Controversy over Tesla’s Autopilot functionality, which provides limited automation functionality, is nothing new. The feature has reportedly been involved in a number of crashes, some deadly. But while the Elon Musk-helmed electric car manufacturer has so far managed to stay legally unscathed by the feature, a bombshell report from the newly-expanded National Highway Traffic Safety… Continue reading Tesla Accused of Shutting Off Autopilot Moments Before Impact
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India digest: Siply raises $19m; Tiger Global leads Groyyo, Battery Smart funding rounds …
Micro-savings platform Siply has raised $19 million in its pre-Series A round of funding led by QI Ventures. Separately, Tiger Global has led funding in B2B manufacturing and automation startup Groyyo and EV battery swapping network Battery Smart. Siply raises $19m pre-Series A Micro-savings platform Siply has raised $19 million in its pre-Series A round… Continue reading India digest: Siply raises $19m; Tiger Global leads Groyyo, Battery Smart funding rounds …
Indonesia begins probe into Telkomsel-GoTo deal, but some call it political
Indonesia has begun an investigation on the legality and ethics of Telkomsel’s investment in listed technology unicorn PT GoTo Gojek Tokopedia Tbk (GoTo), lawmakers told DealStreetAsia on Tuesday, despite concerns that the move may be political. At least two commissions at the House of Representatives — one overseeing state-owned enterprises and the other overseeing legal… Continue reading Indonesia begins probe into Telkomsel-GoTo deal, but some call it political
China’s HAI ROBOTICS snags over $100m in Series D+ led by Capital Today
HAI ROBOTICS, a developer of artificial intelligence (AI)-enabled robotic solutions for warehouses and factories, has secured over $100 million in a Series D+ round of financing led by Capital Today, which has backed JD.com and Meituan. In its third fundraising in the past 12 months, HAI ROBOTICS saw participation from investors including 5Y Capital, Source… Continue reading China’s HAI ROBOTICS snags over $100m in Series D+ led by Capital Today
Adobe plans to make Photoshop on the web free to everyone
Adobe has started testing a free-to-use version of Photoshop on the web and plans to open the service up to everyone as a way to introduce more users to the app. The company is now testing the free version in Canada, where users are able to access Photoshop on the web through a free Adobe… Continue reading Adobe plans to make Photoshop on the web free to everyone
ScienceMagic.Studios Raises $10M in Pre-Seed Funding
ScienceMagic.Studios, a New York-based provider of a digital assets venture studio, raised $10M in Pre-Seed funding. ScienceMagic.Studio investors include angels (Noam Gottesman, Alan Howard, Frederic Court, Gil Weisblum, Khalili Brothers), venture capital firms (Liberty City Ventures, Digital Currency Group, Brevan Howard Digital, ThirdPrime, Cultur3) and Web3 companies (Coinbase Ventures, RealVision, Heni). The company intends to use the funds to… Continue reading ScienceMagic.Studios Raises $10M in Pre-Seed Funding
CoachHub Raises $200M in Series C Funding
CoachHub, a New York-based provider of a digital coaching platform, raised $200M in Series C funding. The round was led by Sofina and SoftBank Vision Fund 2 with participation from existing investors including Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital and Silicon Valley Bank/SVB Capital. The company intends to use the funds to further… Continue reading CoachHub Raises $200M in Series C Funding
LG invests $450 million in producing Tesla’s 4680 battery cell format
LG announced that it is investing $450 million into producing 4680 battery cells, a format pioneered by Tesla. While the Korean battery manufacturer didn’t confirm that the new cells will be for Tesla, it is extremely likely. When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a… Continue reading LG invests $450 million in producing Tesla’s 4680 battery cell format
People Digest: Carsome announces key appointments; State Street names ETF head in SG …
Malaysia-based car marketplace Carsome has announced key appointments to its advisory board while State Street Global Advisors has appointed Jermyn Wong as head of its SPDR exchange-traded fund business in Singapore. Carsome announces key appointments Malaysia-based car marketplace Carsome has announced key appointments to its advisory board to lead regional expansion and accelerate growth as the… Continue reading People Digest: Carsome announces key appointments; State Street names ETF head in SG …
Asia Digest: CoachHub eyes SG expansion after raising $200m, Morning nets $5m funding
Digital coaching platform CoachHub is expanding in Singapore after a $200-million funding while Singapore-based startup Morning announced raising $5 million in Series A. Silicon Valley-based Scale Asia Ventures has also launched a debut $30-million early-stage fund. CoachHub raises $200m, eyes Singapore expansion Digital coaching platform CoachHub is setting up a presence in Singapore as part… Continue reading Asia Digest: CoachHub eyes SG expansion after raising $200m, Morning nets $5m funding