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Epic Games acquires Sketchfab, a 3D-model sharing platform

TechCrunch

More recently, Unreal Engine has been used for different use cases beyond video games, such as special effects, 3D explorations of virtual worlds, mixed reality projects and more. In 2018, the company shared some metrics — 1 billion views, 2 million members and 3 million 3D models.

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60 Top Women-led Venture Capital Firms

American Entrepreneurship

Funding of women-founded startups remains significantly lower than those that are gender-mixed While women entrepreneurs are making significant strides in startup formation, they continue to struggle to gain access to funding on par with men. of all VC funds raised in 2022 to 17.2%—seen as part of a decade-long trend.

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Kenya’s Lami raises $1.8M to scale API insurance platform across Africa

TechCrunch

Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. From the McKinsey report in 2018, the total gross written premiums (GWP) in Eastern Africa was $3.3 The product can also be used by partner businesses to manage their own insurance needs.

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Nym gets $6M for its anonymous overlay mixnet to sell privacy as a service

TechCrunch

But Tor does not do packet mixing — and Nym’s contention is that a functional mixnet can provide even stronger network-level privacy. The tech is open source, but Nym confirms the plan is to use some of the Series A funding for an independent audit of new code.

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Exotel raises $40 million for its full-stack customer engagement platform

TechCrunch

Exotel, which counts Blume Ventures and IIFL Asset Management among its backers, has raised about $100 million in a mix of debt and equity rounds in the last 12 months. Indian ride-hailing giant Ola uses Exotel’s platform to send text messages to its customers. The bank balance dipped to 14 lacs at a point in 2014-15.

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Celus, which uses AI to automate circuit board design, raises $25.6M

TechCrunch

” Celus has built a platform that provides engineers with component data from electronics manufacturers, while adding its own special automation sauce to the mix. ” Founded out of Munich in 2018, Celus had only raised around €5.4 Celus in action. million in seed funding in its four-year history.

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UK’s Atom Learning picks up $25M from SoftBank for an AI-based online learning platform aimed at elementary school-aged students

TechCrunch

The Covid-19 pandemic ushered in a new chapter for virtual learning, giving a boost of attention to existing tools and spurring the creation of new services and use cases as students of all ages were ordered to stay home and stay out of classrooms. It is also notable for being Atom’s first outside funding.