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Fintech startup Brex Raises $57 Million, launches credit card for startups

Fintech startup Brex today unveiled a first-of-its-kind corporate card specifically designed to help startups qualify based on funding rather than credit history. The company also announced it has closed a Series B round of financing with participation from luminaries in the fintech and technology industries bringing total funding to $57 million. Investors include Y Combinator… Read More »

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Prisma co-founders quit $1M to launch a social app called Capture

The creators of the photo app Prisma, which went viral back in 2016 for making images look like works of art, are quitting launch an AI startup. Prisma CEO Alexey Moiseenkov and CMO Aram Hardy have raised $1 million in seed funding for Capture Technologies from investors, including Kleiner, Perkins, Caufield, and Byers, and Russia’s Mail.Ru Group. Other backers include Social… Read More »

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Microsoft buys classroom video learning startup Flipgrid

In an attempt to gain an edge in the education market, Microsoft Corp.Microsoft has announced the acquisition of Flipgrid, a Minneapolis-based educational software startup. The technology giant announced the acquisition of the startup behind a video learning platform with more than 20 million users worldwide all over the world, including teachers, students, and parents, from Pre-K all… Read More »

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London-based machine intelligence startup Tessian raises $13 million in Series A Funding

Tessian (formerly called CheckRecipient), the London-based startup deploying machine learning to improve email security, has raised $13 million. The Series A round was led by Balderton Capital and Accel. Amadeus Capital Partners, Crane, LocalGlobe, Winton Ventures and Walking Ventures also participated in the round. Founded in 2013 by three engineering graduates from Imperial College — Tim Sadler, Tom Adams and Ed Bishop —… Read More »

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Estonian startup Pipedrive raises $50 million

Pipedrive, a startup co-headquartered in Estonia and New York that offers tools to salespeople to help them close deals that are still in their pipeline, has picked up $50 million to expand its product, develop its business globally and potentially make acquisitions in the CRM space. The Series C financing round was co-led by new… Read More »

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MIPS Acquired by AI Startup Wave Computing

MIPS Tech Inc has acquired Wave Computing, one of the myriad Silicon Valley startups designing custom-built hardware for artificial intelligence. The company says the MIPS acquisition will add to the company’s bottom line and will be cash flow positive. MIPS will operate as an independent business unit within Wave and will continue to license IP… Read More »

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Startup launches insurance for Uber, Lyft passengers

passengers worried about getting in an accident when riding with Uber or Lyft, a new startup launched an insurance for users of ride-hailing services. RideSafe is a new app that allows passengers to buy accidental medical, death and dismemberment insurance coverage for any rides taken in a 24-hour period. In order to activate RideSafe, users can… Read More »

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Kenyan e-health startup wins Merck Accelerator Nairobi bootcamp

Respiratory illness diagnostic tool Tambua Intelligent Diagnostics has been named winner of the Merck Accelerator Nairobi Satellite Programme, receiving a US$3,000 cash prize and a trip to Merck’s Germany-based Innovation Centre. The Merck Accelerator Nairobi Satellite Programme, hosted in partnership with Mettā Nairobi, saw 10 startups take part in a four-day coaching and mentoring bootcamp… Read More »

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