Global venture capital firm GGV Capital and SoftBank Vision Fund 2 have led a $66 million funding round in the US-based blockchain infrastructure provider InfStones, the company said in a statement on Wednesday. The company is nearing unicorn status following the latest financing round, the statement added without specifying the current valuation. Go to Source
Category: Tech News
Category Added in a WPeMatico Campaign
Indian customer engagement platform MoEngage raises $77m
MoEngage, a Bengaluru-based customer analytics and cross-channel engagement platform, has announced raising $77 million in a Series E funding round co-anchored by Goldman Sachs and venture capital firm B Capital. The funding round, which is the third fundraising for MoEngage in the last 12 months, was also participated by existing investors Steadview Capital, Multiples Alternate… Continue reading Indian customer engagement platform MoEngage raises $77m
Binance’s VC arm mops up $500m fund to invest in Web3, blockchain
Binance Labs, the venture capital arm of cryptocurrency exchange Binance, said on Wednesday it had raised $500 million for its investment fund focused on companies involved in the blockchain and Web3 spaces. The fund is supported by investment firms DST Global Partners, Breyer Capital and Whampoa Group as well as by other private equity firms… Continue reading Binance’s VC arm mops up $500m fund to invest in Web3, blockchain
Buick is rebranding as an electric-only automaker
Buick, the iconic American automaker owned by General Motors, announced a raft of major changes meant to underscore its shift to electric vehicles. The company says it will release its first EV for the North American market in 2024 and will only sell electric vehicles by the end of the decade. Its future EVs will… Continue reading Buick is rebranding as an electric-only automaker
Instagram puts Amber Alerts in your feed to help find abducted children
Amber Alerts are an important tool in helping locate abducted children. They’re authorized by law enforcement and broadcast via TVs, text messages, and other means. Now, Instagram will also push Amber Alerts into users’ feeds with the feature rolling out in the US today and set to be available in 25 total countries “in the… Continue reading Instagram puts Amber Alerts in your feed to help find abducted children
Elon Musk asks all Tesla employees to come back to the office or quit
Elon Musk has requested that all Tesla employees stop remote work and come back to the office or they will be let go. Like every other company, Tesla has allowed remote work for every role where it is possible since the COVID-19 pandemic hit in 2020. As the pandemic subsides, those companies have been reevaluating… Continue reading Elon Musk asks all Tesla employees to come back to the office or quit
Chinese industrial software maker UniVista raises $164m series pre-A funding …
Shanghai UniVista Industrial Software Group announced on Wednesday that it has raked in over 1.1 billion yuan ($164.3 million) in a series pre-A round as the startup looks to upgrade its industrial software and design solutions to better serve semiconductor companies. The new round saw participation from investors including IDG Capital, CAS Investment Management, China… Continue reading Chinese industrial software maker UniVista raises $164m series pre-A funding …
Warburg Pincus leads $250m investment into Vietnamese developer Novaland
A Warburg Pincus-led consortium has completed a $250-million investment in No Va Land Investment Group JSC (Novaland), a key member of NovaGroup, one of the leading developers in Vietnam, according to an announcement. The move is consistent with Warburg Pincus’s approach of backing best-in-class local partners in the market and marks the beginning of a… Continue reading Warburg Pincus leads $250m investment into Vietnamese developer Novaland
Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
Rimac Group said Tuesday it has raised 500 million euro ($536 million), funds that will help the Croatian startup expand beyond its electric hypercar roots and grow into a global EV components supplier — and eventually a publicly traded company. Softbank Vision Fund 2 and Goldman Sachs led the Series D investment round in a… Continue reading Rimac raises more than $500M from Porsche, Softbank and Goldman Sachs
China’s military scientists call for development of anti-Starlink measures
China must develop capabilities to disable and maybe even destroy Starlink internet satellites, the country’s military researchers said in a paper published by the Chinese journal Modern Defense Technology. The authors highlighted the possibility of Starlink being used for military purposes that could aid other countries and threaten China’s national security. According to South China… Continue reading China’s military scientists call for development of anti-Starlink measures