Descript, the audio and video editing platform founded in 2017 by former Groupon CEO Andrew Mason, has raised $50 million in a Series C round led by the OpenAI Startup Fund, a tranche through which OpenAI and its partners, including Microsoft, are investing in early-stage companies. Descript is the second startup to receive a cash […]
AI-powered media editing app Descript lands fresh cash from OpenAI by Kyle Wiggers originally published on TechCrunch
While e-commerce was on the rise before the pandemic, the massive shift to digital supercharged the online shopping industry — bringing entirely new categories of products (and shoppers) to the web. According to Adobe, Americans have spent a record $1.7 trillion online over the last two years, a 55% uptick from two years before the […]
Zest wants to make buying and sending gifts online ‘delightful’ by Kyle Wiggers originally published on TechCrunch
If there’s one thing that gets the attention of investors, even in uncertain times like these, it’s data efficiency. Data is the fuel for machine learning models and getting it from point A to point B can be expensive and time consuming. That’s why a startup that can help make that process move faster with […]
Weka announces $135M investment on $750M valuation to change how companies move data by Ron Miller originally published on TechCrunch
The ink is not yet dry on Amazon’s $4 billion acquisition of OneMedical, but in the meantime, the online services giant is making one more move into telehealth, and into medical services overall, on its own steam. The company today is taking the wraps off of Amazon Clinic, which Amazon describes as a virtual health […]
After mothballing Amazon Care, Amazon reenters tele-health with Amazon Clinic, a marketplace for third-party virtual consultants by Ingrid Lunden originally published on TechCrunch
The International Finance Corporation (IFC) has today launched a $225 million platform to back early-stage startups in Africa, Middle East, Central Asia, and Pakistan. The IFC, a member of the World Bank, will through the platform make equity and “equity-like” investments in tech startups to “grow them into scalable ventures that can attract mainstream equity […]
IFC launches $225M platform to back early-stage startups in Africa, Asia, Middle East by Annie Njanja originally published on TechCrunch
New York-based venture platform Modus has launched Modus Africa, a venture capital fund for AI and blockchain startups across sub-Saharan Africa, TechCrunch has learned. The fund is expected to reach a final close in the first quarter of next year. The spinoff continues Modus’s string of moves over the past 18 months, which has seen […]
Modus expands to sub-Saharan Africa with the launch of its AI and blockchain-focused $75M fund by Tage Kene-Okafor originally published on TechCrunch