Fund Raising By Insurance Start-up; All Set To Launch Revolutionary Smartphone Insurance

Fund Raising By Insurance Start-up; All Set To Launch Revolutionary Smartphone Insurance

A start-up in the insurance space, Sure, has raised $8 million via Series A funding. Sure has also launched a smartphone insurance product offering. The USP of this is that any smartphone can be insured and not necessarily new ones. The condition of the smartphone is tested using remote access and requires minimal customer interaction. The funding: Pioneered by IA Capital, other popular names such as Menlo Ventures, FF Venture Capital, Nationwide Ventures, Assurant and…

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BenevolentAI, A London-Based AI Startup Recruits 50 New Employs Amid U.K. Boom⁠⁠⁠⁠

BenevolentAI, A London-Based AI Startup Recruits 50 New Employs Amid U.K. Boom⁠⁠⁠⁠

A successful start-up involved in drug research in the UK named BenevolentAI is looking to hire more people. The organisation wants to nearly double its current human resource strength from 70 people by bringing 50 more employees on board. They are considering increasing their manpower in the areas of biotechnology and data sciences. About BenevolentAI: BenevolentAI is an entity that operates in a niche; intensively using artificial intelligence to discover drugs that can cure diseases….

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Chicago Based Startups Raise $72 Million in Total

Chicago Based Startups Raise $72 Million in Total

Today 3 startups based in Chicago raised a mouthwatering sum of $71 million. The biggest among them is Fusion Risk Management which raised $41 million. This company specializes in helping large companies plan for and respond to emergencies when a disaster strikes. This is done through a software platform that creates plans for companies to be followed in case of a disaster. The funding was led by Catalyst Investors which is a New York-based company….

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MENA Saw 60 Startup Exits in The Last 5 Years Amounting to an Estimated Sum of US $3 Billion

MENA Saw 60 Startup Exits in The Last 5 Years Amounting to an Estimated Sum of US $3 Billion

Keeping a startup running is even tougher than starting it in the first place as 60 such startups got to know this in the last 5 years. MAGNiTT has released the results of its analysis on technology startup exits in MENA (The Middle East and North Africa) region. Some of the facts that have surfaced are really eye-opening, to say the least. 2015 saw the biggest number of startup exits with 16 companies either selling…

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Apple and Chevrolet Bet Big on Autonomous Cars

Apple and Chevrolet Bet Big on Autonomous Cars

Apple has been keeping the world in dark over its secret car. It has now come to light that Apple has been working on Autonomous car systems and it has been done so by the CEO of the company Tim Cook. He said this in an interview conducted by Bloomberg Television on Monday. This is the first time that any company member has come out and said this about the company’s future plans. He said…

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Snapchat, your gateway to getting a job at McDonald’s

Snapchat, your gateway to getting a job at McDonald’s

Global fast food chain McDonald’s has decided to use multimedia sharing application Snapchat to hire 250,000 new employees in the United States. The modus operandi is by using videos that are 10 seconds long in which existing employees discuss their experience at McDonalds. At one swipe, interested candidates can view the careers page and take it forward from there onwards to discover outlets in their locality which are hiring. This is not the first time…

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Apple and Dell join Foxconn to buy Toshiba’s Chip Business

Apple and Dell join Foxconn to buy Toshiba’s Chip Business

Apple and Dell have joined hand with the world’s largest contract electronics manufacturer, Foxconn to bid for the chip unit of Toshiba Corp. The company’s CEO Terry Gou told reporters on Monday that Kingston Technology will also be a part of the bidding group with Amazon still on the fence about the decision. Foxconn is also in talks with Microsoft Corp, Cisco Systems Inc, and Alphabet Inc to participate in the bid. It is currently…

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Lyft valued at $7.5 Billion post Jaguar’s $25 million Investment

Lyft valued at $7.5 Billion post Jaguar’s $25 million Investment

Lyft Inc., an upcoming competitor of Uber, has tied up with automobile company Jaguar to work on a self-driven car for their ride sharing services. As far as the financial aspect is concerned, an investment of $25 million by the former in the latter is also involved, post which Lyft is valued at $7.5 billion. As recently as last month, Lyft partnered with Waymo, Google’s self-driving car project. Lyft has also partnered with General Motors…

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Sirius XM to invest $480 million in Pandora Internet Radio

Sirius XM to invest $480 million in Pandora Internet Radio

Sirius XM Holdings, a huge name in the broadcasting services industry based in the United States of America, has recently decided to invest $480 million in a music streaming and recommendation service named Pandora Internet Radio. Pandora has given three seats and the chairman’s to Sirius along with a significant chunk of its shareholding. However, Sirius cannot buy more stock in the company for the next 18 months according to the deal. The scope of…

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Uber Board Members Conflict on Removal of Top Executive from the Company

Uber Board Members Conflict on Removal of Top Executive from the Company

Uber’s board of directors had a meeting on Sunday in order to discuss the long absence of the company’s chief executive Travis Kalanick. Board members also discussed the degrading culture of the company reeled on back of sexual assault allegations from some of former as well as current employees. The meeting was held in the Mr. Holder’s law firm in Los Angeles called the Covington and Burling. The three people involved in the meeting requested…

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