Day: March 10, 2020

Everlaw is bringing modern data management, visualization and machine learning to eDiscovery, the process in which legal entities review large amounts of evidence to build a case. Today, the company announced a $62 million Series C investment. CapitalG (Alphabet’s growth equity investment fund) and Menlo Ventures led the round. Existing investors Andreessen Horowitz and K9 […]

Electric, the platform that delivers IT services to small and medium businesses, has today announced that it has raised an additional $14.5 million on its Series B from 01 Advisors, the fund led by Twitter alums Dick Costolo and Adam Bain. Though the funding is a part of the company’s Series B financing, founder Ryan […]

MessageBird, the Amsterdam-headquartered cloud communications platform backed by Accel in the U.S. and Europe’s Atomico, is unveiling another new product today, this time taking aim at the $350 billion customer service market. Dubbed Inbox.ai and positioned as “Slack for external communications,” the new product — which is to be offered largely for free — enables […]

Cleanly, the YC-backed company that looked to bring tech to the laundry industry, has today announced a merger with NextCleaners. The New York-based companies signed an all-stock deal after more than a year of negotiations, with Cleanly founder and CEO Tom Harari serving as Chairman of the Board and Next CEO Kam Saifi will stay […]

Amazon, along with many other tech companies, said it would continue to pay its hourly employees as its work from home policies were in effect. It also said it was subsidizing rent for businesses inside the buildings it owns. Today, Amazon announced it’s creating a $5 million Neighborhood Small Relief Fund to provide cash grants […]

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Shares of Stitch Fix, a digitally-enabled “styling service,” are off sharply this morning after its earnings failed to excite public market investors. The firm, worth over $29 per share as recently as February, opened today […]

It appears that the teaser from President Donald Trump’s press conference last night about the steps that the U.S. government might take to soften the economic blow of a more severe response from the COVID-19 outbreak in the U.S. has had the desired effect. At least it looks that way, given how the stock market […]

After suffering its third outage in two weeks, Robinhood’s founders may need to take a deeper dive into the technology stack that powers their business. That’s because the outage the mobile asset-trading platform experienced yesterday was unrelated to previous issues that brought down the company’s trading platform last week, according to a company representative. The […]

BackboneAI, an early-stage startup that wants to help companies dealing with lots of data, particularly coming from a variety of external sources, announced a $4.7 million seed investment today. The round was led by Fika Ventures with participation from Boldstart Ventures, Dynamo Ventures, GGV Capital, MetaProp, Spider VC and several other unnamed investors. Company founder […]

Uber Advanced Technologies Group has resumed testing autonomous vehicles in San Francisco, two years after the company scaled back its testing program following a fatal crash in Arizona that killed a pedestrian. Uber’s self-driving vehicle unit is tiptoeing back into testing its autonomous vehicle technology on public roads. Uber ATG ended all testing on public roads after one […]