Innovation Archives

Detroit-Based StockX Is Now Valued At More Than $1 Billion, Names Scott Cutler As CEO

By Amit Chowdhry ● Jun 26, 2019

StockX has announced that it closed $110 million in Series C funding at a valuation of more than $1 billion.

Houston And Ann Arbor Based Mercury Fund Nearing $125 Million For Ventures IV Offering

By Amit Chowdhry ● Jun 25, 2019

Mercury Fund, a VC firm with a presence in Houston, Texas and Ann Arbor, Michigan has raised $82.25 million for its Ventures IV fund.

Retail Product Decision Engine Company MakerSights Closes $8.5 Million

By Noah Long ● Jun 25, 2019

Retail product decision engine company announced it raised $8.5 million in Series A funding led by new investors Forerunner Ventures.

AI Solutions Company Text IQ Raises $12.6 Million

By Dan Anderson ● Jun 25, 2019

Text IQ announced it raised $12.6 million in Series A funding led by FirstMark Capital with Sierra Ventures, which will be used for accelerating expansion.

Mattermost To Make Open Source Messaging Mainstream With Recent $50 Million Round

By Amit Chowdhry ● Jun 25, 2019

Mattermost -- an open source alternative to Slack and Microsoft Teams -- announced recently that it raised $50 million led by Y Combinator Continuity.

Capital One’s Acquisition Of Detroit-Based Jewel: Details About The Deal You Should Know

By Amit Chowdhry ● Jun 25, 2019

Capital One has acquired Detroit, Michigan-based luxury retail cashback company Jewel Commerce. These are the details about the deal.

API Collaboration Company Postman Closes $50 Million

By Amit Chowdhry ● Jun 25, 2019

Leading API collaboration platform company Postman announced it raised $50 million in Series B led by CRV with participation from Nexus Venture Partners.

Cloud Native Network Security Platform Company Valtix Raises Over $14 Million

By Amit Chowdhry ● Jun 25, 2019

Cloud-native security platform company Valtix announced it raised over $14 million from Trinity Ventures, Vertex Ventures, and Wing Venture Capital.

SubjectWell: This Risk-Free Clinical Trials Marketplace For Patient Recruitment Secures $10 Million

By Dan Anderson ● Jun 24, 2019

Risk-free clinical trials marketplace for patient recruitment SubjectWell announced it raised $10 million in Series A funding led by Windham.

AI-Powered Expert Search Engine NewtonX Raises $12 Million

By Dan Anderson ● Jun 24, 2019

NewtonX, a real-time expert search engine, announced it closed $12 million in Series A funding led by Two Sigma Ventures

Compliant Infrastructure Hosting Aptible Secures $12 Million

By Noah Long ● Jun 24, 2019

Leading provider of secure and compliant infrastructure hosting Aptible has closed $12 million in Series A funding.

PredictiveHR: This Company Uses AI To Provide HR And C-Level Execs With A View Of Talent Health

By Dan Anderson ● Jun 24, 2019

AI-powered platform company PredictiveHR announced that it raised $1 million in financing from angel investors.

Tally: This Financial Automation Company That Helps Users Pay Off Credit Card Debt Has Raised $50 Million

By Annie Baker ● Jun 24, 2019

Tally, a financial automation company that helps users pay off credit card debt, announced it raised $50 million in Series C funding.

Arrive Logistics Expects Revenue To Hit $600 Million This Year

By Noah Long ● Jun 24, 2019

Technology-powered freight brokerage company Arrive Logistics has raised $25 million in Series B funding led by existing investor Lead Edge Capital.

D2C Women’s Luxury Footwear Tamara Mellon Grew 136% YoY And Secured $50 Million In Series C

By Amit Chowdhry ● Jun 24, 2019

Tamara Mellon Brand has announced that it raised $50 million in Series C funding. Including this round, Tamara Mellon raised about $87 million total.

How Personal Finance App Dave Helps Consumers Avoid Overdraft Fees

By Amit Chowdhry ● Jun 24, 2019

Dave, a mobile finance app that helps users avoid overdraft fees, announced it is launching a banking product and that it raised $110 million in debt.

Lagos-Based Motorcycle Transit Service MAX.ng Plans To Expand In West Africa With New Funding Round

By Dan Anderson ● Jun 24, 2019

Lagos, Nigeria-based motorcycle transit and delivery startup MAX.ng announced it raised $7 million in funding led by Novastar Ventures.

In-Memory Computing Company Hazelcast Secures $21.5 Million

By Amit Chowdhry ● Jun 24, 2019

Leading in-memory computing platform Hazelcast announced it closed $21.5 million in funding led by new investor C5 Capital

Digital Experience Optimization Company Optimizely Raises $50 Million

By Dan Anderson ● Jun 24, 2019

Digital experience optimization leader Optimizely has raised $50 million in Series D funding led by Goldman Sachs with participation from Accenture.

Data-Driven Marketing Company Fluent Acquires AdParlor

By Annie Baker ● Jun 23, 2019

Data-driven performance marketing company Fluent announced it is acquiring AdParlor Holdings. These are the details behind the deal.

Mobile Mesh Networking Company goTenna Secures $24 Million

By Noah Long ● Jun 23, 2019

World’s leading mobile mesh networking platform goTenna announced it secured $24 million in funding

Bengaluru-Based Payment Gateway Company Razorpay Raises $75 Million

By Amit Chowdhry ● Jun 23, 2019

Bengaluru-based payment gateway company Razorpay announced it raised $75 million in funding led by Ribbit Capital and Sequoia Capital.

Amazon’s Twitch Acquires Bebo: Details About The Deal You Should Know

By Amit Chowdhry ● Jun 23, 2019

Amazon's Twitch game streaming service has acquired social network and esports company Bebo in a deal that is reported to be valued up to $25 million.

How The Apple ‘Find My Friends’ App Helped Save This Teenager’s Life

By Amit Chowdhry ● Jun 23, 2019

This is the story of how Apple's "Find My Friends" app helped save the life of 17-year-old Macy Smith.

Invitae Acquiring Singular Bio For $55 Million: Details About The Deal You Should Know

By Noah Long ● Jun 23, 2019

Invitae, a leading medical genetics company, recently announced the acquisition of Singular Bio. These are the details behind the deal.

Pfizer’s $11.4 Billion Array BioPharma Acquisition: Details About The Deal You Should Know

By Amit Chowdhry ● Jun 23, 2019

Pfizer announced recently that it acquired biopharmaceutical company Array BioPharma for $11.4 billion. These are the details you should know.

Modern Fertility: This Company Makes Fertility Hormone Testing More Accessible

By Amit Chowdhry ● Jun 23, 2019

Modern Fertility is a women’s health company that makes fertility hormone testing more accessible, which raised $15 million Series A recently.

How SiFive Helps SoC Designers Reduce Time-To-Market And Find Cost Savings

By Dan Anderson ● Jun 23, 2019

SiFive is a leading commercial RISC-V processor IP and silicon solutions provider that helps SoC designers reduce time-to-market and find cost savings

Edge Case Research: This Pittsburgh Company Improves The Safety Of Autonomous Vehicles

By Noah Long ● Jun 22, 2019

Pittsburgh, Pennsylvania-based company Edge Case Research is known for improving the safety and reliability of autonomous vehicles, which raised $7 million.

Skupos: Retail Data Company More Than Doubled Its Customers In A Few Months

By Annie Baker ● Jun 22, 2019

Convenience retail data platform company Skupos recently announced it more than doubled its customers and raised $26 million in funding.