IAC Invests $14 Million In An App That Makes It Easier to Find Temp Work Straight From Your Phone

Isaac Mangrum was just hanging out with a friend when he looked over his buddy’s shoulder and saw him scrolling through an app filled with jobs. Mangrum had already been driving for Uber and Postmates in his spare time just to get through college. The list of jobs he saw as his friend scrolled through the app had similar flexibility where he could work in his spare time, but paid a guaranteed hourly wage.

Reverie Labs uses new machine learning algorithms to fix drug development bottlenecks

Developing new medicines can take years of research and cost millions of dollars before they are even ready for clinical trials. Several biotech startups are using machine learning to revolutionize the process and get drugs into pharmacies more quickly. One of the newest is called Reverie Labs, which is part of Y Combinator’s latest batch. The Boston-based company wants to fix a critical bottleneck in the drug development process by speeding up the process of identifying promising molecules using recently published machine learning algorithms.

Eight Sleep Receives $14 Million in New Funding

Sleep tracking tech company Eight Sleep has raised $14 million in a new round of funding, which the brand says it’ll use to expand distribution of its ever-growing line of products.

Eight Sleep was founded in 2014 with the goal of being as much a leader in the technology sphere as in the bed-in-a-box industry. In this vein, the brand has always sought to improve users’ sleep not only with comfortable mattresses, but also with advanced sleep tracking tech.

Andreessen Horowitz leads $18 million investment in satellite startup Astranis

Andreessen Horowitz is venturing into space with today’s announcement that it’s leading an $18 million round in Astranis. The San Francisco-based startup is launching out of stealth today with plans to build its first commercial telecommunications satellite. Y Combinator, Fifty Years, Refactor Capital, and Indicator Fund also participated in the round.