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February 23, 2020, 9:25 AM
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| Manish Singh / TechCrunch: |
CB Insights: fintech startups across the world raised $33.9B across 1,912 deals in 2019, which is down from $40.8B raised across 2,049 deals in 2018 — Financial services startups raised less money in 2019 than they did in 2018 as VC firms looked to back late stage firms and focused on developing markets, a new report has revealed.
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CB Insights, Modern Markets, Business Insider, and Business Insider
Tweets: @cbinsights, @trengriffin, @cbinsights, and @cbinsights
| Wall Street Journal: |
Sources: Intuit is nearing a deal to buy personal finance portal Credit Karma for about $7B in cash and stock; the deal could be announced as soon as Monday — Acquisition would be Intuit's largest ever and the first sizable transaction under CEO Sasan Goodarzi
More:
Bloomberg. Tweets: @cararlombardo, @semil, @cararlombardo, @mengxilu, @poetential, @pitdesi, @chrisgeidner, @trengriffin, @chiefofstuffs, and @karolcummins
| Natasha Lomas / TechCrunch: |
Irish DPC report: 6 inquiries into multinational tech companies' GDPR compliance were opened in 2019, bringing major cross-border probes to 21, but no decisions — The lead European Union privacy regulator for most of big tech has put out its annual report which shows another major bump … | Nick Manes / Crain's Detroit Business: |
Michigan-based Algo, a SaaS startup that uses AI to help companies analyze and manage their supply chains, raises $15M Series A led by Integrity Growth Partners — - $15 million investment into Troy company Algo — Company applies AI to supply chain management
More:
PR Newswire, FinSMEs, and Pulse 2.0
| FinSMEs: |
Cyber insurance company At-Bay, which helps businesses assess risk across their tech stack with continuous vulnerability monitoring, raises $34M Series B — At-Bay, a Mountain View, CA-based cyber insurance company, raised $34m in Series B funding. — The round was led by Acrew Capital and Munich Re Ventures, through its HSB fund.
More:
Wall Street Journal and Business Wire
| Will Knight / Wired: |
Interview with Garry Kasparov, the first chess world champion to be defeated by a computer, about chess, AI, and a strategy for staying a step ahead of machines — Twenty-three years after he lost to Deep Blue, Kasparov says people need to work with machines. You have to “nudge the flock of intelligent algorithms.”
Tweets: @scottthurm, @softengresgrp, @kasparov63, @tobywalsh, @sebagon, @skynet_today, and @mijustin
| FinSMEs: |
iMerit raises $20M Series B for its platform that helps enrich and annotate large datasets that power advanced algorithms in fields such as machine learning — iMerit, a Los Gatos, CA-based data annotation and enrichment company, raised $20m in Series B funding.| Johannes Hellstrom / Reuters: |
Swedish game developer Embracer to buy US-based Saber Interactive, maker of the game World War Z, for up to $525M in cash and stock, most of which is deferred — STOCKHOLM (Reuters) - Swedish video game group Embracer is buying U.S. game developer Saber Interactive for up to $525 million, the Swedish company said on Wednesday.
More:
Embracer, Gamasutra, TheGamer, VideoGamer.com, Gematsu, VentureBeat, VG247, Android Central, GamesIndustry.biz, PC Gamer, IGN, and Pocket Gamer.biz
Tweets: @shinobi602, @mr_admirals, and @amandafarough
| FinSMEs: |
Reggora, a residential appraisal software platform, raises $10M Series A, led by Spark Capital with Boston Seed Capital participating — Reggora, a Boston, MA-based residential appraisal software platform provider, raised $10m in Series A funding. — The round was led by Spark Capital, with participation from Boston Seed Capital.| Kyle Wiggers / VentureBeat: |
Enveil, a startup working on homomorphic encryption, raises $10M Series A led by C5 Capital, with Mastercard, Capital One Ventures, and others participating — Analyzing, searching, and performing calculations on encrypted data hasn't historically been possible at scale.
More:
ExecutiveBiz, Technical.ly Baltimore, PR Newswire, Data Economy, and Enveil
| Mon(IoT)r Research Group: |
Study: smart speakers accidentally activate to random words between 1.5 and 19 times per day on average, with HomePod and Cortana devices activating the most — WHEN SPEAKERS ARE ALL EARS — Understanding when smart speakers mistakenly record conversations
More:
ZDNet and Voicebot.ai
| Reuters: |
After exiting Colombia in January, Uber relaunches in the country after finding a legal loophole, says customers will now rent vehicles with drivers via its app — BOGOTA (Reuters) - Uber Technologies Inc (UBER.N) resumed transporting passengers in Colombia on Thursday with a new service model …
Tweets: @jackdamn
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