Top startup news stories you need to know this Thursday, January 25
Good morning! Here are some of the top tech startup news stories today Thursday, January 25.
Audit giant DNV GL partners with blockchain startup to track assets. Risk management giant DNV GL is partnering with blockchain startup VeChain to launch a more efficient and transparent record of asset ownership. The two companies announced they would be teaming up on Wednesday to develop a blockchain platform to track food and beverages, as well as fashion and retail. The ultimate hope to apply the solution to the aerospace industry.
Meg Whitman is named CEO of Jeffrey Katzenberg’s mobile content start-up NewTV. Meg Whitman has been named to head a new mobile-first media company launched by Hollywood mogul Jeffrey Katzenberg. She stepped down as chief executive of Hewlett Packard Enterprise in November,
SoftBank in talks to back India insurance startup PolicyBazaar. SoftBank Group Corp. is in talks to back leading online insurance aggregator PolicyBazaar at a valuation of at least $800 million, according to people familiar with the matter.
AI startup Doxel is using robots and Lidar to boost productivity at construction sites. After raising $4.5 million funding round this week, AI startup Doxel is aiming to make construction cheaper, and their secret (as with so many startups now) is combining massive amounts of data with deep learning techniques.
Delivery startup Ninja Van raises $85 million. Ninja Van, a Southeast Asian last-mile delivery startup, announced today that it closed $85 million in its Series C funding round. The current round includes investment from international parcel delivery network DPDgroup.
Amazon acquires Cambridge cybersecurity startup Sqrrl. Amazon has acquired Cambridge cybersecurity startup Sqrrl for an undisclosed amount. Amazon is expected to integrate Sqrrl’s advanced threat hunting capabilities with Amazon GuardDuty, an intelligent threat detection service Amazon.
Student creates startup to facilitate peer-to-peer tutoring. Rezvani founded Tutorfly last year at Homestead High School in Cupertino, California, and partnered with Bruin Belles, a campus community service organization, to launch it at UCLA on Monday.
Israel’s Fiverr buys US startup AND CO. Israeli freelance gig platform operator Fiverr has acquired US SaaS platform for freelancers AND Co. No financial details were disclosed but market sources believe that Fiverr paid several million dollars for AND CO, which has raised $2.5 million since it was founded in New York City in 2015.
Boston Scientific Pumps $90 million into heart device startup Millipede. Boston Scientific is infusing medical device company Millipede with $90 million, an equity investment that comes with the option to acquire the startup outright.
Atlanta startup Pindrop aims to power security for the voice economy. As part of its plan to dominate the security of voice-controlled devices, PinDrop just unveiled Pindrop Passport, a new authentication tool that scans a caller’s voice, behavior (how they press their phone to input a pin) and the phone’s signature (whether it’s rerouted or from the wrong geography) to come up with risk scores.
This startup just got $7 million to invent the holographic screen of the future. Light Field Lab just raised a $7 million seed round from Sherpa Capital and Khosla Ventures to make a display that can show computer graphics, or “holograms,” in the real world without a headset. The company was founded by ex-Lytro engineers.