Andrew Ng is raising a $150M AI Fund

 We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund targeting AI investments. Ng, who formerly founded Google’s Brain Team and served as chief scientist at Baidu has long… Read More

Database provider MongoDB has filed confidentially for IPO

 MongoDB has filed confidentially for IPO, TechCrunch has learned. The company has submitted an S-1 filing in the past few weeks and is aiming to go public before the end of the year. New York-based MongoDB helps companies including Adobe, eBay and Citigroup manage databases. Some of its offerings include its name-bearing MongoDB open source database and the Atlas database-as-a-service… 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

betaworks ventures is a not-so-new $50 million early-stage fund

 betaworks, the startup studio responsible for companies like Giphy, TweetDeck, and Dots, is today formally announcing the launch of a $50 million early-stage fund called betaworks ventures. betaworks ventures has actually been active in the market for the last year, though operating somewhat under the radar, and betaworks has been making investments long before that from the over-arching… Read More

Meet the first eight startups in the Verizon Media Tech Venture Studio

Verizon Digital Media Venture Studio Verizon Ventures and R/GA are kicking off the first round of their digital media “venture studio” and unveiling the first lineup of startups. The program was announced back in March, with the goal of helping Verizon find innovation in media and advertising. The company says startups will be connecting — and potentially partnering with — its teams at Oath (the digital… Read More

WanderJaunt wants to make a brand for itself on Airbnb with $2M in seed funding

 I’ll admit, when WanderJaunt co-founder Michael Chen told me he wanted to build a hotel chain, like the Westin, from the ground up on Airbnb, I wasn’t sure what to think. There are already dozens of property management startups for short-term rentals (Vacayo, Guesty etc. And besides, isn’t the commercial dominance and economic power of hotel groups half the reason people… Read More

This outfit wants startups to trade equity for patents from big tech players

 Aqua Licensing is four-year-old patent advisory and transaction firm that typically works behind the scenes, helping companies sell their patents for a variety of reasons. But it has a new proposal for venture-backed startups that are in fundraising mode: it wants them to give big tech companies like AT&T and Lenovo some of their equity in exchange for patents that the companies no longer… Read More