FinTech upstart JUMO has notched $55 million in equity and debt funding. The newest investment round had participation from current investors, with the inclusion of Odey Asset Management, Leapfrog Investments and Goldman Sachs, in addition to new undisclosed investors, Quartz reported. Andrew Watkins-Ball, the South African founder of JUMO,...
The connected home received some juice yesterday as software company Plume closed an $85 million round of financing from Charter Communications, Qualcomm, Belkin and Service Electric Cablevision. The round brings the company’s total equity funding to $127 million. It comes a day after the Telecom...
Toyota has backed Chinese firm Pony.ai with a $400 million investment, according to the Financial Times. The newest funding totals $462 million and puts a $3 billion value on the Chinese firm. Toyota is using its own artificial intelligence (AI) division, known as the Toyota...
Florida-based receivables FinTech DadeSystems has announced additional funding by Wells Fargo Strategic Capital as part of a Series D round. “DadeSystems has developed a uniquely simplified process for managing account receivables by leveraging advanced data management and machine learning technologies,” said Tom Richardson, managing director...
The U.S. stock market is spiraling downward, with the S&P 500 losing $1.737 trillion during a massive sell-off prompted by mounting fears over the coronavirus, according to multiple reports on Wednesday (Feb. 26). The Dow Jones industrial average sank 879 points on Tuesday (Feb. 25) as...
Investment in food technology and agriculture services around the world dropped almost 5 percent in 2019, showing that investment firms are paying less attention to the sector amid a pullback, according to a report by the Financial Times. The total amount of funding fell to...
U.S.-Israeli startup Fabric has a new investor in Evolv Ventures for its Series B round. Evolv Ventures is most known as the venture arm of Kraft Heinz. Kraft Heinz, one of the world’s prominent global food and beverage companies, operates Evolv through a team effort,...
After raising another $500 million in its Series D fundraising, Revolut plans to increase daily engagements and has set its sights on profitability this year, according to the company. The global financial platform’s total raised in the funding rounds is now $836 million. The funding...
SoftBank’s second Vision Fund has invested in two companies, artificial intelligence company Behavox and healthcare-facing company Karius, according to Reuters. The fund put $100 million into Behavox, which is based in New York, and $165 million into Karius, which is based in California. SoftBank has...
