Pika, the company redesigning the entire video-making and editing experience with AI, is making its public debut. The launch comes alongside the announcement of its $35 million Series A round led by Lightspeed Venture Partners. “Our vision for Pika is to enable everyone to be the director of their own stories and to bring out the creator in each of us,” stated the company in a blog post. “Today, we reached a milestone that brings us closer to our vision.” An Idea-to-video platform Founded by Demi Guo, CEO, and Chenlin Meng,
Blockchain research and development lab Polytope Labs aims to transform Africans from consumers to creators in the blockchain space. Founded by Nigerian engineers Seun Lanlege and David Salami, Polytope Labs’ first product is Hyperbridge, a cross-chain protocol designed to facilitate secure communication between blockchains. Africa’s Crypto Adoption and Consumption African countries have some of the highest rates of grassroots crypto adoption among everyday people. However, the continent has mostly been a consumer rather than a builder of blockchain technology. Lanlege drew on his experience of helping to build the Ethereum and Polkadot networks to establish Polytope Labs with David
Vanessa Kingori OBE, chief business officer at Condé Nast Britain and Vogue European business advisor, is set to leave the media giant to join Google in 2024. Among her many accolades, the Kenya-born media mogul was the first Black publisher for Condé Nast Britain and the first woman publishing director in British Vogue’s 105-year history. Top role at Google Her new position as Managing Director of Tech, Media, and Telecoms at Google marks a strategic shift for the accomplished executive. She forms part of a trio of female senior executive hires. “We
Black women remain the fastest-growing group of entrepreneurs, more than doubling in number since August 2019, according to a new report by GoDaddy Venture Forward. GoDaddy Venture Forward is a research initiative that quantifies the impact of over 20 million microbusinesses on their local economies and provides a unique view into these entrepreneurs’ attitudes, demographics, and needs. In August 2023, Venture Forward completed its 10th national survey with responses from over 6,000 small business owners across the US and UK. Black microbusiness ownership Most of the businesses surveyed were microbusinesses,
Waspito, a Cameroonian health startup, has secured a $2.5 million seed extension, helping its growth in Francophone African regions. Waspito Waspito is a health-focused social network that aims to integrate the whole health ecosystem into a single platform. Instead of building a platform involving pre-registration and booking consultation meetings, founder Jean Lobe Lobe opted for one where users could instantly connect with doctors. Lobe founded the startup in 2020, just before the COVID pandemic became a global health emergency, aiming to make healthcare accessible. “Going online to book an appointment
Morgan Stanley Investment Management (MSIM) has announced the close of its Morgan Stanley Next Level Fund, aimed at early-stage tech companies led by underrepresented entrepreneurs. The fund has closed at its target size of $50 million of total capital commitments with investors including Hearst, Microsoft, and Walmart. Morgan Stanley’s Next Level Morgan Stanley’s Next Level is MSIM’s impact-focused private equity business. It makes privately negotiated equity and equity-related venture capital investments in primarily stage tech and tech-enabled companies with women or underrepresented founders as part of the founding team. “We
“The money’s out there, we make it easy to find.” Scholarship app Scholly is the brainchild of Christoper Gray, who won $1.3 million in scholarships after hours of searching in the library. He eventually received scholarships from organizations such as the Bill and Melinda Gates Foundation and the Coca-Cola Scholars Foundation to study finance and entrepreneurship at Drexel University. However, after realizing how broken and time-consuming the scholarship-searching process was, he created Scholly to make things easier for students. Private student lending company Sallie Mae acquired Scholly in August 2023. This
The Southwestern Athletic Conference (SWAC) has announced a new partnership with Google. It aims to highlight Google’s Science, Technology, Engineering, Arts, and Mathematics (STEAM) platform systems for young college talent. SWAC is considered one of the premier Historically Black Universities and Colleges (HBCU) conferences in the country, and currency ranks among the elite in the nation in terms of HBCU alums playing with professional sports teams. The Initative Through the initiative, SWAC and Google are focused on providing an innovative approach to engage students in tech during their college tenure,
The Robotics Education & Competition (REC) Foundation and Amazon have partnered to bring Native American and Indigenous teams together in Robotics. The REC Foundation The REC Foundation is a global organization dedicated to increasing student engagement in science, technology, engineering, math, and computer science (STEM). They engage students in hands-on, curriculum-based robotics and drone programs. The foundation empowers educators to inspire and equip students for success through comprehensive programs encompassing competitions, education, and workforce readiness. Now, partnering with Amazon, Indigitize, and Google, they are bringing Native American and Indigenous teams
For almost six years, I’ve sat in on investor meetings and made deals with startup teams committed to disruption. I’ve seen entrepreneurship in its greatest form, and as an early-stage investor, I’ve been part of getting exciting ideas off the ground and into the marketplace. Uniquely, my career as a founder-turned-investor has been surrounded by nuanced advocacy for social equity and fair opportunities, driving me to relentlessly champion underrepresented voices and create a level playing field for all. Early in my career, I worked closely with the leadership gender gap
