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