Startups

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If the funding fits, keep it. True Fit, the Boston-based “personalisation platform for apparel and footwear” that helps online shoppers find clothes that fit and are to their liking, has raised $55 million in Series C funding. Leading the round is Georgian Partners, with participation from Cross Creek Captial. Existing backers Jump Capital, Signal Peak
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Y Combinator is pulling the curtains off of a new experiment, YC Bio. The idea is to fund early-stage life-sciences companies that are still in the lab phase, YC President Sam Altman wrote on the YC blog today. YC Bio’s first area of focus will be on healthspan and age-related disease. “We think there’s an
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Codeless development platforms are at once a blessing and a curse. If they’re complete enough to be powerful they are too difficult for beginners and if they’re simple enough for beginners they’re useless for serious work. Zeroqode, a one-stop-shop for codeless creation, aims to make the difficult easy and the easy more powerful. Created by
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Attic Labs, the creator of Noms, an open-source decentralized database, announced today that is being acquired by Salesforce. Terms of the deal, Salesforce’s first acquisition of 2018, were undisclosed. Last year, the company only bought digital creative agency Sequence, according to Crunchbase, taking a break from an acquisition spree in 2016 when it snapped up
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Tech companies working with augmented reality and virtual reality technologies raised more than $3 billion in venture funding in 2017. This data comes from analytics firm Digi-Capital and suggests that while the buzz surrounding the AR/VR space has tapered off, the sheer amount of cash getting pumped into the industry is continuing to surge. Though the report’s
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Each day, kids go to school and lose things. But RagTagd, a Sydney-based company, is looking to fix that. RagTagd is a service that provides ultra-simple RFID tags in kids’ school uniforms and sensor-equipped bins to schools so that lost property can be tracked. When a kid’s lost jumper ends up in a bin at
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The retail industry is one that’s rife for disruption by technology. Under intense pressure from giants like Amazon and Walmart, retailers are often stuck using legacy systems and are ill-equipped to compete using the latest tools. Rubikloud announced a $37 million investment today to help retailers attack the modernization problem with cloud tools built with
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A California judge has dismissed Apartment Investment & Management Company’s lawsuit against Airbnb. Last February, Aimco, which owns or manages about 50,000 properties, sued Airbnb, saying that the company is deliberately incentivizing people to breach their leases. Aimco, which filed the lawsuit in both California and Florida state courts, was seeking monetary damages as well as court orders
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Otto showed the world its digital lock in August. Four months later, the company has suspended operations. Hardware is hard. It’s a cliche for a reason. The company made the decision just ahead of the holidays, a fact that founder and CEO Sam Jadallah recently made public with a lengthy Medium post now pinned to
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Nathan Lustig is an entrepreneur and managing partner at Magma Partners, a seed-stage investment fund in Santiago, Chile. More posts by this contributor: The founders of PayPal and its employees have produced many highly successful companies over the years. In fact, PayPal’s founding team often is referred to as the “PayPal Mafia” because they’ve had