Good morning! Here’s what you need to know this Wednesday in tech startup news.
PerceptIn raised a total of $11 million to help robotic vacuums and self-driving cars see. PerceptIn, a startup that develops the “eyes and brains” for the next generation computing platforms and the next wave of smart device, has raised a total of $11 million, including a seed round of about $2 million last year and $8 million Series A in 2017. PerceptIn provides the all-in-one perception, insight, and intelligence solutions for robots and autonomous driving
Volkswagen’s startup MOIA builds world’s first ride-sharing car. MOIA, the tech startup owned by the Volkswagen Group, has produced the world’s first purpose-built ride-sharing vehicle. The car has room for six passengers and is fully electric.
Farming startup Indigo raises $203 million in funding from Dubai fund. The Boston-based startup Indigo announced it has raised more than $200 million from Dubai investors. The startup plans to use the new cash injection to reform how crops including wheat, soybeans, cotton and corn are grown around the world. The company has raised more than $500 million to date.
HealthiPass, a health payments startup raised $7.2 million in new funding. Naperville Illinois-based medical-payments startup HealthiPass has raised $7.2 million in new funding. The startup’s software connects with doctors offices and insurers, calculating how much the patient is responsible for after copays, deductibles and other factors. You can use a tablet-based kiosk at your doctor’s office to plug in your insurance and other billing information. HealthiPass plans to use the new funding to hire more employees, increase its sales force and expand to new locations.
Mortgage marketplace lender startup LendingHome reaches $2 billion origination milestone. LendingHome, the mortgage marketplace lender, announced it has originated more than $2 billion in mortgage loans for homeowners and real estate investors.
Indonesia to curate 100 startups to showcase to global investors. Indonesian government is partnering with independent organizations like global Ernest and Young (EY), VC association AMVESINDO and founders of Go-Jek and Tokopedia, to curate 50 to 100 startups in 2018 that will be showcased in the global market.
Flinto, an early education startup raises $7 M in series A funding. Chennai India-based startup Flinto announced in a press release today it has raised $7 million in Series A funding led by Lightbox, and participation from existing investors.
Artificial Intelligence startup Cytora raises $5.9M from QBE, Starr and other investors. Artificial intelligence startup Cytora has raised $5.9 million in new funding to expand and grow the use of its technology, which is designed to help commercial insurers more accurately target, select and price risk. The new funding comes from investors including divisions of QBE’s venture capital arm and Starr Cos.
Big investors are backing fund for ‘Flyover’ Startups. Led by former AOL founder Steve Case, the $150 million “Rise of the Rest” seed fund will be used to fund startups in the Midwest and other areas that are often overlooked by investors. In a New York Times article, the fund is also backed by big name investors such as, Amazon CEO and Google Chairman.
Nearly four out of every five female tech founders have experienced sexual harassment at work. According to a shocking new survey of tech founders by seed-stage venture firm First Round Capital, In a report from recode, 78 percent of female tech founders have either been sexually harassed or know someone who’s been sexually harassed in the workplace,