Walmart says it will acquire more startups

 Walmart has bought a handful of startups lately and the company says this acquisition spree will continue. It’s looking to buy businesses in the technology, retail and digital native brands categories, said Marc Lore, CEO of Walmart eCommerce U.S., on stage at WSJ D.Live in Laguna Beach on Tuesday. The Jet.com founder joined Walmart through an acquisition last year when Walmart paid over… Read More

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Credit giant Experian leads $30M investment in India’s BankBazaar

 Indian credit marketplace BankBazaar has pulled in $30 million in fresh funding led by Experian, the London-headquartered credit giant with a £14 billion ($18 billion) market cap. BankBazaar seems to have a penchant for big name backers. Amazon led its $60 million Series C funding in 2015 while Experian is the main investor behind this Series D raise. The company didn’t specific the… Read More

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Feedzai closes $50M Series C to help banks and merchants identify fraud with AI

 Feedzai is announcing a $50 million Series C this morning led by an unnamed VC with additional capital from Sapphire Ventures. The six year old startup builds machine learning tools to help banks and merchants spot payment fraud. In today’s rapidly maturing world of fintech, Feedzai is trying to thread the needle between turnkey solution and customizable platform. With 60 clients… Read More

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MIT’s The Engine wants to fuel bold tech ideas in Boston

 Boston and its surrounding universities are jam-packed with big ideas, but the problem is that many of them never get out of the lab. MIT president Rafael Reif recognized this and decided the city needed an engine to push those ideas and The Engine — part venture capital firm, part business incubator — was born. When smart people are working on hard problems inside a lab, they… Read More

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LimeBike raises $50M to further its bike-sharing ambitions

 LimeBike, one of several companies competing in the rapidly expanding bike-sharing space, has raised a $50 million C round to continue building out the operation. The company is also looking into ways to differentiate itself from the competition — including the two 900-pound Chinese gorillas in the industry, Ofo and Mobike. Read More

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Fandango is acquiring rival online ticketer MovieTickets.com

fandango A consolidation in the advance movie ticketing space is happening today, with Fandango’s announcement that it’s acquiring rival MovieTickets.com for an undisclosed sum. The deal, which is expected to close before year-end, will help Fandango expand its international footprint, particularly in Latin America, as well as bring new cinemas to its ticketing platform. Headquartered in… Read More

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Social commerce startup Meesho gets $3.4M Series A to build a reseller network in India

 While most of the attention paid to India’s e-commerce boom focuses on big players like Flipkart, there’s another fast-growing sector: people, mostly women, who resell items on social media. Several startups now exist to serve the so-called “housewife reseller” market. One of them, Y Combinator alum Meesho, announced today that it has raised a $3.4 million Series A led… Read More

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After raising $16M in funding, CastBox plans to fix podcast discovery

 More people than ever before are listening to podcasts, but as they soon find out, discovering new ones is a cumbersome process that lacks the serendipity users take for granted in other apps. CastBox wants to fix that by becoming “the YouTube of audio.” The podcast player for iOS and Android, which has raised $16 million in funding so far, is launching a new audio search… Read More

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ROSS Intelligence lands $8.7M Series A to speed up legal research with AI

 Armed with an understanding of machine learning, ROSS Intelligence is going after LexisNexis and Thomson Reuters for ownership of legal research. The startup, founded in 2015 by Andrew Arruda, Jimoh Ovbiagele and Pargles Dall’Oglio at the University of Toronto, is announcing an $8.7 million Series A today led by iNovia Capital with participation from Comcast Ventures Catalyst Fund,… Read More

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MioTech gets $7M to build artificial intelligence based tools for wealth managers in Asia

 MioTech, a financial tech startup with offices in Hong Kong and Shanghai, has raised $7 million in Series A funding to develop artificial intelligence based software for investment managers. The round was led by Horizons Ventures, the private investment arm of Hong Kong business tycoon Li Ka-shing, with participation from returning investor Zhenfund. Read More

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eShares raises $42 million to manage equity compensation and investments

 eShares wants to be the platform for all things equity.
From cap table management to secondary transactions, eShares’ software helps businesses like Slack, Flexport and Funding Circle keep tabs on their shares.
The startup is raising a $42 million Series C, led by Menlo Ventures and Social Capital. Matt Murphy from Menlo Ventures and Arjun Sethi from Social Capital will be joining the… Read More

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ShiftLeft promises to protect your code even when you ignore security threats

 Every day companies are uploading fresh code to the cloud. The pace is startling and that tends to lead to errors. We have seen security software in the past that will check that code for problems and security holes and recommend fixes before launching, but what happens when your programming team doesn’t have time or money to make those fixes (or simply ignores them)? ShiftLeft, a… Read More

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