Top startup news stories you need to know this Monday, March 19
Good morning! Here are some of the top tech startup news stories today Monday, March 19.
Aerial imagery startup Skycision just raised $1.1 million to build better data platforms for farmers. Skycision is a 3-year old aerial imagery startup that provides a data-driven platform that processes drone-collected aerial imagery. Its platform enables users to identify pests, weeds, or blights before they make a significant impact on crops. The company announced it has just raised $1.1 million in a seed funding round led by Innova Memphis, with participation from other investors.
London-based energy startup 4NEW wants to fight the crypto energy crisis by turning waste into electricity. 4NEW is a London-based energy startup that is turning to blockchain to solve the crypto energy crisis. The startup aims to reduce waste and offset the energy burdens of mining. 4NEW is not anexchange.It is a producer of energy. 4NEW is the world’s first eco-friendly, tangible, waste to energy power plant entirely integrated on the blockchain network and dedicated to crypto-mining. It collects the waste, process it through a high pressured combustion chamber generating free energy and organic byproducts. The free energy is applied to an onsite crypto-mining farm resolving the achilles heel of cryptocurrencies; voracious energy consumption met with free energy production.
Phlur, a fragrance startup launched by a former Ralph Lauren exec, is raising fresh funding. Two-year fragrance startup, Phlur, started by Eric Korman, a former Ralph Lauren executive, has raised $2.4 million according to SEC filing. The company is targeting $8 million in venture funding.
Facebook’s data-breach nightmare is getting worse. The social-media giant is on the defensive after revelations that Cambridge Analytica, the data-analysis firm that helped Donald Trump win the 2016 U.S. election, violated rules when it obtained information from some 50 million Facebook profiles. Facebook suspended the firm, which the Guardian explored in this deep-dive. One employee is under review.
Alteria Capital invests $1.3 million in Mumbai food startup Fingerlix. Less than a month after the first close of its maiden Rs 1,000-crore fund, venture debt firm Alteria Capital made its first investment in ready-to-cook food brand Fingerlix. The Mumbai, India-based ready-to-cook food brand startup, Fingerlix, has raised $1.3 million in its first debt financing exercise. This brings it to a total of about $11 million in funding, including equity and debt. Fingerlix will use the capital to build production capacity for its existing presence in the country’s top six cities.
Startup lands $1 million seed round for chairlift screens. Centennial startup Alpine Media Technology wants to start putting touchscreens on chairlift safety bars around ski resorts nationwide. Co-founder Freddie Peyerl said the business – which this year ran a pilot program installing five screens on chairs at Winter Park – raised a $1 million seed round. The company plans to use the funding for hardware, software development, intellectual property and legal costs.
Walmart is facing Amazon head on in India. The retail giant is in talks to spend about $7 billion to become the largest investor in India’s leading e-commerce company, putting it in competition with Amazon in one of the most promising markets.
Foodpanda, Uber take meal apps battle to Bangkok’s food paradise to woo customers. Foodpanda, Line Corp.’s Line Man and Uber Technologies Inc.’s Uber Eats are using promotions, such as free delivery or discounts, to woo customers.