SmartNews Announces the Close of a $92 Million Round of Funding

Plus, Marissa Mayer has resurfaced with a new startup called Lumi Labs, and fertility startup Mojo just raised a $1.8 million seed round of funding.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
1 min read
Opinions expressed by Entrepreneur contributors are their own.

SmartNews has announced the close of a $92 million round of funding, now valuing the company at $1.2 billion. The SmartNews algorithm automatically curates the must-read stories that matter in the world with zero loading time. SmartNews is focused on two key markets, Japan and the United States. One of its main goals with the new funding is to continue growing in the U.S. 

Marissa Mayer has resurfaced with a new startup called Lumi Labs, a startup focused on building consumer applications enabled by artificial intelligence. The new Venture will focus on the grand challenges of A.I. such as self-driving cars and global facial recognition. Their first experiment is the Lumi Labs Holiday Helper. 

Mojo, a fertility startup, just raised a $1.8 million seed round of funding led by Nordic seed fund Inventure. Mojo's mission is to make access to fertility treatment more affordable and accessible by using AI and robotics technology.

Related: Considering a New Office? This Open Layout and Dog-Friendly Space Fosters Creativity.

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Discover a better way to hire freelancers. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand.

Latest on Entrepreneur