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Used car buying site Carspring goes quiet after Rocket Internet pulls investment

 Carspring, the London and Berlin-based startup that makes it easy to buy a used car, has gone quiet, amid reports that its recent £5 million in Series B funding fell through. According to sources, Rocket Internet has pulled its investment in the company, which it co-founded with ex-McKinsey management consultants Peter Baumgart and Maximilian Vollenbroich. […]

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Cortana will now interrupt your Skype chats

 Microsoft’s virtual assistant Cortana has finally arrived in Skype. Announced at last year’s Microsoft Build 2016 event, the assistant’s integration was also previewed when the company released an overhauled, Snapchat-inspired version of its mobile messaging app this summer. But Cortana for Skype wasn’t ready at that time. Now, the feature is live, offering users… Read […]

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Backstage Capital acquires The Door to continue funding underrepresented founders

 Backstage Capital, the venture firm focused on funding underrepresented minorities, recently acquired The Door for an undisclosed amount in cash and equity. The acquisition makes quite some sense given The Door’s similar focus on helping underrepresented founders get funding. The platform specifically connects those founders to investors. As part of the acquisition, The Door… Read […]

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Petuum secures $93M Series B to push AI into the mainstream

 With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital. Founded last year by Dr. Eric Xing, a Carnegie Mellon machine learning… […]

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