The Office of the Comptroller of the Currency has fined Citibank $25 million for failing to offer mortgage discounts to all customers. The failure adversely affected borrowers based on "race, color, national origin, or sex," the OCC said.
Commitments made by investors for the initial public offering of Lyft indicate that the IPO, intended to raise $2 billion, is already oversubscribed, sources say. The strong response from Wall Street suggests the company may get a valuation exceeding the $23 billion figure it initially proposed.
Markforged, which makes industrial 3D printers, raised $82 million in a funding round that included investments from Porsche and Microsoft Ventures. The money will accelerate the development of new products.
Mojo Vision, an augmented reality startup that says it is developing an "invisible computing" platform, raised $58 million in a funding round that included an investment from Google's Gradient Ventures. "In addition to advancing critical technologies, this capital moves Mojo closer to initial customer pilots and strategic partnerships," CEO Drew Perkins said.
OJO Labs, a startup working on an artificial intelligence-based personal assistant tailored to the needs of homebuyers and real estate brokers, raised $45 million in its most recent funding round. CEO John Berkowitz said most of the capital will fund an expansion of the company's engineering, product and data science teams.
Thirstie, a startup that provides data analysis and logistics services to liquor brands, raised $7 million in its most recent funding round. CEO Devaraj Southworth says the capital will fund product enhancements and a new data-sharing platform.
Alcatraz AI, a startup that develops facial recognition technology for opening doors, has raised $4 million in a funding round. The capital will be used to further develop the company's algorithms and computer vision capabilities.
Dorian, a startup working on what it calls an "immersive fiction app" that lets viewers influence the direction the story takes, recently raised $2 million. The money will help the startup develop stories targeted to different audiences.
The White House has created a website offering information on artificial intelligence initiatives backed by the federal government.
Doctolib, an online booking platform for doctors in France and Germany, raised $170 million in a recent funding round, for a valuation of roughly $1.14 billion. Doctolib plans to expand beyond its current markets and to double its staff over the next three years.