News Archives | Page 628 of 1015 | CREtech

AI startups raised $18.5 billion in 2019, setting new funding record

CRETech January 23, 2020

While overall U.S. venture capital funding dipped in 2019, the artificial intelligence sector bucked this trend by reaching a new annual high for money raised by startups. According to 2019 data from the National Venture Capital Association, 1,356 AI-related companies in the U.S. raised $18.457 billion. That topped the 1,281 companies that raised $16.8 billion in 2018, according to the Q4 2019 Pi...

Proxyclick raises $15M to expand further into the US and other markets

CRETech January 23, 2020

Proxyclick, the leading provider of enterprise visitor management software1, today announced that it closed a $15 million Series B funding round led by Five Elms Capital with participation from Series A investor JOIN Capital. The investment will fund Proxyclick’s accelerated product roadmap and momentum of its sales and marketing reach worldwide, especially in the US—its biggest market. “...

WeWork’s smaller rivals are flashing warning lights

CRETech January 23, 2020

Flexible leasing startups are scaling back after a decade of breakneck growth. WeWork rival Knotel on Friday confirmed layoffs following a report in The Real Deal that it was shedding up to a third of its New York employees. The company declined to publicly confirm exact figures but said the number of employees affected was far less than a third of the staff. Knotel's lease activity dropped roug...

SiteMinder raises $70M at $750M valuation after cresting $70M ARR in 2019

CRETech January 23, 2020

Today SiteMinder, an Australian software company focused on the hotel industry, announced a $70 million (USD) round that values the company at $750 million. That’s about $1.08 billion in Australian dollars, making the firm a Down Under Unicorn, even if it’s a bit shy here in America. According to SiteMinder, the round was “led by equity funds managed by BlackRock.�...

CREtech To Spotlight Multifamily Tech At Upcoming Austin Conference

CRETech January 23, 2020

CREtech (cretech.com), the leading global conference and research company devoted to innovation in the Built World, will be highlighting the leaders in Multifamily tech at its first event in 2020. To be held in Austin, Texas on April 22nd and 23rd, the event will feature the largest and most active landlords/developers, investors and managers in the Multifamily sector sharing their companies tech ...

Hotel Disruptor, Life House, Raises a $30M Series B to Make Beautiful Hotels More Affordable and Authentic

CRETech January 23, 2020

Life House, a tech-enabled lifestyle hotel company, announced the closing of a $30 million Series B fundraise. The investment was led by leading travel-tech investors, Thayer Ventures, with Tiger Global, JLL Spark, and Ashton Kutcher & Guy Oseary’s

Homebound Raises $35M To Rebuild After Wildfires

CRETech January 23, 2020

After the Tubbs Fire destroyed thousands of structures in Northern California in October 2017, homeowners were scrambling to navigate a daunting process of rebuilding. Nikki Pechet watched in horror as her friend, VC and tech exec Jack Abraham, and many others lost their homes. In the aftermath, she witnessed people (including Abraham) struggling to manage “the dizzying process” of rebuildin...

Berlin’s Home pulls in €11M Series A for its landlord and tenant solution

CRETech January 22, 2020

Home, the Berlin-based startup that set out offering an app to help landlords manage rentals but has since pivoted to solve the landlord-tenant problem more directly, has raised €11 million in Series A funding. Backing the round is Capnamic, EQT Ventures, FJ Labs and Redalpine, whilst the new capital will be used for “product innovation”, particularly on the tenant...

Cash, Plastic or Hand? Amazon Envisions Paying With a Wave

CRETech January 22, 2020

Amazon.com Inc. wants to make your hand your credit card. The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their hands, according to people familiar with the matter. They could then pay for purchases with their palms, without having to pull out a card or phone.

Knotel lays off up to a third of its New York-focused staff: sources

CRETech January 22, 2020

Knotel laid off as much as a third of its New York market-focused staff, as the company faces high vacancy rates and a drop in leasing activity. Close to 20 people were fired this week from the co-working company’s office at 22 West 38th Street, former employees told The Real Deal. The location focuses on the firm’s New York market, and had between 50 and 60 employees.