SpreeAI, the fashion tech startup redefining virtual shopping experiences, has reached a $1.5 billion valuation after a recent funding round led by The Davidson Group. The AI-powered fashion app allows users to virtually allows users to try on clothes in an experience so lifelike it feels like you’re in a real dressing room. Designed for use both in-store and online, SpreeAI blends cutting-edge technology with real-world retail to transform how consumers shop and how brands sell. SpreeAI valued at $1.5 billion Co-founded and led by CEO John Imah, SpreeAI has
Career growth doesn’t end in your 30s or even in your 40s. While it’s easy to assume that major professional milestones are reserved for the young, the reality tells a different story. This year’s Forbes 50 Over 50 list is a testament to that, spotlighting leaders and entrepreneurs who have reached new heights later in life. Among them are Black women who have not only broken barriers but have remained at the top of their game more than 25 years into their careers. Here are four Black women who made
The Trump Administration has cut funding for the Digital Equity Act (DEA), which was designed to address disparities in digital access across the US. The DEA aimed to tackle digital equity gaps by supporting state and local efforts to build inclusive digital infrastructure and skills programs. It encouraged comprehensive digital equity plans across all 50 states, the District of Columbia, and Puerto Rico, as well as grassroots projects led by communities and coalitions. #BlackTechFutures Loses $12M Grant Fallon Wilson, the founder and executive director of the #BlackTechFutures Research Institute, received
IFC, a member of the World Bank Group, and Proparco, a member of the World Bank Group, announced an equity investment of up to $50 million in Helios Sports and Entertainment (“HSEG”), an investment vehicle dedicated to sport, media and entertainment across Africa. HSEG aims to foster a more dynamic sport and entertainment ecosystem in Africa by collaborating with its four partners: NBA Africa, The Malachite Group (Afro Nation), PFL Africa, and Zaria Group. IFC and Proparco invest in African sport The IFC commited $30 million of the equity investment,
Browzwear, a digital apparel design software firm, has acquired Lalaland, an AI fashion model startup, to boost its AI capabilities and broaden Lalaland’s global reach. The financial terms of the deal were not disclosed, WWD reports. “And it’s a WRAP. Absolutely surreal Lalaland has been acquired by Browzwear. It’s the end of a wild era and the start of an even bigger one,” Michael Musandu, Co-Founder and CEO of Lalaland, said in a LinkedIn post. Browzwear acquiring Lalaland. Amsterdam-based Lalaland aims to make fashion more inclusive by allowing retailers to
Google has removed 58 nonprofit organizations associated with DEI from a list of organizations it funds, according to a new report by tech watchdog The Tech Transparency Project. The report references the most recent public list of organizations that receive the “most substantial contributions” from Google’s US Government Affairs and Public Policy team. The majority of the groups taken away from the list had mission statements that included he words “diversity, “equity,” “inclusion,” or “race,” “activism,” and “women.” It remains unclear whether the tech giant has ended the funding or
pgLang, the creative company founded by Kendrick Lamar and Dave Free, is launching a new initiative called Project 3, aimed at expanding its creative offerings for businesses. At the heart of this venture is Project 3 Agency, a full-service agency providing creative direction, content creation, production services, brand design, and strategic consulting. According to Fast Company, the move follows pgLang’s acquisition of Frosty, an international creative studio and longtime collaborator. The acquisition was instrumental in building the agency. “For us, it was like, how do we build foundational structures for
DeMarcus Edwards, a PhD graduate from Howard University, is the founder of an AI security startup, DARE Labs, which secured over $1 million in contracts last year. Edwards launched the company after being laid off from Google. The importance of mentorship Speaking to The Dig, Edwards highlights the growing number of computer scientists who studied at Howard. “People in the Valley have a lot of respect for Howard,” Edwards said. “I’d like that to be more well-known.” Edwards earned his master’s degree in computer science in 2020 and finished his Ph.D. program
Kava, a Nollywood streaming platform, is set to launch in August 2025 with over 30 Nollywood titles. The platform is a partnership between Inkblot Studios and Filmhouse Group, according to Deadline. “Kava is more than a streaming service. It’s a bold new chapter for Nollywood, designed to meet the growing demand for premium, authentic African content and to redefine how the world experiences our stories,” Kava Co-CEO Chinaza Onuzo said. “By giving both rising and establishing talent a trusted, lucrative stage to tell their stories, we’re building a platform that doesn’t
Black-owned social media network Fanbase has reached $12.7 million of its $17 million equity crowdfunding campaign. Founder Isaac Hayes III announced the milestone in an Instagram post, saying, “This raise is part of a larger mission to democratize ownership in the social media space.” Hayes is shifting away from traditional venture capital and turning to the community for investors, as the public now has the opportunity to own a stake in the platform. Fanbase’s equity crowdfunding campaign It reached $10 million of its equity crowdfunding campaign in 2024, which reportedly made Hayes
