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Satellite IoT startup Myriota raises $15m

Australian Internet of Things (IoT) satellite technology startup Myriota has announced raising $15 million through a Series A funding round, with Boeing HorizonX Ventures a major contributor. Also kicking in funding were Singtel Innov8 and Right Click Capital. “The fact we have managed to engage such a stellar list of investors doesn’t just underline the… Read More »

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Startup Data Platform MAGNiTT.com Raises $1 Million In Seed Round

MAGNIiTT.com, a Middle East-based data platform for investors, entrepreneurs and corporates in the region, has announced that it has successfully raised close to $1 million in funding from both international and Gulf-based investors. The funds raised will be used to grow the company regionally, as well as expand to other emerging markets. MAGNiTT uses a… Read More »

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SME software startup Employment Hero closes $8 million Series B

Employment Hero, a cloud-based HR, payroll, and benefits startup headquartered in Sydney, has raised A$8 million ($6.2 million) in a Series B funding round co-led by Australian employment marketplace SEEK and existing investor OneVentures. The latest funding round, which was joined by AirTree Ventures and AMP New Ventures, will be used by Employment Hero to… Read More »

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Pandora Acquires Audio Ad Tech Startup AdsWizz

Pandora is set to acquire San Mateo, Calif.-based digital audio ad tech startup Adswizz for $145 million in cash and stock, the company announced Wednesday. After the acquisition, Adswizz will continue to operate independently, but also power Pandora’s digital audio ad sales. “Since I joined Pandora six months ago, I have highlighted ad tech as… Read More »

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Google is reportedly buying light-field camera startup Lytro

According to multiple sources, Google is acquiring Lytro, an imaging startup that specializes in light-field technology. Lytro is the company which became prominent for its light-field technology camera — the original shoot-now-focus-later camera which optically captures an entire scene with infinite depth of field (DoF) using a kind of reverse ray tracing. The capability subsequently… Read More »

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AI startup Mythic raises $40M to turn any device into a smart one

Mythic, an AI startup developing technology to make any device an intelligent system, announced on Tuesday that it has secured $40 million in funding. SoftBank Ventures led the Series B with participation from existing investors DFJ, Lux Capital, Data Collective and AME Cloud Ventures. Mythic also welcomed two new investors this round, with funding from Lockheed… Read More »

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Insurtech startup Kakbima launched in Kenya

Kenyan insurtech startup Kakbima has launched its proprietary insurance technology platform, an online Software-as-a-service (SaaS) insurance manager that tracks a user’s insurance and micro-insurance policies, claims and premiums, and simplifies access to information. Kakbima was founded in November of last year with the aim of redefining the insurance industry, and is in the process of… Read More »

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Bioinformatics startup twoXAR bags $10M in Series A

TwoXar, a startup with software designed to discover new drugs, just raised $10 million. The series A round was led by SoftBank Ventures, with Andreessen Horowitz and OS Fund joining in. JP Lee, managing director of SoftBank Ventures, will join Andreessen Horowitz general partner Vijay Pande on the twoXAR board of directors. Palo Alto, California-based… Read More »

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Bail reform startup Promise raises $3 million

Promise, a Mountain View, CA-based criminal justice reform startup, raised $3m in funding. The round was led by First Round Capital with participation from Jay-Z’s Roc Nation LLC, Y Combinator, Kapor Capital, 8VC and Adelfos. Co-founded by social entrepreneurs Phaedra Ellis-Lamkins and Diana Frappier, Promise is advancing a technology platform that provides more humane alternative… Read More »

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