Top startup news stories you need to know this Thursday, February 1
Good morning! Here are some of the top tech startup news stories today Thursday, February 1.
AmEx buys AI travel startup Mezi. American Express has purchased a personal travel assistant app that uses artificial intelligence to personalize the online travel discovery and booking experience. The app, from Mezi, helps consumers plan and book trips and allows travelers to message their requests for flights, hotel or restaurant reservations, according to American Express.
Startup Parity Technologies lost $160 million but still wants to shake up Ethereum. Parity Technologies is seeking a do over after a rough 2017, a year in which it suffered one of the most high-profile breaches in the history of blockchain and lost $160 million. Late last year, the company released details on how a critical code flaw resulted in the freezing of $160 million worth of ether.
German API integration startup CloudRail raises $672K seed investment. Today CloudRail announced it has raised 672,138 USD seed round. The seed funding is Ulrich Turck Family Office and SB Rheinland-Pfalz, BWM and several unnamed angel investors. CloudRail provides a single universal API that allows a one to many approach in connecting to services.
Twitter, Craigslist Co-Founders invest in fact-checking startup Factmata. Twitter Inc. co-founder Biz Stone and Craigslist Inc. co-founder Craig Newmark are investing in London-based fact-checking startup Factmata, the company announced Thursday. The amount of the investment is undisclosed. Factmata aims to use artificial intelligence to weed out fake news.
Facebook, Instagram name Detroit startup Waymark a creative platform marketing partner program. After taking home Alphabet Inc’s Game Changer award in June, the three-year-old firm, a component of the Detroit Venture Partners portfolio, announced last week its acceptance into the Facebook Inc and Instagram marketing partner program.
Infosys Co-Founder Shibulal launches his Incubator startup EduMentum. Infosys co-founder SD Shibulal has launched his incubator startup EduMentum. The incubator will work for early-stage organisations working in the space of offline education transformation.