Tech Brew Ride Home (Bonus) Interesting Raise Episode 1!
Jan 16, 2021
Discover the exciting world of startup funding as big players like HipCamp and News Break secure massive investments. Uncover how AI is revolutionizing sports coverage, making local games more accessible. Learn about innovations in recycling with Amp Robotics and the rise of AI-powered chips by Graphcore. Plus, explore how new tech is enhancing data protection and creating digital banking options for creators. This deep dive into tech funding shines a light on emerging trends shaping our future!
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Hipcamp's COVID Resilience
- Hipcamp, an Airbnb for outdoor stays, raised $57M, doubling its valuation since 2019.
- Despite an initial 80% drop in bookings due to COVID, it rebounded with a 4x transaction increase.
News Break's Local Focus
- News Break, an AI-powered local news app, reached a $1B valuation after a $115M Series C.
- Its founder believes focusing on local news fills a crucial gap in the current media landscape.
Perfect Corp's Beauty Tech
- Perfect Corp, creator of the YouCam Makeup app, secured $50M in Series C funding led by Goldman Sachs.
- This investment highlights the growing importance of AR and AI in the beauty industry, particularly post-COVID.