Freight startup Flexport soars from “unsexy” to $800M valuation

 Flexport handles the boring logistics of a trillion-dollar business: the tranport of shipping containers around the world. Because the work of freight forwarding seemed so bland, it was long ignored by the tech world. But digitizing the paper work let Flexport speed up shipping so clients keep less inventory on hand while never running out. When you apply that optimization to how every… Read More

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

Benchmark principal Kris Fredrickson leaves for another firm

 Amidst all the drama happening between former Uber CEO Travis Kalanick and Benchmark, Kris Fredrickson has left his role as principal at Benchmark to join Coatue Management, Recode reports. Benchmark has since confirmed Fredrickson’s departure on Twitter. 1/ Thrilled for @krisfredrickson to join Coatue as Partner. Terrific opportunity. Grateful for all Kris has done for @benchmark!… Read More

How living in Silicon Valley has made Kevin Durant a better investor

 Today at Techcrunch Disrupt SF 2017 Warriors player Kevin Durant and his partner Rich Kleiman took the stage to tell the crowd about The Durant Company. While The Durant Company has made about 30 investments to date, Kleiman and Durant were hesitant to call it a VC firm. Instead they likened it a private equity fund that takes stakes in startups like Postmates, but also hospitality companies… 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