Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of Read more…

Google to offer checking accounts in partnership with banks starting next year

Google to offer checking accounts in partnership with banks starting next year

Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking accounts to consumers, as first reported by the Wall Street Journal, starting as early as next year. Google is calling the projected “Cache,” and it’ll Read more…

Every startup is a bank–or wants to be

Every startup is a bank–or wants to be

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we did something just a little bit new. Kate was in studio at TechCrunch’s SF HQ. Alex was in his dork cave in Providence. And we had a guest in the Read more…

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Africa Roundup: Goldman leads $30M Twiga raise, China grows tech influence, Jumia weathers lockup-expiry

Kenya’s Twiga Foods raised a total of $30 million in October from lenders and investors led by Goldman Sachs. This adds to the list of African startups the U.S. financial firm has backed, including e-commerce venture Jumia and South African fintech startup Jumo. Twiga, a B2B food distribution company, will use its Read more…

Peter Njongo Twiga Foods CEO

Kenya’s Twiga Foods eyes West Africa after $30M raise led by Goldman

Kenya’s Twiga Foods has raised a total of $30 million from lenders and investors led by Goldman Sachs. The B2B food distribution company financed $6.25 million of the funding in convertible debt and $23.75 million in equity, classified as a Series B round. IFC, TLcom Capital, and Creadev joined Goldman Read more…

BF Website Diagrams Final 02

Meet Bespoke Financial, a lender for cannabis companies backed by Snoop Dogg’s Casa Verde Capital

Bespoke Financial wants to provide cannabis businesses with the same kind of financial services that other businesses get, but that dispensaries and growers can’t yet access. The regulations around cannabis operations are so stringent at the local level — and so nebulous at the federal level — that national banks Read more…

Very Good Security raises $35M in Series B in ‘zero data’ push

Very Good Security raises $35M in Series B in ‘zero data’ push

Data security startup Very Good Security, has raised $35 million in its latest round of funding. Its Series B, announced Thursday, was led by Goldman Sachs, with participation from existing investors Andreessen Horowitz — which led its $8.5 million Series A round — and Vertex Ventures US. Very Good Security’s Read more…

Digi-Capital AR/VR Analytics Platform

VR/AR startup valuations reach $45 billion (on paper)

Despite early-stage virtual reality market and augmented reality market valuations softening in a transitional period, total global AR/VR startup valuations are now at $45 billion globally — include non-pure play AR/VR startups discussed below, and that amount exceeds $67 billion. More than $8 billion has been returned to investors through Read more…

Screen Shot 2019 09 26 at 4.07.41 PM

Latin America Roundup: Softbank bets on Brazillian unicorns and Konfio raises $250M for lending plans

Sophia Wood is a Principal at Magma Partners, a Latin America-focused seed-stage VC firm with offices in Latin America, Asia, and the U.S. Sophia is also the co-founder of LatAm List, an English language Latin American tech news source. Softbank did not let up the flow of capital to Brazil Read more…

Symantec’s Sheila Jordan named to Slack’s board of directors

Symantec’s Sheila Jordan named to Slack’s board of directors

Workplace collaboration software business Slack (NYSE: WORK) has added Sheila Jordan, a senior vice president and chief information officer of Symantec, as an independent member of its board of directors. The hiring comes three months after the business completed a direct listing on the New York Stock Exchange. Jordan, responsible Read more…