EconomyWeb | Global Economic Outlook
COVID-19 fails to stop the march of the unicorns
July 14, 2020
We’re digging into Q2 2020 venture capital results this week. Today we are exploring U.S.-specific results after taking a broader perspective yesterday. As with every quarter, our goal is to understand how strong, or not, the domestic and global VC markets are so that we can better follow the pace of startup dealmaking. The Exchange […]
RealityEngines.AI becomes Abacus.AI and raises $13M Series A
July 14, 2020
RealityEngines.AI, the machine learning startup co-founded by former AWS and Google exec Bindu Reddy, today announced that it is rebranding as Abacus.AI and launching its autonomous AI service into general availability. In addition, the company also today disclosed that it has raised a $13 million Series A round led by Index Ventures’ Mike Volpi, who […]
Auckland-based photo software startup Narrative raises $2.58 million led by Founders Fund
July 14, 2020
For many freelance photographers, marketing their businesses and editing photos takes as much time, if not much more, than photoshoots. Founded in 2017, Auckland-based Narrative helps professional photographers with tools including a website builder and Narrative Select, an AI-based tool that identifies the best frames from a shoot, cutting down the amount of time it […]
BigCommerce files to go public
July 13, 2020
As expected, BigCommerce has filed to go public. The Austin, Texas, based e-commerce company raised over $200 million while private. The company’s IPO filing lists a $100 million placeholder figure for its IPO raise, giving us directional indication that this IPO will be in the lower, and not upper, nine-figure range. BigCommerce, similar to public […]
SaaS and cloud stocks finally give back ground
July 13, 2020
After a heated run, SaaS and cloud stocks dipped sharply during regular trading on Monday. According to the category-tracking Bessemer cloud index, public SaaS and cloud stocks dropped around 6.5% today, a material blow to the value of some of the world’s most highly valued companies, measured by sector-averaged revenue multiples. After recovering all their […]

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STARTUP • Business
China removes Supercell’s Hay Day and 2,500 other games from iOS app store
July 14, 2020
The Chinese government has cracked down on unlicensed mobile games in China's Apple App Store, removing more than 2,500 games in the first week of July.
Venture Deals
Medly Pharmacy Nabs $100M Series B
July 14, 2020
NEW YORK, NY, Medly Pharmacy (Medly), an industry-leading full-service digital pharmacy, has closed a $100 million Series B funding round.
Lattice Scoops Up $45M Series D Round
July 14, 2020
SAN FRANCISCO, CA, Lattice today announced that it has raised a $45 million Series D growth round.
Traceable Launches With $20M
July 14, 2020
SAN FRANCISCO, CA, Traceable has launched from stealth today with $20 million in Series A funding.
Nasuni Announces $40M Financing Round
July 14, 2020
BOSTON, MA, Nasuni has secured an additional $25 million in new equity financing coupled with a $15 million debt facility.
Verikai Secures $6M in Series A Funding
July 14, 2020
SAN FRANCISCO, CA, Insurance technology company Verikai has raised $6 million in Series A funding led by ManchesterStory.
Pattern Bioscience Inks $9M Series B-1
July 14, 2020
AUSTIN, TX, Pattern Bioscience has received $9 million in additional funding.
Venture Capital
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STARTUP • Trends
15 states will follow California’s push to electrify trucks and buses
July 14, 2020
Image: Proterra

Fifteen states and Washington, DC have announced that they will follow California’s lead in switching all heavy-duty trucks, vans, and buses over to running on electricity, in what could be one of the most significant efforts to reduce harmful diesel engine pollution in the United States. It could also be a big development in the fight for environmental justice because emissions from diesel-powered commercial vehicles disproportionately harm Black, Asian, and Latinx communities.

The states that signed the agreement along with Washington, DC are: California, Connecticut, Colorado, Hawaii, Maine, Maryland, Massachusetts, New Jersey, New York, North Carolina, Oregon, Pennsylvania, Rhode Island, Vermont, and Washington.

California’s Air...

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Technology Trends
Internet Trends
Unlike other tech giants, Amazon won’t say how many workers review posts
July 14, 2020

A timer started the moment he logged in at his desk. He’d scan a post of a product flagged by someone as counterfeit, search for facts, and decide if the item should be pulled from Amazon’s marketplace. He said he gave the entire investigation about three minutes—and then the timer reset. “You can smell it on the floor when you get there—the tension and the stress of everyone on this metric system and on this clock,” said the former Amazon investigator on the company’s marketplace abuse team. He left in 2018 and asked to not be named, fearing speaking publicly…

This story continues at The Next Web

Or just read more coverage about: Amazon
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STARTUP • Insights
First Black woman to co-found a billion-dollar startup details how corporate America can foster racial diversity
July 10, 2020
Zume Pizza co-founder Julia Collins, Planet FWD founder and CEO and first Black woman to co-found a unicorn company, joins 'Squawk Alley' to discuss how start-ups can address racism and redistribute wealth.
Startup Insights
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6 Ways to Improve Your Small Business SEO in 2020
July 14, 2020
Small businesses face immense competition from established brands, but there's still plenty you can do to boost your SEO without substantial funds.
4 Coronavirus Questions That Can Define the Future of Your Business
July 14, 2020
Use this time to discover your business's strengths and weaknesses.

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STARTUP • Stories
UK orders ban of new Huawei equipment from end of year
July 14, 2020
Boris Johnson’s government says existing kit must also be stripped from 5G networks by 2027
Why the UK has decided to ban use of Huawei’s 5G kit
July 14, 2020
Government concluded that company’s products posed threat to security of UK infrastructure
The seven-year switch from Huawei
July 14, 2020
SoftBank ready to deal, losing patience with Palantir, Dyson’s humidifying fan
Democrat urges Apple and Google to curb foreign app data sharing
July 14, 2020
Call for companies to protect app data from ‘unlawful foreign exploitation’ comes as TikTok finds itself in political crosshairs
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