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Fintech VC Backing Dipped 13 Percent in 2016, Mirroring Rest of Tech

Xconomy

The final numbers on 2016 fintech funding deals are in from New York-based research firm and investment database CB Insights, and venture capitalists seem to be cooling on the industry. The numbers are in rough agreement with the slowdown or “normalization” in overall venture funding activity in 2016 , according to several reports.

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Edtech Venture Funding Down in 2016, But Still Tops $1B

Xconomy

billion (across 138 deals) in 2016. While we’re looking at venture deal numbers from the past year , let’s consider the education technology industry, which isn’t broken out by sector in the general reports I’ve seen. A recent study by EdSurge , an edtech information firm, shows venture funding for U.S.

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Lymber, Founded in Early 2016, Surprised by Mindbody’s Buyout Offer

Xconomy

Lymber was barely a year old when Mindbody (NASDAQ: MB ) announced recently that it acquired the San Diego mobile app developer. Lymber, named as a 2017 Xconomy San Diego startup to watch , has developed a technology platform that enables mobile users to book openings in fitness and wellness classes.

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Freight trucking startup Shipwell gets a $10 million boost

TechCrunch LA

. “ Shipwell’s full-service, digitized brokerage platform can streamline the way many of our Anchor LPs and portfolio companies approach large-scale freight shipping,” the firm’s principal — and newest Shipwell board member — Vik Chawla wrote in a blog post announcing its most recent deal.

Startup 191
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Stitch Fix CTO Polinsky Says Its Style Shuffle App Makes Data Fun

Xconomy

When Cathy Polinsky became chief technology officer of Stitch Fix in late 2016, she knew one of the San Francisco-based company’s key challenges was continually refining its core software algorithm to make sure customers received the right tailored suggestions in their monthly wardrobe boxes. So, she made it into a game.

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Mitek Systems Building New Business in Verifying Online Identities

Xconomy

A few years before the presidential election of 2016, with all its Wikileaks, Russian disinformation campaigns, and phony Facebook links, San Diego’s Mitek Systems (NASDAQ: MITK made a strategic decision to expand into identity verification technology. Funny how things work out. After paying $10.6

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New U.S. “Roadmap” Lays Out Routes to Accelerate Robotic Technologies

Xconomy

But robotics is moving slower than expected in some key areas, such as the development of dexterous gripper technology, intuitive user interfaces, and in integrating software and hardware through the full chain of systems engineering, according to Henrik Christensen, director of UC San Diego’s new Institute for Contextual Robotics.