LG announces the first 50 participants in its LG Nova program

LG’s innovation center — LG Nova among friends — today announced that it has selected the first 50 companies for its Mission for the Future global challenge competition. From 1,300 applicants, the company picked its first cohort to start building opportunities with the startups. N

Build a versatile startup team to make pivots easier

Steve Blank’s definition of a startup is “a temporary organization in the search of a repeatable business model”. Temporary, because as soon as you have built a machine where you pour $10 into the top of it, and $11 falls out of the bottom, you’re no longer a startup. Or, if

Sirona Medical acquires Nines’ AI algorithms to rebuild radiology’s IT from the ground up

Sirona Medical, a company developing an “operating system” for digital radiology, has acquired Nines — a company that has developed FDA-cleared analysis and triage algorithms. This acquisition comes during a somewhat shaky moment in AI-based radiology. But Sirona is betting this move prov

As Databricks reaches $800M ARR, a fresh look at its last private valuation

Big-data analytics unicorn Databricks is back in the news, disclosing a new revenue figure and its 2021 growth rate. technewss has been tracking the company for years, curious about its growth and what its rising worth said about its market. Today we’re revisiting its last private round meas

How to grow your organic traffic with earned media

Earned media carries a ton of value, but not everyone understands how to measure its impact or grasp its full effect on your organic growth. While it immediately provides increased brand awareness, earned media can also be an excellent vehicle for building brand authority as well as dramatically im

Unit’s Itai Damti explains how the company fundraises using culture and value

“In my 20-plus years, I have never seen a document like it,” Emmalyn Shaw, managing partner at Flourish Ventures, said during technewss Live. The episode was nearing the end, and Unit CEO and co-founder Itai Damti had just explained how the company’s long-running Culture and Valu

Actual, which renders company ESG data in a SimCity-like platform, raises $5M seed

Trying to deal with the huge amount of data associated with how companies are going to transition to a “net zero” economy is an uphill task. The interface of numbers would tax even the geekiest of CEOs. What if it could all be rendered visually, but also accurately? That's the germ

Metriport helps you take your quantified self to the next increment

Along comes Metriport, which aggregates all of your quantified-self data in one place, and adds clever features like mood tracking, medicine tracking and journaling. All your data lives locally on your device to protect your privacy, and the app can find correlations in your data to help you become

Voltron Data grabs $110M to build startup based on Apache Arrow project

Voltron Data was launched last year by former employees from NVidia, Ursa Computing, BlazingSQL and the co-founder of Apache Arrow. The group came together to build a company on top of Arrow to help companies that don’t want to deal with the headaches of managing an open source project on the

Backed by Accel, Minoan Experience is creating a new category of e-commerce called ‘native retail’

Imagine staying at an Airbnb and becoming so attached to a particular chair or tea set that you want to buy it. Instead of asking the property owner where it's from and tracking it down, Minoan Experience lets you order the product by scanning a QR code. Then it's delivered to your home in

Via competitor RideCo raises $16M to expand on-demand transit software

RideCo, a Canadian company offering cities on-demand transit tech, closed a $15.8 million (CAD $20 million) Series A round. The fresh capital will be put toward further development of its product, which will involve substantially growing its engineering team, as well as its customer service, sales

Remote hiring startup Deel’s new feature gives businesses the option to fund payroll in crypto

In 2019, Alex Bouaziz and Shuo Wang founded Deel, a startup that aims to help companies compliantly hire and pay talent remotely all around the world. The pair's mission was earnest and their vision that remote work was here to stay preceded the COVID-19 pandemic, which only fueled demand for i

Circle to double in value to $9 billion with revamped SPAC deal

Cryptocurrency company Circle has announced that it has terminated its previous agreement with Concord Acquisition Corp., a publicly traded blank-check company — a SPAC. At the same time, it has reached a new deal with Concord Acquisition Corp. for a new merger. If the transaction goes through, C

Ibex Investors’ newest fund is betting on a mobility revolution

When Ibex Investors founder and CEO Justin Borus looks at the transportation industry — and the technological changes that are coming — he sees one of the biggest opportunities in a lifetime. And with a fresh $113 million fund focused on early-stage mobility companies, his firm is tapping into