north america

Skymind raises $11.5M to bring deep learning to more enterprises

Skymind, a Y Combinator-incubated AI platform that aims to make deep learning more accessible to enterprises, today announced that it has raised an $11.5 million Series A round led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital and GovTech Fund. With this, the company has now raised a total of $17.9 […]

CXA, a health-focused digital insurance startup, raises $25M

CXA Group, a Singapore-based startup that helps make insurance more accessible and affordable, has raised $25 million for expansion in Asia and later into Europe and North America. The startup takes a unique route to insurance. Rather than going to consumers directly, it taps corporations to offer their employees health flexible options. That’s to say […]

Captain Marvel rakes in $455 million in worldwide weekend haul

Captain Marvel, the latest superhero film from Disney’s Marvel franchise, is bringing home the bacon — to the tune of a $455 million box office total for the weekend. The movie, Marvel’s first to be headlined exclusively by a female superhero, is off to the second largest global opening of any superhero movie behind Avengers: […]

Revolut CFO resigns following money laundering controversy

This hasn’t been a good week for challenger bank Revolut . The company, which offers digital banking services and is valued at $1.7 billion, confirmed today that embattled CFO Peter O’Higgins has resigned and left the business. The startup and O’Higgins have been under pressure after a Daily Telegraph report that revealed that Revolt switched […]

Sebastian Thrun initiates aggressive plan to transform Udacity

“I’m a fighter. I believe in our people, I believe in our mission, and I believe that it should exist and must exist.” Sebastian Thrun is talking animatedly about Udacity, the $1 billion online education startup that he co-founded nearly eight years ago. His tone is buoyant and hopeful. He’s encouraged, he says over an occasionally […]

Tech investors see bugs as a big business as Ÿnsect raises $125 million

A company using advanced technologies to grow and harvest mealworms (larval beetles) at scale is on track to become one of the venture capital industry’s oddest billion dollar investments. Ÿnsect, (pronounced ‘insect”) is a Paris-based producer of insect protein that has just closed on $125 million as the company looks to expand into North America […]

Global smartphone growth stalled in Q4, up just 1.2% for the full year: Gartner

Gartner’s smartphone marketshare data for the just gone holiday quarter highlights the challenge for device makers going into the world’s biggest mobile trade show which kicks off in Barcelona next week: The analyst’s data shows global smartphone sales stalled in Q4 2018, with growth of just 0.1 per cent over 2017’s holiday quarter, and 408.4 […]

China’s Alipay digital wallet is entering 7,000 Walgreens stores

China’s payments heavyweights have been following tourists abroad as their home market gets crowded. Ant Financial, Alibaba’s financial affiliate with a said valuation of $100 billion, now sees its virtual wallet Alipay handling transactions at 3,000 Walgreens stores in the U.S. and is eyeing to reach a roster of 7,000 locations by April. The alliance will […]

CEO of Rappler, a media company critical of the Philippines government, is arrested

There’s serious concern around press freedom in the Philippines after Maria Ressa, the CEO of independent media company Rappler, was arrested last night. Ressa, who was CNN’s bureau chief in Manila and then Jakarta prior to starting Rappler in 2011, was arrested on cyber libel security charges for an article published in 2012, according to […]

Whim, the all-in-one mobility app for ride sharing, public transit, and rentals is coming to the US

MaaS Global, the company behind the all-in-one mobility app Whim, which offers a subscription service for public transportation, ride-sharing, bike rentals, scooter rentals, taxis, or car rentals will be making its U.S. debut later this year. The company will choose its American launch city from Austin, Boston, Chicago, Dallas, and Miami, according to Sampo Hietanan, […]

Nexon founder hints at plan to sell his $9B majority share in gaming giant

The founder of Korea’s Nexon, one of the biggest gaming companies on the planet, today appeared to acknowledge his intention to sell his controlling interest for around $9 billion. The divestment has been a hot rumor after a report from newspaper Korea Economic Daily this week [via Reuters] suggested that Jung-Ju Kim, who founded Nexon back in 1989, is moving to […]