CometML wants to do for machine learning what GitHub did for code

Comet.ml allows data scientists and developers to easily monitor, compare and optimize their machine learning models. The New York-based company is launching its product today, after completing the TechStars-powered Amazon Alexa Accelerator program and raising a $2.3 million seed round led by Trilogy Equity partners, together with Two Sigma Ventures, Founders Co-Op, Fathom Capital, TechStars Ventures… Continue reading CometML wants to do for machine learning what GitHub did for code

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Singapore-based smart lock maker Igloohome raises $4M

Singapore-based smart lock maker Igloohome has closed a $4 million Series A round. The investment was led by Insignia Ventures, the new firm started by ex-Sequoia venture partner Yinglan Tan. Phillip Private Equity, X Capital Ventures, K3 Venture’s Kuok Meng Xiong, angel investor Koh Boon Hwee, and existing backer Wavemaker Partners also took part. The company is… Continue reading Singapore-based smart lock maker Igloohome raises $4M

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Southeast Asia fashion startup Zilingo continues its meteoric rise with $54M Series C

Many will rightly say that raising money as a startup in Southeast Asia is no easy thing, but up-and-coming online fashion service Zilingo sure doesn’t seem to have problems on that front. Fresh from raising an $18 million Series B round last September, Zilingo has announced its $54 million Series C to takes it to… Continue reading Southeast Asia fashion startup Zilingo continues its meteoric rise with $54M Series C

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6 River Systems raises $25 million for warehouse robots

As the e-commerce industry continues to explode, one startup that’s benefitting is Boston-based 6 River Systems. The business, which builds robots that speed up production in warehouses, has raised $25 million Series B financing in a round led by Menlo Ventures, with participation from Norwest Venture Partners, Eclipse Ventures and iRobot. 6 River says it has… Continue reading 6 River Systems raises $25 million for warehouse robots

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500 Startups takes strategic investment from Abu Dhabi Financial Group

500 Startups, the U.S.-headquartered VC firm hit by scandal last year after co-founder Dave McClure resigned following allegations of sexual misconduct, has announced an unconventional deal that sees Abu Dhabi Financial Group (ADFG) take a stake in its parent company. It is normal for VC firms to work closely with big corporates as LPs that… Continue reading 500 Startups takes strategic investment from Abu Dhabi Financial Group

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Chinese bike-sharing pioneer Mobike sold to ambitious Meituan Dianping for $2.7B

Meituan Dianping, the fast-growing Chinese firm valued at $30 billion, is buying Mobike, a Chinese startup that helped pioneer bike-sharing services worldwide, in a major piece of consolidation. The deal was heavy rumored yesterday and TechCrunch has today confirmed with a source that it has been concluded at a price of $2.7 billion. TechCrunch understands… Continue reading Chinese bike-sharing pioneer Mobike sold to ambitious Meituan Dianping for $2.7B

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Spotify traded down 10% on first day, achieved $26.5 billion market cap

Spotify is done with its long-awaited “direct listing” experiment. The music streaming company went public without the IPO. After completing its first trade halfway through the day at $165.90, Spotify fell to $149.01, 10% beneath the open. It was a down day on the stock market, but at a $26.5 billion market cap, it’s up from… Continue reading Spotify traded down 10% on first day, achieved $26.5 billion market cap

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Spotify opens at $165.90, valuing company at almost $30 billion

Spotify opened on the New York Stock Exchange at $165.90, giving the company a market value of $29.5 billion. The first trade didn’t happen until 12:45pm Eastern. This is halfway through the trading day, and a record for the latest opening time for a public debut. Spotify isn’t selling its shares on the stock market, meaning… Continue reading Spotify opens at $165.90, valuing company at almost $30 billion

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SoftBank leads $450M investment in Paytm’s e-commerce business

SoftBank is at it again giving money companies that rival startups it has already invested in. The Japanese firm and its long-time ally (and existing Paytm backer) Alibaba have come together to invest $450 million more into Paytm’s e-commerce business, Paytm Mall, as first reported by Mint. The deal is said to value the business at $1.6-$2… Continue reading SoftBank leads $450M investment in Paytm’s e-commerce business

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