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Cisco Just Acquires Machine Learning Startup

On Thursday, Cisco announced that it had bought the enterprise tech startup Perspica for an undisclosed amount. Perspica is a small San Jose, Calif.-based company with less than 20 employees that has raised $8.85 million, according to the deal-tracking service PitchBook. Rob Salvagno, Cisco’s head of mergers and acquisitions, pitched the deal as a way… Read More »

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Chinese Startup Meituan Dianping Raises $4 Billion

Meituan-Dianping, a company formed by a multi-billion dollar merger in 2015, said today that it has raised a $4 billion Seres C round from a group of investors led by existing backer Tencent.   Meituan-Dianping, which had already accumulated US$3.3 billion in funding before today’s injection, claims it has “the largest service-focused ecommerce platform in… Read More »

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South African Startup Sun Exchange Raises $1.6 Million in New Seed Funding

South African startup Sun Exchange has raised $1.6 million in new seed funding. The company drew support from a number investors, including Network Society Ventures, Kalon Venture Partners, and startup accelerators BoostVC, Techstars and Powerhouse. Back in September 2016, Sun Exchange was one of a batch of blockchain startups to join the Plug ‘n Play startup accelerator…. Read More »

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Cofound.it Introduces Seed Program for Early Blockchain Startups

Cofound.it, a training platform for promising blockchain startups, has today announced Cofound.it Seed. This new program for early-stage blockchain companies introduces the selected startups to the Cofound.it Priority Pass community earlier in the process for a round of seed funding before the larger crowdsale. David Prais, Head of Cofound.it Seed, said: “We have selected five… Read More »

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Green Bay Startup Lanehub Wins $100K Steve Case Investment

On Tuesday, Lanehub took first place in a pitch contest held in the company’s hometown, landing a $100,000 investment from AOL co-founder Steve Case. The competition was part of the “Rise of the Rest” tour organized by the venture capital firm Revolution, where Case is chairman. The goal of the tour is to highlight emerging… Read More »

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India’s Vedanta’s Agarwal setting up $1bn fund for startups

Metals billionaire Anil Agarwal, who made a surprise $2-billion investment in blue-chip miner Anglo American Plc earlier this year, now intends to launch a $1-billion venture capital fund to help young Indian entrepreneurs build their businesses from ground up. Agarwal joins industrialists like Mukesh Ambani, N R Narayana Murthy and Azim Premji in the startup… Read More »

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Electric scooter startup Bolt Mobility secures €3m funding

Dutch electric scooter startup, Bolt Mobility, has secured €3m (£2.2m) in a fundraising campaign led by more than 2,000 investors from the UK and the Netherlands. Bolt Mobility plans to use the funds to bring the AppScooter, an electric scooter with 4G internet connection and smartphone connectivity, to the market in 2018.  The startup, which… Read More »

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