The Latest from Ingrid Lunden
Huupe, a ‘smart’ basketball hoop startup, raises its game with $11M
Basketball can be played just about anywhere and by anyone in the U.S. and now many other parts of the world, thanks to a confluence of factors that lower a lot of barriers: ubiquitous hoops set up in
Vue Storefront snaps up $20M to grow its open source-based ‘frontend-as-a-service’ e-commerce toolkit and platform
It plans to use the money for R&D, to bring on more tools targeting B2B e-commerce businesses, and for business development.
IntegrityNext raises $109M for a platform to audit supply chains for ESG compliance
The funding is coming from a single investor, EQT Growth, and it will be used to continue building the breadth of the platform as well as the company's go-to-market position.
Dope Security nabs $16M led by GV to build out secure web gateways designed to work on endpoints, not in the cloud
Dope has designed a secure web gateway product that's run on an organizations' endpoints: devices connected to the company network.
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a
Bionic Health raises $3M for its AI health clinic using GPT-4 and other ML models to design better preventative care
The worlds of technology and medicine are making big bets on AI playing a central role in the delivery of healthcare in the future. Today a startup out of Durham, North Carolina, called Bionic Health
SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity
One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step:
Technical interview platform Karat snaps up Triplebyte to add adaptive quizzes for engineers
The technology industry continues to rack up an ever-longer list of layoffs — which now stand at nearly 139,000 according to Layoffs.fyi — but taking the wider job market, the overall pace
Via confirms it’s acquired trip planning app Citymapper to boost its transit tech
Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned to make acquisitions to grow its transportation technology stack. Now, a p
LinkedIn expands its generative AI assistant to recruitment ads and writing profiles
Earlier this month, when LinkedIn started seeding “AI-powered conversation starters” in people’s news feeds to boost engagement on its platform, the move saw more than little engagem
UK Spring Budget: Chancellor plans £1M annual AI prize, quantum investments and a new £900M ‘exascale’ computer
The U.K.’s Chancellor of the Exchequer Jeremy Hunt’s spring budget — delivered on the same day that teachers, transportation workers, civil servants and others were on strike across
Nabla, a digital health startup, launches Copilot, using GPT-3 to turn patient conversations into action
Healthcare has been pegged as a prime candidate for more AI applications — both to aid in clinical work and to lighten some of the more time-consuming administrative burdens that come around cli
SVB Financial is also looking for a buyer for SVB Securities and its SVB Capital VC division
Frenetic buyer interest in SVB Bank may have cooled a little this morning after the U.S. government announced a backstop, with existing deposits covered while SVB Bank remains under the control of the
Silicon Valley Bank trading halted; staff asked to work from home as SVB seeks a buyer, say reports
Update: Well, SVB stock never went live again, and four days on, the search for a buyer for SVB Bank continues. Now under the control of the FDIC, SVB Bank reportedly had a number of suitors over the
Railsr, the UK embedded fintech once valued at nearly $1B, goes into bankruptcy protection under new consortium owner
Startups are facing a moment of reckoning in the current economic climate, and today one of the more promising in the world of fintech has cracked under the pressure. Railsr, the London, U.K. embedded
Envisics raises $50M at a $500M valuation for its in-car holographic tech
The automotive industry is starting to show some signs of recovery after a big contraction during the COVID-19 pandemic, and carmakers planning for the next five years are looking at what new feature
Fynn raises $36M for a platform to finance students in vocational education
When people think of the funding crisis in further education, thoughts normally turn to the rising price of a typical four-year college degree. But that’s not the only financial gap that exists:
Believer, a new approach to gaming, raises $55M from Lightspeed, a16z and more
Gaming is at a crossroads these days: A decades-old business that has had remarkable staying power banked around classic concepts is now engaged in a battle royale with innovations in areas like mixed
Threecolts raises $90M to build out its toolkit for third parties selling on marketplaces like Amazon
Amazon rules the roost when it comes to e-commerce, with its marketplace outpacing everyone else when it comes to gross merchandise value, reach and market capitalization. That fact inevitably makes i
Open banking startup Abound nabs $601M to supercharge its AI-based consumer lending platform
After a slow start in the U.K. and Europe, open banking is catching on with fintechs, which are using APIs to access banking data and rails and using them as an alternative to traditional credit netwo