Scale AI hits $3.5B valuation as it turns the AI boom into a venture bonanza
Artificial Intelligence

Scale AI hits $3.5B valuation as it turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building …

YC-backed BuildBuddy raises $3.15M to help developers build software more quickly
buildbuddy

YC-backed BuildBuddy raises $3.15M to help developers build software more quickly

BuildBuddy, whose software helps developers compile and test code quickly using a blend of open-source technology and proprietary tools, announced a funding round today worth $3.15 million.  The company was part of the Winter 2020 Y Combinator batch, which saw its traditional demo day in March turned into an all-virtual …

Cyber Monday scams? Fakespot says it can identify fraudulent reviews and sellers online
500 startups

Cyber Monday scams? Fakespot says it can identify fraudulent reviews and sellers online

The pandemic has made it all but impossible for a retail company without an online presence to survive. Yet while companies heavily dependent on foot traffic like J.Crew and Sur la Table have filed for bankruptcy this year, companies that are expert in e-commerce have thrived, including Target and Walmart. …

Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT
ambient intelligence

Infogrid raises $15.5M from Northzone to retrofit buildings with ‘smart’ IoT

Infogrid, an IoT startup which can retrofit an existing building to make it “smart”, has raised $15.5 million. The Series A funding round was led by Northzone, with participation from JLL Spark, Concrete VC, The Venture Collective, Jigsaw VC, an unnamed real estate investment group and an unnamed large international …

Materialize scores $40 million investment for SQL streaming database
Bessemer Venture Partners

Materialize scores $40 million investment for SQL streaming database

Materialize, the SQL streaming database startup built on top of the open source Timely Dataflow project, announced a $32 million Series B investment today led by Kleiner Perkins with participation from Lightspeed Ventures. While it was at it, the company also announced a previously unannounced $8 million Series A from …

Tiger Global invests in India’s Unacademy at $2 billion valuation
Apps

Tiger Global invests in India’s Unacademy at $2 billion valuation

Unacademy, an online learning platform in India, has added two more marquee investors to its cap table. The Bangalore-based startup, which focuses on K-12 online education, said on Wednesday it has raised new funds from Tiger Global Management and Dragoneer Investment Group. The funding round, which is between $75 million …

Cast.ai nabs $7.7M seed to remove barriers between public clouds
cast.ai

Cast.ai nabs $7.7M seed to remove barriers between public clouds

When you launch an application in the public cloud, you usually put everything on one provider, but what if you could choose the components based on cost and technology and have your database one place and your storage another? That’s what Cast.ai says that it can provide, and today it …

Cast.ai nabs $7.7M seed to remove barriers between public clouds
cast.ai

Cast.ai nabs $7.7M seed to remove barriers between public clouds

When you launch an application in the public cloud, you usually put everything on one provider, but what if you could choose the components based on cost and technology and have your database one place and your storage another? That’s what Cast.ai says that it can provide, and today it …

As e-bikes boom, FuroSystems raises its first venture funding round ahead of a new model launch
ClearlySo

As e-bikes boom, FuroSystems raises its first venture funding round ahead of a new model launch

With COVID-19 making commuters switch to bikes, and cities wanting cleaner air, the e-bike revolution is only just getting started. Further evidence of this is the news that today British e-bike manufacturer FuroSystems has closed its first institutional venture funding round of £750,000 with participation by TSP Ventures and European …

WeGift, the ‘incentive marketing’ platform, collects $8M in new funding
AlbionVC

WeGift, the ‘incentive marketing’ platform, collects $8M in new funding

WeGift, the London-based startup that has built an “incentive marketing” platform that lets businesses easily issue e-gift cards and other digital rewards to customers, has raised $8 million in new funding. Dubbed a Series A extension, the round is led by AlbionVC . Existing investors, including Stride.vc, SAP.iO fund and …