VanMoof, a Dutch company that builds and sells a range of electric bikes, has raised €12.5 million ($13.5 million) in a round of funding from Balderton Capital and Sinbon Electronics. The COVID-19 crisis served as a “catalyst” for the investment, according to Balderton, as cities around the world ease lockdown restrictions and consider safer commuting […]
Sleeper raises $20 million to expand into fantasy esports
Sleeper has raised $20 million to expand from its base in fantasy sports to the adjacent market of fantasy esports and video game chat. Andreessen Horowitz led the round, and other investors include Twitch cofounder Kevin Lin, NBA All-Stars Kevin Durant and Baron Davis, and NFL wide receiver JuJu Smith-Schuster. Sleeper CEO Nan Wang said […]
Lilt raises $25 million for AI enterprise translation tools
Lilt, which develops AI-powered business translation software, today announced it raised $25 million. The company says the cash infusion will enable future product development, research into natural language processing, and the acceleration of its go-to-market strategy. Lilt’s solutions target development and deployment challenges around enterprise marketing, support, ecommerce, and localization efforts. According to an IDG […]
GV joins $50 million round in Rome Therapeutics to research ‘junk DNA’ for cancer therapies
Rome Therapeutics, a biotechnology startup that’s using machine learning (ML) to explore the human genome and develop new treatments for cancer and autoimmune diseases, has launched out of stealth today with $50 million in series A funding from GV, Arch Venture Partners, and Partners Innovation Fund. Rome was incubated inside GV by CEO and cofounder […]
Randori raises $20 million to spot cyberattacks with AI
Cybersecurity startup Randori today announced that it secured $20 million in equity financing, bringing the startup’s total raised to $29.75 million. The infusion of capital comes after a year during which attacks on internet of things devices tripled, and during which the number of malicious payloads on the web hit 24.6 billion — up 14% […]
Adverity raises $30 million to collect, prep, and analyze marketing data
Adverity, a data analytics startup targeting applications in media, marketing, and ecommerce, today announced that it raised $30 million in equity financing, bringing its total raised to $50 million. By accelerating R&D and growth within Adverity’s offices domestic and abroad, the fresh capital could help the company’s customers — among them Ikea, Red Bull, Unilever, […]
Unlearn.ai raises $12 million to accelerate clinical trials with ‘digital twins’
Unlearn.ai, a company that designs software tools for clinical research, today announced that it secured $12 million in equity financing. Unlearn’s “digital twin” approach to trials, in which digital models are used in place of real test subjects, could reduce the number of people required to run a trial without sacrificing standards of evidence. Unlearn’s […]
Vast Data raises $100 million to develop storage solutions for AI workloads
Vast Data, a company developing large-scale flash storage solutions, today announced that it raised $100 million at a $1.2 billion valuation (up three times since February 2019). CEO Renen Hallak says it’ll be used to drive expansion and lay runway for the startup’s future growth, which bodes well for customers like the National Institutes of […]
Kebotix raises $11.5 million to automate lab experiments with AI and robotics
Kebotix, a startup developing AI tools to expedite the discovery of chemicals, today announced that it raised $11.5 million. Investors were evidently impressed by its machine learning and robotic process automation suite, which enables Kebotix’s private and public sector partners to uncover materials faster than manual techniques. Chemical development is a complex process that requires […]
Razer announces $50 million fund to help businesses during COVID-19
Companies all around the world – regardless of their industry – are banding together to tackle coronavirus. The gaming scene is no exception, with gamers hosting charity streams and fundraising tournaments. Razer has jumped on board too. This week, Razer announced a $50 million USD fund to support businesses affected by the coronavirus. To view […]