Eniac Ventures, a seed firm with a focus on New York startups, is announcing its fifth fund totaling $125 million. Eniac’s four general partners — Hadley Harris, Nihal Mehta, Vic Singh and Tim Young — have been making investments together for more than a decade, and they’ve known each other for even longer, having first met […]
Nextmv, a platform that optimizes and tests decision models for logistics companies, announced the close of an $8 million Series A round earlier today. FirstMark, an existing investor, doubled down on nextmv and led the Series A. Other investors include GitHub CTO Jason Warner, Seamless founder Jason Finger, Stripe COO Claire Johnson, Ankit Agarwal from […]
Shopify announced this morning it’s partnered with Facebook to expand its payment option, Shop Pay, to all Shopify merchants selling across both Facebook and Instagram. This is the first time Shop Pay will be made available outside of Shopify’s own platform, and represents a significant expansion for the e-commerce platform’s payments technology. The company tells […]
This morning Monte Carlo, a startup focused on helping other companies better monitor their data inflows, announced that it has closed a $25 million Series B. The round, which was co-led by GGV and Redpoint, comes mere months after its September Series A that was worth $15 million. Accel led the company’s Series A and […]
Polish video game maker CD Projekt, which makes Cyberpunk 2077 and The Witcher, has confirmed it was hit by a ransomware attack. In a statement posted to its Twitter account, the company said it will “not give in nor negotiate” with the hackers, saying it has backups in place. “We have already secured our IT […]
One of the original startups that set out to create a low-Earth orbit satellite constellation to provide a data network here on Earth is now open for business: Swarm, which now operates 81 of its sandwich-sized satellites on orbit, announced today that its network service is live and available to commercial customers. Founded in 2017 […]
Discovery and research of new molecular compounds is an expensive business, with development costs exceeding $10 billion per substance in some cases. Part of that comes from the need to closely examine every relevant molecule, studying its chemical composition and interactions as well as its physical structure at the atomic level. Despite advances in software […]
Emergency response services have been one of the unsung heroes of the last chaotic year, providing essential and urgent medical and other assistance during a period that has faced not just the usual run of natural and man-made disasters, but a global health pandemic to boot. Today, a startup that is building tools to make […]
French startup Homa Games has raised a $15 million seed round led by e.ventures and Idinvest Partners. The company has built several in-house technologies that can take a game from a prototype to an App Store success. It partners with third-party game studios and has a few in-house game studios as well. OneRagtime, Jean-Marie Messier, […]
Four years ago when Zach Jones went to do due diligence on C-Zero, a startup out of Santa Barbara, Calif. commercializing a new approach to producing hydrogen, for the small family office he was working for, he had no idea he’d wind up as the company’s chief executive officer. Or that the company would wind […]
SentinelOne, a late-stage security startup that helps customers make sense of security data using AI and machine learning, announced today that it is acquiring Scalyr, the high-speed logging startup for $155 million in stock and cash. SentinelOne sorts through oodles of data to help customers understand their security posture, and having a tool that enables […]
Fabric, a startup powering e-commerce for companies like GNC and ABC Carpet and Home, has raised $43 million in Series A funding. The announcement comes less than four months after Fabric announced its $9.5 million seed round. CEO Faisal Masud said Fabric hadn’t intended to raise more funding so quickly, but given its growth and […]
The pandemic-fueled economic uncertainty of the last year has led many to project that the rate of credit defaults among consumers will continue to wobble into 2021. Today a startup that has built a platform to help consumers mitigate that situation is announcing some funding on the back of more demand for its services. Symend, […]
Soon, your cloud photo backups could reside on beams of light transmitted between satellites instead of in huge, power-hungry server farms here on Earth. Startup LyteLoop has spent the past five years doing tackling the physics challenges that can make that possible, and now it’s raised $40 million to help it leapfrog the remaining engineering […]
SplashLearn, a 10-year-old U.S.-headquartered edtech startup that teaches children through a game-based curriculum, has raised $18 million in a new financing round as it looks to expand to more markets. San Francisco-based Owl Ventures led the Series C funding round in SplashLearn, and Accel, which had earlier invested $7 million in the startup’s Series B, […]
The lead data supervisor for a slew of tech giants in the European Union, including Apple, Facebook, Google, LinkedIn, TikTok and Twitter, is still relying on Lotus Notes to manage complaints and investigations lodged under the bloc’s flagship General Data Protection Regulation (GDPR), per freedom of information requests made by the Irish Council for Civil […]
There’s been a profusion of startups emerging in the last year around the concept of rolling up smaller e-commerce businesses — operations that mainly sell and distribute their products on marketplace platforms like Amazon’s — using economies of scale to bring them together to run and grow them more efficiently. Today, one of the latest […]
Finch Capital, the early-stage fintech VC with a presence in London and Amsterdam, has raised a third fund. Targeting a final close of €150 million, the fund has already secured €85 million from LPs ready to deploy. Out of Finch Capital “Europe III,” the VC will invest in fintech startups at the Series A and […]
Hoxton Farms, a U.K. startup that wants to produce animal fat without using animals, has raised £2.7 million in seed funding. The round is led by Founders Fund, the Silicon Valley venture capital firm founded by Peter Thiel. Also participating is Backed, Presight Capital, CPT Capital and Sustainable Food Ventures. Still at the R&D stage, […]
Tesla, which is seeing rapid growth in China as it ramps up local manufacturing capacity, has been called upon by the Chinese government for talks over quality issues in its electric cars. A group of Chinese authorities, including the country’s top market regulator, cyberspace watchdog and transportation authority, held talks with Tesla after consumers complained […]
