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Freshworks raises $150M Series H on $3.5B valuation Nov 15, 2019

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Freshworks, a company that makes a variety of business software tools, from CRM to help-desk software, announced a $150 million Series H investment today from Sequoia Capital, CapitalG (formerly Google Capital) and Accel on a hefty $3.5 billion valuation. The late-stage startup has raised almost $400 million, according to Crunchbase data.

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Yodel.io is a digital receptionist for SMBs taking calls Nov 14, 2019

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Yodel.io, an Austria-founded startup that’s developed a “digital receptionist” to help SMBs and other small teams handle in and outbound phone-calls, has picked up $1 million in “pre-seed” funding. It brings total funding to just over $1.8 million. Backing this round is EXF Alpha, the fund of the European Super Angels Club, and various other unnamed European angel investors.

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These sneakers vibrate Nov 14, 2019

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Sometimes it seems like you can hear a song all the way in your toes. With these new sneakers, you actually can. Meet the new EP 01 sneakers out of DropLabs. Yes, you read that right. We’re talking about sneakers. Invented by a man named Ross Seiler, and led by former Beats by Dre CEO Susan Paley, DropLabs aims to take audio to a whole new level by syncing music, movies and other audio to shoes that vibrate the soles of your feet.

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The Garage is a new blockchain-focused incubator based in Paris Nov 13, 2019

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Meet The Garage, a new incubator in Paris that is all about blockchain projects. Co-founded by Cyril Paglino from Starchain Capital, Fabrice Le Fessant from Dune Network and Oussama Ammar from The Family, the company will support blockchain startups, help big companies launch blockchain projects and educate engineers about blockchain development. The Garage is a sort of puzzle made out of multiple pieces.

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Lawyers hate timekeeping — Ping raises $13M to fix it with AI Nov 13, 2019

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Counting billable time in six-minute increments is the most annoying part of being a lawyer. It’s a distracting waste. It leads law firms to conservatively under-bill. And it leaves lawyers stuck manually filling out timesheets after a long day when they want to go home to their families. Life is already short, as Ping CEO and co-founder Ryan Alshak knows too well. The former lawyer spent years caring for his mother as she battled a brain tumor before her passing.

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African logistics startup Lori Systems raises Series A led by Chinese investors Nov 12, 2019

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African on-demand trucking logistics company Lori Systems has raised a Series A round led by Chinese investors Hillhouse Capital and Crystal Stream Capital. Other participating investors included Nigeria and U.S.-based EchoVC, Flexport CEO Ryan Petersen and Nigerian founder Iyinoluwa Aboyeji. Lori Systems is not disclosing the amount of the Series A. DealStreet Asia reported the round amount at $30 million earlier Friday, but Lori Systems’ CEO Josh Sandler would not confirm that.

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Andreessen Horowitz launches free crypto startup school Nov 12, 2019

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Last month, Andreessen Horowitz (a16z) general partner Chris Dixon announced at TechCrunch Disrupt that the VC firm would run a free crypto startup school. And the company is officially launching its school today. Applications are now open and you have four weeks to apply. With this initiative, a16z wants to democratize cryptocurrencies. Dixon and the a16z has been involved in the cryptocurrency/blockchain space for 7 years, and the firm now wants to share some of its learnings with entrepreneurs.

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Coda Biotherapeutics is developing a cure for pain Nov 11, 2019

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If the researchers, executives and investors behind Coda Biotherapeutics have their way, one day soon there really could be a cure for pain. Co-founded by researchers Joseph Glorioso, from the University of Pittsburgh’s microbiology and molecular genetics department; and Dr. Nicholas Boulis, the founder of Emory’s Gene and Cell Therapy for Neurorestoration Laboratory; Coda uses gene therapies to treat neurological diseases starting with severe pain and epilepsy.

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Uber’s losses top $1 billion, trumping better than expected revenues Nov 08, 2019

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Better than expected revenues couldn’t divert investor attention from the fact that Uber still managed to lose more than $1 billion in the most recent quarter as the company’s stock fell in after-hours trading. There are bright spots in the latest earnings report, not least that the company managed to stanch the bleeding that had cost the company over $5 billion in the previous quarter. Revenue grew to $3.8 billion, up from $2.9 billion in the year-ago period, representing a 30% boost.

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Robocorp announces $5.6M seed to bring open source option to RPA Nov 08, 2019

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Robotic Process Automation (RPA) has been a hot commodity in recent years as it helps automate tedious manual workflows inside large organizations. Robocorp, a San Francisco startup, wants to bring open source and RPA together. Today it announced a $5.6 million seed investment. Benchmark led the round with participation from Slow Ventures, firstminute Capital, Bret Taylor, president and chief product officer at Salesforce and Docker CEO Rob Bearden.

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