Curtsy, a clothing resale app focused on Gen Z females, raises $11 million Series A

Curtsy, a clothing resale app focused on Gen Z females, raises $11 million Series A

Curtsy, a clothing resale app and competitor to recently IPO ‘d Poshmark, revealed today it has raised $11 million in Series A funding for its start-up concentrated on the Gen Z market. The app, which progressed out of an earlier effort for renting gowns, now enables ladies to note their clothing, shoes and accessories for resale, […] Like other online clothing resale businesses, Curtsy intends to address the needs of a more youthful generation of customers who are looking for a more sustainable option when going shopping for clothing.”The big space in the market is actually for casual sellers– individuals who are not interested in offering professionally,” explains Curtsy CEO David Oates. When sellers first list their item in the app, Curtsy will advise a cost, then fill in information like the brand, category, subcategory, shipping weight and the suggested selling price, utilizing machine learning systems training on the previous items sold on its marketplace. Curtsy now has numerous hundred thousand people who sell and purchase on its iOS-only app, with a typical deal rates of 3 items sold or purchased per month. …

Arthur.ai snags $15M Series A to grow device learning tracking tool

Arthur.ai snags $15M Series A to grow device learning tracking tool

At a time when more companies are constructing artificial intelligence models, Arthur.ai wants to help by ensuring the design precision doesn’t start slipping with time, consequently losing its ability to precisely determine what it was supposed to. As demand for this type of tool has actually increased this year, in spite of the pandemic, the startup […] Even as COVID has actually wreaked havoc throughout much of this year, the business has grown profits 300% in the last 6 months smack dab in the middle of all that. And so we are starting to get some actually nice preliminary client traction, both in standard enterprises as well as digital tech companies,” Wenchel told me. When we spoke a year back, the business had 8 employees. Wenchel says that as a business whose items looks for different types of predisposition, it’s specifically essential to have a varied workforce. …

LA-based Boulevard raises $27 million for its day spa management software application

LA-based Boulevard raises $27 million for its day spa management software application

Boulevard, a medspa management and payment platform, has actually raised$27 million in a brand-new round of funding regardless of a company slowdown&caused by the COVID0-19 pandemic. Established 4 years earlier by Matt Danna and Sean Stavropoulos, Boulevard was inspired by Stavropoulos’inability to schedule a hairstyle and Danna’s inkling that the failure of hair salons and […]
Through those months of interviews the 2 developed the scheduling management and payment platform that would end up being Boulevard. The concept was that Boulevard might build a pretty large service catering to the requirements of a specific niche industry that hadn’t typically been exposed to a purpose-built toolkit for its vertical. On average, organizations increase reservations by 16 %, retail revenue jumps by 18 %and gratuity paid out to stylists leaps by 24%for services that utilize Boulevard, the company stated.”Boulevard is rejuvenating the hair salon and medspa industry, as evidenced by the business’s continual 300-400 %income development over the last 3 years,”said Damir Becirovic of Index Ventures, whose firm led the company’s Series A round and has doubled down with the new capital infusion. As Boulevard broadens, the company might look to get deeper into financial services for the salons and medspas that it’s already working with….

This former Tesla CIO simply raised $150 million more to pull automobile dealerships into the 21st century

This former Tesla CIO simply raised $150 million more to pull automobile dealerships into the 21st century

“I need to pick my words carefully,” states Joe Castelino of Stevens Creek Volkswagen in San Jose, California, when inquired about the management software application on which most car dealerships rely for inventory information, marketing, customer relationships and more. Castelino, the car dealership’s service director, chuckles as he says this. However the joke has apparently been on [ …] Castelino, the car dealership’s service director, chuckles as he states this. As crucially, he says, the car dealership has been able to cut ties with a lot of other software vendors, while likewise making more efficient use of its time. As for whether Musk might spin out any of these, he stated Tesla currently has no plans to do so, recommending it has enough on its plate for the time being. …

Grid AI raises $18.6 M Series A to assist AI engineers and scientists bring their models to production

Grid AI raises $18.6 M Series A to assist AI engineers and scientists bring their models to production

Grid AI, a start-up founded by the creator of the popular open-source PyTorch Lightning job, William Falcon, that intends to assist artificial intelligence engineers more effectively, today announced that it has raised an $18.6 million Series A financing round, which closed earlier this summer. The round was led by Index Ventures, with involvement from Bain […] When you utilize Lightning and Grid it’s hard to make mistakes. That’s the Lightning “magic” applied to training and structure models at scale,” Falcon said. With this new funding, Grid, which currently has 25 employees, prepares to broaden its team and reinforce its business offering by means of both Grid AI and through the open-source task.”I have first-hand understanding of the level that dishonest AI can have,” he said. We feel extremely privileged to be part of Grid’s journey….

Index Ventures’ Nina Achadjian and Sarah Cannon: ‘There’s essentially a limitless bid’ for growth-stage startups

Index Ventures’ Nina Achadjian and Sarah Cannon: ‘There’s essentially a limitless bid’ for growth-stage startups

The venture world is swimming in capital these days, and the flood doesn’t appear to be abating. That’s changing the game for venture capitalists and their firms, which transformed from solo practitioners focused on one stage and a single geographical area to covering all startups in all geos in all industries in just a handful […] …

Extra Crunch Live: Join us today at 2pm EDT/ 11am PDT to go over the future of startup investing with Index Ventures VCs Nina Achadjian and Sarah Cannon

Extra Crunch Live: Join us today at 2pm EDT/ 11am PDT to go over the future of startup investing with Index Ventures VCs Nina Achadjian and Sarah Cannon

The equity capital world is quickly changing, and thank heavens we have 2 of the most intelligent VCs on the future of investing, performance tools, and remote work joining us today to understand all the noise. On Extra Crunch Live today, Sarah Cannon and Nina Achadjian, 2 VC partners based in Index Ventures’ SF […] SF workplace, will talk about these topics and more. Plus, we will be taking questions from the audience, so come prepared. Achadjian has actually been searching for and investing into some of the most fascinating brand-new collaborative business that are reconstructing the business from the ground up (which takes place to have been a brilliant relocation offered our remote-work world this year). …

cargo.one gets $18.6 M to take its air cargo booking platform over the pond

cargo.one gets $18.6 M to take its air cargo booking platform over the pond

Berlin-based cargo.one, which runs a marketplace for scheduling air cargo, has actually closed an$18.6 million Series A round of funding led by Index Ventures. Next47 and previous backers Creandum, Lufthansa Cargo and Point Nine Capital likewise participated in the round, together with a number of angel investors — consisting of Tom Stafford of DST Global […]
It released the booking product two summers earlier, with Lufthansa Cargo as the first airline signed up.”We receive a commission cost from the airline companies for offering their air freight capabilities on our platform. The platform uses real-time presence of available air freight across covered airline companies and routes– aiming to change what can be a difficult procedure of phone and/or email back and forth for its target users(freight forwarding workplaces). Index’s Martin Mignot and Max Rimpel led the Series A financial investment in cargo.one. …

RealityEngines.AI ends up being Abacus.AI and raises $13M Series A

RealityEngines.AI ends up being Abacus.AI and raises $13M Series A

RealityEngines.AI, the maker discovering start-up co-founded by former AWS and Google officer Bindu Reddy, today revealed that it is rebranding as Abacus.AI and introducing its autonomous AI service into basic accessibility. In addition, the company also today disclosed that it has raised a $13 million Series A round led by Index Ventures’ Mike Volpi, who […] In addition, the business likewise today divulged that it has raised a $13 million Series A round led by Index Ventures ‘ Mike Volpi, who will also sign up with the company’s board. Abacus.AI’s objective is to help services execute contemporary deep learning systems into their client experience and service procedures without having to do the heavy lifting of finding out how to train models themselves. The business worked with 1,200 beta testers and in recent months, the team mainly focused on not just helping businesses build their models but likewise put them into production. With today’s launch, Abacus is likewise introducing a brand-new section on its website to showcase models from its community. …

Industrial AI startup Covariant raises a $40M Series B

Industrial AI startup Covariant raises a $40M Series B

Covariant this week revealed that it has actually raised a $40 million Series B, led by Index Ventures. The financing brings the three-year-old Berkeley start-up’s total funding up to $67 million. Co-founded by top UC Berkeley professor Pieter Abbeel, the business is committed to building autonomy for commercial robotics. It’s a category that’s growing hotter than […]…