- Apr- 2021 -15 AprilNews
Rapid raises $12M for its manufacturing robotics
Today, the bay area-based Rapid Robotics announced a $12 million Series A round led by NEA. This has brought the company’s total funding up to $17.5 million. Existing investors Greycroft, Bee Partners, and 468 Capital also took part in the…
- 14 AprilNews
Patreon triples valuation to $4 billion in new raise
A little about Patreon Patreon is a platform that provides the business infrastructure to independent content creators. These creators are people making videos, music, podcasts, paintings, comics, games, magazines, and other forms of media for fans online. Patreon enables them to…
- 14 AprilNews
Silicon Valley gets ready for a Hot Startup Summer
Change is the only constant, so is adaptability In times of crisis, the startup world behaves on the rules of biology. As we once read that the survival of the strongest is not guaranteed, but the survival of the most…
- 13 AprilNews
Signal tests payments in the UK using MobileCoin
In a long-expected move, encrypted chat app Signal is adding payments through cryptocurrency MobileCoin to its services. The company is taking its time on this feature. A U.K.-only beta program will allow users to trade money quickly, easily, and most importantly, privately.…
- 12 AprilNews
BSN architect Red Date to bring R3’s Corda enterprise blockchain to China
Red date Technology is primarily known for its role with the government backed blockchain platform BSN (Blockchain Services Network). It has licensed American distributed ledger company R3’s enterprise blockchain to resell in China. Why is this worth a headline? Until…
- 11 AprilNews
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 AprilNews
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 AprilNews
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 AprilNews
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 AprilNews
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 AprilNews
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 MarchNews
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 MarchNews
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 MarchNews
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…
- 27 MarchNews
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 MarchNews
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…
- 16 MarchNews
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 MarchNews
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 MarchNews
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…
