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In a LinkedIn post announcing a successful seed fundraising round, founder Chungin "Roy" Lee explained that his software, which was formerly called Interview Coder and is now called Cluely, is a "completely undetectable AI that sees your screen, hears your audio, and gives you real-time assistance in any situation."
This year, the most innovative companies in the education sector are tackling a dizzying array of challenges facing students and schools alikenot to mention parents. This June, Amira merged with 27-year-old digital learning company Istation, whose gamified educational content was being used in more than 1,000 school districts.
His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. Recently, Norebase began offering African companies the option to incorporate in the U.S.
Louis, announced that it has raised $1.4 Prior to its pre-seed round, Rebundle had raised what CEO and co-founder Ciara Imani May described as six-figures worth of grant, and other non-dilutive capital in an interview with TechCrunch. Rebundle is a DTC company, selling its products through its website.
It didn't take long for OpenAI CEO Sam Altman, who runs the company's for-profit arm and sits on the board of its non-profit as well , to slap down the offer. "No During a Bloomberg interview at the Paris AI Action Summit today, Altman took another jab at the richest man in the world. No thank you but we will buy twitter for $9.74
Earnings season is coming to a close, with public tech companies wrapping up their Q4 and 2020 disclosures. We don’t care too much about the bigger players’ results here at TechCrunch, but smaller tech companies we knew when they were wee startups can provide startup-related data points worth digesting. Sign up here.
Alvaro Morales and Kshitij Grover were working together as engineering leaders at Asana for five years, during a time when the company underwent major changes to pricing and packaging. Orb today revealed that it’s raised $19.1 Orb gives companies a single source of truth that can connect every unit of product usage to revenue.”
Today, the seven-year-old company is announcing a $50 million Series C round to scale its efforts in the East African nation and other neighbouring countries. This funding comes after the company’s $30 million Series B round — $23.75 Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds.
Shuttlers , a “tech-enabled scheduled bus sharing” company, is itching to change that. After years of bootstrapping, the company has raised $1.6 Via its ridesharing platform, Shuttlers provides companies with better mobility options for their employees. . Despite raising just ? Image Credits: Shuttlers.
But one of the more successful vendors is Cast AI , which today announced that it raised $20 million in an investment led by Creandum with participation from unnamed existing investors. ” Cast AI raises $20M to help companies reduce cloud spend by Kyle Wiggers originally published on TechCrunch
Coho AI today announced that it raised $8.5 “Coho AI has developed a unique data consolidation platform that models the business value of a software-as-a-service company and maps it to the behavior of the customers in real time using machine learning and advanced analytics,” Falcon told TechCrunch in an email interview.
As development professionals, volunteers, and board members, we spend a lot of time searching for new prospects … trying to find new individuals, companies and foundations who might respond to our message, who we can cultivate, and who, over time, might make a significant gift to help us continue our work. How Can Good PR Help Me Raise Money?
. “The pandemic exposed critical vulnerabilities in traditional network infrastructure, prompting a surge in demand for contactless solutions,” Fish, who serves as the company’s CEO, told TechCrunch in an email interview. ” Mum’s the word on Ditto’s revenue.
When the $80 price was first revealed, gamers immediately raised questions. Credit: Nintendo In interviews with the media after the big Switch 2 Direct two weeks ago, Nintendo employees generally took the position that Mario Kart World 's price makes sense because of how much content is in the game.
The company is announcing a $10.5 In total, Alerzo has raised more than $20 million since its launch. The company also said it closed a $2.5 “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. million Series A round led by New York-based Nosara Capital.
The undisclosed investment by Daimler is in addition to the $170 million that Luminar raised as part of its merger with special purpose acquisition company Gores Metropoulos Inc. Luminar will become a publicly traded company through its merger with Gores, which is expected to close in late 2020. billion SPAC merger.
Japanese space startup Gitai has raised a $17.1 This new funding will be used for hiring, as well as funding the development and execution of an on-orbit demonstration mission for the company’s robotic technology, which will show its efficacy in performing in-space satellite servicing work. .
Schools, city governments, retailers, corporations, individuals, and big and small nonprofits have been participating in GivingTuesday by the thousands, and many of them are working together to raise funds for those 24 hours and beyond. Well Aware implemented automated matching on their Shower Strike campaign to raise over $300k!
Healthcare startup Color has raised a sizable $167 million in Series D funding round, at a valuation of $1.5 billion post-money, the company announced today. We saw it multiple times, with lab testing, with antigen testing and now with vaccines,” Color CEO and co-founder Othman Laraki told me in an interview.
Moove , an African mobility company with a fintech play, wants to change that, and is raising $23 million in Series A to scale rapidly across the continent. And that’s what’s driving mobility drive and vehicle sales,” Delano said during the interview. Moove raised a $5.5 It’s that way in the U.K.,
Cartona , one of the major players digitizing the traditional trade market, including mom-and-pop stores, FMCG producers, wholesalers, and distributors in Egypt, has raised $12 million in Series A funding. We won’t expand like crazy without having positive unit economics in every city,” CEO Mahmoud Talaat told TechCrunch in an interview. “We
While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of autonomous vehicle software has raised some substantial funding to double down on what it sees as a more immediate opportunity: providing technology to industrial companies to build off-road applications.
Stability AI, the company funding the development of open source music- and image-generating systems like Dance Diffusion and Stable Diffusion , today announced that it raised $101 million in a funding round led by Coatue and Lightspeed Venture Partners with participation from O’Shaughnessy Ventures LLC.
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. “All of our business units are growing,” founder and CEO Markus Villig said in an interview this week. billion ($8.4 billion).
A study by McKinsey & Company on general e-commerce activities in Africa says consumer spending will reach over $2 trillion in the next three years. It has raised a $6.2 The appeal extended to the company itself, resulting in a name change despite the marketplace recording 250% year-on-year growth since launch.
Supernormal today announced that it raised $10 million in a funding round led by Balderton with participation from Acequia Capital and byFounders VC. The new cash brings the company’s total raised to around $12.9 It’s a strong sales pitch. ” Supernormal automatically transcribes and summarizes meetings. .
The fintech which provides credit lines for businesses has raised $17 million, funding that it will be using to bolster its offerings and expand geographically. CEO Jesse Ghansah started the company, formerly known as Swipe, with Barima Effah in 2020, and following its rebrand as Float, went live with its product in June 2021.
Though restaurants and domestic cleaning companies provide options for people who want to outsource these tasks, the market is still open for providers who can offer better convenience and quality. Eden Life , strategically positioning itself as the go-to platform for home service needs, has raised a $1.4 Image Credits: Eden Life.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. Union54 founders launched the company last year when they went through painstaking processes to issue debit cards for their previous startup and challenger bank, Zazu.
Parallel to these developments, multiple private companies have introduced plans to build commercial space stations for science, manufacturing and even tourism. Rather than compete with these companies, Gravitics wants to be their core supplier. ” (Doughan also refers to it as an SUV — a “Space Utility Vehicle.”)
That led Hess to found Consensus, a platform for interactive video demos, which today announced that it raised $110 million from Sumeru Equity Partners. “Consensus is like an ‘Iron Man mech suit’ for every sales engineer to be able to do more with what they have,” Hess told TechCrunch in an email interview.
The investors behind virtual hack.summit() , the world’s largest blockchain programmer event, have launched a $200 million crypto seed fund under the Hack VC umbrella, fund partner Alex Pack told TechCrunch in an interview. It used to be that we had to send each other deals, otherwise, our companies would go bankrupt.
ThriveCart today announced that it raised $35 million in a funding round led by LTV SaaS Growth Fund, the company’s first public outside investment. The recent slowdown in tech has not been seen among small businesses and entrepreneurs, the core users of ThriveCart’s tech,” McKeand told TechCrunch in an email interview.
It also just raised a $6.2 With the fresh funding, Fintor says it has now raised a total of $9 million from investors. The Palo Alto, California-based company is qualified under the U.S. It does this by issuing shares of LLCs that own the underlying properties, Yousefi explained in an interview.
Everyone wants to be Sequoia or a16z,” he said, in an interview with TechCrunch. “We We could have raised $2 billion, but what will we do if we don’t believe in it — you just need a billion to be called a unicorn VC fund? Less than halfway into 2023, Mayfield has already made six this year, four of which are in AI companies.
Identity and access security issues are increasingly top of mind for companies. Looking to solve some of the challenges around authentication, Keith Graham and Stephen Cox co-founded Strivacity , a startup that allows companies to create secure business-to-business and business-to-consumer sign-in experiences.
” The company, which currently offers mobile-first banking services in Nigeria, has picked up $25 million in a Series A being led by Valar Ventures, the firm co-founded and backed by Peter Thiel, with Target Global and other unnamed investors participating. “We closed February at $2.2 ” Image Credits: Kuda. .
In early August 2018, Nonprofit Tech for Good published an open call for sponsors and after six weeks of interviews, Funraise (located in Long Beach, CA) has been selected as the new sponsor. Funraise is a technology company that builds delightful and functional software for nonprofits. Learn more at funraise.io.
As something of a case in point, Vic.ai , which bills itself as an accounting automation platform, today announced that it raised $52 million in a Series C funding round led by GGV Capital and ICONIQ Growth with participation from Cowboy Ventures and Costanoa Ventures. “As a true AI company, Vic.ai ” Vic.ai ” Vic.ai
In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. So far, its tech caters to distribution and claims automation.
Blnk said it has raised $32 million, money split across different stages and funding types: $12.5 million pre-seed and seed equity rounds (led by Abu Dhabi’s Emirates International Investment Company [EIIC], Sawari Ventures and other investors), $11.2 Money Fellows, an Egyptian fintech digitizing money circles, raises $31M funding.
According to Crunchbase, firms have invested more than $1 billion in legal tech companies, an uptick from the $512 million invested last year. “At a time of macroeconomic challenges, companies need a solution that accelerates key business processes,” Sangha told TechCrunch in an email interview.
Refyne has raised a new financing round, just seven months after securing its previous funding, as the Bengaluru-based startup scales its platform that helps workers access their earned salaries in real time. For companies that are geographically distributed, given the COVID times, we also do a lot of Zoom orientation.”.
Check Point Research reports that global cyberattacks increased by 38% in 2022 compared to 2021, and nearly nine in ten company boards told Gartner in a recent survey that they view cybersecurity as a “business risk” rather than solely a technical or IT issue. Plenty of startups have benefitted from the boom.
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