From Online payment to eCommerce
MateLabs mixes machine learning with IFTTT
If you’ve ever wanted to train a machine learning model and integrate it with IFTTT, you now can with a new offering from MateLabs. MateVerse, a platform where novices can spin out machine learning models, now works with IFTTT so that you can automatically set up models to run based on conditional statements. If you’re not familiar with IFTTT, it’s an automation tool for… Read More
SoundCloud sinks as leaks say layoffs buy little time
A tense scene unfolded yesterday as user-generated music streaming service SoundCloud held an all-hands meeting to explain to employees why it suddenly had to lay off 40 percent of its staff last week. Exiting team members wanted to know why they weren’t warned, while those that survived the cuts wanted assurance that the cost reductions would keep the company afloat for the long-run. Read More
Bitly sells a majority stake to Spectrum Equity for $63M
Bitly is announcing that it has raised $63 million in additional funding from Spectrum Equity — a deal that gives the growth equity firm a majority stake in Bitly.
Founded in 2008, the company was initially known for providing a handy link shortening tool for anyone with a Twitter account, but it’s now focused on using link shortening as a way to provide more control and data to… Read More
Grand Central Tech unveils its fourth class of startups
Grand Central Tech is kicking off the fourth year of its startup accelerator.
As its name suggests, the organization is located near New York City’s Grand Central station. It’s not just an accelerator anymore — it also runs a coworking space, a “hub” for urban tech companies and is taking over the New York Venture Fellows program.
But Managing Director Matthew… Read More
US venture investment ticks up in Q2 2017
Venture investment in U.S. startups rose sequentially in the second quarter of 2017, boosted by large, late-stage financings and a few outsized early-stage rounds in tech and healthcare. Overall, Crunchbase projects that U.S. startups raised $22.7 billion across all stages, from seed through technology growth rounds. That’s up from $20.6 billion in Q1. Read More