Dremio raises $160M Series E for its data lake platform

Data lake platform Dremio today announced that it has raised a $160 mlion Series E funding round led by Adams Street Partners. Existing investors Sapphire Ventures (which also led the company’s $135 mlion Series D round last year), Insight Partners, Lightspeed Venture Partners, Norwest Ventur

Archive aims to put clothing brands in control of their secondhand sales

It turns out the fashion industry is quite a wasteful industry, contributing an estimated 13 million tons of textile to landfills per year. One of the ways some startups have helped is making the resale of clothing easier by moving it online. However, Emily Gittins and Ryan Rowe, co-founders of Arc

Wandelbots raises another $84 million to teach robots without code

Dresden, Germany-based Wandelbots has raised a healthy sum in the years since it appeared on our Disrupt Berlin stage, way back in 2017. The following year, the no-code robotic software firm raised $6.8 million, followed by another $30 million in June 2020, as excitement around automation continued

What Kai-Fu Lee-backed AInnovation tells us about China’s smart manufacturing

The enthusiasm to find paying customers for artificial intelligence continues in China. AInnovation, a Chinese computer vision and machine learning startup backed by Kai-Fu Lee’s Sinovation Ventures and SoftBank, is trying to automate China’s massive manufacturing industry. Merely four

Otta, a jobs platform with a database approach, raises $20M Series A from Tiger

You'd think that platforms offering jobs listings couldn't be innovated on much these days, but London-based Otta wants to prove that theory wrong. It has a platform for matching jobs at tech companies with candidates by aggregating a lot of information about the company (founder bios, empl

Zoi, a preventive care startup co-founded by a former Macron advisor, raises $23 million seed round

Meet Zoi, a new French startup that wants to combine routine medical checkups with preventive care through a mobile app. The startup has been co-founded by Ismaël Emelien, former special advisor to Emmanuel Macron during the early days of its presidency, and Paul Dupuy, who previously worked on Wo

Intellect, the mental health startup focused on APAC, raises $10M Series A

"attachment_2261726" aria-describedby="" style="width: 999px">Mental health app Intellect’s founder and CEO Theodoric Chew. Image Credits: Intellect Intellect, the Singapore-based mental health startup focused primarily on Asia-Pacific markets, announced today it has raised a $10 million Serie

For the first time in 4 years, profitability beats growth

For the last decade, private company executives have all asked us the same question: “Do public market investors prefer profitability or growth?” While the answer to that question is not simple, the recent trends in the data are clear. In 2021, profitability — measured by free

Telemedicine startups can survive and thrive under renewed regulation

As the pandemic shifts from an acute phase to one in which we learn to live with COVID-19 as an endemic presence, some entrepreneurs and investors may fear what comes next for virtual medicine. Nearly half the U.S. states have ended emergency legal waivers introduced during the pandemic that allowe

Daily Crunch: Peloton CEO in hot seat, activist investor says ‘the ride for Mr. Foley is over’

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Hello and welcome to Daily Crunch for January 24, 2022! Today is a kinda tough day for, well, everyone. The value of assets new and old dropped around the world,

Mentor Collective shakes off its boots to scale student support services

Mentorship is a crucial ingredient to a student's success. The demand for a platform to make the art of advice more accessible is thus easy for entrepreneurs to identify then pitch, but the serendipity — or the chasm between what makes someone an effective mentor versus just a speed dial

3 ways investors can assess the strength of an NFT opportunity

Talk of NFTs may be filling board rooms and news feeds, but their complex and new nature makes it hard for investors to determine which projects show promise. In fact, only a small portion of investors are reaping the most profits from NFTs, according to a study by Chainalysis. I’ve been invo

Mark Cuban on his online pharmacy: ‘Our KPI is how much we can reduce the stress of our patients’

Mark Cuban’s announcement over the weekend of an online pharmacy selling over a hundred generic drugs at near cost was totally unexpected but will likely be welcomed by millions who struggle to afford medication. The billionaire told technewss that the business model is refreshingly simple:

Soona, a virtual photo shoot platform for e-commerce, raises $35 million Series B

Alongside the dramatic growth in e-commerce, in part fueled by the pandemic, there’s also increased demand for services that can help merchants more easily participate online. A startup called Soona, now backed by an additional $35 million in Series B funding, has been tapping into this marke