Fundraising

Workday acquires AI-powered document platform Evisort

Workday today announced it’s acquiring Evisort, an AI-powered contract management platform, for an undisclosed amount. In a statement, Terrance Wampler, group general manager at Workday, said that Evisort’s tech will enable Workday to add a range of AI-powered document processing tools to its existing finance and HR software. “Evisort will help us deliver on our […]

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Hgen draws on lessons from Tesla and SpaceX to drive down the cost of hydrogen 

Hydrogen might be touted as a fuel of the future that stands ready to decarbonize shipping and industry, but for the 90 million metric tons used today in everything from fertilizer production and chemical manufacturing, 96% is derived directly from natural gas, oil, or coal. For instance, one of the most common ways is through

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AI coding assistant Supermaven raises cash from OpenAI and Perplexity co-founders

Jacob Jackson was all-in on AI early in his career. Jackson co-founded Tabnine, the AI coding assistant that went on to raise close to $60 million in venture backing, while still a computer science student at the University of Waterloo. After selling Tabnine to Codata in 2019 (during his final exams), Jackson joined OpenAI as

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Howbout raises $8M from Goodwater to build a calendar that you can share with your friends

There are plenty of calendar and scheduling apps that take care of your professional life and help you slot in meetings with your teammates and work collaborators. Howbout is all about finding time with your friends to catch up. The company is banking on the fact that some Gen Z users are very happy to

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Why Y Combinator companies are flocking to banking and HR startup Every

Rajeev Behera’s new all-in-one HR startup, dubbed Every, is either brilliant or crazy. Crazy because multi-module HR software that does payroll, onboarding, and spend management for small businesses is already a jam-packed market. Competitors include unicorn startups Gusto, Rippling, and Deel; incumbents that are strong in one area and are expanding into others like Mercury and

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After using a business coach to shift careers, AceUp founder wants to drive coaching based on data

Is a business coach really worth the investment? Execs often seek coaches to bolster aspects of their work, like communication skills and their productivity. At least anecdotally, these skills do appear to get better with coaching — a survey from the nonprofit International Coach Federation found that 80% of execs who hired a coach saw

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Novatus nabs $40M to help financial institutions quell their RegTech nightmares

Banks, investments and financial services are not known to be bastions of transparency — not to the general public, and, as the last financial crisis laid bare, sometimes not even to the people who operate within them. This was a fact known all too well by Andrew Hedley. Working in the area of risk at

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Paymob, started by three college friends, lands another $22 million and is profitable in Egypt

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,

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InMobi secures $100 million for AI acquisitions ahead of IPO

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

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French embedded insurance startup Neat secures $55 million

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

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