News
London-based deep learning startup Chattermill has raised £600,000 in Seed funding.
Entrepreneur First, Avonmore Developments and angel investors, including Jeff Kelisky, the CEO of Seedrs, participated in the round.
Chattermill was co-founded by Mikhail Dubov, a Cambridge and LSE educated software engineer, and Dmitry Isupov, a Maths graduate with deep knowledge and experience in machine learning.
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Modsy isn’t an augmented reality company as much as they are a 3D imaging startup that’s aiming to help you augment your living space’s style. Users can snap a few photos of a room in their house with any basic phone camera, then a short bit later Modsy reconstructs the space in 360 3D and sends you a couple totally new designs based on your “style genome,” which it calculates via a short questionnaire.
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Episode 1, a London, UK-based software only early stage venture capital firm, closed its second tech fund at £60m.
LPs included British Business Bank, the UK government’s economic development bank, entrepreneurs, and new institutions including Draper Esprit and ADV.
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WorldRemit, a London, UK-based digital money transfer service, raised $40m in Series C funding.
The round, which brings the total amount raised to $220m, was led by LeapFrog Investments, with participation from existing investors Accel and TCV.
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UK-based investment group Mercia Technologies PLC has held the first closing of EV Growth II with initial commitments totalling £45.1m.
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Amazon and Google’s feud continues today, as Google is pulling its YouTube app – again – from Amazon’s Alexa-powered Echo Show device. This will be followed by the app’s removal from Fire TV in the near future.
As you may recall, Google wasn’t too happy with the way Amazon had initially implemented YouTube on the Echo Show. It looked different and was lacking a lot of features YouTube users expect. That led to Google pulling access to YouTube for Echo Show device owners earlier this fall.
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Adobe Insights has revealed the final sales tally for Cyber Monday came to a whopping $6.59bn, making it the largest online sales day in history in the US.
Cyber Monday sales mark a 16.8% increase on last year, with overall web traffic to retail sites increasing by 11.9%. Black Friday also saw a rise in year-on-year sales, generating $5.03bn compared to $4.3bn in 2016.
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While accidents have happened, one of the most appealing things about autonomous vehicles is their capacity to make our roads a safer place. Now, insurance companies are starting to offer financial incentives to promote adoption.
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Great expectations attended digital journalism outfits. Firms such as BuzzFeed and Mashable were the hip kids destined to conquer the internet with their younger, advertiser-friendly audience, smart manipulation of social media and affinity for technology.
But a brutal winter is setting in. BuzzFeed will probably miss its revenue target, of $350m this year, by 15-20%, and is to lay off 100 of its 1,700 staff. Vice is also expected to fall short of its revenue target, of $800m. Mashable, a once-trendy site valued in 2016 at $250m, in November agreed to be sold for $50m to Ziff Davis, a print-turned-digital publisher.
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Celebrity endorsements aren't the best way for brands to reach millennials, according to new research by Roth Capital Partners reported by eMarketer. An overwhelming majority at 78% either don't like celebrity endorsements or are at best indifferent.
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