Tag: million

303 Million Installs And 6.5 Million In-App Purchases Say Android Is A Better Gaming Platform For Publishers

Launching your game on Android could be much better than launching your game on iOS, if a new study from Liftoff is any indication.

In fact, four times better.


“Android is taking the lead, striding ahead of iOS for the second consecutive year,” mobile app marketing platform Liftoff says. “With 4x lower cost-per-install than iOS users ($.89 to $3.91) and a 2.8% lower 7-day return-on-ad-spend, the platform’s commitment to gaming is clearly paying off.”

In other words, you get new players in your game much cheaper on Android. And, according to the report, they monetize at almost identical rates to iPhone users.

Historically, Android users tend not to monetize as well as iOS users. iPhones have typically been more

Read More

Billionaire Richard Branson wants to raise $460 million for a new SPAC

Virgin Atlantic Airways and Virgin Group founder, Sir Richard Branson.

Craig Barritt

LONDON – Virgin founder Richard Branson is looking to raise $460 million to create a new special purpose acquisition company, or SPAC, becoming the latest in a line of wealthy investors to do so. 

In a filing with the Securities and Exchange Commission on Wednesday, the company said it intended to sell 46 million units at $10 apiece.

Branson is named as the founder of VG Acquisition, which is registered on the Cayman Islands. In the filing, the company said it plans to use the money raised through the initial public offering to acquire a business that is already in operation.

SPACs, also known as blank check companies, are set up for the sole purpose of acquiring another company and listing it on the stock market, usually within a couple of years. More than 50 SPAC offerings have

Read More

Chinese online food retailer Wunong Net Technology files and sets terms for a $25 million US IPO

Wunong Net Technology, which operates an online food retail store and franchise restaurants in China, filed on Thursday with the SEC to raise up to $25 million in an initial public offering.

The Shenzhen, China-based company plans to raise $25 million by offering 5 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Wunong Net Technology Company Limited would command a market value of $125 million.

The company operates an online food retail platform that currently offers a portfolio of 352 products from a network of suppliers. Products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications (Agri GI Products), and pollution-free products. Wunong Net Technology also plans to open franchise restaurants throughout China where customers can rent its facilities to cook and serve food purchased from the company. The company has currently launched

Read More

Metacore raises $17.6 million from Supercell and launches Merge Mansion mobile game

Finnish mobile game company Metacore, formerly known as Everywear Games, has raised $17.7 million in funding from mobile gaming giant Supercell. It has also launched Merge Mansion on iOS and Android.

The Helsinki company has additionally secured an $11.8 million line of credit. That’s a lot of money for a mobile gaming startup, and it’s a sign of how much Supercell (the maker of hit games like Clash of Clans and Clash Royale) trusts the developer’s leaders, who have more than 20 years of experience in mobile games.

“Our ambition is really high. And that’s why we’re raising enough money so that we can really go to the races,” CEO Mika Tammenkoski said in an interview with GamesBeat. “We chose to go with Supercell because we are in this for the long-term. We share a lot of the same values as Supercell does.”

Supercell has generated billions of dollars of

Read More

RapidAI raises $25 million to analyze medical scans with AI algorithms

RapidAI (formerly iSchemaView), a startup developing a portfolio of stroke imaging and assessment products, today closed a $25 million round. The company says the funds will be put toward strategic growth initiatives around the world.

“Given our growth and profitability, we intend to use the strength of our balance sheet for technology licensing and acquisitions,” CEO Don Listwin told VentureBeat via email. “We’re seeing multiple opportunities in other technologies and companies, and as a platform provider we see great opportunities for integration into our system.”

RapidAI asserts that computer vision has tremendous potential in medicine, and it’s not alone. Zebra Medical Vision spent three years architecting an end-to-end computer vision system capable of diagnosing breast cancer and cardiovascular disease, and startups like MedyMatch are applying AI to medical imaging scans from acute stroke victims. Also in the mix are heavy hitters like Google’s DeepMind, Google AI, and Arterys, which are

Read More

Facebook says it removed 1 million groups in past year for breaking rules

Facebook said Thursday it removed more than 1 million groups over the past year for breaking the platform’s rules, and took down more than 13 million posts for violating specific policies on organized hate and hate speech.

This is the first time Facebook has released statistics on its enforcement of community standards inside groups. Facebook’s groups have been targeted by critics in recent years for their roles as hubs for political extremism, conspiracy theories and misinformation. The data came from an internal review and was not audited by outside experts, the company said in a blog post.

It said around 9 in 10 pieces of content removed from groups was found by the company’s automated systems.

Facebook pivoted toward groups in 2017, with a goal of connecting 1

Read More

Audio platform Curio raised a $9 million Series A using this pitch deck

  • Audio platform Curio announced $9 million in Series A funding led by European VC fund Earlybird earlier in September, with other backers including billionaire Li Ka-shing’s Horizons Ventures.
  • Curio’s subscription service offers users a library of narrated articles from publications such as The Wall Street Journal, The Washington Post, and Financial Times for $7.99 a month.
  • CEO Govind Balakrishnan says that listening on Curio’s platform increased 40% in the past few months, even though most people thought audio and podcasting was mainly for commuters.
  • We got an exclusive look at the pitch deck it used to bring new investors on board.
  • Visit Business Insider’s homepage for more stories.

Audio platform Curio has raised a $9 million Series A round led by European VC fund Earlybird.

VC funds Draper Esprit, Cherry Ventures, and Hong Kong billionaire Li Ka-shing’s Horizons Ventures also participated in the round, bringing its total funding to $11

Read More

Artificial Intelligence (AI) in Retail Market expected to reach USD 5723.0 Million by 2025 with a CAGR of 36.2%

The MarketWatch News Department was not involved in the creation of this content.

Sep 16, 2020 (AB Digital via COMTEX) —
Artificial Intelligence (AI) in Retail Market is valued at USD 658.2 Million in 2018 and expected to reach USD 5723.0 Million by 2025 with a CAGR of 36.2% over the forecast period.

Global Artificial Intelligence (AI) in Retail Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2019-2025- The increasing need in retail enterprises to provide enhanced customer experience and maintain their inventory accuracy and also to improve productivity are the major factors driving the market growth.

Artificial Intelligence (AI) in Retail Market Top Players

  • WS
  • Baidu
  • BloomReach
  • Cognitive Scale
  • Google
  • Inbenta Technologies
  • Intel
  • Interactions
  • Lexalytics
  • Microsoft
  • NEXT IT.
  • NVidia
  • Oracle
  • RetailNext
  • Salesforce.com. SAP
  • Sentient Technologies
  • Visenze
  • Caper

Scope of Global Artificial Intelligence (AI) in Retail Market Report–

Artificial Intelligence, or simply AI, is the title used to describe

Read More

Bruised Branson Seeking $400 Million to Fund Next Business Foray

(Bloomberg) — Richard Branson is on the hunt for his next big business opportunity after staving off a crisis in his empire of travel and leisure-focused companies hit hard by the coronavirus pandemic.


Load Error

Branson is inviting investors to buy shares of a listed shell firm, known as a special purpose acquisition company or SPAC, with the aim of later buying an existing business using proceeds from an initial public offering.

His VG Acquisition Corp., as the entity will be known, plans to raise $400 million by selling 40 million units at $10 apiece, according to a filing with the U.S. Securities and Exchange Commission on Wednesday, which said merger options span travel, financial services, media, music and renewable energy.

“We intend to search for targets that operate in consumer-facing industries in the U.S. and Western Europe,” the statement said. “We believe that we will have a unique value

Read More

Reinvent Technology Partners Announces Pricing of $600 Million Initial Public Offering

NEW YORK–(BUSINESS WIRE)–Reinvent Technology Partners (the “Company”) announced today that it priced its initial public offering of 60,000,000 units at $10.00 per unit. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “RTP.U” beginning September 17, 2020. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Only whole warrants are exercisable. Once the securities comprising the units begin separate trading, the Class A ordinary shares and redeemable warrants are expected to be listed on the NYSE under the symbols “RTP” and “RTP.WS,” respectively.

The Company, led by Reid Hoffman, Mark Pincus, and Michael Thompson, is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition,

Read More