Bossa Nova, a startup that developed a robot that keeps an eye on retailers' shelves and notes when items need to be restocked, raised $29 million in its most recent funding round. Some of the money will be used to expand single-store trials.
Blinkist, a German startup that condenses popular nonfiction books and makes them available online on a subscription basis, raised $18.8 million in its most recent funding round. The company plans to hire country-specific managers and to begin offering products in languages other than German and English.
Silexica, a German startup developing tools to be used in writing software for autonomous vehicles, as well as other types of complex software, raised $18 million in its most recent funding round. The company will use the money to further develop a product it calls SLX, as well as to build a platform for running complex software simulations.
Tiller, a French startup that developed software that turns iPads into cash registers for restaurants, raised $13.9 million in its most recent funding round. The company plans to use the capital to expand beyond France and Spain, where most of its customers are now.
Microsoft has acquired Bonsai, a startup that creates deep learning tools to be used by businesses, to bolster its artificial intelligence capabilities. Bonsai's tools give people without AI experience the ability to teach autonomous systems how to carry out tasks.
The World Cup, as a sporting event followed worldwide, contributes to a significant slowdown in trading activity as people turn away from work to watch the matches. One analysis saw trading at 15 global exchanges drop by about a third during games.
Financial firms prize data and data analysis for its ability to help traders stay ahead of market trends, but transforming firms to be data-driven remains a challenge. Some organizations are creating a chief data officer role to join the ranks for the chief information officer and chief technology officer.
A new PitchBook study finds that for venture fund and private equity managers, success breeds more success. The question remains regarding whether it is the culture of a particular firm that leads to repeat good performance or the talent of individual managers.