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Entrepreneurship

Tractable raises $60M at a $1B valuation to make damage appraisals using AI

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. Tractable, which works with automotive insurance companies to let users take and submit photos of damaged [CONTINUE READING]

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Entrepreneurship

Lordstown Motors execs cite binding orders to restore confidence a day after CEO, CFO resignations

Lordstown Motors has enough “binding orders” from customers to fund limited production of its electric pickup truck through May 2022, executives at the company said Tuesday, just a day after an executive shakeup that included the resignation of the company’s CEO and CFO. Reaching that goal will come at a [CONTINUE READING]

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Entrepreneurship

10x, a UK fintech, raises $187M to build new services for old banks

As so-called neobanks continue to gain more traction in the market with their more modern takes on banking and other financial services, a startup that’s building technology to help incumbent players better compete is announcing a big round of funding. 10x Future Technologies, a London-based fintech that helps larger, established [CONTINUE READING]

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Entrepreneurship

Biden admin will share more info with online platforms on ‘front lines’ of domestic terror fight

The Biden administration is outlining new plans to combat domestic terrorism in light of the January 6 attack on the U.S. Capitol and social media companies have their own part to play. The White House released on Tuesday a new national strategy on countering domestic terrorism. The plan acknowledges the [CONTINUE READING]