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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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