The field of insurance technology has had a rough time. About 7 years ago, early insurtech companies promised to disrupt the insurance industry with new tech, but today, most of those companies have either been acquired or are floundering in the public markets. Fortunately, insurtech has found a new wave to ride in the past … Read more
Liel Abada penned an emotional farewell after he sealed a £10m move from Celtic to MLS side Charlotte FC. The Israel international took to Instagram after his transfer was announced by the MLS club – who are managed by former Aston Villa boss Dean Smith – to end his two-and-a-half-year stay in Glasgow. Abada had … Read more
A travel-focused startup that the COVID pandemic could have killed has instead thrived. TravelJoy, a company providing a suite of tools for travel entrepreneurs and travel business operators, is now facilitating over $1 billion in annual spend for its customers, as interest in travel rebounded in the U.S. in the post-pandemic months. Now, the company … Read more
What’s more rewarding for an angel investor than paper returns in a startup? An acquisition that turns those paper returns into a cash payout while still maintaining shares in the company. “The return after dilution was eight times my investment,” said Selma Ribica in an interview with TechCrunch recently. “I kept some stock of the … Read more
This week’s Pitch Deck Teardown comes to you from the PCB-laden confines of CES in Las Vegas. Today, we’re looking at the slide deck that video analytics firm Qortex used to raise a $10 million seed round. Qortex uses AI to help brands, media companies and creators identify the right moments in a video to … Read more
Allen Career Institute has acquired Doubtnut in a deal that values the young edtech at $10 million, according to a person familiar with the matter, a reversal of fortune for the once promising edtech leading app. The two firms confirmed the deal on Monday, but declined to share financial terms of the acquisition. Seven-year-old Doubtnut, … Read more
A few of the biggest companies pushing AI, including the legacy Silicon Valley giants Google and Microsoft alongside new blood OpenAI and Anthropic, are coming together to push their own industry body as the main bastion of AI safety. These multi-billion dollar companies’ first boon to the fledgling AI forum is a new director and … Read more
Raghav Poddar was learning laptop science at Columbia College when he grew to become intrigued by the challenges restaurant house owners had been dealing with sustaining a web based presence. A self-described “foodie,” Poddar — who didn’t have a lot time to cook dinner meals — was a heavy consumer of meals supply and pickup … Read more