TagMango Raises Seed Round Funding Of INR 5.5 Cr From Y Combinator, Kevin Lin And XRM Media

The company aims to target the next 500 million Internet users of India and to convert creators/influencers into entrepreneurs

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Indian creator monetization startup TagMango on Friday announced that it has raised around INR 5.5 crore in a seed round funding led by Y Combinator, Kevin Lin (co-founder of Twitch), XRM Media, Pioneer Fund, and Angel Investors from the US and UAE.

Tapping into the creator-audience interaction space, the company aims to scale the Indian creator’s ecosystem by empowering homegrown creators with sophisticated monetization channels, tools, and features to build a sustainable business.

And by turning Indian creators into entrepreneurs, the startup aims to foster

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Pigment raises $25.9 million to ‘reboot the spreadsheet’ with next-gen business forecasting

Pigment, which is setting out to “reboot the spreadsheet” and give businesses a “multidimensional view” of their data with its platform, has raised $25.9 million in a series A round of funding led by Blossom Capital.

Founded out of Paris in 2019, Pigment touts itself as a business forecasting platform that circumvents the limitations of “error-prone” spreadsheets and inflexible software to bring a “new standard” to planning and modeling. The platform is still in closed beta, though the company claims to have secured some undisclosed high-profile clients, including a major European bank and pre-IPO startups.

Pigment’s founding team includes co-CEOs Eléonore Crespo, a former financial analyst at Google who later joined Index Ventures as an investor, and Romain Niccoli, cofounder and former CTO of advertising tech giant Criteo.

Incumbents

Pigment is entering a space occupied by some long-standing incumbents, including Anaplan, Workday (which acquired Adaptive Insights in 2018), and trusty

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GoPik Raises Funding From Private Investors In Singapore And India

The company’s aim is to boost its rural distribution through an online and offline network

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India’s rural engagement network GoPik Connect Pvt. Ltd announced on Wednesday it has raised seed round funding of an undisclosed amount from private investors.

The seed round funding will support the company’s growth ambitions, ability to ever expand the engagement network, and further develop the existing network at the grass-roots level.

The company aims to make all kinds of goods and services available at every nook and corner of the country by connecting people with people.

“The team and I are really excited to have the support of our

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PreAct raises $1.6M from Sony, others to help prevent car accidents with crash-sensing tech

(PreAct Photo)

Car accidents kill about 1.35 million people worldwide each year. Despite more advanced collision warning systems now built into cars, crashes in the U.S. have risen more than 12% since 2011.

Now a Portland startup wants to curb those numbers with new crash-sensing technology.

PreAct raised $1.6 million in a round led by Alpha Bridge that included participation from elev8.vc and Sony’s venture capital arm, Sony Innovation Fund.

Founded in 2018 after spinning out of a defense contractor company called Artis, PreAct’s software uses near-field sensors to help sense a vehicle’s surroundings. The technology was originally developed to protect military vehicles from missiles. It allows cars to adjust suspension and seating positions to better prepare for impact. This video shows the software in action.

The 9-person company sells to automotive safety suppliers; auto manufacturers; auto insurance companies; and more. It also works with self-driving firms. PreAct’s tech will

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Space balloon company raises funds, will conduct first test flight next year

A company that plans to send passengers to the edge of space in a pressurized vehicle beneath a large balloon said Wednesday it is on track to fly a demonstration mission next year and has raised the funds needed to accomplish this.

Space Perspective, which is based at Kennedy Space Center in Florida, announced it has raised $7 million in seed funding in a round of funding

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Micron Technology Raises First-Quarter Profit and Sales Guidance

Micron Technology  (MU) – Get Report was climbing Tuesday after the maker of memory chips raised its first-quarter guidance.

Shares of the Boise, Idaho-based company were rising 5.12% to $67.38 at last check.

Micron raised its guidance range for adjusted earnings per share for the quarter to 69 cents to 73 cents from 40 cents to 54 cents, for revenue to $5.7 billion to $5.75 billion from $5 billion to $5.4 billion, and for reported gross margin to 28.5% to 29.5% from 25.5% to 27.5%.

Analysts surveyed by FactSet called for first-quarter earnings of 51 cents a share and revenue of $5.3 billion.

Micron President and CEO Sanjay Mehrotra is scheduled to share further updates at Tuesday’s Credit Suisse Annual Technology Conference, Micron said in a statement.

Separately, Wells Fargo analyst Aaron Rakers raised his price target on Micron shares to $75 from $65, while keeping an overweight

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Bizzabo raises $138 million as events industry goes hybrid

Bizzabo, a platform that helps businesses run hybrid online-offline events, has raised $138 million in a series E round of funding led by New York-based Insight Partners.

The raise comes as the COVID-19 crisis leaves what is likely to be an indelible mark on the trillion-dollar events and conference industry, with many businesses preparing to retain digital elements they were forced to embrace in 2020. Web Summit, one of Europe’s largest technology conferences, recently confirmed that it has already booked the venue for its brick-and-mortar return next year, with the goal of hosting 70,000 in-person attendees — plus up to 80,000 online using a platform it developed itself. News outlet Reuters also confirmed that it would be adopting a hybrid events model next year, combining local networking meetups with online incarnations after it saw some success with this approach during the pandemic.

Offline-online

Founded out of Israel in 2011, New

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Institutional Bitcoin Shop NYDIG Raises $150M for Twin Crypto Funds

Institutional investors are powering this year's bitcoin bull run.

New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop’s skyrocketing clout on the institutional bitcoin scene.

As revealed in two U.S. Securities and Exchange Commission filings, NYDIG Digital Assets Fund I raised $50 million from institutional investors while NYDIG Digital Assets Fund II raised $100 million.

A source familiar with the matter confirmed to CoinDesk that Fund I invests entirely in bitcoin. The source said it is NYDIG’s latest offering for a growing lineup of institutional clients going long on BTC.

Related: Why a $631B Asset Manager Just Changed Its Mind on Bitcoin

It was not immediately clear whether Fund II also invests solely in the market-leading cryptocurrency.

But more intriguing than the size of the two new NYDIG offerings are the identity of the whales who bought in. Just two unnamed investors appear

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SAWO Labs Raises INR 5.5 Cr from StartupXseed to Devise OTP-less Authentication

SAWO, which stands for secure authentication without OTP, will use the fresh capital to strengthen its product portfolio of OTP- and password-less tools along with robo identification and password-less consumer onboarding tools

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SAWO Labs, that eliminates the need for password or one time password (OTP) based authentication, said on Wednesday it has raised INR 5.5 crore seed funding from StartupXseed, a sector agnostic seed and early stage venture capital fund.

SAWO, which stands for secure authentication without OTP, was founded earlier this year. In September, it raised pre-seed investment after being shortlisted by 100x.VC in its second cohort of startups for pre-seed investments.

The two investment rounds have valued the Delhi-based startup at INR 28 crore, as per the official

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UPDATE 4-Chinese smartphone maker Xiaomi raises $3.9 bln in equity deal – term sheet

* Deal is largest of its kind in Hong Kong to date

* Indicative price set at HK$23.70, lower end of range

* Convertible bond deal to raise $855 mln (Adds deal detail)

HONG KONG, Dec 2 (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s

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