Wayfair

Wayfair’s new app uses generative AI to transform your space

Generative AI is good for more than marketing copy and anime-style avatars — or so Wayfair wants you to think. Today, Wayfair launched a new app with a cutesy name, Decorify, that lets customers

Can this startup solve the HR headache that is digital nomads? It just raised $12M to try

In the new era of remote and hybrid working, companies need to manage people who either relocate or work remotely. For obvious reasons, that has created a huge headache for HR directors. Back in 2014,

Wayfair to lay off 5% of its workforce, or nearly 900 employees

Wayfair, the online home goods retailer, announced today it was laying off close to 900 employees as a way to reprioritize investment needs and meet the company’s current needs. This comes after the

Key European tech founders and investors launch OneUkraine charity to assist Ukraine

A host of major European tech founders and investors are today backing the launch of OneUkraine, a new charity providing sustainable humanitarian relief for the Ukrainian people. OneUkraine will be su

Pinterest’s AR shopping feature expands to include furniture and home décor

A new Pinterest feature will allow consumers to see what furniture or other home décor items will look like in their own home, using augmented reality (AR). Similar technology has already been put in

Chinese Amazon aggregator Nebula Brands raises $50M led by L Catterton

2021 has been a rosy year for China-based Amazon vendors looking for exits. Roll-ups, or brand aggregators, have been flooding China’s export-oriented e-commerce market with capital to scoop up

Karat raises $110M on a $1.1B valuation to grow its technical interviewing-as-a-service platform

In the global race for technical talent, companies are on the hunt for ways to speed up and scale the hiring process to snap up the best candidates before their competitors get to them. Today, a compa

Android announces six new features, emphasizing safety and accessibility

Android shared information today about six features that will roll out this summer. Some of these are just quality of life upgrades, like starring text messages to easily find them later, or getting c

Apple’s RealityKit 2 allows developers to create 3D models for AR using iPhone photos

At its Worldwide Developers Conference, Apple announced a significant update to RealityKit, its suite of technologies that allow developers to get started building AR (augmented reality) experiences.

Fraud prevention platform Sift raises $50M at over $1B valuation, eyes acquisitions

With the increase of digital transacting over the past year, cybercriminals have been having a field day. In 2020, complaints of suspected internet crime surged by 61%, to 791,790, according to the FB

Emerging as an Eastern powerhouse, Earlybird Digital East Fund launches new $242M fund

Earlybird Digital East Fund — a fund associated with Germany’s Earlybird VC, but operating separately — has launched a €200 million ($242 million) successor fund. The fund’s focus will remai

End-to-end operators are the next generation of consumer business

These businesses are fundamentally reimagining their product experience by owning the entire value chain from end to end, thereby creating a step-functionally better experience for consumers.

MadeiraMadeira, Brazil’s answer to Wayfair and Ikea, is now worth over $1 billion

MadeiraMadeira, the Brazilian answer to Wayfair or Ikea, is now worth $1 billion after raising $190 million in late stage financing from investors led by SoftBank’s Latin American investment fun

Despite limitations, 3D and AR are creating new realities in retail

“Within the next five years, I think we're going to see that having AR and 3D on your dot-com and beyond will be mandatory.”

Private equity firm Great Hill Partners acquires stock media service Storyblocks

Storyblocks, the subscription-based stock media service, today announced that it has been acquired by private equity firm Great Hill Partners. The firm previously backed companies like Wayfair (and th

Unpacking why Wayfair’s stock popped 23.7% today

In the midst of the day’s news chaos both political and business-oriented, you might have missed Wayfair’s big moment: In regular trading today, shares of the online home goods retailer sh

Pinterest adds new ‘Shop’ tabs connected to in-stock inventory, style guides and more

Given the rise in online shopping attributed to the coronavirus outbreak that has forced consumers to stay home from stores, Pinterest today is launching a new way to shop on its platform. Now, Pinter

With $8 million to consolidate Amazon’s top marketplace sellers, Perch makes its first deals

After raising $8 million in November to roll up top Amazon marketplace companies, the new Boston-based startup Perch has begun putting that money to work in its first few deals. The brainchild of Chri

American stocks rally sharply on COVID-19 optimism as earnings loom

Stocks rallied Monday, with all major indices snapping back into positive territories as investors seized on any positive developments in the fight to mitigate the spread of COVID-19, the disease caus

Wayfair’s app adds 3D visualization tools, including interactive photos & a room planner

Home furnishing retailer Wayfair was among the first to adopt AR technology as a means of helping people better visualize furniture and accessories in their own home, ahead of purchase. Today, the com
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