Fundings

Meditation app Headspace bets on voice and A.I. with Alpine.AI acquisition

Headspace, a meditation app with 31 million users that is valued at $320 million, is doubling down on voice and A.I. technology to help differentiate itself from the rest of the wellness pack. The company today has announced that it has acquired Alpine.AI (previously called VoiceLabs), one of the early players in the digital assistant market, …

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SynapseFi raises $17M to develop its fintech and banking platform

SynapseFi, a startup that helps banks and fintech companies work together to develop technology, has announced that it raised a $17 million Series A funding round. The funding actually closed at the back end of last year, but CEO Sankaet Pathak said the company has been so busy developing new products, hiring and more than that …

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Open source drone software startup Auterion lands $10M seed funding

Auterion, a startup that offers a drone operating system built on top of the popular P4X open source software, has landed $10 million in seed funding. Backing the round is Lakestar, Mosaic Ventures, Costanoa Ventures, and Tectonic Ventures. The young Swiss company says the injection of cash will be used to work closely with the …

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Munich Re buys IoT middleware startup, relayr, in deal worth $300M

Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at …

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Encrypted cloud storage and collaboration company Tresorit secures €11.5M Series B

Tresorit, the Swiss-Hungarian company that provides end-to-end encrypted “file sync and sharing” for businesses, has closed €11.5 million in Series B financing. The round is led by European growth capital investor 3TS Capital Partners, alongside PortfoLion, a Central European venture capital. A number of existing investors also participated, such as Andreas Kemi, an early investor …

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Maoyan, China’s largest online movie ticket service, files to go public in Hong Kong

Tencent-backed Maoyan Weiying, China’s largest online movie ticketing service, has filed for a public offering on the Hong Kong stock exchange. The company, which submitted a prospectus under the name Entertainment Plus, didn’t say when the IPO will be or valuation details, but reports earlier this year said Maoyan aims to raise up to $1 …

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Shine grabs $9.3 million to build a bank for freelancers

French startup Shine is raising a $9.3 million (€8 million) Series A round. The company is building an alternative to traditional bank accounts for freelancers working in France. XAnge is leading today’s round with existing investor Daphni also participating, as well as business angels Gilles Samoun and Ed Zimmerman. The company previously raised $3.3 million …

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Meituan reportedly targets $55B valuation for Hong Kong IPO, leading to concerns that may be too high

Meituan-Dianping is reportedly aiming for a $55 billion valuation in its upcoming initial public offering in Hong Kong, but the company’s net losses and increasing competition from Alibaba are already raising questions about whether that is too ambitious, despite the company’s market leadership in China. Meituan-Dianping, which bills itself as a “one-stop super app” that …

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