Snapchat Acquires Ukraine-based Startup AI Factory for $166 Million
AI Factory specializes in developing AI business solutions, it is also responsible for Snapchat’s recently released animated selfie-based Cameos feature.
Alchemy Is Going to Become the Microsoft for Blockchain
Having received the funds from the most prominent investors, the founders of the blockchain startup Alchemy have an ambitious goal – to make their project the Microsoft for blockchain.
Intel Invests $2 Billion to Acquire AI Chip Startup Habana Labs
Intel announced that it had acquired Habana Labs in a clear indication that it aims to venture deep into the Artificial Intelligence chip market.
SoftBank Leads $30M Funding Round for AI-powered Cashierless Stores Startup Accel Robotics
SoftBank has led a funding round for cashierless store startup Accel Robotics. This round has brought to the startup $30 million.
Blockchain Accelerator Tribe Backed by Singaporean Government Raises $16M for Startups
Singaporean government-backed blockchain accelerator Tribe has raised about $16 million for startups. In total it has already raised $28 million to support startups.
YСombinator’s Crypto Compliance Startup Raises $4.2M from Investors Including Paypal Ventures
Cryptocurrency compliance startup TRM Labs, which emerged from YCombinator, raises $4.2 Million in funding from various investors including Paypal Ventures.
Santander Buys Majority Stake in Startup Ebury for £350M
Banco Santander is to pay £350 million for a 50.1% majority stake in Ebury, a provider of corporate banking services to SMEs that trade internationally.
How Social Recovery Mechanism for Wallet Keys Works
Vault12 uses social recovery as a method of wallet protection. In order not to lose your keys, you may create a recovery network of your friends.
Walmart and Green Dot Cooperate to Build Fintech Accelerator
Walmart and Green Dot have created a new fintech accelerator called Tailfin to encourage startups to join this industry.
Bitcoin Mining Startup Layer1 Raises $50M from Peter Thiel, Shasta Ventures and Others
By Darya Rudz
Bitcoin mining startup Layer1 will run its own power sub-station and utilize solar and wind energy generated on the plains of West Texas.
Verisart Raises $2.5M to Expand Its Blockchain-based Art Verification Services
By Darya Rudz
Verisart’s funding will be spent on extending the product and engineering team as well as launching a suite of premium services aimed at artists, galleries and collectors.
Aerum Is to Become a Member of Fuchsia Network Consortium
ASR Cryptotechnology is getting ready to introduce its new blockchain that will be known under the name Fuchsia Network.
Blockchain.com Set to Raise $50 Million to Invest in Crypto Startups
By Tolu Ajiboye
Backed by Google and Virgin’s Richard Branson, Blockchain.com is looking to raise $50 million as it plans to begin investing in startups. Blockchain which is already one of the most widely used wallet services, is interested in equity and crypto coins.
New Zealand’s Bank Invests Undisclosed Amount in Blockchain Startup TradeWindow
By Tolu Ajiboye
New Zealand’s Auckland Saving Bank has invested in a blockchain startup called TradeWindow to support the launch of the Distributed Ledger Technology (DLT) trade platform.
Robinhood Is Authorized to Operate as a Broker in the U.K.
Robinhood, the stock trading app, has been approved by the U.K. regulatory instances to operate as a broker. This is a part of the company’s plans to set up a shop in London.