Hot Startups: Latest News And Updates On Daily Roundup
AI Daily Roundup starts today! We are covering the top updates from around the world. The updates will feature state-of-the-art capabilities in Artificial Intelligence, Machine Learning, Robotic Process Automation, Fintech, and human-system interactions. We will cover the role of AI Daily Roundup and its application in various industries and daily lives.
Toronto-based cryptocurrency exchange Simply Digital Technologies Inc. – D/B/A CoinSmart – announced that it has recently closed a $4.5 million seed round of financing through the issuance of interest bearing convertible debentures to fuel the expansion of its platform into Europe and support operational updates. This seed round was raised earlier in quarter one 2021 through the issuance of interest bearing convertible debentures. Following the pre-RTO financing announcement made earlier this month, this funding round will continue to lay the groundwork for Simply Digital Technologies Inc. proposed reverse takeover (RTO) in the coming months. This RTO will be an arm’s length “Qualifying Transaction” in order to successfully obtain a listing on the TSX Venture Exchange.
Altice USA announced it has entered into a definitive agreement to acquire the assets of Morris Broadband, LLC. The transaction will expand Altice USA’s footprint in North Carolina, where it already has a presence with its Suddenlink business, and implies an enterprise value of $310 million total for the Morris Broadband business on a debt-free and cash-free basis. Following this acquisition, North Carolina will represent the sixth largest state for Altice USA out of its 21 states of operations in terms of number of residential customers, demonstrating the Company’s commitment to invest heavily in the region with additional resources and network investments.
OneTrust announced the acquisition of DocuVision Inc. and its Redacted.ai solution to expand OneTrust automated data redaction capabilities. The combined technology – OneTrust Data Redaction – is available today and helps privacy, legal, and information security teams find, redact, and protect sensitive and personal information in documents and emails. OneTrust Data Redaction, integrated into the OneTrust privacy, security, and data governance platform, completes the first fully automated data subject rights (DSAR) workflow including intake, ID verification, discovery, redaction, and secure response.
Cardlytics, a digital advertising platform, announced its planned acquisition of Dosh, a cash-back offers platform, for $275 million in cash and stock. Founded in 2016, Dosh is best known for creating a consumer app that provides cash back for millions of consumers from thousands of merchants. The Dosh app delivers an individualized consumer experience, providing the right offer to the right person at the right time, which has resulted in year-over-year growth in new brands leveraging its advertising platform to drive sales. In the past year, Dosh expanded its product offering by enabling financial institutions, neo-banks, and fintech companies – like Venmo, Betterment, and Ellevest – to rapidly deploy its platform in their own digital channels to remain top of wallet with customers.
Quantum Loophole Inc, an innovative developer of first-of-its-kind Gigawatt-scale master plan data center cities, announces it has raised over $13 million in its initial round of seed funding. Launched in January 2020, the unforeseen challenges brought on by the COVID-19 pandemic bolstered interest in digital infrastructure investments, solidifying Quantum Loophole’s vision for highly sustainable, environmentally-sound data center developments at scale.