Topic:

Investments

Investments

Squarespace Takes $40 Million in Growth Equity

Screen Shot 2014-04-16 at 10.17.06 AM

Website-building service Squarespace announced yesterday that they’ve accepted $40 million in Series B funding from General Atlantic.

Squarespace has been growing rapidly, and needs the cash on hand to sustain that growth. With more and more users, and now 285 employees, they could use the $40 million for basic business needs like more real estate for their New York City offices.

Competitors in the website services field have been raising enormous sums of money and going public, leaving Squarespace with some catching up to do. Read More

Investments

Mark Zuckerberg, Elon Musk and Ashton Kutcher Mysteriously Invest in Artificial Intelligence Company

Mr. Zuckerberg has teamed up with Mr. Musk and Mr. Kutcher to invest in an artificial intelligence company because WHO KNOWS WHY? (Getty)

Mark Zuckerberg, Elon Musk and Ashton Kutcher — a veritable tech trifecta — have quietly come together and invested $40 million in a “secretive artificial-intelligence company,” the Wall Street Journal reports. 

The company is called Vicarious FPC, and its goal is to create a computer program that functions like the neocortex in a human brain. Read More

Investments

If Betaworks Invests in IFTTT Than Betabeat Will Write a Story on It

Imagine the possibilities

According to its portfolio page, Chelsea based innovation lab betaworks has invested in IFTTT (If This Then That), a service that lets users program the web to work for them.

The investment was first noticed by Marshall Kirkpatrick with the help of the NeuVC bot.

The service takes the basic logic of computer programming and applies it to the numerous web apps people rely on every day.

So for example, I could set IFTTT to update me with a Tweet every time a certain VC posts an Instagram after 10pm on a weekday (good way to keep tabs on the dealflow).  Read More