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Digital pharmacy startup ScriptDash has raised $23 million in funding, according to TechCrunch. Greenoaks Capital led the round with participation from other investors that included Jackson Square Ventures. Also, ScriptDash has rebranded as Alto.
June 13, 2017 at 09:09PM
from Iris Dorbian
Business Standard |
Govt might soon exit Air India totally, says Finance Minister Arun Jaitley
Business Standard The government is in favour of exiting Air India totally if a suitable investor is available, says finance and defence minister Arun Jaitley. “When 84 per cent of the aviation market can be run by private airlines there is no reason why it cannot go to … Govt mulling exiting Air India, says Finance Minister Arun JaitleyFirstpost |
May 27, 2017 at 09:07PM
from
Midway through trading Monday, the Dow traded down 0.09 percent to 20,987.78 while the NASDAQ declined 0.22 percent to 6,087.08. The S&P also fell, dropping 0.17 percent to 2,395.17.
May 08, 2017 at 09:10PM
from Lisa Levin
San Jose, California-based Signifyd, a provider of fraud protection for ecommerce businesses, has raised $56 million in Series C funding. Bain Capital Ventures led the round with participation from other investors that included Menlo Ventures and American Express.
PRESS RELEASE
San Jose, Calif. – May 4, 2017 – Signifyd, the world’s largest provider of Guaranteed Fraud Protection for e-commerce businesses, today announced it has secured $56 million in Series C financing led by Bain Capital Ventures, with additional participation from Menlo Ventures, AMEX and other existing investors. This latest round of funding will be used to expand its teams of engineers and world-class fraud experts and scale its machine learning-enabled Guaranteed Fraud Protection for enterprise merchants across the US, Europe and Asia.
For growing e-commerce companies and brick-and-mortar retailers migrating online, traditional fraud detection has become both ineffective and inefficient. Signifyd pioneered the Guaranteed Fraud Protection offering which provides a 100 percent financial guarantee against fraud or chargebacks on every approved order, thereby shifting liability for fraud away from e-tailers. With the surge in online fraud following the deployment of EMV, e-tailers are turning to scalable 3rd party experts to eliminate fraud losses, especially for orders being shipped overseas and for increased sales volume during the peak holiday season. As Signifyd is only paid on orders it approves, e-tailers get the additional benefit of accepting more orders they had previously turned away due to fear of fraud.
“Our rapid growth has been made possible by our customers’ ability to scale, enter new markets and accept orders their competitors have turned away,” explained Signifyd co-founder and CEO, Rajesh Ramanand. “E-commerce is fiercely competitive and we see a whole new wave of competition arriving in the form of brick-and-mortar retailers shifting their focus online. In this environment, merchants are seeking a fully predictable cost for fraud that can eliminate liability and free up internal resources to focus on growth, customer service along with product and service innovation.”
The new round will be used to attract top talent across the entire company, with a key focus on doubling the current engineering department over the next 12 months. Signifyd benefits from its location in the heart of San Jose’s AI/machine learning hotbed, where it has cultivated an award-winning culture that earned it a spot in Entrepreneur’s Top Company Cultures in America list for 2017. Given its exponential growth and significant market opportunity, Signifyd was also recognized by Forbes as one of the “50 Most Innovative Companies in Fintech” and by Bloomberg as one of the “50 Most Promising Startups You’ve Never Heard Of”.
Signifyd’s Series C round follows its two funding rounds in 2016: a $20 million round last February and a $19 million surge in September. Under leadership from ex-PayPal fraud and risk experts, Rajesh Ramanand and Michael Liberty, the company also increased its number of protected merchants to more than 5,000, saw 20x growth in transaction volume, 4.5x revenue growth year-over-year and boosted its number of employees to more than 100—a 50 percent increase from the year prior. This led to Signifyd moving into a new office to accommodate its growth.
“Signifyd is emblematic of the range of industries that can be reimagined with machine learning and AI. Raj and team have invented a new approach to fraud prevention, harnessing data from over 5,000 merchants to deliver a 6x ROI to their customers,” said Indy Guha at Bain Capital Ventures, who will also be joining Signifyd’s Board. “Bain Capital Ventures has deep ties to the retail ecosystem through investments like Jet.com and our private equity arm owns retail brands like Michael Stores, BlueNile, Toys R’ Us and many others. Our belief in the Signifyd approach runs deep. Thanks to its unmatched machine learning technology, Signifyd will continue to scale and protect some of
the largest online retailers.”
Signifyd supplants outdated fraud prevention methods with a combination of leading machine learning technology and human expertise backed by a 100 percent financial guarantee against fraud. Signifyd’s Guaranteed Fraud Protection—the first guarantee of its kind—fully reimburses customers for any fraudulent transactions that slip through the cracks, effectively removing liability from the merchant. As a result, Signifyd’s clients see a 15-20 percent increase in their bottom line, on average, enough to keep some e-tailers from going out of business.
Today’s news follows a series of key partnerships, awards and other recognitions that have helped solidify Signifyd as the only scalable Guaranteed Fraud Protection provider for e-commerce businesses. Within the past year, the company has partnered with Salesforce Commerce Cloud, Magento, Accertify and ThreatMetrix. Beyond Entrepreneur, Forbes and Bloomberg, Signifyd was recently recognized as the Fraud Innovation Firm of the Year at the Finance Monthly Fintech Awards and by the San Francisco Business Times and Silicon Valley Business Journal as one of the Bay Area’s Best Places to Work.
For more information about Signifyd, please visit http://www.signifyd.com.
About Signifyd
Signifyd was founded to make fraud-free e-commerce available to every business. Signifyd solves the challenges that growing e-commerce businesses persistently face: billions of dollars lost in chargebacks, customer dissatisfaction from mistaken declines, and operational costs due to tedious, manual transaction investigation. As the world’s largest provider of Guaranteed Fraud Protection, Signifyd provides a 100 percent financial guarantee against fraud and chargebacks on every approved order. This effectively shifts the liability for fraud away from e-commerce merchants allowing them to increase sales and open new markets while reducing risk. Signifyd is in use by multiple companies on the Fortune 1000 and Internet Retailer Top 500 list. Signifyd is headquartered in San Jose, CA.
About Bain Capital Ventures
Bain Capital Ventures partners with disruptive B2B founders to accelerate their ideas to market. The firm invests from seed to growth in enterprise software, infrastructure software and industries being transformed by data. BCV has helped launch and commercialize 200-plus companies since 1984, including investments in DocuSign, Jet, Kiva Systems, LinkedIn, Rapid7, SurveyMonkey, Taleo and TellApart. BCV has approximately $3.7 billion of assets under management with offices in San Francisco, New York and Boston. Follow BCV via LinkedIn or Twitter.
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May 04, 2017 at 09:10PM
from Iris Dorbian
Hayward, California-based Abundant Robotics, a provider of robotic solutions for orchard agriculture, has secured $10 million million in Series A funding. GV led the round with participation from BayWa AG, Tellus Partners, Yamaha Motor Company, KPCB Edge and Comet Labs. In conjunction with the funding, Andy Wheeler, a general partner at GV, has been added to Abundant Robotics’ board of directors.
PRESS RELEASE
MAY 3, 2017 (HAYWARD,CA) — Abundant Robotics, the company automating orchard agriculture, today announced $10 million in Series A funding led by GV (Google Ventures) with participation from BayWa AG, and Tellus Partners. Abundant’s new investors join existing investors Yamaha Motor Company, KPCB Edge, and Comet Labs. Abundant will use the funding to commercialize several years of successful research initiatives in agricultural robotics, and continue preparing its first product for commercial launch, a robotic apple harvester. Andy Wheeler, General Partner at GV, will join the company’s board of directors. Abundant Robotics has raised $12 million in venture funding to-date.
Abundant’s mission is to use advanced robotics to make orchard agriculture more productive.
Orchards generate approximately $200 billion of fresh fruit production annually, yet they remain nearly as dependent on grueling manual labor as they did 100 years ago. Critical tasks such as harvesting, thinning, and pruning rely on seasonal surges of manual labor. And, while orchard yields have improved significantly in the last 20 years, labor productivity has not. Without large-scale improvements, fruit and vegetable production will fail to meet the needs of population growth and improved standards of health.
Abundant is focused on meeting the needs of this growing challenge in agriculture. In late 2015, with research funding from the Washington Tree Fruit Research Commission and SRI International, Abundant’s team demonstrated a robotic harvester prototype, the first commercially viable solution for orchard harvesting. Abundant spun out from SRI in 2016 to commercialize this technology and transform orchard automation. The company will initially focus on apple harvesting, and in the long term expects to automate additional types of fresh fruit production.
“Our mission is to bring automation to the hardest jobs in agriculture” said Dan Steere, CEO and co-founder of Abundant Robotics. “We’re excited to work with investors who share our vision for delivering productivity growth needed to support the world’s growing population and improving standards of health.”
“Growers are eagerly looking for an automation solution to solve labor surge issues, and Abundant Robotics is the first of its kind to meet these specialized needs,” said Andy Wheeler, General Partner at GV. “Between the founding team’s deep expertise in agricultural robotics, and the wide potential for expanding beyond apples to adjacent crops, Abundant Robotics is well-positioned to disrupt the orchard harvesting market.”
Abundant Robotics was founded by Dan Steere, Curt Salisbury, and Michael Eriksen, who share early backgrounds in agriculture. The founding team previously worked together at SRI, where they applied leading-edge robotics expertise to agricultural production. Salisbury was a leader in SRI’s robotics group and Eriksen, a software architect, was a key collaborator. Steere initially served as an entrepreneur in residence at SRI Ventures, advising Abundant Robotics before leading the venture full-time.
ABOUT ABUNDANT ROBOTICS
Abundant Robotics’ mission is to deliver robotic solutions for the hardest jobs in agriculture.
Based in California, we are global experts in our fields, love solving important problems, and are passionate about building great products. Growers worldwide are grappling with urgent problems, including rising standards for high-quality produce and scarcity of agricultural labor.
Abundant is currently preparing its first solution, automating apple harvest. Abundant Robotics is headquartered in Hayward, CA.
May 04, 2017 at 09:10PM
from Iris Dorbian
EU are stoking Irish nationalism to make Brexit negotiations difficult. Their behaviour is contemptible. http://pic.twitter.com/0FFjuEnlS7
— Nigel Farage (@Nigel_Farage) May 2, 2017
Independent.ie:Nigel Farage accuses EU of ‘stoking Irish nationalism to make Brexit difficult’
“The EU have indicated that if Northern Ireland would opt to leave the United Kingdom and join up with Eire, there would be absolutely no problem in a new United Ireland automatically becoming a member of the European Union.
“So what they are doing to try to make Brexit negotiations difficult for this government is they are prepared to stoke Irish nationalism and all that could come with that.
“I have to say I think that perhaps this is the most contemptible thing that I’ve heard so far.”His comments follow the formal acknowledgement by EU leaders of the possibility for Northern Ireland rejoining the EU as part of a united Ireland post-Brexit.
Belfast Telegraph: Initial Brexit focus will be on Ireland and border, says EU negotiator Barnier
Speaking in Brussels, Mr Barnier said the opening phase of negotiations would focus on the financial settlement, the status of expatriate citizens and the future border between the UK and EU in Ireland.
“I will pay great attention to the situation in Ireland… I will be going to Ireland next week,” he said.
What he described as the “unique circumstances and challenges” of Ireland in the wake of the peace process and the Good Friday Agreement will, he said, “require flexible and imaginative solutions”.
While Scottish and Irish nationalism can hurt the UK as part of Brexit negotiations, it is a two edged sword considering there are independence movements in several EU countries. If the EU and Britain elevate nationalism to the top of their priorities and social mood declines, the political situation in Europe will become extremely volatile. The breakup of the EU along with several nations could be in the cards, complete with rising military tensions if it gets out of hand.
This string of headlines will look much worse in a time of negative mood:
Guardian: Royal Navy fires flares at Spanish vessel in British waters off Gibraltar
Express UK: ‘HANDS OFF’ Gibraltar will NOT be ‘bargained away’ in Brexit talks, Johnson warns Spain
DailyMail: ‘It’s jaw-jaw, not war-war’: Theresa May tries to defuse Gibraltar row after Spain causes fury by taunting the UK for PANICKING about the Rock being used as Brexit bargaining chip
May 03, 2017 at 09:08PM
from noreply@blogger.com (罗臻)
http://ift.tt/2p5TV5J
But the classic phone will still have a small price tag.
May 03, 2017 at 09:03PM
from Megan Treacy
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Markets Right Now: Stocks move lower in midday trading
Seattle Times U.S. stocks are moving lower in midday trading as technology, health care and consumer-focused stocks lose ground. Apple fell 1 percent Wednesday after investors weren’t thrilled with the company’s first-quarter results, which included lower-than … |
May 03, 2017 at 09:07PM
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