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StartUp
Stripe raises new funding, Uber recognizes financial unpredictability as well as a debatable facial recognition start-up unintentionally exposes its source code.Here's your Daily Grind for April 17, 2020.1. Stripe increases $600M at $36B valuation in Collection G extension, claims it has $2B on its balance sheetThe economic climate might be contracting as an outcome of the
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Read more: Daily Crunch: Stripe now valued at $36B
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Savvy, a healthcare cooperative, has just raised an undisclosed amount of funding from Indie.vc.
Established as a cooperative that shares profits with its users, Savvy connects patients with healthcare companies and other providers looking to better serve people through products and services. Patients can take paid gigs that include tasks like
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Read more: Healthcare co-op Savvy snags venture funding from Indie.vc
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SF-based CRISPR diagnostics startup Mammoth Biosciences has published the first peer-reviewed study that shows validation of using its testing method to detect the presence of COVID-19 in patients. The study, published in Nature, shows performance on par with existing PCR-based molecular tests, the ones currently authorized for use by the FDA to
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Read more: Mammoth Biosciences obtains first peer-reviewed recognition of CRISPR-based COVID-19 test
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There’s a potential climate-related crisis brewing in the beer industry and Province Brands has just raised $1.6 million for its technology that purports to be a solution.
The Canadian company, which has developed a way to make beer from any plant material, is pitching itself as a solution to the increasing shortages of barley and other grains
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The COVID-19 pandemic has spun up a storm of layoffs across all industries in action to a decrease in sales and consumerism. In the tech world, layoffs have actually impacted 24,000 people throughout all markets, according to one tracker.As business of all sizes scramble to stay afloat and extend their runway, one business believes that sabbaticals might be
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Read more: Find out In believes an option to layoffs is more sabbaticals
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Vox Media is making a number of cutbacks in response to the economic fallout from the COVID-19 pandemic.
In addition to Vox itself, the digital media company owns properties including Curbed, Eater, Recode, SB Nation and The Verge — and it acquired New York Magazine last year.
In a staff memo obtained by TechCrunch (and others), CEO Jim Bankoff
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Read more: Vox Media is cutting pay and likewise furloughing 9% of employees
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Energy demand has fallen globally. Oil prices are plummeting. Everywhere in the energy world things look fairly grim, but keeping the lights on and electrons moving remains critical to keeping even the hobbled economies of the world humming.
That’s why startups like Amperon, which use data analysis to provide predictive tools for energy retailers
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Read more: Amperon raises $2 million for its preparing for software application for power grids
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Continuing our coverage of Utah-based startups, this morning we have our second big round of the year from the state. Lucid Software, best known as the parent company of Lucidchart, announced today that it has raised a $52 million Series D.
All that’s interesting enough, but more fun is that the company’s new revenue milestone. Lucid told Tec
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Read more: Lucidchart raises $52M Series D, passes $100M ARR
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Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
Yesterday news broke that Robinhood is on the hunt for new capital at a roughly flat valuation, per friend of the blog Katie Roof. If you are a bit confused by the news, I understand. Robinhood went through a gauntlet of bad press
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Read more: Saving, not costs, is the brand-new hotness in fintech
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In today’s grim economic climate, companies are looking for ways to automate wherever they can. Bridgecrew, an early-stage startup that makes automated cloud security tooling aimed at engineers, announced a $14 million Series A today.
Battery Ventures led the round with participation from NFX, the company’s $4 million seed investor. Sorensen V
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Thermal imaging wearables used in China to detect COVID-19 symptoms could soon be deployed in the U.S.
Hangzhou based AI startup Rokid is in talks with several companies to sell its T1 glasses in America, according to Rokid’s U.S. Director Liang Guan.
Rokid is among a wave of Chinese companies creating technology to address the coronavirus
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Read more: Chinese startup Rokid pitches COVID-19 detection glasses in US
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Codementor, an online education platform for software developers, is launching Code Against COVID-19 to match volunteers with software projects to fight the pandemic. The initiative, which Codementor is not making money from, wants to connect coders with universities, non-profits, local government agencies and other organizations.
Some of the
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Read more: Codementor releases Code Against COVID-19 to match volunteers with software program jobs
Write comment (96 Comments)The economy may be contracting as a result of the COVID-19 pandemic, but promising startups are still continuing to raise money to shore up their finances for whatever may lie ahead.
In the latest development, Stripe, a well-known payments unicorn, today announced that it had raised another $600 million in new capital, money that it plans to use to
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Sprout.ai, an insurtech incubated at London’s Imperial College that is applying AI to insurance claims,, has raised $2.5 million in additional seed funding. Leading the round is Amadeus Capital Partners, with participation from Playfair Capital, and Techstars.
Founded in 2018, Sprout.ai has developed AI-based software that it says enables insurance
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Read more: Sprout.ai raises $2.5 M to speed up insurance claims
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Schools have been closed for the past month in France. That’s why French startup Molotov is leveraging its over-the-top TV service to offer content for children of all ages. In particular, the company has partnered with SchoolMouv, a company that offers videos, exercises and more.
Dubbed “Molotov for School”, the new section lets you find videos t
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Read more: Molotov companions with SchoolMouv to provide video clip lessons
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Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
This morning we’re adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale. Over time, this series has gone from noting that a few private companies have managed
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Read more: As COVID-19 pounds globally economy, 8 brand-new firms sign up with the $100M ARR club
Write comment (95 Comments)Food delivery-- be it prefabricated restaurant meals, grocery stores, or anything in between-- has seen a substantial rise of activity in the last few weeks as people have protected in area to reduce the spread of the novel coronavirus. Today, one of the startups that's constructed an organisation particularly in meal-kits in the UK is announcing moneying to double down
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On-demand mobility, when done successfully, strikes a balance between demand and supply while providing reliable service and making a profit. It’s a sweet spot that can be difficult, if not impossible, to find.
Autofleet, a startup that develops fleet optimization software to redirect underused vehicles into ride-hailing and delivery services,
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Read more: Autofleet raises $7.5 M to assist fleets place idle lorries right into drive
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Home fitness and games as gathering places are a few of the startup verticals propelled by unprecedented shifts in behavior due to shelter-in-place orders. We surveyed the top investors in consumer and social apps to learn about 2020’s startup trends, the M-A climate, the threat of incumbents copying new entrants, underserved demographics and w
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Read more: Capitalists clarify COVID-19's influence on consumer start-ups
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Adriel is a South Korean startup bringing automated ad tools to small businesses — and in recent months, it’s been expanding into the United States and the United Kingdom.
This might seem like exactly the wrong time to be growing an ad-buying platform, since we’re at the beginning of what’s likely to be a tremendous pullback in ad spend due to the C
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Read more: Adriel brings automation to little organisation advertising
Write comment (91 Comments)Whenever a platform bursts out, business emerge to seize on its reach by developing their product or services atop it. It happened with Facebook and also Twitter as well as Slack. Currently, it's occurring with Zoom, the video conferencing firm that took the globe by tornado earlier this year as the coronavirus sent out individuals around the world indoors and also into
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Anodot, a startup that helps customers monitor business operations against a set of KPIs, announced a $35 million Series C investment today.
Intel Capital led this round with a lot of help. New investors SoftBank Ventures Asia, Samsung NEXT and La Maison also participated along with existing investors Disruptive Technologies L.P., Aleph Venture
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Read more: Anodot grabs $35M Series C to assist keep track of business operations
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The well-funded Japanese space startup Synspective has tapped launch provider Rocket Lab to take its first Earth observation satellite to orbit. Launch is planned for late 2020, and the company’s StriX–α craft will be the sole payload.
Synspective was founded in 2018 and by mid-2019 had raised about $100 million, making it one of the most
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Read more: Rocket Lab inks deal to carry Japanese startup Synspective’s first satellite into orbit
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In a message posted to its internal communications channel earlier this week, the massive startup accelerator Y Combinator said it will change the terms of its own PPP (the YC pro rata investment program) and investing in companies raising seed and Series A rounds on a case-by-case basis.
The company began a policy of investing in every seed and
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This morning Everee, a Utah-based software as a service (SaaS) startup focused on payroll, announced that it has closed a $10 million Series A. The funding event was led by Origin Ventures and Signal Peak Ventures. Previously, Everee had raised a $3.7 million Seed round in mid-2019.
The company is therefore as well capitalized as it has been in its
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Labster, a digital clinical laboratory edtech company, today exposed that it is partnering with The gold state's area university network to bring its software application to 2.1 million students.California Neighborhood Colleges firmly insists to be the very best system of college in the country. The Labster collaboration will definitely use 115 universities with 130 online research study lab
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Starting tomorrow, 777 supermarkets in California, Illinois, Indiana, Iowa and Nevada will begin stocking the Impossible Foods plant-based meat substitute.
Fueling the increased distribution and a push to expand its product suite and geographic footprint domestically and internationally is a $500 million round of funding the company closed in March.
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Read more: Difficult Foods presents to virtually 1,000 new grocery shops and grocery stores
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VAST Data, a startup that has come up with a cost-effective way to deliver flash storage, announced a $100 million Series C investment today on a $1.2 billion valuation, both unusually big numbers for an enterprise startup in Series C territory.
Next47, the investment arm of Siemens, led the round with participation from existing investors
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Read more: VAST Details lands $100M Collection C on $1.2 B appraisal to turn storage on its head
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Bradley Tusk is relatively unique among investors. Where other VCs shy away from heavily regulated industries and businesses, Tusk leans in.
The Tusk Ventures founder and CEO has investments that include Uber, Bird, Coinbase, Lemonade, FanDuel and Alma Health.
At a time when good governance is front and center, and innovative thinking to evolve the
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Read more: Join an Online Q A with Bradley Tusk tomorrow at 1pm ET/10am PT
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