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Munchery shuts down operations in LA, New York and Seattle

Munchery, the on-demand food delivery startup, has shut down its operations in Los Angeles, New York and Seattle, the company announced on its blog today. That means the teams from those cities are also being let go. In total, 257 people (about 30 percent of workforce) were let go, according to a Munchery spokesperson. “We recognize the impact this will ... Read More »

Tailor Brands raises $15.5M for AI-driven logo creation and more

Tailor Brands, a startup that automates parts of the branding and marketing process for small businesses, announced this morning that it has raised $15.5 million in Series B funding. CEO Yali Saar has said the company sits at the intersection of design and machine learning. The idea is to create technology that understands the best practices of logo design, copywriting ... Read More »

Tailor Brands raises $15.5M for AI-driven logo creation and more

Tailor Brands, a startup that automates parts of the branding and marketing process for small businesses, announced this morning that it has raised $15.5 million in Series B funding. CEO Yali Saar has said the company sits at the intersection of design and machine learning. The idea is to create technology that understands the best practices of logo design, copywriting ... Read More »

Free stock trading app Robinhood rockets to a $5.6B valuation with new funding round

Robinhood started off as a dead-simple stock trading application that had no transaction fees — but since it’s continued to grow, and especially as it starts to dive into cryptocurrenty, investors are getting pretty excited about its prospects and are pouring a ton of new funding into it. And it’s that tantalizing prospect of creating a next generation way of trading ... Read More »

Brazil’s tech startups begin to expand globally

Startups in Brazil, Latin America’s largest entrepreneurial ecosystem, are no longer solely focused on Brazil as their only frontier to conquer. Based on conversations with founders and in tracking the news, dozens of startups born in Brazil have realized they can compete on a global scale and expand their companies quickly by exporting their business models to other regional markets ... Read More »

Slack hits 8 million daily active users with 3 million paid users

As Slack looks to woo larger and larger companies with the prospect of a simpler workplace collaboration tool, the company said it has now hit 8 million daily active users. The company said it also has 3 million paid users. A darling in Silicon Valley, Slack was initially able to capitalize on pent-up demand for workplace communications tools that were ... Read More »

Wedding startup Zola just received a lavish gift: $100 million in fresh funding

Zola, a fast-growing company that invites newly engaged couples to register their guests, shop from 600 different brands, and create customizable checklists, has itself received something a bit extravagant: $100 million in Series D funding. Earlier investor Comcast Ventures led the round, which also included new investors NBCUniversal and Goldman Sachs Investment Partners. The five-year-old, New York-based, 110-person company has ... Read More »

Lobe’s ridiculously simple machine learning platform aims to empower non-technical creators

Machine learning may be the tool de jour for everything from particle physics to recreating the human voice, but it’s not exactly the easiest field to get into. Despite the complexities of video editing and sound design, we have UIs that let even a curious kid dabble in them — why not with machine learning? That’s the goal of Lobe, ... Read More »

Chinese robotics company UBTECH gets $820 million in funding

Shenzhen-based home robotics company UBTECH announced this week that it has closed a massive $820 million Series C. The round, led by Tencent and a whole slew of other investors, follows a $100 million Series B and $20 million Series C. The bipedal robotics maker certainly isn’t a household name here in the States — though the company’s taken a ... Read More »

Freeda raises $10 million for its new media brand for women

Italian startup Freeda Media is raising a $10 million Series A round led by Alven Capital. U-Start and business angels are also participating in the round. Freeda Media runs the popular Freeda Facebook page. With nearly 1.4 million likes, the page has an impressive reach. 24 million unique users see Freeda content every month in Italy, including 100 percent of ... Read More »

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