Noah Kerner, Acorns CEO, announces that Americans have invested one billion dollars into Acorns by using their spare change. Noah Kerner joins Yahoo Finance’s Alexis Christoforous and Melody Hahm.
Away raises $50 million in Series C funding
Steph Korey, Away co-founder and CEO, and Jen Rubio, Away co-founder and president, discuss how their company has become one of the fastest-growing female start-ups in the country. To expand they just announced an addtional $50M in funding to help them expand beyond luggage and into the large global travel market.
Luggage Startup Away Raises $50M In Series C And Hits Profitability Within Two Years
Away, a seller of lightweight smart-luggage, has raised $50 million in additional funding from existing investors Forerunner Ventures, Global Founders Capital and Comcast Ventures. The capital will help Away take off into new global markets, widen its product line and open six retail stores in 2018. “It’s really cool to be part of this class of women-founded businesses that are paving the way and proving that anyone should be able to raise money. Not everyone has to look the same as the founders of the past,” says Steph Korey, cofounder and CEO. She and Jen Rubio, both Forbes Under 30 alumnae, launched Away in early 2016 and have announced it reached profitability within its first two years, a feat for a startup that manufactures a high-tech luggage with 100 different parts. “Our luggage is quite complex,” says Korey. “What allows us to invest in high-quality products is the fact that we don’t sell to other retailers.” Without retailers chomping at their profit margins, Away is able to keep their luxury line at “coach prices.”
A popular Nashville butcher shop now delivers its high-quality, pasture-raised meat across the whole country — here's what it's like
When the residents of Nashville want a good cut of meat for dinner or a barbecue, they stop by butcher shop Porter Road, where everything is sourced from a local farm and hand-cut by people who know their meats. The neighborhood favorite, which opened in 2011, was founded by trained chefs Chris Carter and James Peisker, who realized while shopping for their catering business that it was difficult to find quality meat, even when they visited farmer's markets. In 2018, they took the business online to recreate the local experience for home cooks nationwide. "Bringing Porter Road online truly happened out of necessity,
MIT Technology Review - 35 Innovators Under 35 - Alice Zhang, Verge Genomics
Traditional approaches to drug development for diseases like Alzheimer’s, Parkinson’s, and amyotrophic lateral sclerosis (ALS) haven’t offered patients much. Alice Zhang is trying something new. Her company, Verge Genomics, uses artificial intelligence to identify promising compounds, refining the algorithms with high-quality data from patients and lab tests. She hopes this will be a more effective way to find treatments for intractable neurodegenerative diseases. Zhang’s unorthodox method was inspired when she heard a researcher give a talk detailing how hundreds of genes interact in cancer and wondered whether this “network” approach could apply to neurodegenerative diseases. “Computational biology has provided so much insight about cancer,” she says. “The brain is about 10 years behind.”
Alison Brie Swaps Her Wrestling Costume for Boxing Gloves
The star of Netflix’s “GLOW,” which returns for Season 2, is not afraid of getting physical. Alison Brie at the Rumble gym in the Chelsea neighborhood of Manhattan. “I’m not an athlete by nature,” Alison Brie said one afternoon in the Chelsea section of New York, though you wouldn’t guess that from her current role. The 35-year-old actress has been pushing her body to its limits as the star of “GLOW,” the silly-smart Netflix comedy about female wrestling, inspired by the schlocky 1980s franchise Gorgeous Ladies of Wrestling.
The First Burger Built by a Robot Is About to Hit the Bay Area
On June 27, the world’s first robot-crafted burger will roll off a conveyor belt in San Francisco and into the hands of the public. You could call it the freshest burger on Earth. The product, from Bay Area-based Creator, a culinary robotics company, is assembled and cooked in a machine that contains 20 computers, 350 sensors, and 50 actuator mechanisms. It does everything from slicing and toasting the brioche bun to adding toppings (to order) and seasoning and cooking the patties, all in five minutes. The meat is ground to order—why it’s touted as so fresh—and sourced from premium ingredients. It emerges from the machine piled with tomatoes and lettuce, sprinkled with seasonings, and drizzled with sauces, at which point it’s transferred by human hands to the customer. The price: $6.
Taste test: Burger robot startup Creator opens first restaurant
Creator’s transparent burger robot doesn’t grind your brisket and chuck steak into a gourmet patty until you order it. That’s just one way this startup, formerly known as Momentum Machines, wants to serve the world’s freshest cheeseburger for just $6. On June 27th, after eight years in development, Creator unveils its first robot restaurant before opening to the public in September. We got a sneak peek…err…taste. When I ask how a startup launching one eatery at a time could become a $10 billion company, Creator co-founder and CEO Alex Vardakostas looks me dead in the eye and says, “the market is much bigger than that.”
Match buys Hinge, furthering its dating app domination
Match Group has announced that it has bought a majority stake in the dating app Hinge. The company acquired a 51% ownership of Hinge, with the option to acquire the remaining 49% within the next 12 months. With its Hinge acquisition, Match Group continues its dating app domination. Matter of fact, Match Group probably owns most of the dating apps you probably use on a regular basis. Match Group’s current portfolio of dating apps now includes Hinge, Tinder, OkCupid, Match, and Plenty of Fish–along with almost 40 other brands. The only major dating app Match Group doesn’t own is Bumble–and it’s likely to stay that way after the conglomerate sued the anti-Tinder dating app over alleged patent and trademark violations.
Peek raises $23M and inks partnership with Google in push to digitize travel activities
Peek, a U.S. startup aiming to digitize the travel activities industry, has pulled a $23 million Series B round of financing and uncorked a partnership with Google that will help increase its visibility. Founded in 2012 by Ruzwana Bashir (CEO) and Oskar Bruening (CTO), the San Francisco-based startup describes itself as “OpenTable for the activities market” in that it aims to make booking activities as seamless and straightforward as a restaurant or even a flight.
WSJ Top 25 Tech Companies to Watch 2018
#4 Virta Health Corp. Developing an online treatment plan for Type 2 diabetes. Virtual coaches help provide personalized diet plans. Physicians oversee the plans remotely. Based in San Francisco, founded in 2014 by Sami Inkinen, Stephen Phinney, Jeff Volek. Virta has raised $75 million to date and has 101 employees.
Acorns receives 10,000 pre-orders for its newly launched payments card and debit account
Acorns, the financial management service for micro-investments, is adding a rewards debit card to its arsenal of tools aimed at getting Americans to create balanced stock portfolios for economic health. The company has already racked up 10,000 pre-orders for its new (gorgeous) payment card that offers perks like investments into Acorns accounts when users purchase with the card at certain online and brick and mortar retailers. The debit card comes with Acorns micro-investment and its retirement account built into the card’s services. According to the company, it’s the next step in its mission to build an easy,