Startup Accelerator Y Combinator's next cohort will be remote
Famous Silicon Valley-based startup accelerator Y Combinator, which launched Airbnb, Dropbox, and Doordash among many other successful startups, has announced that its next cohort may be entirely remote-based, with its upcoming Demo Day for the Winter 2020 cohort already moved online. Y Combinator has announced that its Summer 2020 cohort may also be moved to video.
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Intel confirms acquisition of Moovit in a $900 million deal
American multinational corporation and technology company Intel confirmed today that the company is acquiring an Israeli transportation and mobility startup Moovit in order to grow its automotive division. Moovit analyses urban traffic patterns and provides transportation recommendations with a specific focus on public transit. Intel is paying around $840 million for the startup
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A Blockchain startup that helps you identify the farmer who grew your coffee
Emurgo, a blockchain technology-based startup collaborated with Indonesian coffee chain Blue Korintji Coffee to help their paying customers identify the farmer who grew their coffee, the company that roasted the beans and even the logistics involved. The main purpose of this technology is to build trust through transparent supply chains. Customers just need to scan a barcode at the coffee shop to track the supply chain
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Korean grocery startup Kurly raises $150M
Korean grocery startup Kurly raises $150M
Kurly, a startup that operates a grocery delivery service in Korea, has secured $150 million in a new financing round months after reports claimed that the firm might be acquired soon. Sequoia Capital, Hillhouse Capital and Digital Sky Technologies invested in the Korean startup’s Series E financing round, which according to news outlet Korean Investors, valued the firm at around $780 million.
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Ikea purchases AI imaging startup for room visualizations
The Swedish furniture giant Ikea has purchased Geomagical Labs, an AI imaging startup, for an undisclosed amount to bring an innovative room visualization technique to its customers. Using Geomagical Labs' imaging technology, users will be able to take a picture of any room with any smartphone, remove the furniture present and be able to decorate the room virtually from scratch using Ikea furniture.
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