Category: Fundings and Exits

Original Tech helps banks offer better loan applications

Americans apply for more than 250 million new financial products each year, but the majority of those applications are completed on paper or over the phone. A startup called Original Tech wants to change that by providing white-label software to improve loan applications completed online. While many of the big financial institutions have their own in-house engineering…

A defense company put a machine gun on a drone

Duke Robotics, a military contractor, has produced a video for their unique and uniquely dangerous new tool, TIKAD. This drone platform looks fairly basic – a custom multi-rotor drone with a chassis on the bottom to hold what looks like a stripped down machine gun, sniper rifle, or grenade launcher – but what it suggests…

Ripcord’s $40 million Series B will pay for more file digitizing robots and human jobs

Bay Area startup Ripcord just scored a $40 million Series B, following its successful launch earlier this year. By all accounts, the company has apparently hit the ground running with its decidedly unsexy goal of using robots to digitize paper records for large corporations and organizations. According to CEO Alex Fielding, Ripcord already has a…

Codacy, a platform that helps developers check the quality of their code, raises $5.1M

Codacy, a startup based in Lisbon, Portugal that offers what it calls an “automated code review platform,” has raised $5.1 million in Series A funding. EQT Ventures led the round, with participation from existing investors Faber, Caixa Capital, Join Capital, and Seedcamp. Launched in 2014, Codacy says it has been used by hundreds of companies,…

Alibaba, Tencent, Didi and other tech firms pour $12B into mobile operator China Unicom

China is about to take net neutrality to the next level after a group of influential tech companies that includes Baidu, Alibaba, Tencent, Didi Chuxing and JD.com agreed to invest nearly $12 billion into state-run mobile operator China Unicom. China Unicom is the country’s second largest operator with 269 million mobile customers, which makes it…

Andrew Ng is raising a $150M AI Fund

We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund targeting AI investments. Ng, who formerly founded Google’s…