TechTaffy

tech:

taffy

Wattpad Raises $17.3M

By TechTaffy Desk

[Techtaffy Newsdesk]

Wattpad, a community built around e-books has raised $17.3 million in funding led by Khosla Ventures. The round also included Union Square Ventures, Golden Venture Partners, and Jerry Yang.

Allen Lau (CEO and Co-founder, Wattpad): Not many people know that we’re seeing engagement numbers which rival Pinterest, as we give users a new way to create and be entertained.

Based in Toronto, Wattpad is funded by Union Square Ventures, W Media Ventures and Golden Venture Partners. There are some 5 million stories in 25 languages posted in Wattpad, and over 500,000 new stories are added each month, says the company. There are around 8 million unique monthly visitors and a comment posted every second.

[Image Courtesy: Wattpad]

Just in

Industry

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.
AI

Intel’s neuromorphic system has neuron capacity of an owl’s brain

Intel says it has built the world's largest neuromorphic computing system called Hala Point, that has the neuron capacity roughly equivalent to that of an owl brain.
AI

AMD launches AI chips for business PCs

AMD has announced new Ryzen PRO 8040 Series mobile processors and Ryzen PRO 8000 Series desktop processors with AI capabilities.
AI

Adobe previews generative AI features in Premiere Pro

Adobe has previewed generative AI features within its video editing software, Adobe Premiere Pro, aimed at streamlining video creation and production workflows.
AI

Covered California implements Google Cloud’s AI solutions

Covered California, California's health insurance marketplace, has announced that it will use Google Cloud's AI solutions to simplify the process of providing health insurance to California residents.