News
Stay up-to-date with the latest news and developments in the world of startups and technology. Our News category features daily updates, company highlights, and essential information you need to stay informed about global innovation of the startup world.
- Apr- 2021 -11 April
Tiger Global just closed one of the biggest venture funds ever, with $6.7 billion
This year, Tiger Global has been seen getting involved in a number of mega-rounds, often as the round’s co-lead. This week alone, half a dozen companies have announced rounds that the New York-based investing giant has either led, co-led, or…
- 10 April
Xiaomi invests $1.5 billion in the fully owned EV business
The new Chinese tech giant to join in the red-hot electric vehicle market is Xiaomi with a $1.52 billion investment to set up a fully owned subsidiary for its auto business, to be led by founder and CEO Lei Jun.…
- 9 April
Biden’s $2 trillion corporate tax plan tears up republicans’ 2017 blueprint
With the new tax plan, President Biden aims at undoing much of the structure that Republicans built in their tax law less than four years ago, driving up rates on large U.S.-based companies and raising taxes on their foreign profits.…
- 8 April
Sensors Collect Crucial Data on Mars Landings With Arrival of Perseverance
For more than six years, the Mars Entry, Descent, and Landing Instrumentation 2 (MEDLI2) team have waited to hear and experience the successful landing of NASA’s Perseverance rover. Their patience was finally paid when NASA’s Perseverance rover successfully landed on…
- 7 April
Clubhouse will create billions in value and capture none of it
Clubhouse, an invite-only audio chat room that has somehow invented the new concept of talking to friends. This is a new trend that is being adopted by many big platforms. Very similar to it was lockerRoom, which has recently been…
- 1 April
Ant Group-backed bike-rental app Hello Inc files for US IPO
According to a Bloomberg report, Hello Inc, a Chinese bike-rental firm, has filed for an initial public offering in the US. Why is it garnering attention? Hello, a Shanghai-based firm, has survived China’s competitive bike rental bubble and is a…
- Mar- 2021 -31 March
Ant Group CEO Simon Hu resigns due to personal reasons
As Ant Group Co. founded by billionaire Jack Ma, grapples with Chinese government demands to overhaul its business, Simon Hu has unexpectedly resigned as CEO, adding fresh turmoil to the financial technology giant. Who will be the new leader? A…
- 30 March
Chatbot startup Heyday raises $5.1M
Heyday, a Montreal-based company, has announced that it has raised $6.5 million Canadian ($5.1 million in US dollars) in additional seed funding. The goal of the startup Co-founder and CEO Steve Desjarlais said that the startup’s goal is to allow retailers to…
- 29 March
DataGrail snares $30M Series B to help deal with privacy regulations
What is DataGrail DataGrail is a startup that helps customers understand where their data lives to help comply with a growing body of privacy regulations. It has recently announced a $30 million Series B. The round was led by Felicis…
- 28 March
Grab Is in Talks to Go Public Through a SPAC Merger
Impact of merger on Grab Grab Holdings is in talks to go public through a merger with a special purpose acquisition company that could value the ride-hailing giant at nearly $40 billion. This would make it the largest ever blank-check…
- 27 March
Little mention of China’s EV industry in the Five-Year Plan
In this year’s annual government work report which was presented on Friday, China’s ambition to become a world leader in electric vehicles was barely mentioned. Experts say that it’s a sign indicating that the market is maturing. Policies and Market…
- 25 March
Norwegian education start-up Kahoot targets Asian expansion
As the Norwegian online education startup, Kahoot launches a “re-IPO” to the main market listing in Oslo, it is looking to use its biggest shareholder SoftBank to crack Asia and is on the hunt for acquisitions. What is Kahoot and…
- 24 March
K-Chemicals Cyber Exhibition, helping 266 chemical Korean startup grow overseas
K-Chemicals Cyber Exhibition with the chemical and wonder sector because the main topic are going to be held Mar. 22-29.This online exhibition is hosted by Ministry of Trade, Industry and Energy (MOTIE) and arranged by KOTRA and KSCIA (Korea Specialty industry Association). To support and expand the overseas expansion of…
- 16 March
Uber spins out delivery robot startup: Serve Robotics
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, has officially spun out as an independent company called Serve Robotics. Investors and Funding specifics for Serve Robotics It was reported in January that…
- 15 March
Microsoft Mesh’s augmented reality- Video call, Iron Man-style
Software giant Microsoft had a big unveil at Microsoft’s Ignite digital conference. The unveiling was of Microsoft Mesh: evolution of its augmented reality vision, which brings the technology to movie-like levels. Microsoft also revealed “holoportation”. With this technology, a 3D…
- 14 March
Chip, battery shortages will limit production at Nio
CEO William Li of Nio, Maker of the E- vehicles, said on Tuesday that an industry-wide shortage of electric vehicle batteries and semiconductor chips will continue to hamper production for the next few months. As it gears up for an…
- 13 March
SpaceX Starlink launch sends 60 more satellites to orbit
As SpaceX gets busy sending satellites to space to keep up with the rollout of its Starlink global broadband network it lofted another batch of its orbiting routers to space early Thursday morning, after many delays. The reason behind this delay This…
- 10 March
Jack Ma Alibaba Founder loses China’s Richest Person title
After coming under a regulatory scrutiny, the embattled co-founder of Alibaba group holding Ltd, Jack Ma, has lost his title as China’s richest person to Bottled-water tycoon Zhong Shanshan, according to the annual list of China’s wealthy. What went on…
- 6 March
Self-Driving Truck start-up taps into US market from China
Plus is a Self-driving truck technology developer. It has completed its Series B funding round, pulling in $200 million from returning backers and new investors from China. Plus has raised nearly $400 million in total. New and Old investors to…
