Tag Archives: accel

Through the latest funding, the firm aims to make video creation easy for everyone and has already served many businesses worldwide. Synthesia, a leading artificial intelligence (AI) company based in London, has successfully raised $90 million in a series C funding round, bringing its total valuation to $1 billion. The company’s groundbreaking AI technology, Synthesia, enables enterprise users, including HR professionals and marketers, to create high-quality video content in 15 minutes...

The tech startup sector has recently faced challenges due to rising interest rates, which have put pressure on valuations, especially for late-stage companies. Europe’s startup ecosystem has matured significantly, and despite challenges faced by the tech industry, the region is witnessing a rise in startup mafias. According to new reports from the venture capital firm Accel, Europe, and Israel produced an average of five tech companies for every venture-backed company worth $1 billion or...

Vinted has recently finished its funding round led by Lightspeed Venture Partners, previous backers Sprints Capital, Inside Venture Partners, Accel and Burda Principal Investments. The startup raised a total of $141 million and reached a total valuation of $1 billion. Since the startup is from Lithuania, it is now the second unicorn startup coming out from the Baltics. Previously, an Estonian startup Taxify, which now has rebranded to Bolt had reached a valuation of $1 billion.The company...

Deserve offers a set of modern services, including setting up the credit card via mobile app in minutes, sending money with unique fees, participating in cashback programs, and much more. Currently, the platform is used by more than 100,000 customers. With the help of Machine Learning, it aims to make the service better and attract people from all over the United States.During the venture funding round, Deserve received $50 million in investments to enhance its services. The money will come...