There’s a potential climate-related crisis brewing in the beer industry and Province Brands has just raised $1.6 million for its technology that purports to be a solution.
The Canadian company, which has developed a way to make beer from any plant material, is pitching itself as a solution to the increasing shortages of barley and other grains
Read more: Find out In believes an option to layoffs is more sabbaticals
Write comment (97 Comments)With a lot of towns instituting shelter-in-place orders to restrict how people physically interact in order to slow down the spread of the novel coronavirus, fitness has come into its own.
In places where people are still allowed outdoors to exercise, we’ve seen an explosion of independent exercising like walking, running and cycling — often in con
Read more: Fitness app Aaptiv raises from Insight Partners, launches Enterprise channel
Write comment (97 Comments)Energy demand has fallen globally. Oil prices are plummeting. Everywhere in the energy world things look fairly grim, but keeping the lights on and electrons moving remains critical to keeping even the hobbled economies of the world humming.
That’s why startups like Amperon, which use data analysis to provide predictive tools for energy retailers
Read more: Amperon raises $2 million for its preparing for software application for power grids
Write comment (93 Comments)Continuing our coverage of Utah-based startups, this morning we have our second big round of the year from the state. Lucid Software, best known as the parent company of Lucidchart, announced today that it has raised a $52 million Series D.
All that’s interesting enough, but more fun is that the company’s new revenue milestone. Lucid told Tec
Read more: Lucidchart raises $52M Series D, passes $100M ARR
Write comment (95 Comments)In today’s grim economic climate, companies are looking for ways to automate wherever they can. Bridgecrew, an early-stage startup that makes automated cloud security tooling aimed at engineers, announced a $14 million Series A today.
Battery Ventures led the round with participation from NFX, the company’s $4 million seed investor. Sorensen V
Thermal imaging wearables used in China to detect COVID-19 symptoms could soon be deployed in the U.S.
Hangzhou based AI startup Rokid is in talks with several companies to sell its T1 glasses in America, according to Rokid’s U.S. Director Liang Guan.
Rokid is among a wave of Chinese companies creating technology to address the coronavirus
Read more: Chinese startup Rokid pitches COVID-19 detection glasses in US
Write comment (97 Comments)With corporations across the world taking a closer look at the effects their operations have on global climate change, investors are backing a crop of software and services that are cropping up to pull back the curtain on those climate impacts.
The latest of these to raise capital is The Climate Service, which just closed on $3.82 million in its
Read more: North Carolina-based The Climate Solution raises $3.8 million for environment audits
Write comment (94 Comments)The economy may be contracting as a result of the COVID-19 pandemic, but promising startups are still continuing to raise money to shore up their finances for whatever may lie ahead.
In the latest development, Stripe, a well-known payments unicorn, today announced that it had raised another $600 million in new capital, money that it plans to use to
Sprout.ai, an insurtech incubated at London’s Imperial College that is applying AI to insurance claims,, has raised $2.5 million in additional seed funding. Leading the round is Amadeus Capital Partners, with participation from Playfair Capital, and Techstars.
Founded in 2018, Sprout.ai has developed AI-based software that it says enables insurance
Read more: Sprout.ai raises $2.5 M to speed up insurance claims
Write comment (95 Comments)As we find ourselves tumbling toward a global financial crisis, every business is taking a second and third look at expenses going out the door to make sure they really, truly need them. Based
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
This morning we’re adding a number of companies to the $100 million ARR club, a collection of private companies that have reached material scale. Over time, this series has gone from noting that a few private companies have managed
Read more: As COVID-19 pounds globally economy, 8 brand-new firms sign up with the $100M ARR club
Write comment (97 Comments)Read more: Truphone elevates $38M at $516M appraisal as its eSIM service crosses 4M accounts
Write comment (96 Comments)Home fitness and games as gathering places are a few of the startup verticals propelled by unprecedented shifts in behavior due to shelter-in-place orders. We surveyed the top investors in consumer and social apps to learn about 2020’s startup trends, the M-A climate, the threat of incumbents copying new entrants, underserved demographics and w
Read more: Capitalists clarify COVID-19's influence on consumer start-ups
Write comment (98 Comments)Adriel is a South Korean startup bringing automated ad tools to small businesses — and in recent months, it’s been expanding into the United States and the United Kingdom.
This might seem like exactly the wrong time to be growing an ad-buying platform, since we’re at the beginning of what’s likely to be a tremendous pullback in ad spend due to the C
Read more: Adriel brings automation to little organisation advertising
Write comment (97 Comments)Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.
Earlier today, PwC and CB Insights dropped a sheaf of data concerning the global and domestic Q1 venture capital market, something we’ll be yanking data points from here and there for a few days. What matters is that our continuing
Read more: VC activity goes upside down as seed deals fall and mega-rounds rise
Write comment (97 Comments)Anodot, a startup that helps customers monitor business operations against a set of KPIs, announced a $35 million Series C investment today.
Intel Capital led this round with a lot of help. New investors SoftBank Ventures Asia, Samsung NEXT and La Maison also participated along with existing investors Disruptive Technologies L.P., Aleph Venture
Read more: Anodot grabs $35M Series C to assist keep track of business operations
Write comment (100 Comments)The well-funded Japanese space startup Synspective has tapped launch provider Rocket Lab to take its first Earth observation satellite to orbit. Launch is planned for late 2020, and the company’s StriX–α craft will be the sole payload.
Synspective was founded in 2018 and by mid-2019 had raised about $100 million, making it one of the most
Read more: Rocket Lab inks deal to carry Japanese startup Synspective’s first satellite into orbit
Write comment (99 Comments)There’s no doubt that the coronavirus has had a monumental impact on the way we view technology’s relationship with education. For now, students are learning from home. But what happens when they return to school?
Picking up where we left off in last week’s survey, we asked top investors in the space for their predictions on what is ahead once life
Read more: Venture capitalists chat edtech’s new normal after COVID-19
Write comment (98 Comments)This morning Everee, a Utah-based software as a service (SaaS) startup focused on payroll, announced that it has closed a $10 million Series A. The funding event was led by Origin Ventures and Signal Peak Ventures. Previously, Everee had raised a $3.7 million Seed round in mid-2019.
The company is therefore as well capitalized as it has been in its
A startup that created a dedicated gadget to help ensure the safety of electrical industry workers has turned their talents to addressing the need for similar workplace protections in the face of another threat: COVID-19. Vancouver-based Proxxi is launching Halo, a wrist-worn wearable device that can provide a vibration notification to alert
VAST Data, a startup that has come up with a cost-effective way to deliver flash storage, announced a $100 million Series C investment today on a $1.2 billion valuation, both unusually big numbers for an enterprise startup in Series C territory.
Next47, the investment arm of Siemens, led the round with participation from existing investors
Read more: VAST Details lands $100M Collection C on $1.2 B appraisal to turn storage on its head
Write comment (100 Comments)Bradley Tusk is relatively unique among investors. Where other VCs shy away from heavily regulated industries and businesses, Tusk leans in.
The Tusk Ventures founder and CEO has investments that include Uber, Bird, Coinbase, Lemonade, FanDuel and Alma Health.
At a time when good governance is front and center, and innovative thinking to evolve the
Read more: Join an Online Q A with Bradley Tusk tomorrow at 1pm ET/10am PT
Write comment (99 Comments)Stackery, a 4-year old Portland startup, wants to help development teams deliver serverless resources on AWS more easily, and today it announced several enhancements to the platform.
With serverless applications, the development team outlines a set of trigger events and the cloud infrastructure vendor — in this case AWS — provides the exact amount o
Read more: Stackery releases slew of updates to simplify serverless app deployment
Write comment (100 Comments)SF-based CRISPR diagnostics startup Mammoth Biosciences has published the first peer-reviewed study that shows validation of using its testing method to detect the presence of COVID-19 in patients. The study, published in Nature, shows performance on par with existing PCR-based molecular tests, the ones currently authorized for use by the FDA to
Read more: Mammoth Biosciences obtains first peer-reviewed recognition of CRISPR-based COVID-19 test
Write comment (94 Comments)Read more: Change non-stop Zoom with remote office avatars app Pragli
Write comment (98 Comments)Kumu Holdings, a live streaming startup based in the Philippines, announced today it has raised about $5 million in Series A funding, earmarked for new features and growing its operations.
The round was led by Openspace Ventures, an early investor in Go-Jek, with participation from Kickstart Ventures, media conglomerate ABS-CBN, Gobi-Core