10 things in tech startup you need to know today, Monday, November 13
Posted On November 13, 2017
- Bill Gates commits $100 mn for VC fund, startups to fight Alzheimer’s. Billionaire Microsoft co-founder Bill Gates is to invest $50 million in the Dementia Discovery Fund, a venture capital fund that brings together industry and government to seek treatments for the brain-wasting disease.
- Sequoia Capital invests $50m in Graphcore, a Bristol-based AI startup. Graphcore CEO, Nigel Toon, said Silicon Valley giant, Sequoia Capital has invested in their company. He said that Sequoia was a perfect fit for his company, because of its understanding of the importance of machine learning.
- AdTech startup Suggestv closes Seed from Fuel Ventures. Suggestv, a startup for intelligent video discovery platform for publishers, has closed a $1m Seed led by Fuel Ventures. The company plans to use the funds to solidify its UK business development plans, expand its publisher base and prepare for international expansion.
- Is Faraday Futures’s plan for ambitious electric car plans coming to an end? The end could be near for Faraday Future’s ambitious electric car plans. A once a well-funded electric car startup with over 1,000 employees, has been fading away over the last few months.
- Rombit, an IoT-solution provider dedicated to making your organization future proof, wins Fujitsu Start-up Award. The Antwerp startup won the Startup Award at the Fujitsu Forum in Munich. The Antwerp company develops smart industry and smart city solutions using internet or things technology.
- Massachusetts is touting a $1M program to boost for women-owned life sciences firms. Massachusetts government is planning a five-year, $1 million program that aims to help women entrepreneurs in the life sciences sector.
- Brooklinen, a sheet startup is on track to hit $40 million in sales this year. After the co-founder was told she wasn’t “entrepreneurial,” this woman’s startup Is on track to hit $40 million in sales in 2017.
- Canadian billionaire and technology entrepreneur, Terry Matthews co-launches $10-mn India startup fund. Terry’s investment firm Wesley Clover International Corporation has launched an India-focussed startup fund in collaboration with Pune-based tech incubator Ideas to Impacts Innovations Pvt. Ltd.
- Flux, FinTech startup, aims to digitize paper shopping receipts. The company announced a partnership with Barclays in the U.K. that will see it trial its itemized receipt technology with 10,000 of the bank’s customers. The company aims to convert paper receipts to mobile data services.
- dapulse becomes Monday.com to reflect their vision to solve work challenges for all teams. dapulse, one of the world’s fastest growing startups, announced it is renaming to Monday.com. The new name signifies the company’s broader commitment to spark a dialogue on how to improve working together as humans.