tech:

taffy

Capillary Technologies Raises $15.5M

[Techtaffy Newsdesk]

Capillary Technologies, a provider of cloud-based software solution,  has closed a $15.5 million Series A round of venture financing led by Sequoia Capital and Norwest Venture Partners (NVP). Existing investor Qualcomm Ventures also participated in the round.

Capillary will use the capital infusion to expand to the U.S. market and further its presence in South East Asia, Europe, Middle East and Africa, and expand its product portfolio, says the company.

Capillary’s customers include Pizza Hut, Puma, Robinson’s, United Colors of Benetton, Mothercare, Store21, Sunglass Hut and Nike, among others.

Mohan Kumar of NVP and Shailesh Lakhani of Sequoia have joined Capillary’s board of directors.

Based in Singapore, Capillary’s offices are located in Singapore, Malaysia, Hong Kong, India, United Kingdom, USA, Emirates, Bahrain and South Africa.

Just in

Google to relaunch Gemini AI picture generator in a ‘few weeks’ following mounting criticism of inaccurate images — CNBC

Google plans to relaunch its image-generation AI tool in the next “few weeks,” according to Google DeepMind CEO Demis Hassabis, writes Hayden Field. 

Broadcom divests End-User Computing to KKR in $4B deal

Broadcom has agreed to sell its End-User Computing (EUC) division to investment firm KKR in a deal valued at $4 billion. This move will see the division, which focuses on digital workspace solutions, becoming an independent company following the sale's completion.

Myko AI raises $2.7M

Miami, Fl-based Myko, an AI platform provider focused on analyzing sales and revenue data, has secured $2.7 million in seed funding.

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.