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

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.