Mind The Gap By Freshchat

This week’s startup scene was definitely in its top shape. We are talking about a total of 397 funding rounds that’s hundred more than last week, $31.2 billion total funding which is almost 5 times last week, 153 acquisitions recorded, and a transaction of a total acquisition amount of $9.3 billion. That being said, let’s dive right into the highlights. Feather, a New York-based company that offers contemporary, higher-end furniture on a subscription basis raised $12.5 million in a Series A round led by Spark Capital. Prior seed investors Fuel Capital, Bain Capital Ventures, PJC, Kleiner Perkins, and Y Combinator followed on in the round, according to Crunchbase. Algorithmia raised $25 million in Series B funding led by Norwest Venture Partners. Algorithmia, based in Seattle, is building infrastructure for the final step of the machine learning workflow: integrating a predictive model into a production code environment. Basically, what the company calls its “AI Layer” is a software environment that automatic