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Author: Catherine Shu

VComply raises $2.5 million seed round led by Accel to simplify risk and compliance management

Risk and compliance management platform VComply announced today that it has picked up a $2.5 million seed round led by Accel Partners for its international growth plan. The funding will be used to acquire more customers in the United States, open a new office in the United Kingdom to support customers in Europe and expand its presence in New Zealand and Australia. The company was founded in 2016 b...

Southeast Asian cloud communications platform Wavecell acquired by 8×8 in deal worth $125 million

Wavecell, a cloud-communications platform for companies in Southeast Asia, announced today that it has been acquired by 8×8 in a deal worth about $125 million. The acquisition will help San Jose, California-based 8×8 expand in Asia, where Wavecell already has offices in Singapore, Indonesia, the Philippines, Thailand and Hong Kong. Wavecell’s cloud API platform, which includes SMS, chat,...

Swit, a collaboration suite that offers “freedom from integrations,” raises $6 million in seed funding

A marketplace dominated by Slack and Microsoft Teams, along with a host of other smaller workplace communication apps, might seem to leave little room for a new entrant, but Swit wants to prove that wrong. The app combines messaging with a roster of productivity tools, like task management, calendars and Gantt charts, to give teams “freedom from integrations.” Originally founded in Seo...

Brooklinen, known for high-quality bed sheets, launches its first line of loungewear

Brooklinen, the direct-to-consumer bed sheet brand backed by investors including FirstMark, is entering the apparel space with its first line of loungewear. The company says its designs, including tops, pants, shorts and a dress, are inspired by vintage athletic clothing and made from cotton and modal blended with spandex. Prices range from $28 for a t-shirt to $75 for jogger pants. The startup, w...

Smart scooter company Gogoro launches GoShare, an end-to-end vehicle sharing platform

Founded in 2011, Gogoro now makes the best-selling electric scooters in Taiwan, where it is headquartered. The startup has always seen itself as an end-to-end platform developer, however, and today it marked a major milestone with the announcement of a new vehicle sharing system. Called GoShare, the program will start operating with a pilot fleet of about 1,000 Gogoro smart scooters next month in ...

TikTok is being investigated in the U.K. for how it handles children’s data and safety

TikTok is being investigated in the U.K. for how it handles the safety and personal data of underage users. According to the Guardian, information commissioner Elizabeth Denham told a parliamentary committee that the probe started in February, after the U.S. Federal Trade Commission levied a $5.7 million fine against TikTok for breaking children’s privacy law. Denham told the Guardian that t...

Fungible raises $200 million led by SoftBank Vision Fund to help companies handle increasingly massive amounts of data

Fungible, a startup that wants to help data centers cope with the increasingly massive amounts of data produced by new technologies, has raised a $200 million Series C led by SoftBank Vision Fund, with participation from Norwest Venture Partners and its existing investors. As part of the round, SoftBank Investment Advisers senior managing partner Deep Nishar will join Fungible’s board of directors...

WeWork acquires Waltz, an app that lets users access different spaces with a single credential

WeWork announced today that it will acquire Waltz, a building access and security management startup, for an undisclosed amount. Waltz’s smartphone app and reader allows users to enter different properties with a single credential and will make it easier for WeWork’s enterprise clients, such as GE Healthcare and Microsoft, to manage their employees’ on-demand memberships to WeWork spaces. WeWork’s...

San Francisco takes the final steps toward becoming the first U.S. city to ban vaping product sales

San Francisco’s Board of Supervisors unanimously approved an ordinance today that prohibits the sale of e-cigarettes within the city. If signed into law, the new legislation would amend the city’s health code, making it illegal for stores to sell vaping products or for online retailers to ship them to San Francisco addresses, which means it would become the first city to enact such a ban. Sa...

San Francisco is getting closer to an e-cigarette ban to protect kids, but it may hurt adult smokers who use vaping to quit

San Francisco is getting closer to banning the sale of e-cigarettes in the city in a bid to prevent minors from accessing them—but the new legislation may also hurt adult smokers who are trying to quit. The city’s Board of Supervisors today voted unanimously to approve two proposals: legislation that would ban the sale or delivery of e-cigarettes in San Francisco and a separate proposal that would...

Google will start attributing lyrics in its search results to their third-party providers

Earlier this week, music lyrics repository Genius accused Google of lifting lyrics and posting them on its search platform. Genius told the Wall Street Journal that this caused its site traffic to drop. Google, which initially denied wrongdoing but later said it was investigating the issue, addressed the controversy in a blog post today. The company said it will start including attribution to its ...

Youper, a chatbot that helps users navigate their emotions, raises $3 million in seed funding

Youper, a mental health app with a chatbot it calls an “emotional health assistant,” has raised $3 million in seed funding from Goodwater Capital. The funds will be used to accelerate development of Youper’s artificial intelligence-based capabilities and grow its user base. Based in San Francisco, Youper was co-founded in 2016 by Dr. Jose Hamilton. For a decade, Hamilton worked a...

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