Graphcore’s AI chips now backed by Atomico, DeepMind’s Hassabis

 Is AI chipmaker Graphcore out to eat Nvidia’s lunch? Co-founder and CEO Nigel Toon laughs at that interview opener — perhaps because he sold his previous company to the chipmaker back in 2011. Read More

AngelList co-founder Babak Nivi out ‘for my own reasons’

 “Mr. Nivi has no role at the company” AngelList COO Graham Jenkin told TechCrunch in response to questions regarding the curious absence of the investment platform’s co-founder. It’s atypical for the creator of such a high-profile company to seemingly disappear without any form of announcement. Read More

AngelList co-founder Babak Nivi out ‘for my own reasons’

 “Mr. Nivi has no role at the company” AngelList COO Graham Jenkin told TechCrunch in response to questions regarding the curious absence of the investment platform’s co-founder. It’s atypical for the creator of such a high-profile company to seemingly disappear without any form of announcement. Read More

Hong Kong is showing promise as a destination for tech IPOs

 The U.S. tech IPO window may have reopened in 2017 following a lull last year, but the outlook is also looking rosier for another listing platform located on the other side of world. The Hong Kong Stock Exchange (HKSE) is experiencing a renaissance of sorts among the tech industry. Selfie app company Meitu held the largest listing from a tech company for nearly a decade in December —… Read More

Viber acquires Chatter Commerce, the startup behind its shopping keyboard

 Messaging app Viber earlier this year made its first foray into shopping services with Instant Shopping, a feature that suggested items for sale based on your chats and a keyboard to help you navigate this. Today, the company is announcing some more e-commerce related news: it’s buying the startup that helped build that feature. Viber has acquired Chatter Commerce, maker of a service… Read More

The virtual used car dealership Shift raises $38 million

 Shift, the online used car reseller that takes the crappy dealership out of the sales experience, has raised $38 million in its latest round of funding. The company, which is wildly popular among millennials that still buy cars, managed to raise the money from investors led by BMW i Ventures, which has been on an investment tear recently. Read More

India’s Rentomojo raises $10M from Bain Capital and Lending Club founder

 Indian startup Rentomojo — which lets consumers rent appliances furniture, motorbikes and other urban living essentials — has closed a $10 million Series B to continue its expansion. The round was led by Bain Capital Ventures, and others that put in include Lending Club founder and former CEO Renaud Laplanche and existing investors Accel and IDG. It’s nearly one year to the… Read More

The secondary marketplace EquityZen just landed $3 million in funding

 The number of public companies in the United States is at a 40-year low; that’s good news for EquityZen, a four-year-old, New York-based company that operates a secondary marketplace for company-approved transactions in pre-IPO stock. Read More