Kabbage secures $200M to fuel its AI-based loans platform for small businesses

Kabbage, the AI-based small business loans platform backed by SoftBank and others, is adding more firepower to its lending machine: the Atlanta-based startup has secured an additional $200 million in the form of a revolving credit facility from an unnamed subsidiary of a large life insurance company, managed and administered by 20 Gates Management, and Atalaya Capital Management.

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BRVCathy GuoComment
FreedomPay and Agilysys Renew Partnership Providing for Commerce Solutions

FreedomPay, the leading global consumer-centric commerce payments platform, today announced an extension and expansion of its five-year partnership with Agilysys, a leading global provider of next-generation hospitality software solutions and services, with a goal of building upon an already successful partnership to increase the market presence and business success for both companies…

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BRVCathy GuoComment
Trussle reiterates desire for mortgage switch guarantee

Trussle has stepped up its campaign to see a mortgage switch guarantee via a parliamentary reception. Sponsored by shadow city minister Jonathan Reynolds MP, Atom Bank director of intermediary lending Maria Harris, Citizens Advice policy lead Morgan Wild, Trussle founder and chief executive Ishaan Malhi as well as the aforementioned minister gave speeches outlining why they believe that introducing a new set of standards to help customers avoid moving onto a standard variable rate is in the best interest for the customer…

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Yves Rocher partners with Hootsuite to grow social media presence

Cosmetics giant Yves Rocher is looking to expand its online customer base through a new partnership with social media management platform Hootsuite. The French retailer is using Hootsuite’s Enterprise platform to consolidate its tools in one platform, allowing it to monitor its social media activity over different channels and respond more quickly to customer inquiries…

 

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EIPCathy GuoComment
Sense Photonics raises $26 million to expand depth sensing for autonomous vehicles and industrial robotics

DURHAM, N.C., June 12, 2019 /PRNewswire/
Sense Photonics, a company building the next generation of LiDAR and 3D sensor solutions for autonomous vehicles, industrial equipment and other applications, announced today that they have closed a $26 million Series A funding round. The round was co-led by Acadia Woods and Congruent Ventures, with participation from a number of other investors, including Prelude Ventures, Samsung Ventures, Shell Ventures, Hemi Ventures and IPD Capital...

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Energy drink Mati raises $3.6 million in equity from 30 investors

DURHAM — Mati LLC, an energy drink company based in Durham, has raised more than $3.6 million from selling equity, according to a Securities and Exchange Commission filing on Wednesday. The money was raised from 30 investors with the date of the first sale in mid-May. The filing disclosed that the money would be used for the payment of salaries and other compensation and benefits. “No officer, representative, member or promoter will receive any payments from the proceeds of this offering,” it clarified. The round is capped at $4.5 million – with a total of around $881,000 still to be sold...

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Spiffy Lands $10M in Capital; Announces Fleet Management as a Service (FMaaS) Immediately Available in Eleven Markets

Get Spiffy, Inc. (Spiffy), an on-demand car care, technology, and services company, today introduced Fleet Management as a Service to help fleets maintain vehicles across the entire vehicle lifecycle. With a $10M+ fund raise, Spiffy is expanding into six new markets with Fleet Management as a Service (FMaaS) and rolling out FMaaS in existing Spiffy markets of Atlanta, Charlotte, Dallas-Fort Worth, Los Angeles, and Raleigh-Durham. New FMaaS markets include Denver, New York, Phoenix, Seattle, Tampa, and Washington, DC with more to come in 2019...

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Brickblock launches ScalingFunds

Brickblock Digital Services has launched Scaling Funds, a funds- as-a-service white label product that leverages blockchain technology to help fund managers automate investor onboarding, efficiently communicate with investors, and enable the trade or transfer of fund shares between eligible investors...

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Saykara Launches First Fully Ambient AI Healthcare Voice Assistant
  • A major breakthrough for AI-powered doctor voice assistants, Saykara actively listens to physician-patient encounters and auto-generates clinical notation and records entry

  • Kara is now the only AI-powered healthcare voice assistant that can be used during a physician-patient encounter without any voice commands, promising to eliminate up to 100% of after-hours charting and records entry

  • Saykara looks to build on its active install base of 20 healthcare organizations across 10 healthcare specialties, including Providence Swedish Health, Providence Kadlec, Hancock Hospital, Multicare Healthsystem and OrthoIndy Hospital

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EIPMikka CruzComment
Ocrolus raises $24 million to scan financial documents with computer vision

Yahoo Finance- Jun 27, 2019
Ocrolus, a New York startup that taps AI and machine learning to parse financial documents, today announced it has raised $24 million in a series B round led by venture growth equity firm Oak HC/FT. Ocrolus cofounder and CEO Sam Bobley said the fresh capital, which follows a $4 million series A in April 2018 and brings the company’s total raised to about $30 million, will fuel expansion into verticals like consumer and auto lending and advance development of the company’s underwriting solutions for banks...

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Cuebiq Launches Market-First Solution that Independently Verifies Data Provenance, User Consent & Ensures Privacy Compliance

Yahoo Finance- Jun 27, 2019
Offline consumer intelligence and measurement company, Cuebiq, today announced the launch of its Cuebiq Consent Management and Data Provenance (CMDP) solution, which will enable publishers and advertisers to provide verifiable proof of their compliance with GDPR (General Data Protection Regulation) and CCPA (California Consumer Privacy Act) in relation to the Cuebiq products and services they use...

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EIPMikka CruzComment
SquareFoot Launches New Initiative to Make Office Space More Accessible for Growing Companies

SquareFoot (www.squarefoot.com), a technology-powered commercial real estate company, today announced the launch of FLEX by SquareFoot, an offering that allows growing companies to select office spaces that are more aligned with their business needs. SquareFoot's clients will now be able to expand their search for flexible term office space beyond coworking and shared solutions. Clients can move into the private office space they envision without being burdened by a rigid, long-term lease. FLEX is designed and structured to bend the traditional office leasing norms to better serve growing companies that don't have the luxury of knowing their needs far into the future...

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EIPMikka CruzComment