Here Be Dragons AR/VR studio gets $10 million funding from Discovery Communications

You might not have heard of Here Be Dragons before, but you’ve probably heard of some of the projects the it’s worked on. Today, this VR and AR production studio is announcing the closure of a $ 10 million series A round of funding. Discovery Communications led this investment. Here Be Dragons has been creating […]

SoundCloud closes critical new funding round, Vimeo’s Kerry Trainor steps in as CEO

(Reuters) — SoundCloud, the world’s most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year. The company, which laid off 40 percent of its staff in July, said in a blog post […]

Yemen’s national blood bank on verge of closing after losing Western funding

Yemen’s national blood bank may cease operations after losing Western financial support. The center’s closure would be a “catastrophe” for the war-torn country, the doctors warned. The fate of the National Blood Transfusion Centre in the capital, Sana’a hangs in the balance after French medical charity Medecins Sans Frontieres (MSF, Doctors without Borders) announced that […]

Converseon Closes Series A Funding to Help Scale Its Award Winning AI-Powered Social Intelligence Technology

PRESS RELEASE: NEW YORK–(BUSINESS WIRE)–August 8, 2017– Converseon, a well-recognized leader in social and voice of customer intelligence technologies and consulting, today announced that it has completed a $ 5 million Series A investment by a group of private investors. Combined with an initial seed round, the company has raised $ 7.5 million in total. […]

Seed funding wilts as Silicon Valley investors fret about valuations and IPO market

SAN FRANCISCO (By Heather Sommerville, Reuters) – The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies. Seed-stage financing has been sliding for the last two years, with the number of transactions down about 40 percent since the peak […]

This former Twitter exec thinks he’s found the next Salesforce — and it just hit $108 million in funding (TWTR)

cableshow/flickr It’s not everyday that Ali Rowghani joins a board of directors. The Y Combinator Partner and former COO of Twitter only sits on three or four boards at a time. Now now he’s added a startup named Segment to that list. Segment offers a marketing platform that lets companies track and consolidate customer data. […]

Heartland tech weekly: VC funding heats up

Here’s this week’s newsletter: Summer is upon us, and startup activity is keeping pace with the rising temperatures. Startups across the U.S. raised $ 21.78 billion over 1,958 deals in the three months ending June 20 — that’s a $ 5 billion jump from Q1, according to Pitchbook-NVCA Monitor. (For 2017, VC investing should beat last year’s $ […]

Lone wolves, scarce funding, and other myths about starting a company in the Midwest

Indianapolis has historically had trouble shaking the “sleepy manufacturing town” image, much like neighboring cities Cincinnati and Cleveland. But, when Salesforce announced the $ 2.5-billion acquisition of Indianapolis-based ExactTarget in 2013, the business community began to reconsider the stereotype. Was innovation possible between the coasts? “The Midwest isn’t the black hole many believe it to be,” […]

Utah’s Podium speaks up: 400 new jobs, $32 million in funding for its marketing software

Even in the often hyperbolic realm of tech startups, Utah’s Podium is on an incredible growth arc since launching its reputation and customer interaction software in 2014. Just two and half years ago, Podium was housed in a spare bedroom of co-founder and CEO Eric Rea’s apartment. A year-and-a-half ago, they’d graduated to a space […]