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Scale AI Raises $325M in Series E Funding

Scale AI, a San Francisco, CA-based provider of a data platform for AI, raised $325m in Series E funding. The round was co-led by Dragoneer, Greenoaks Capital, and Tiger Global with participation from new investors Wellington Management and Durable Capital followed and existing investors Coatue, Index, Founders Fund, and YC. The company intends to use the funds to continue to expand the team and products. Scale is a provider of a data platform for high quality training and validation data for...
New Zealand General New Zealand San Francisco United States Jeff Wilke Founders Fund

Fintech Brex Raises $425 Million Series D, Now Valued at Over $7.4 Billion

Fintech Brex Raises $425 Million Series D, Now Valued at Over $7.4 Billion Financial management platform for businesses Brex has closed on a $425 million Series D funding round led by Tiger Global. This funding now brings Brex’s valuation to over $7.4 billion according to a statement by the company. Additional investors include new backers TCV, GIC, Baillie Gifford, Madrone Capital Partners, Durable Capital Partners LP, Valiant Capital Management, and Base10. All existing major investors par...
Scott Shleifer Baillie Gifford Henrique Dubugras Madrone Capital Partners Durable Capital Partners Valiant Capital Management

Filecoin Foundation and Filecoin Foundation for the Decentralized Web Expand Boards

Filecoin Foundation and Filecoin Foundation for the Decentralized Web Expand Boards Former Deputy U.S. CTO and Blockchain Association Executive Director Join Boards; Internet Archive Founder and Internet Archive Director of Partnerships Join Advisory Board News provided by Share this article Share this article SAN FRANCISCO, April 21, 2021 /PRNewswire/ -- Today, two organizations dedicated to growing and supporting the Filecoin and Web3 communities have expanded their boards to include industry...
Marta Belcher Katie Biber Joseph Lubin Danny Obrien Alex Feerst Nicole Wong

Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M – TechCrunch

Tribal Credit, which provides credit cards to startups in emerging markets, raises $34.3M The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. The challenges become even more complex when dealing with cross-border payments. Startups that were formed before the pandemic stand to benefit from the shift. One such startup, Tribal Credit, launched its beta in late 2019 to p...
United States Lauren Morton Financial Group Silicon Valley Bank Visa Fintech Fast Track Program Latin America Growth Lending Fund

Brex Now Offers Instant Payouts for Firms Using Stripe, PayPal and Square

Brex Now Offers Instant Payouts for Firms Using Stripe, PayPal and Square April 20, 2021 @ 9:00 am By JD Alois Brex, a Fintech that offers cash management services and corporate cards, is now offering “Instant Payouts” for companies using Stripe, PayPal, and Square.  The feature was first launched last fall for business customers to gain immediate access to cash generated by their business. Instant Payouts were first introduced to customers on Amazon and Shopify. The feature can eliminate ...
Eric Rasmussen Max Segall Kleiner Perkins Senior Product Manager Instant Payouts Lotus Lookout

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The Station: A chat with Scale AI's Alexandr Wang, the NYC scooter winners and TuSimple goes public – TechCrunch

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Just as I was getting ready to ship this newsletter, I spotted that there was a fatal crash involving a Tesla, in which no one was in the driver’s seat. There was an individual in the passenger seat and one in the rear. Both men died. Follow @KPRC2Deven, the Houston reporter who broke this story over the weekend, to...
United Arab Emirates United States Cheng Lu San Francisco Noord Holland Spring Hill

LendIt Fintech USA is Just Two Weeks Away – Bankless Times

LendIt Fintech USA is Just Two Weeks Away The fintech world will be gathering online on April 27-29 for the ninth annual LendIt Fintech USA event. We have upped the ante on last year’s successful online event and will be broadcasting live from the production studio at the Javits Center in New York City. This will be an online event unlike anything you have ever attended. So, what can you expect at LendIt Fintech USA? Here is a run down of the different components of the show. Networking We ...
New York United States Colin Walsh Jennifer Tescher Nick Molnar Mike Cagney

REX accuses Qantas Group of capacity dumping

Airline Ratings Qantas is sending in “all the cavalry” to attack REX claims its deputy chairman John Sharp. “It reminds me of the bitter war between Qantas CEO Alan Joyce and then Virgin Australia boss John Borghetti that led to the biggest loss in Qantas’s history and the beginning of the end of Virgin.” “At the time Alan Joyce said that for every aircraft that Virgin Australia put in the sky he would put in two,” Mr. Sharp said. “Today’s announcement of the deplo...
New Zealand New South Wales Gold Coast Alan Joyce John Sharp John Borghetti

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