to close by November 30, will bolster Progress’ portfolio with tools to help businesses more efficiently share — and
Progress acquires file management platform ShareFile for $875M Read More »
Companies’ data architecture today looks nothing like it did 20 years ago, but monitoring and tracing tools haven’t followed suit, making it difficult for engineering teams to identify the root cause of errors and latency issues. Israeli developer Eden Federman thinks the solution is distributed tracing, a more advanced observability method, but he found adoption
As European startups continue to look for signs of sustained market confidence beyond the hype around AI companies, Atomico — one of the region’s more iconic, largest venture capital firms — has raised more money to make investments that might indicate how the market is really moving. The VC has closed new funds totalling $1.24
European VC Atomico closes $1.24B across two funds for early and growth-stage startups Read More »
