Top tech startup news for today, Tuesday, July 16, 2019
Below are some of the top tech startup news for today, Tuesday, July 16, 2019.
AI startup RoadBotics raises $7.5 million Series A funding to accelerate growth. RoadBotics, a Pittsburgh, PA-based Artificial Intelligence-driven, computer vision road assessment company, closed a $7.5M Series A funding to accelerate its growth and development of new products. The round was led by Radical Ventures, with participation from Hyperplane Venture Capital and Wharton Alumni Angels of Silicon Valley. Spun out of Carnegie Mellon’s Robotics Institute in 2016 by Mark DeSantis, Dr. Benjamin Schmidt, and Dr. Christoph Mertz, RoadBotics is an infrastructure technology company that uses AI to allow governments and engineering firms to make data-driven pavement management decisions.
Twitter gets a makeover and major redesign. After a long year of familiar home page, Twitter thinks it’s time for a make over. The popular social website just got a major redesign. The new look began rolling out to users worldwide on Monday afternoon. The company said changes were made to create an even more “accessible and universal way to join the conversations [people] care about.” That’s important as the company looks for way to further increase its user base.
UK fintech startup Curve scores $55 million to help consolidate all bank cards into a single smart card and app; now valued at $0.25 billion. In a record year for Fintech investments, Curve is now amongst the top 5 UK Consumer Fintechs. Today, a London, England-based fintech platform that consolidates all bank cards into a single smart card and app, announced it has secured $55 million from a leading group of investors as part of a successful Series B funding round, valuing the company at a quarter of a billion dollars. Curve will use the funds from its latest Series B to accelerate its product development and introduce new experiences.
Capital Rx raises $12M in Growth Funding. Capital Rx, a health technology startup, has raised $12 million in growth financing to accelerate go-to-market execution and bolster its technology platform. The round was led by Edison Parters. Launched in April 2018, Capital Rx has realized 3,000% year-over-year revenue growth, with customers including Philadelphia Federation of Teachers, The International Brotherhood of Teamsters and WoodForest Bank. Through its platform approach, the company delivers data-driven insights and actionable strategies for customers to reduce costs, while improving patient outcomes.
Pixion Games lands $2 million in seed funding to develop mobile Esports games for everyone. Pixion Games, a London-based studio focused on building competitive esports games for mobile devices, has closed $2 million in seed funding to develop the Company’s games and scale the team. The round was led by Eldridge Industries (“Eldridge”), a private investment firm. Jabre Capital Family Office and three angel investors also participated in the round. Pixion Games’ mission is to bring the thrill of Player Versus Player (“PVP”) gaming to the next generation of mobile gamers, building competitive multiplayer games that can be enjoyed in short sessions leading to the expansion of “lunchtime esports.”
Cell Vault joins the fight against cancer, raises $1 million in funding for first-ever T-Cell cryopreservation bank. Cell Vault, the Daytona Beach, Florida-based startup announced it has raised $1 million in an initial round of funding for the world’s first T-cell bank. The round was led by Silicon Valley investors who share in the vision of t-cell cryopreservation as a tool in the fight against cancer. Cell Vault makes it possible for people to prepare for a battle against cancer by banking the strongest versions of their t-cells. “We see the future for CAR T-cell therapy to combat many kinds of cancers in addition to those currently approved by the FDA. Cell Vault is giving people the ability to preserve and bank healthy, strong t-cells for future cancer treatment,” says Cell Vault founder Kevin Kirk.