Our favorite pitches from Alchemist Accelerator’s 16th batch

 Alchemist Accelerator, known for its specialty in working with enterprise startups, held its 16th demo day at Microsoft’s offices in Mountain View, California. 18 startups pitched ideas ranging from more traditional marketplaces to frontier aerospace technology. Addressing the packed auditorium before the pitches began, Ravi Belani, managing partner at Alchemist, reasserted his core… Read More

TalkIQ raises $14 million Series A to give enterprises AI insights into voice communication

 There’s no shortage of startups building their brands around AI for enterprise. And within the enterprise, few spaces are as competitive as AI-powered voice analytics. TalkIQ is the latest company in the space to carry home a large round of financing with promise. With $14 million in Series A funding, the TalkIQ team is hoping its proprietary tech stack and engineering-heavy team will… Read More

Matroid picks up $10M Series A to automate video stream monitoring

 As computer vision and object recognition technology continue to mature, we’re edging closer to automating away the exceedingly boring task of monitoring closed circuit TV cameras. Matroid is one of the startups leading the democratization of this variety of machine intelligence. The company is announcing a $10 million Series A this morning from NEA and Intel Capital that brings… Read More

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition


Workplace collaboration platform Slack has closed its long-rumored new round of fundraising, a $250 million round led by SoftBank’s Vision Fund as it seeks to beat back a growing list of competitors with deep pockets.

According to Bloomberg, Slack said it is still sitting on most of the $591 million it had previously raised. The latest round will give the company “operational flexibility.”

San Francisco-based Slack has been one of Silicon Valley’s hottest startups in recent years. But that success has drawn in numerous competitors, including Microsoft which launched Teams earlier this year; Atlassian Corp. has its HipChat service workplace collaboration; Google, which launched Hangouts Chat earlier this year; and Facebook, which is still pushing its Workplace service.

So, $250 million only looks like a lot of money until you look at the balance sheets of those competitors.

Still, according to Bloomberg, Slack has passed 9 million weekly Continue reading "Slack confirms it has raised $250 million at $5 billion valuation amid growing competition"

Descartes Labs raises $30 million Series B for its brand of geospatial analytics

 Descartes Labs is announcing a $30 million Series B this morning in a large round led by March Capital. This comes just three months after one of Descartes’ largest competitors, Orbital Insight, closed its own $50 million Series C with Sequoia. Both Descartes and Orbital are playing in the emerging market of geospatial analytics. These companies use machine learning to produce insights… Read More

GoodTime nabs $2M to match job applicants with interviewers to save time and build rapport

 Despite countless attempts and millions in venture capital, the calendar, one of the most ubiquitous work tools, has remained largely unchanged for as long as I can remember. Rather than overwrite the calendar in an effort to make it obsolete, Ahryun Moon and Jasper Sone, co-founders of GoodTime, are putting the calendar front and center — embracing it as a means of understanding… Read More

Tetra raises a $1.5M seed round to bring deep learning to voice transcription

 There are a million and one services for voice transcription on the market. But even with just one job to do, I’ve never seen a service that can handle the long tale of vocabulary used in the real world. This is particularly challenging if you’re a startup trying to sell your service to enterprises that rely on accurate transcription for their operations. Jon Goldsmith, co-founder… Read More