Business News

Erik Huggers is stepping down as CEO of Vevo

Startup News - 2017, December 16 - 4:58am
 Vevo, the music video service backed by major record labels, just announced that its CEO Erik Huggers is departing. Huggers previously worked at the BBC, at Verizon (which owns TechCrunch) and elsewhere. He joined Vevo in 2015. Under his leadership, Vevo was working to become less reliant on YouTube (which was its major syndication partner) by developing more apps and products like the… Read More
Categories: Business News

Dog-walking app Wag may be raising a huge round of funding

Startup News - 2017, December 16 - 3:37am
 It looks like Wag may get another huge injection of cash following a big financing round earlier this year, according to a report by Recode, and also based on what we are hearing. We had heard a bit ago that Wag was looking to raise around $100 million, which the Recode report also suggests. But it now looks like Softbank is in talks to invest around $300 million in the dog-walking app.… Read More
Categories: Business News

EyeEm’s new products aim to understand brand aesthetics

Startup News - 2017, December 16 - 3:19am
 EyeEm is unveiling new tools to help the brands and marketers using the site to source their images. Underlying these tools is a technology called EyeEm Vision, which we described in-depth earlier this year. The goal is to expand image recognition so that it’s not just identifying the objects in the photo, but also its aesthetic qualities. EyeEm’s co-founder and chief product… Read More
Categories: Business News

Let’s meet in New York to talk token sales

Startup News - 2017, December 15 - 10:50pm
 I’ve been holding a few micro meet ups over the past few years and thought I’d start it up again in honor of token/ICO mania. I’d love to hear what you all are working on in the New York area so we’ll all meet at Union Hall in Brooklyn next Wednesday at 7pm. The event is very informal and we’ll plan the next few months of micro-meetups during the event. My goal is… Read More
Categories: Business News

Loot, the digital current account aimed at students and millennials, banks £2.2M Series A

Startup News - 2017, December 15 - 6:00pm
 “There are two types of competition for us at Loot: the banks and the money management apps,” Loot founder Ollie Purdue tells me. The U.K. startup, founded in 2014 while now 24 year old Purdue was finishing up university, offers a digital-only current account aimed at students and millennials. It comes with a Mastercard and mobile app, with a particular focus on spending insights… Read More
Categories: Business News

Taylor Swift’s new app, The Swift Life, is out now

Startup News - 2017, December 15 - 4:25am
 In the midst of an reputational makeover, Taylor Swift is debuting a brand new app called The Swift Life. The app is a dedicated social network for Swift’s fans, letting them communicate with each other as well as get exclusive pictures, video, news and more direct from T-Swift herself. And they can communicate with Swift, too. Using an ‘extremely rare and valuable Taymoji&#8217… Read More
Categories: Business News

Squarespace reportedly raises about $200 million at a $1.7 billion valuation

Startup News - 2017, December 15 - 2:41am
 Squarespace, the 14-year-old platform that makes it easy for essentially anyone to build their own website, is raising about $200 million from General Atlantic, valuing the company at a $1.7 billion valuation, Bloomberg reports. The plan with the funding is to buy stock from early employees and investors, giving them a way to cash out if they’re not trying to wait around for an IPO. Read More
Categories: Business News

CamSoda rolls our WebRTC for truly portable cam activities

Startup News - 2017, December 15 - 1:38am
 They say the adult industry usually leads the way with new technology and CamSoda [NSFW LINK], a NSFW cam site, is no exception. The site, which connects models in various states of undress with viewers in similar states of undress, is now supporting WebRTC transmission thereby allowing cammers and viewers alike to stream via mobile phone. The mission is simple: CamSoda wants to let… Read More
Categories: Business News

Instacart promotes Sarah Mastrorocco to new position of VP of Business Development

Startup News - 2017, December 15 - 1:08am
 Instacart is going through some growing pains right now, with Amazon buying Whole Foods this summer and target picking up Alabama-based Shipt in the last week. But growing pains come for a reason — the on-demand grocery delivery platform is getting bigger, just recently signing a deal with the third-largest grocery retailer in North America, Albertsons. Primary credit for that goes to… Read More
Categories: Business News

Genalyte hires Facebook and Google exec Kevin Lo as company president

Startup News - 2017, December 15 - 1:05am
 Khosla-backed one drop blood test startup Genalyte has hired former Facebook exec Kevin Lo as president of the company. Lo comes to Genalyte after leading “connectivity efforts” at Facebook “for the four billion people not online, and the 1.5B under-served who use the Internet at ‘2G’ speeds,” according to his LinkedIn profile. Before that, Lo worked for… Read More
Categories: Business News

Xage emerges from stealth with a blockchain-based IoT security solution

Startup News - 2017, December 15 - 1:00am
 Getting the myriad of devices involved in the industrial internet of things provisioned and communicating with one another in a secure way will be one of the great technological challenges facing companies in the coming years. Xage (prounounced Zage) emerged from stealth today with a blockchain-based security solution that could help simplify this. The company also announced that Duncan… Read More
Categories: Business News

Taiwanese media startup The News Lens lands deal with top video studio Dawin

Startup News - 2017, December 14 - 9:46pm
 Taiwanese digital media startup The News Lens launched only four years ago, but it quickly became one of the country’s most prolific news sources by leveraging social media to reach younger viewers. Today it took another big step by announcing a strategic partnership with Dawin, one of Taiwan’s top video and film production companies, that will help it reach a wider audience. Read More
Categories: Business News

Ginkgo Bioworks secures $275 million in Series D, valuing the company at over $1 billion

Startup News - 2017, December 14 - 9:00pm
 Boston biotech startup Ginkgo Bioworks has announced the raise of $275 million in Series D funding to build out its Bioworks3 production facility. The funding comes from previous investors Viking Global, Y Combinator’s Continuity Fund, Cascade Investment, Bill Gates, as well as new investor, General Atlantic. The company previously raised over $154 million, bringing the total up to… Read More
Categories: Business News

Finiata, the finance platform for SMEs, freelancers and the self-employed, bags €18M funding

Startup News - 2017, December 14 - 5:00pm
 Finiata, the finance platform targeting SMEs, freelancers, and the self-employed that was founded by Sebastian Diemer, who previously co-founded credit scoring and loans company Kreditech, appears to be on somewhat of a roll. The company, formerly known as Bezahlt, has picked up €18 million of financing of its own, and already claims 5,000 customers. Read More
Categories: Business News

Paddle, the software sales platform founded by a Thiel Fellow, raises $12.5M

Startup News - 2017, December 14 - 5:00pm
 Paddle, a U.K. startup that offers software companies a single platform for the entire software sales process — including trials and licenses, payments, and analytics — has raised $12.5 million in further funding. Read More
Categories: Business News

SoundCloud resuscitates home screen with personalized playlists

Startup News - 2017, December 14 - 2:00pm
 After laying off 40% of its staff and securing $169 million in emergency funding, SoundCloud’s first product push is a much needed step in the right direction. It’s filling its home page with personalized playlists and best of collections from top genres rather than other content like it’s feed. The hope is to make SoundCloud instantly accessible to new users and a more… Read More
Categories: Business News

Wizeline expands its outsourced IT services business into southeast Asia

Startup News - 2017, December 14 - 9:31am
 Wizeline, a provider of outsourced programming services, is expanding its global footprint with agreements to partner with a slew of development shops across Southeast Asia. Founded in 2014, the company’s vision is to provide programming jobs for developers in emerging markets to unlock the local talent pool and expose a new generation and geographies to the startup world. Read More
Categories: Business News

The price is right! Pace raises £2.5M to automate hotel room pricing based on demand

Startup News - 2017, December 14 - 9:00am
 Pace, a London startup that has developed tech that uses machine learning to let hotels set room prices dynamically based on demand, has raised £2.5 million in seed funding. The financing round is led by InterGlobe, with participation from Seedcamp, Speedinvest, and Amadeus Capital Partners. The company says it will use the new capital to invest in its tech and marketing teams. Read More
Categories: Business News

Gfycat wants to fix your low-fidelity GIFs with machine learning

Startup News - 2017, December 14 - 5:00am
 We all love to share GIFs — and there are plenty of ways to do that, through online portals or keyboards — but often times because there is so much content, you’ll end up surfacing up a lower-fidelity GIF. There can be plenty of copies of the same video clips as a GIF, or maybe it’s just difficult to capture and upload, but Gfycat hopes that it can be solved at a… Read More
Categories: Business News

Security robots are being used to ward off San Francisco’s homeless population

Startup News - 2017, December 14 - 4:58am
 Is it worse if a robot instead of a human is used to deter the homeless from setting up camp outside places of business? One such bot cop recently took over the outside of the San Francisco SPCA, an animal advocacy and pet adoption clinic in the city’s Mission district, to deter homeless people from hanging out there — causing some people to get very upset. Silicon Valley game… Read More
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