Day: May 24, 2021

London-based Faculty, an applied AI startup which helps companies adopt AI into their businesses, raises £30M from the Apax Digital Fund (Mike Butcher/TechCrunch)

Mike Butcher / TechCrunch:London-based Faculty, an applied AI startup which helps companies adopt AI into their businesses, raises £30M from the Apax Digital Fund  —  British artificial intelligence (AI) company, Faculty has raised £30 million ($42.5M) in growth funding from the Apax Digital Fund (ADF). Source: http://www.techmeme.com/210524/p2#a210524p2

Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17 (Heather Somerville/Wall Street Journal)

Heather Somerville / Wall Street Journal:Study: among 44 tech startups that completed a SPAC deal from the start of 2020 through April 2021, their share prices had fallen 12.6% on average by May 17  —  Entrepreneurs are increasingly wary about the money-raising tool after watching peers’ stocks slide and investors balk Source: http://www.techmeme.com/210523/p12#a210523p12