TechTaffy

tech:

taffy

Social Gifting App Wrapp Raises $15M Series B Round

By TechTaffy Desk

WrappWrapp, a social gifting app that lets users send digital gift cards from their smartphones, has raised $15 million in Series B funding. The round includes investments from Series A investors Greylock Partners, Atomico, and Creandum, as well as new investors Qualcomm Ventures, American Express, and SEB Private Equity.

Wrapp will use the Series B funds to continue expansion, including hiring staff for its U.S. operations in San Francisco, says the company.

Founded in 2011, Wrapp is based in San Francisco and Stockholm.

Since May last year, consumers have used Wrapp’s iPhone and Android apps to give people nearly 15 million digital gift cards, says Wrapp.

Just in

Public Sector

Leidos awarded $206M NGA contract for geospatial processing modernization

Leidos has been awarded a contract by the National Geospatial-Intelligence Agency's (NGA) Exploitation Services Program to sustain and modernize geospatial processing.
AI

Infosys, ServiceNow ink generative AI collaboration

Infosys and ServiceNow have inked a collaboration to develop generative AI-powered industry solutions.
Around the web

Saudi Arabia’s internet usage hits 99% in 2023 — Gulf News

Saudi Arabia recorded a significant increase in internet usage in 2023, with a penetration rate reaching 99 per cent, demonstrating near-universal access among its population, according to a Gulf News report. 
Series C

Atlan raises $105M

San Francisco, Calif.-based Atlan, providers of a data and AI governance platform, has raised $105 million in a Series C funding round.
AI

OpenAI introduces AI-generated content detection tool

OpenAI has announced the launch of a new tool designed to distinguish content created by artificial intelligence.