Veho, a New York-based ecommerce logistics company that enables personalized next-day package delivery, raised $125M in Series A funding. The round was led by General Catalyst with participation from Construct Capital, Bling Capital, Industry Ventures, Fontinalis Partners and Origin Ventures. The company intends to use the funds to grow the team, expand from 14 to… Continue reading Veho Raises $125M in Series A Funding
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Vietnam’s Vingroup plans bond issue to raise $1.5b for automobile unit …
Vingroup, Vietnam’s biggest listed company, plans to raise $1.5 billion through the issue of international bonds next year to boost capital for its automobile unit, the company said in a statement. The funds will be used to repay loans and for the expansion of VinFast, the group’s automobile unit, the statement said. Bondholders will be able… Continue reading Vietnam’s Vingroup plans bond issue to raise $1.5b for automobile unit …
Alexa is nagging you more because Amazon knows you don’t care about its new features
If you regularly use an Alexa device, you’ve probably been upsold by Amazon’s assistant at some point. Ask Alexa to carry out some basic task like setting a timer, and it will finish its response with a cheery “By the way, did you know I could [insert feature you’ve never heard of here].” As highlighted… Continue reading Alexa is nagging you more because Amazon knows you don’t care about its new features
Tesla (TSLA) secures graphite anode material for battery production in rare new offtake deal
Tesla (TSLA) has secured new “Active Anode Material” from graphite for battery production in a rare new offtake agreement deal with Syrah Resources Limited. Australia’s Syrah Resources Limited operates a graphite mine in Balama, Mozambique. The mine supplies an upcoming natural graphite Active Anode Material (AAM) production facility based in Vidalia, Louisiana. Syrah is currently ramping… Continue reading Tesla (TSLA) secures graphite anode material for battery production in rare new offtake deal
China-focused PE firm Yuantai Ventures Partners raising $250m for Fund I …
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading China-focused PE firm Yuantai Ventures Partners raising $250m for Fund I …
ONE Championship raises $150m from Qatar sovereign fund, Guggenheim Investments
Singapore-based sports media platform Group ONE, the parent company of ONE Championship and ONE Esports, has closed a $150 million equity financing round led by two new global investors, Guggenheim Investments and Qatar Investment Authority (QIA), according to a statement. The company has received about $50 million in equity funding from Al-Rayyan Holding, a wholly-owned subsidiary of QIA,… Continue reading ONE Championship raises $150m from Qatar sovereign fund, Guggenheim Investments
Taipei-based edge AI firm Gorilla to go public on Nasdaq via SPAC merger
Gorilla Technology Group, a Taipei-based developer of edge artificial intelligence (AI) for security and other applications, has agreed to merge with Nasdaq-listed black cheque firm Global SPAC Partners in a deal that values the business at about $708 million. The combined company is expected to be publicly listed on Nasdaq under the symbol “GRRR” following… Continue reading Taipei-based edge AI firm Gorilla to go public on Nasdaq via SPAC merger
China Digest: QureBio, Galaxy Future Technology in funding news
QureBio has raised about 200 million yuan ($31 million) in its Series B round of financing, while Galaxy Future Technology has secured $10 million in its angel and angel+ rounds. QureBio nabs nearly $31m in Series B Biopharmaceutical firm QureBio has secured approximately 200 million yuan ($31 million) in its Series B round led by… Continue reading China Digest: QureBio, Galaxy Future Technology in funding news
Samsung teases a PCI 5.0 SSD that can hit 13,000 MB/s read speeds
Samsung has teased a PCIe 5.0 SSD showing that storage products should keep doubling in speed every few years, even while Moore’s Law is decelerating. Designed for enterprise servers, the PM1743 SSD can hit read speeds of up to 13,000 MB/s and handle 2,500K input/output operations per second (IOPS) — nearly double what the best… Continue reading Samsung teases a PCI 5.0 SSD that can hit 13,000 MB/s read speeds
Chinese AI startup SenseTime said to plan HK IPO relaunch on Monday …
Chinese artificial intelligence startup SenseTime Group plans to keep its Hong Kong initial public offering (IPO) at $767 million as it considers re-launching the withdrawn deal as early as Monday, four people with direct knowledge of the matter said. The people could not be identified as the information is not public. A spokesperson for SenseTime, which withdrew its Hong Kong IPO on Monday after… Continue reading Chinese AI startup SenseTime said to plan HK IPO relaunch on Monday …