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AI shopping assistant and shopping network Karma announced that it has raised $25 million in Series A funding led by Target Global followed by MoreTech Ventures, with participation from existing investors including NFX and Altair Capital. The company now employs nearly 60 people across Tel Aviv, Minsk, Belarus and the U.S.,
Though framed in general terms, the announcement was likely made in reference to an incident that took place earlier in March, where the developer of a widely used JavaScript library added an update that overwrote files on machines located in Russia or Belarus.
Moar News, fresh from the TechCrunch firehose of tasty morsels of news and commentary: I’m too sexy for Milan, New York, and Hangzhou : Zhiyi Tech raises $100 million to help fashion brands predict bestsellers. A dollar is what I need (hey, hey) : Docyt raises $11.5 Non, je ne internete rien : Stackblitz raises $7.9 And the U.S.
Apple Maps is back to noting that Crimea is not part of Russia in most of the world; Microsoft is halting sales in the country ; Airbnb is suspending operations in Russia and the co-belligerent Belarus. The company from southern Germany just raised $170 million at a valuation of $1.87 Now the company has raised $3.5 In response?
What size is your staff, where are the offices located, and has the company ever raised funding? The company is based in Cyprus with development centers in Belarus, Israel and China. Viber is quite global. Obviously, we index better in some countries (and worse in others), but it’s pretty much a global phenomenon.
Skich co-founder and CEO Sergey Budkovski , originally from Belarus, was previously head of biz dev at Minsk-based design and development firm 69pixels before founding the startup. Now based in Poland, the four-person team reports Skich has undergone its MVP phase on the App Store and has raised some pre-seed funding.
Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce , affecting at least 1,200 people. There’s a map for that. Additional figures provided to TechCrunch from Data.ai
In addition, the oppressive regime in nearby Belarus has provided an influx of significant tech companies, such as Wargaming, as well as the associated talent. Vinted (first Lithuanian unicorn, secondhand fashion online marketplace which raised €128 million in an equity funding round, valuing the company at over €1 billion in 2019).
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