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The murder of George Floyd last May ignited many things in the United States last year — one of which that was perhaps unexpected: a rise in the number of digital banks targeting the Black community. Some members of the Black community took their belief that big banks are not meeting their ne

A little less than three years ago at the Computer Science Museum in Mountain View, California, the founders of a young company hailing from Cambridge, England addressed a crowd of celebrities, investors and entrepreneurs at Y Combinator’s August Demo Day promising a revolution in food scienc

Online consumer intelligence and social media listening platform Brandwatch has been acquired by Cision, best known for its media monitoring and media contact database services, for $450 million, in a combined cash and shares deal. technewss understands Brandwatch's key executive team will be

AI-enabled synthetic media is being used as a tool for manipulating real emotions and capturing user data by genealogy service MyHeritage, which has just launched a new feature — called “deep nostalgia” — that lets users upload a photo of a person (or several people) to see

There are big investment firms, and then there are big investment firms. Brookfield Asset Management, the Toronto-based,122-year-old outfit whose current market cap is $63 billion and that oversees $600 billion in assets, clearly falls into the latter camp. Think real estate, infrastructure, renewa

"attachment_2118218" aria-describedby="" style="width: 1024px">Raena’s team, from left to right: chief operating officer Guo Xing Lim, chief executive officer Sreejita Deb and chief commercial officer Widelia Liu. Image Credits: Raena Raena was founded in 2019 to create personal care brands wi

Tim Hortons, the Canadian coffee and doughnut giant, has raised a new round of funding for its Chinese venture. The investment is led by Sequoia China with participation from Tencent, its digital partner in China, and Eastern Bell Capital. The round comes two years after Tim Hortons made its foray

Another VC firm has closed on some significant funding for investments — underscoring both the long-term confidence investors continue to have for backing startups in the tech sector, and the amount of money swimming around in venture at the moment. Bessemer Venture Partners announced Thursda

Newsela, a SaaS platform for K-12 instructional material backed by the likes of TCV, Kleiner Perkins, Reach Capital and Owl Ventures, announced today that it has raised $100 million in a Series D round. The financing was led by new investor Franklin Templeton, and brings Newsela's valuation to

Twitter reveals its move into paid subscriptions, Australia passes its media bargaining law and Coinbase files its S-1. This is your Daily Crunch for February 25, 2021. The big story: Twitter announces ‘Super Follow’ subscriptions Twitter announced its first paid product

AT&T just announced an agreement with private equity firm TPG that will turn DirecTV into a standalone company, albeit one that’s still majority owned by the telecom giant. Specifically, AT&T says it will own 70% of the new company, while TPG owns 30%. This transaction values DirecTV

Boating is a hobby steeped in history and tradition — and so is the industry and those that support it. With worldwide connectivity, electric boats, and other technological changes dragging the sector out of old habits, Orca aims to replace the outdated interfaces by which people navigate with a

This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are

Anchorage has raised an $80 million Series C funding round led by GIC, also known as Singapore's sovereign wealth fund. Andreessen Horowitz, Blockchain Capital, Lux and Indico are also participating in today's funding round. The thinking behind this funding round is quite simple. Some compa