Adult entertainment giant Playboy Enterprises is suing Canadian startup Global Blockchain Technologies for fraud and breaching a contract the two companies signed earlier this year. According to a lawsuit filed in early August with the Los Angeles Superior Court, Playboy and Global Blockchain Technologies (GBT) signed a memorandum of understanding in March stating that GBT would help… Read More »
Milwaukee based Artificial Intelligence and machine learning technology startup Socialeads has closed a round of seed f...
Singapore-based venture capital (VC) firm Qualgro today announced that it has completed the first close of its US$100 ...
Rwanda and Uganda are emerging favourite destinations in Africa for investment in information and communications technol...
GAIA Bespoke, a one-stop destination for women’s tailor-made Western wear, today made an announcement for its rec...
Dating and networking app Bumble has just announced the launch of the Bumble Fund, a new pot of money focused on early s...
According to Mashable, a number of people have reported having their Instagram accounts hacked this month, with many of these hacks appearing to have taken the same approach. The report noted that users found themselves logged out of their accounts with their handle, profile image, contact info and bios all having been changed. When they tried to reset their passwords they… Read More »
San Francisco based AR startup Ubiquity6, that is building a platform for people to create and interact in shared AR spaces connected to the real world announced that it has closed a $27 million Series B led by Benchmark and Index Ventures. The startup has raised over $37 million to date with plenty of high-profile VC firms amongst… Read More »
Alibaba founder Jack Ma has established a new contest that will see African entrepreneurs compete for $10 million in funding, with the aim of supporting businesses that are growing the continent’s nascent digital economy. The Netpreneur Prize is being created with the aim of supporting and funding African entrepreneurs working to address the continent’s most important challenges… Read More »
Cloud major Oracle on Monday announced that it has selected 18 new start-ups for its “Start-up Cloud Accelerator” programme in India. Oracle will mentor the start-ups working in the field of Artificial Intelligence (AI), Machine Learning (ML), chatbots, big data and predictive analytics and automation. the company said in a statement. The start-ups are part… Read More »
Nigerian biotech startup Coating+ pitched the innovative solution to the 2018 Thought For Food Summit judges, and brought the team to victory taking home $10,000. The startup, which was founded by a group of Biochemisty masters students at the University of Ilorin, provides safe coating for plants and vegetables that elongates their shelf life, preserves nutrient quality, and enables… Read More »
Israel-based alumni outreach startup Graduway, incorporated as Headhunter Systems Ltd., has acquired Gloucestershire, U.K.-based career mentoring software developer VineUp Ltd., the companies announced Wednesday. The financial terms of the deal were not disclosed. Founded in 2013, Graduway develops software that helps colleges and universities manage communications with their alumni networks. It lists UCLA, Johns Hopkins… Read More »
The biggest cybersecurity investment rounds have been reviewed for 2018 so far, and the top ten leading startups have been identified in this expanding technology sector. According to Channel Web, cybersecurity startups have raised $3 billion in the first half of this year. The first quarter saw $963 million raised, and quarter 2 has brought… Read More »
Back to the Roots, a startup that sells ready-to-grow mushroom kits and other products, has received $4 million in funding to expand its distribution nationwide. The investment was led by Acre Ventures and Scotts Miracle-Gro— the largest lawn and garden company in the world with participation from others. The new funding round will help the… Read More »
The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation has announced 10 African startups to compete for the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established in 2015 to… Read More »