Resso, Bytedance's music streaming app, officially launches in India, sans Tencent-backed Universal Music: Ingrid Lunden, Manish Singh
TikTok, the hugely popular social media app, found a lot of early traction by giving users a way to create funny lip-synced versions of clips from well-known songs and then share them with friends (its predecessor in the West was even called Musically). Now a…
Mavenoid raises $8M Series A to apply AI to technical product support: Steve O'Hear
Mavenoid, a startup founded in Stockholm that helps companies scale tech-focused product support via an AI-powered chatbot, has raised $8 million in Series A funding. The round is led by Mosaic Ventures, alongside Creandum and Point Nine Capital. The company …
Alipay owner Ant Financial takes minority stake in Klarna: Natasha Lomas
Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European presence and a flagship product that …
India lifts ban on cryptocurrency trading: Manish Singh
India’s Supreme Court on Wednesday struck down central bank’s two-year-old ban on cryptocurrency trading in the country in what many said was a “historic” verdict. The Reserve Bank of India had imposed a ban on cryptocurrency trading in April 2018 that barred…
Co-living European startup Colonies raises $34 million: Romain Dillet
French startup Colonies has raised a $34 million funding round (€30 million). In addition to that, LBO France is committing to spend $168 million (€150 million) in real estate projects over the next couple of years. Those new buildings will eventually be mana…
Biden stages a Super Tuesday comeback as Sanders fights for the rest in the West: Taylor Hatmaker
In a newly narrowed four-way contest, Super Tuesday’s broad delegate pool enticed Democratic primary contenders with race’s biggest prizes yet. Fourteen states voted in Tuesday’s primaries, with the key states of Texas and California alone accounting for a co…
Zuckerberg details the ways Facebook and Chan Zuckerberg Initiative are responding to COVID-19: Jonathan Shieber
Mark Zuckerberg has outlined some of the steps that Facebook and his family’s non-profit, the Chan Zuckerberg Initiative, are taking to respond to the spread of both the novel coronavirus known as COVID-19 and viral misinformation about the illness, in a stat…
Robinhood blames record trade volume & itself for outages: Josh Constine
It wasn’t the leap year, a coding blip, or a hack that caused Robinhood’s massive outages yesterday and today that left customers unable to trade stocks. Instead, the co-CEOs write that “the cause of the outage was stress on our infrastructure — which struggl…
Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet: Ingrid Lunden
We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars of investment before it becomes a reality. That hard truth…
Los Angeles-based Talespin nabs $15 million for its extended reality-based workforce training tools: Jonathan Shieber
It turns out the virtual and augmented reality companies aren’t dead — as long as they focus on the enterprise. That’s what the Los Angeles-based extended reality technology developer Talespin did — and it just raised $15 million to grow its business. Tradit…
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