General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

January 24, 2024

Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 valuation, the company announced today. General Catalyst led the financing, which more than doubles the New York-based company’s valuation compared to its $150 million October 2022 raise. Eldridge and existing backers […]

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Google’s Gradient backs Send AI to help enterprises extract data from complex documents

January 24, 2024

A fledgling Dutch startup wants to help companies extra data from large volumes of complex documents where accuracy and security is paramount — and it has just secured the backing of Google’s Gradient Ventures to do so. Send AI, as the startup is called, is taking on established incumbents in the document processing space such […]

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The demands of regulated industries helped this startup raise $8M for its conversational AI approach

January 24, 2024

As conversational AI begins to take over the world, chatbots are being given a new lease of life. However, there are clear hazards on the road ahead. Parcel delivery giant DPD recently had to disable part of its online support chatbot after it swore at a customer. A user managed to convince the chatbot to be […]

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An increasing consumer appetite for sustainable packaging is powering a new wave of startups

January 24, 2024

With the packaging market being valued at as much as €1 trillion globally it’s become a ripe field for startups to engage this market with digital products that can bring efficiency to a highly traditional industry.  This is perhaps why Packmatic, a Berlin-based digital packaging marketplace has raised a €15 million Series A round led by […]

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eBay plans to cut 1,000 jobs because it couldn’t grow enough

January 24, 2024

E-commerce company eBay said today that it plans to let go of 1,000 employees or around 9% of its workforce due to the ongoing economic conditions. The company said in a blog post that it also plans to cut contract roles in the coming months. The company’s CEO Jamie Iannone admitted that the company hired […]

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Kittl raises another $36 million for its browser-based design tool

January 24, 2024

Just a year after raising $11.6 million, Kittl raised another $36 million in a Series B round led by IVP with some existing investors participating once again. The Berlin-based startup has been working on a graphic design tool that you can use in your web browser without having to install an app. At this point, […]

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Aniai bringing burger cooking robot to restaurants with $12M

January 23, 2024

Aniai, a startup that has built a burger-grilling robot, Alpha Grill, said today it has raised $12 million. The round brings its total raise up to $15 million. The money will go toward launching its first manufacturing facility, Factory One, in South Korea. The firm will also be deploying a cloud-based AI software platform for […]

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French small launch startup Latitude closes $30M Series B

January 23, 2024

French small launch developer Latitude has closed $30 million in new capital as it eyes the first flight of its Zephyr rocket in 2025. While other rocket companies are going bigger, developing even more massive rockets, Latitude is taking a different approach: light, small, and hopefully cheap enough to beat out competitors. Its first rocket, […]

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Samsung’s EX1 wearable robot is designed to improve mobility in older adults

January 23, 2024

I tend to be wary when consumer electronics corporations dip their toes into the world of robotics. The category offers an attention grabbing shorthand for companies attempting to bolster their future outlook. More often than not, the systems rolled out on-stage are little more than vaporware. Samsung has mostly played it close to the belt […]

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