Hewlett Packard Enterprise (HPE) just bought Pachyderm, a startup that provides software to help machine learning engineers manage the various streams of data flowing into their organizations. The primary use of the software is in the medical sector for medical records and genomic data. More: - HPE wants to tap the market of organizations looking to analyze the data they generate to gain business insights and develop machine learning-powered applications.
- HPE is one of the largest server manufacturers.
- The company mainly focuses on edge-to-cloud services.
- The value proposition of HPE is pay-as-you-go cloud subscriptions.
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San Francisco-based payments company Stripe cuts valuation again. The company’s new internal valuation makes Stripe worth $63B. More: - The $63B internal valuation marks another 11% cut in the last six months.
- The new $24.71 internal share price is now down 40% since peaking in 2021. The valuation falls in line with many publicly traded fintech companies whose stocks are down 40-60%.
- The move comes at a time when in November, the company laid off 14% of its workforce, impacting 1,120 staff members amid efforts to cut costs.
- Stripe originally had plans to go public by the end of 2022 in what could have been one of the most valued exits a private company has seen.
- Following the shifting headwinds in the economy, those plans have been on hold.
- The company, which has raised a total of $2.2B, last raised its Series H round at a $95B valuation in March 2021.
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ApnaKlub, a startup from India that provides a B2B wholesale platform for fast-moving consumer goods, raised $16M in Series A funding. The main investors were Tiger Global, TrueScale Capital, and ICMG Partners. More: - The funds will be used to enhance a digital platform for store owners and wholesalers in medium-sized cities.
- ApnaKlub currently has 33,000 customers.
- The company's value proposition is that it connects buyers and brands within the fast-moving consumer goods (FMCG) in one platform.
- The main categories of goods they focus on are food and personal care goods.
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L'Oréal announced it is now a minority investor in the female-founded metaverse and Web3 startup Digital Village. The investment was made using L'Oréal's venture capital fund, the Business Opportunities for L'Oréal's Development (BOLD). More: - This is the beauty company's first investment into the metaverse and Web3.
- L'Oréal's chief metaverse and Web3 officer, Camille Kroely, noted that the company plans to invest in startups like Digital Village, "whose ideals of sustainability, accessibility, and interoperability in the metaverse or Web3 are ones we share."
- Launched in 2021, the startup develops digital identities.
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Welcome Homes raises $29M in its Series A funding. The funding round was led by Era Ventures with additional venture participation from Parker89, Montage, Foundamental, Global Founders Capital, Activant Capital, Gaingels, Elefund, and Arkin Holdings. More: - Welcome Homes aims to jump in to support the ongoing housing shortage by offering home buyers “guaranteed pricing” and ways to streamline the building process of a home.
- The company is currently available in New York, New Jersey, Connecticut, Maryland, and Pennsylvania and offers a bundled process from land selection to financing to construction.
- Excluding land costs, Welcome Homes range from $596,000 to $1.75 million.
- The company plans to deploy its Series A funding toward increasing headcount, R&D, and expanding to new states throughout the U.S.
- The move comes as many startups attempt to solve the housing shortages through automation or streamlining buildings and permits. The U.S. single-family homebuilding market is currently between $250B and $400B annually.
- The company, which has 40 employees, has raised a total of $35M from investors.
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Romanian pet startup Digitail has raised $11M in its Series A funding. The round was led by Atomico with additional participation from byFounders, Gradient, and Partech. More: - Although pet ownership has increased in the U.S. from 56% to 70% over the last decades, vets have not seen such increases in their staff.
- Digitail aims to solve this problem through its SaaS solution, which lets pet owners manage their pets and veterinarians the ability to see medical and business insights.
- The company has noted its unique Data Hub helps streamline veterinarians’ day-to-day admin features, which can increase the number of animals veterinarians see by close to 2x.
- Digitail will use its Series A funding to scale its operations in North America and further R&D investment.
- The U.S. market, the largest pet care market, is expected to grow from $118B in 2019 to over $277B by 2030.
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 |  | Courtney Rawlings is an Inside Research Analyst living in Los Angeles, California. She has returned to her hometown of LA after spending several years working at Emory University in Atlanta, Georgia, where she is completing a Ph.D. in Art and Architectural History. Martin Ruiz-Cantu is a Business Researcher at Inside.com. He has a Master's in Global Business and Finance from Georgetown University. He previously worked at HSBC and the World Bank. He is passionate about finance, startups, and tech. Robel Kelkile was born and raised in the Bay Area. Now a writer @Inside, Robel covers all things San Francisco and is passionate about tech, venture, education, and city and state government. |  | | Editor | Vibha Chapparike is a Freelance Writer & Editor at Inside.com. With her post-graduation in Management and Finance completed, Vibha is expanding her knowledge in venture capital, business, startups, and technology. She has had a career in public relations and communications. An ardent reader and writer currently residing in Singapore, you can follow Vibha on Twitter @VChapparike. | |
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