tech:

taffy

Say Media Raises $27 Million

[Techtaffy Newsdesk]

Digital publishing company Say Media has raised $27 million in a new financing round led by New Enterprise Associates (NEA), with participation from Shea Ventures and Correlation Ventures as well as existing investors August Capital, First Round Capital, Maveron, WPP, Focus Ventures and Neoteny. NEA’s Paul Hsiao has joined the company’s board of directors.  The new funding will be used to develop its publishing platform, grow its portfolio of media properties and fund strategic acquisitions, says the company.

Matt Sanchez  (CEO, Say Media): The intersection of Madison Avenue and Silicon Valley is really where we see the future of media.

The fresh injection of funds come on the heels of the worldwide publisher of Time magazine Kim Kelleher being named Say Media’s new president. Say’s executive team also added Christina Cranley, former senior vice president at Martha Stewart and publisher of Everyday Food and Whole Living, as its vice president of sales for eastern United States, CBS’s Sam Parker as chief operating officer and David Richter as chief strategy officer. Former Condé Nast executive Kourosh Karimkhany also joined the Say team as head of integration. The company currently has 400 employees working in offices across the United States, Canada, the United Kingdom and Australia.

Say Media content channels include style, tech, living, and food. The company owns and operates six properties and has 13 exclusive partnerships with sites including Fashionista, Gear Patrol and Food52. The company now represents 500 sites and reaches a global audience of 400 million.


[Image Courtesy: Say Media]

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.