How Automattic wants to build the operating system of the web

A conversation with Automattic CEO Matt Mullenweg about raising $300 million and the open web Romain Dillet @romaindillet / 8 hours Automattic, the company behind WordPress.com, WooCommerce, Longreads, Simplenote and soon Tumblr, is now worth $3 billion. But its founder and CEO Matt Mullenweg has a bigger goal. He wants to make the web better, […]

Groww, an investment app for millennials in India, raises $21.4M

Of the 1.3 billion people who live in India, more than 100 million of whom are using digital payment apps each day, only about 20 million today invest in mutual funds and stocks. An Indian startup that is betting on changing that figure by courting millennials has just received a big backing. Groww, a Bangalore-based […]

Afore Capital raises second pre-seed venture capital fund

As expectations from seed investors intensify, a new stage of investment has established itself earlier in the venture-backed company life cycle. Known as “pre-seed” investing, one of the first legitimate outfits to double down on the stage has refueled, closing its second fund on $77 million. Afore Capital’s sophomore fund is likely the largest pool […]

Indonesia’s Julo raises $10M to expand its P2P lending platform

Julo, a peer-to-peer lending platform in Indonesia, said on Wednesday it has extended its $5 million Series A raise to $15 million as it looks to scale its business in the key Southeast Asian market. The $10 million Series A2 round for the Jakarta-headquartered startup was led by Quona Capital, with Skystar, East Ventures, Provident, […]

FarmWise and its weed-pulling agribot harvest $14.5M in funding

Automating agriculture is a complex proposition given the number and variety of tasks involved, but a number of robotics and autonomy companies are giving it their best shot. FarmWise seems to have impressed someone — it just raised $14.5 million to continue development of its autonomous weeding vehicle. Currently in the prototype stage, these vehicles […]

Boston-based DataRobot raises $206M Series E to bring AI to enterprise

Artificial intelligence is playing an increasingly large role in enterprise software, and Boston’s DataRobot has been helping companies build, manage and deploy machine learning models for some time now. Today, the company announced a $206 million Series E investment led by Sapphire Ventures. Other participants in this round included new investors Tiger Global Management, World […]

Ironclad raises $50M Series C round for its digital contracting platform

Ironclad, a startup that makes it easier for legal teams to manage their contracts workflow, today announced that it has raised a $50 million Series C round led by Y Combinator Continuity, with participation from Emergence Captial, as well as existing investors including Accel and Sequoia Capital. This round brings Ironclad’s total funding to $83 […]

$100M Grant for the Web fund aims to jump-start a new way to pay online

Getting paid for providing content online isn’t simple, and as the ad-based economy continues to collapse pretty much everyone is looking for alternatives. One problem: While the web is great at moving images and audio and files around, it has a real problem with money. Coil, Mozilla, and Creative Commons hope to change that with […]

FOSSA scores $8.5 million Series A to help enterprise manage open-source licenses

As more enterprise developers make use of open source, it becomes increasingly important for companies to make sure that they are complying with licensing requirements. They also need to ensure the open sources bits are being updated over time for security purposes. That’s where FOSSA comes in, and today the company announced an $8.5 million […]

Plaid announces strategic investment from Mastercard and Visa

When Plaid announced its $250 million Series C investment last year, it left out a couple of key investors. Today it revealed that Mastercard and Visa quietly participated in the round. For a company like Plaid, which builds APIs to enable customers to access their bank accounts inside applications in a seamless way, having the […]