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South African startup Qwili gets $1.2M to scale its app and low-cost NFC-enabled smartphone

TechCrunch

E4E Africa, a South African venture capital firm, led the round, which welcomed participation from other firms such as Strat-Tech, Next Chymia, Untapped Global and Codec Ventures and angels like Ashwin Ravichandran and Kanyi Maqubela. Qwili sold over a thousand smartphones to end users before the pivot.

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A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. Others believe that new business models are emerging that could replace venture capital all together. VC is still a thing :) If you want to see the full deck you can download it on Slideshare or in the embed below.

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Mage aims to be the ‘Stripe for AI;’ raises $6.3M for developer tools to build AI into apps

TechCrunch

Mage , developing an artificial intelligence tool for product developers to build and integrate AI into apps, brought in $6.3 million in seed funding led by Gradient Ventures. We are like Stripe for AI, making it easier for developers to put AI into apps.”. Mage dashboard. Image Credits: Mage. Shirazi found that in Mage.

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Goodyear Ventures, Porsche Ventures invest in virtual sensing company Tactile Mobility

TechCrunch

Israeli startup Tactile Mobility uses existing vehicle sensor data to enable cars to “feel” the road in a way that generates insights about both the vehicle and the road via its cloud platform. Mapping the roads by measuring tire grip enables Tactile to map things like potholes, cracks in the road, slipperiness, snowfall and more.

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Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

TechCrunch

The round was led by Gojek’s investment arm Go Ventures, with participation from returning investors AC Ventures and East Ventures. Its new funding will be used to expand KitaBeli’s operations in Java, growing its logistics network and developing its mobile app.

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Insight Partners leads $30M round into Metabase, developing enterprise business intelligence tools

TechCrunch

Metabase was developed within venture studio Expa and spun out as an easy way for people to interact with data sets, co-founder and CEO Sameer Al-Sakran told TechCrunch. To date, Metabase has been downloaded 98 million times and used by more than 30,000 companies across 200 countries.

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Activeloop snags $5M seed to build streaming database for AI applications

TechCrunch

Today the company announced a $5 million seed investment led by 468 Capital and CM Ventures with participation from Tribe Capital, Shasta Ventures and various tech industry angels. The program has been downloaded 300,000 times so far. Activeloop image database. Image Credits: Activeloop.