Google likes to talk about its AI prowess, but much of that is hidden from view. There are precious few places in the Google ecosystem where the power of the company’s AI is on display for the average user. Gmail’s Smart Compose feature is one of them (in addition …
Read More »VTEX, an e-commerce platform used by Walmart, raises $140M led by SoftBank’s LatAm fund
E-commerce now accounts for 14% of all retail sales, and its growth has led to a rise in the fortunes of startups that build tools to enable businesses to sell online. In the latest development, a company called VTEX — which originally got its start in Latin America helping companies …
Read More »Atlassian expands Jira Service Desk beyond IT teams
Atlassian today announced a set of new templates and workflows for Jira Service Desk that were purpose-built for HR, legal and facilities teams. Service Desk started six years ago as a version of Jira that was mostly meant for IT departments. Atlassian, however, found that other teams inside the …
Read More »New startup Capital wants to reintroduce founders to venture debt
Why raise venture capital when you can raise debt and keep your equity? That’s the question a whole slew of new financial technology companies are hoping entrepreneurs will ask themselves as they begin to think about collecting outside capital for their businesses. Clearbanc made waves with its “20-Minute Term …
Read More »Morpheus Space’s modular, scalable satellite propulsion could be a game-changer for orbital industry
Building effective propulsion systems for satellites has traditionally been a highly bespoke affair, with expensive, one-off systems tailor-made to big, expensive spacecraft hardware. But increasingly, companies, including startups, are looking at ways to provide propulsion tech that can scale with the projected boom in demand for orbital satellites, including …
Read More »Duffel raises $30M led by Index Ventures to disintermediate legacy travel platforms
Huge travel platforms that run airline booking systems like Sabre and Amadeus were invented eons ago and are so large and cumbersome that innovating with them is no easy feat. In the same way that challenger banks have come along to re-invent the banking software Starck, U.K. startup Duffel has …
Read More »Meet Utah’s next unicorn
Weave, a developer of patient communications software focused on the dental and optometry market, was the first Utah-headquartered company to graduate from Y Combinator in 2014. Now, it’s poised to enter a small but growing class startups in the ‘Silicon Slopes’ to garner ‘unicorn’ status. The business announced a …
Read More »In a victory over Amazon, Microsoft wins $10B Pentagon JEDI cloud contract
The U.S. Department of Defense today announced that Microsoft has won its Joint Enterprise Defense Infrastructure (JEDI) cloud contract, worth up to $10 billion over a period of 10 years. With this, Microsoft will provide infrastructure and platform services for both the Pentagon’s business and mission operations. “The National …
Read More »Naspers Foundry is open for South African startup pitches, CEO says
Naspers’ 1.4 billion rand (≈$100 million) VC fund to support South African startups — Naspers Foundry — is accepting pitches, after making its first investment in online cleaning services company SweepSouth. The funding initiative also has a new leader, Phuthi Mahanyele-Dabengwa, who joined Naspers in July as a CEO …
Read More »Helping banks refine sales pitches and customer service, Minneapolis-based Total Expert raises $52 million
It’s no secret that the art of customer service in the modern era is something that banks desperately need help with. One of the reasons why challenger banks have been able to find acceptance, new customers and — well — the ability to challenge existing banking companies is the …
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