Sprout.ai raises $11m Series A led by Octopus Ventures to apply AI to insurance claims

It was way back in 2018 that Omni:us appeared to disrupt the insurance market by applying AI to this most legacy of all industries. It has now gone on to raise $44.1 million. In a similar vein, Shift Technology in France has raised $100 million. Now a UK startup aims to do something similar, butContinue reading “Sprout.ai raises $11m Series A led by Octopus Ventures to apply AI to insurance claims”

Lucid Motors taps Waymo, Intel veterans ahead of public listing

Lucid Motors is beefing up its executive and technical leadership team, hiring people from Waymo, Intel and Xperi as it prepares to become a publicly listed company. The automaker said Wednesday that Sherry House, who formerly worked at Waymo, will be its new chief financial officer. House was at Waymo for four years, most recentlyContinue reading “Lucid Motors taps Waymo, Intel veterans ahead of public listing”

Egypt’s Flextock closes $3.25M in the largest pre-seed yet in MENA

Flextock, one of the 10 African startups from the recent Y Combinator winter batch, has bagged an impressive pre-seed round just two months after graduation.  The five-month-old company, which helps consumers and businesses manage e-commerce and fulfillment operations —  from warehousing and logistics to delivery and cash collection — has closed a $3.25 million pre-seedContinue reading “Egypt’s Flextock closes $3.25M in the largest pre-seed yet in MENA”

StudySmarter books $15M for a global ‘personalized learning’ push

More money for the edtech boom: Munich-based StudySmarter, which makes digital tools to help learners of all ages swat up — styling itself as a ‘lifelong learning platform’ — has closed a $15 million Series A. The round is led by sector-focused VC fund, Owl Ventures. New York-based Left Lane Capital is co-investing, along withContinue reading “StudySmarter books $15M for a global ‘personalized learning’ push”

Kenya’s Lami raises $1.8M to scale API insurance platform across Africa

Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number drops to a measly 1.12%. Unlike other parts of the world, most African insurance providers neglect the importance of tailored and affordable insurance productsContinue reading “Kenya’s Lami raises $1.8M to scale API insurance platform across Africa”

Fewcents raises $1.6M to help publishers take payments for individual articles, videos and podcasts

  Fewcents co-founders Dushyant Khare and Abhishek Dadoo Many publishers are focused on converting visitors to subscribers, but there’s another important bracket: people who want to view a premium article or video, but not enough to sign up for a subscription. Fewcents, a Singapore-based fintech startup that enables publishers to take “micropayments” for individual piecesContinue reading “Fewcents raises $1.6M to help publishers take payments for individual articles, videos and podcasts”

The Daily Crunch: Tech stocks hammered after US Treasury Secretary speculates on hiking interest rates

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Are startup valuations about to fall? Hello, friends! Alex here to talk to you for a hot second about money. Then we’ll get into startups, venture capital, what Big Tech is upContinue reading “The Daily Crunch: Tech stocks hammered after US Treasury Secretary speculates on hiking interest rates”

Brex, Ramp tout their view of the future as Divvy is said to consider a sale to Bill.com

Earlier today recent dog-parent Alex Konrad and fellow Forbes staffer Eliza Haverstock broke the news that Divvy, a Utah-based corporate spend unicorn, is considering selling itself to Bill.com for a price that could top $2 billion. For the fintech sector, it’s big news. Corporate spend startups including Ramp and Brex are raising rapid-fired rounds atContinue reading “Brex, Ramp tout their view of the future as Divvy is said to consider a sale to Bill.com”

Revel’s Frank Reig shares how he built his business and what he’s planning

It’s only been three years since they hit the streets and Revel’s blue electric mopeds have already become a common sight in New York, San Francisco and a growing number of U.S. cities. However, Revel founder and CEO Frank Reig has set his sights far beyond building a shared moped service. In fact, since theContinue reading “Revel’s Frank Reig shares how he built his business and what he’s planning”

Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected

Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of theContinue reading “Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected”

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