Under Armour is selling its diet and fitness app MyFitnessPal to tech investment firm Francisco Partners for $345 million, the companies announced , confirming our scoop from July that Under Armour was looking to sell the app. The sale is a retreat for Under Armour, which paid $475 million to buy MyFitnessPal in 2015 as part of a bigger push into digital fitness apps. But Under Armour’s...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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