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London AI startup Hazy secures $1.8 million additional seed funding

London-based AI startup Hazy has raised an additional $1.8 million seed funding.This brings Hazy’s total seed funding to $2.8 million following a $1 million investment from M12 and Notion in May, after Hazy was declared the European winner of global startup competition Innovate.AI. The round was led by UCL Technology Fund, alongside Nationwide Building Society, Pentland, Amadeus Capital Partners, AI Seed and other investors. Hazy, founded… Read More »

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Mobility Startup Shuttl raises $11 mln from Amazon India, others

Gurugram-based urban mobility startup Shuttl raised $11 million in its series B financing. The round was led by Amazon India, Amazon Alexa Fund, and Dentsu Ventures. The company’s existing investors Sequoia Capital, Times Internet, and Lightspeed Ventures, also participated in the round. The company plans to use the funds to strengthen its position in the technology-enabled seat-based… Read More »

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Facebook Acquired Email Startup Redkix

With an eye toward its Workplace by Facebook enterprise offering, Facebook announced it has acquired Redkix, a startup that provides tools to communicate more effectively by combining email with a more formal collaboration tool. The companies did not reveal the acquisition price. Facebook made the purchase in hopes of building out its own communication features inside Workplace, the enterprise version… Read More »

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Student housing startup Your-Space opens 7 new co-living facilities

Your-Space announced the opening of 7 new co-living facilities across Delhi-NCR, Mumbai, Chandigarh, Jalandhar and Pune. The startup now host 1200 beds across six operational cities with an average occupancy of 80-85 percent. Launched in 2016, Your-Space has so far raised $1 million fund from angel investor and HNIs. The company, co-founded by Shubha Lal, Karan Kaushish… Read More »

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Microsoft’s Venture Fund to invest $4 Million in two Female-led startups

Microsoft’s two-year-old venture fund, M12, is running a competition for business-focused women-led tech startups and will give two winners $2 million each in funding. According to Microsoft, companies founded solely by women represented just 2.2 percent of all venture capital funding in the US last year, according to data from industry tracker Pitchbook. Yet, research consistently shows… Read More »

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Mobile gaming startup Knock Knock raises $2M

Knock Knock, a gaming startup founded by Zynga, TinyCo, and EA alumni, announced today that it has raised $2 million in seed funding towards developing mobile chat games that are playable through messaging apps like Facebook Messenger and WeChat. The funding round was led by Raine Ventures, with London Venture Partners (Supercell, Unity), Ludlow Ventures (Product Hunt), and… Read More »

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Machine Learning Startup Octopai Raises $4.5 Million

On Monday, Israel-based metadata management startup Octopai B.I. Ltd. announced it had raised $4.5 million in a Series A funding round. The round was led by Israel-linked venture capital firm North First Ventures wiht participation from Israel-based venture capital firms iAngels Crowd Ltd, US Israel Gefen Capital Management Ltd, as well as existing investors Moneta… Read More »

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Artificial Intelligence Megvii seeks to raises $600 million

Beijing-based artificial intelligence startup Megvii Inc., is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to people familiar with the matter.Alibaba and Megvii declined to comment. It is said the round will close this round of funding within week. The company will then seek a second round of funding. The… Read More »

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Snapchat to end Snapcash payment system

Popular social media site Snapchat has announced it will be shutting down its payment feature snapcash as of 30th august, this is according to TechCrunch. “Yes, we’re discontinuing the Snapcash feature as of August 30, 2018,” the company wrote. “Snapcash was our first product created in partnership with another company — Square. We’re thankful for… Read More »

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