Black-owned startup, thirdweb, has raised $24 million in investment funding. The funding round led by Haun Ventures, Coinbase Ventures, Shopify, and Polygon, also included Shrug VC, Joseph Lacob, and others. The ground-breaking tech startup founded by Steven Bartlett and Furqan Rydhan aims to provide developers with a Web3 development kit to help reduce the time and cost of building and launching applications. The developer tool assists programmers in building NFTs, marketplaces, DAOs, and more. “Web3 is the most important technological shift I’ve witnessed in my lifetime,” said Steven Bartlett, co-founder
Silicon Valley-based startup, Sanas, is working to build real-time voice-altering technology that aims to make international workers sound more “Westernized.” For many years, Black workers have been advised to use their “white voice” when communicating with colleagues or customers in a professional working environment. Additionally, movie adaptations such as “Sorry To Bother You” show that Black workers achieve higher success rates when they choose to emulate a “whiter” voice. Despite the program working to “protect the diverse voice identities of the world,” many wonder whether the product is actively working to remove unconscious
Capitol Music Group has severed ties with the FN Meka project following accusations that the AI rapper perpetuated racial stereotypes online. FN Meka, a virtual “robot rapper,” created by the founders of Factory New, a “first of its kind, next-generation music company specializing in virtual beings.” In a short time, FN Meka amassed over 10 million followers on TikTok and 500,000 monthly Spotify subscribers based on music and lyrics generated by an AI based on popular rap music. The robot rapper, which industry professionals described as a “preview of what’s
If you’re a person with dark skin, you may be more likely than your white friends to get hit by a self-driving car, according to a 2019 study out of the Georgia Institute of Technology. That’s because automated vehicles may better detect pedestrians with lighter skin tones. The study’s authors started out with a simple question: How accurately do state-of-the-art object-detection models, like those used by self-driving cars, detect people from different demographic groups? To find out, they looked at a large dataset of images that contain pedestrians. They divided up the
Float, a Ghanaian cash flow and spend management platform, has completed a full acquisition of the Nigerian accounting platform, Accounteer. This Nigerian subscription-based cloud-based accounting service combines bookkeeping, tax prep, and financial advisory services all in one platform for African businesses, for an undisclosed amount. Founded in 2015 by Merijn Campsteyn, Accounteer allows users to create invoices, track expenses, and register payments, among other things. The venture-backed company provides accounting software that allows businesses to continue operations offline. According to previous reports – this deal comes eight months after Float closed its
Black-owned real estate tech startup, Rhove, has announced its new partnership with housing changemakers in New Orleans to promote economic inclusion. The partnership, which includes Forward Together New Orleans, The Mayor’s Fund, and The Greater New Orleans Housing Alliance (GNOHA), will provide a grant to fund credit to help 2,000 residents invest in commercial real estate using the Rhove app. Rhove, founded by Calvin Cooper, is a fintech company designed to empower everyone to invest in and own real estate. The company, located in Ohio, is on a mission to
Miami-based cybersecurity startup, Lumu, has closed an $8 million investment round. The funding round led by Panoramic Ventures also included SoftBank Group’s SB Opportunity Fund, KnowBe4 Ventures, Land Bess, a former Zscaler, and Tom Noonan, former CEO at Internet Security Systems. Lumu, founded in 2019 by Ricardo Villadiego, is a cybersecurity company that helps businesses identify and isolate cyber-compromise in real-time. The platform identifies and isolates potential threats, attacks, and adversaries affecting enterprises. As more nation-state criminal groups continue targeting everything from business IP to government secrets, Lumu’s services have proven to
Black Coffee, the famed South African DJ and record producer, whose real name is Nkosinathi Maphumulo, backed Andela, a tech talent incubator and unicorn launched from Lagos in 2015. But he’s not the only musician dipping his toe into the tech scene – African artists worldwide are using personal funds and collectives to invest in startups. Mr. Eazi, real name Oluwatosin Ajibade, made headlines in Africa’s tech circles following his investment in pawaPay, a UK-based and Africa-focused mobile payments company through Zagadat Capital. But unlike Jay-Z and many other African-American musicians now entering
American actress Sonequa Martin-Green has teamed up with snack brand Frito-Lay Variety Packs and STEM Next’s Million Girls Moonshot to provide young girls with science, technology, engineering, and mathematics learning opportunities. The partnership, which will come under the Back-to-School Blast Off program, aims to encourage the next generation of women to pursue careers in STEM. Through the initiative, families can enjoy STEM activities created by NASA scientists using everyday household items, such as designing a heat shield or building a moon lander. “Representation matters, and sometimes, all it takes to
California-based VC firm, L’Attitude, has launched its new fund to support early-stage Latino founders. The investment firm raised $100 million from big-name investors, including Bank of America, Trujillo Group, Barclays, Cisco, Royal Bank of Canada, and a “strategic anchor investment” from JPMorgan Chase. According to the outlet, Latino business owners have grown 34% over the last decade. Yet, despite this, 72% of Latino entrepreneurs face funding shortfalls, with a large majority relying on personal savings, and only 1.8% are venture-backed. L’Attitude, founded in 2019 by Kennie Blanco and Sol Trujillo,
