Optoro raises $75 million more to make it easier for brands to manage and resell returned and excess inventory

July 30, 2018 Editor 0

As the economy has chugged along, so have retail sales, which last year capped their strongest year since 2014. Online sales have been especially brisk, growing 16 percent between 2016 and 2017 alone, according to the U.S. Commerce Department, which estimates that consumers spent $453.5 billion online last year. Of course, with every booming market comes supporting cast members that benefit. Such is the case with eight-year-old, Washington, D.C.-based Optoro, which itself just rang up $75 million in new funding. A logistics company, Optoro’s […]

A pickaxe for the AI gold rush, Labelbox sells training data software

July 30, 2018 Editor 0

Every artificial intelligence startup or corporate R&D lab has to reinvent the wheel when it comes to how humans annotate training data to teach algorithms what to look for. Whether its doctors assessing the size of cancer from a scan or drivers circling street signs in self-driving car footage, all this labeling has to happen somewhere. Often that means wasting six months and as much as a million dollars just developing a training data system. With nearly every type of […]

Body scanning app 3DLOOK raises $1 million to measure your corpus

July 30, 2018 Editor 0

3D body scanning systems have hit the big time after years of stops and starts. Hot on the heels of Original Stitch’s Bodygram, another 3D scanner, 3DLOOK, has entered into the fray with a $1 million investment to measure bodies around the world. The founders, Vadim Rogovskiy, Ivan Makeev, and Alex Arapovd, created 3DLOOK when they found that they could measure a human body using just a smartphone. The team found that other solutions couldn’t let them measure fits with […]

Serverless, Inc. lands $10 M Series A to build serverless developers platform

July 30, 2018 Editor 0

Serverless, Inc came to the serverless game early, creating an open source framework for developers back in 2015. Today, they want to build on that earlier product to give developers more control over deployment and delivery of serverless applications. To that end, they announced a $10 million Series A round led by Lightspeed Ventures. They have now raised a total of $13 million, according to the company. The company also announced the release of the Serverless Platform, which include the […]

Feature.fm offers free “pre-save” tool for upcoming releases on Spotify, Apple Music and Deezer

July 30, 2018 Editor 0

In an age where people stream music instead of buying it, how do you build something equivalent to a pre-order campaign for upcoming releases? The answer is to create a “pre-save” campaign, akin to a landing page where fans can authorise you to automatically add a new song, EP or album to their steaming library or playlist of their choice as soon as it becomes available. However, pre-save tools for Spotify — if you even knew they existed — are […]

Bus-sharing app Shuttl gets $11M Series B from investors including Amazon India

July 30, 2018 Editor 0

Shuttl, a service that lets Indian city dwellers find seats on multiple bus routes through one app, announced today that it has raised a $11 million Series B led by Amazon India, Amazon Alexa Fund and Dentsu Ventures. Returning investors Sequoia Capital, Times Internet and Lightspeed Ventures also participated. The Gurgaon-based startup’s last round of funding was a $20 million Series A announced in December 2015, just eight months after it launched. The Amazon Alexa Fund was created in 2016 […]

Grover raises €37M Series A to offer latest tech products as a subscription

July 30, 2018 Editor 0

Grover, the Berlin-based startup that offers “pay-as-you-go” subscriptions to the latest consumer tech as an alternative to owning products outright, has raised €37 million in funding. The Series A round is led by Circularity Capital LLP — a VC that specialises in the so-called “circular economy” — with participation from fintech investor Coparion, Samsung NEXT, and Varengold Bank. Existing investors, including Commerzbank’s Main Incubator, also followed on. Noteworthy, the funding consists of €12 million in equity and a new €25 […]

MoviePass borrowed $5M to end yesterday’s outage

July 27, 2018 Editor 0

More bad news for subscription movie ticket service MoviePass, which acknowledged yesterday that there was an unidentified issue preventing people from using their MoviePass credit cards to get tickets. A regulatory filing from parent company Helios & Matheson offers more insight about what happened. The filing (first spotted by Business Insider) announces a “demand note” of $6.2 million, including $5 million in cash that the company borrowed. It goes on to explain: The $5.0 million cash proceeds received from the […]

Jeffrey Katzenberg’s NewTV closes a billion dollar round, says report

July 26, 2018 Editor 0

Jeffrey Katzenberg’s new mobile video startup NewTV, which snagged Meg Whitman as CEO in January, has now closed on $1 billion in funding, according to a report out today in CNN. Investors in the round include Disney, 21st Century Fox, Warner Bros, Entertainment One and other media companies, with a combined $200 million investment, while institutional investors from the U.S. and China made up the rest. The news follows a May report from Bloomberg, which said NewTV had then raised around […]

Snap40 raises $8M for its AI-powered patient monitoring solution

July 26, 2018 Editor 0

Snap40, a Scottish startup that has developed an AI-enabled wearable device to help health professionals monitor patients either on the hospital ward or at home, has raised $8 million in seed funding. The round is led by ADV, with participation from MMC Ventures, and brings total funding to $10 million. Originally launched as a clinical pilot in August 2016, the Snap40 hardware and software platform initially set out to enable hospitals to monitor patients whose health is at risk of […]