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March 24, 2014
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Dubai-based online shopping portal Souq.com has raised $75 million in new funding from South African media giant Naspers. Souq.com, referred to as the Amazon of the Middle East, has over 6.2 million registered users and a current valuation of over $500 million. Founded in 2005, Souq.com has raised $150 million in funding to date and will use the new round to improve its search functionality and mobile experience.
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San Francisco-based artificial intelligence company Vicarious has raised $40 million in new funding from investors including Formation 8, Mark Zuckerberg, Vinod Khosla, and Peter Thiel. Vicarious has developed technology to solve Captcha queries and is now looking to apply this neural network technology to other areas like robotics, clean energy, and medicine. Founded in 2010, Vicarious has raised over $56 million and will put the new funds toward expanding its current team of 10.
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Since the last email, CrunchBase captured more than 31 rounds and $382 million in fundings... and the data keeps rolling in.
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Top Funding Rounds
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Actifio
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Radically Simple CopyData Virtualization
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