Fundings & Exits – TechCrunch 30 January 2018

Andrew Ng officially launches his $175M AI Fund

 As the founder of the Google Brain deep learning project and co-founder of Coursera, Andrew Ng was one of the most recognizable names in the machine learning community when he became Baidu’s chief scientist in 2014. He left there in early 2017 and launched a number of new AI projects. What he was really working on, though, was his AI Fund. Read More

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Busbud refuels its bus travel booking platform with $11M

 Montreal-based travel booking platform Busbud has closed an $11M Series B round led by iNovia Capital. New investors backing the company include Teralys, Claridge and Plaza Ventures. Existing investor Real Ventures also participated in the round. Read More

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SAP snags CallidusCloud for $2.4 billion

 SAP, the German enterprise software giant, announced it acquired CallidusCloud last night for $2.4 billion or $36 per share. Callidus provides configure price quote (CPQ) and sales performance management tools delivered as a cloud service. The share price is a nice bump for shareholders, representing a 21 percent premium over over the 30-day volume weighted average share price, according to… Read More

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Virtual travel assistant Mezi acquired by American Express

 American Express announced today that it has acquired Mezi, the AI-based virtual travel assistant, for an undisclosed amount. After the deal closes, Mezi will become a wholly-owned subsidiary of American Express. Its technology is already powering AskAmex, a personal concierge app for cardholders that launched its pilot program last year. Read More

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BrowserStack hauls in $50 million Series A from Accel

 It’s not often you see a single venture capital firm investing $50 million in a Series A round. These usually involve a much smaller number spread across a variety of investors, but Accel saw something in BrowserStack, a mobile and browser testing platform, that’s a bit too successful to warrant the usual early-round startup label. BrowserStack has built a huge market with over… Read More

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Uber sells its Xchange Leasing portfolio to car leasing startup Fair

 As Uber works on trying to find a more profitable path ahead for its transportation-on-demand service, it has sold off one of its units that sat peripherally to that business. Fair, the car leasing startup that announced debt and equity funding of up to $1 billion in October, has acquired the active leasing portfolio of Xchange Leasing, a service Uber first established in 2015 to lease new… Read More

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Spendesk raises $9.9 million to build your next corporate card

 French startup Spendesk just raised $9.9 million (€8 million) from Index Ventures with Michael Benabou, Laurent Asscher and Showpad cofounders Louis Jonckheere and Pieterjan Bouten also participating. Spendesk is a service that combines prepaid cards with an expense report solution. After signing up, each employee receives a personal card. Companies can top up their global Spendesk account… Read More

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