Japan’s Toyota Motor Corp has cut its stake in Uber Technologies Inc by about half after the ride-hailing giant divested the autonomous driving unit at the centre of their collaboration. “The development of vehicles related to automated driving was one of the main objectives of Toyota‘s investment,” Toyota spokesperson Shiori Hashimoto said in a statement, adding that the company still aims to maintain their alliance. The world’s largest… Continue reading Toyota halves stake in Uber, but looks to maintain ties
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UK Approves WikiLeaks Chief Julian Assange’s Extradition to the US
WikiLeaks founder Julian Assange faces a dwindling number of options after the UK government approved his extradition to the United States on Friday. The decision is the latest chapter in a prolonged legal battle that started when former military intelligence analyst Chelsea Manning leaked classified government documents about the wars in Afghanistan and Iraq, which… Continue reading UK Approves WikiLeaks Chief Julian Assange’s Extradition to the US
Ahana Raises Additional $7.2M in Funding
Ahana, a San Mateo, CA-based provider of a Software as a Service for Presto, raised $7.2M in funding, extending its Series A financing to $27.2 million. The round was led by Liberty Global Ventures with participation from existing investor GV. The company intends to use the funds to continue to grow its technical team and product development;… Continue reading Ahana Raises Additional $7.2M in Funding
Assure Analytics Releases Groundbreaking State of the SPV Report
Research reveals SPVs will continue to democratize private asset investing due to their efficient, flexible, and affordable structure SALT LAKE CITY, June 16, 2022 /PRNewswire/ — Assure Analytics today announced the availability of its inaugural State of the Special Purpose Vehicle (SPV) Report, an aggregation of millions of data points across private markets which are then… Continue reading Assure Analytics Releases Groundbreaking State of the SPV Report
Metropolis Technologies Raises $167M in Series B Funding
Metropolis Technologies, a Los Angeles, CA- and Nashville, TN-based provider of a mobility commerce platform, raised $167M in Series B funding. The round was led by 3L Capital and Assembly Ventures, with participation from Dragoneer Investment Group, Eldridge, Silver Lake Waterman, and UP Partners, Deputy Mayor of New York City Dan Doctoroff, DivcoWest, Moving Capital… Continue reading Metropolis Technologies Raises $167M in Series B Funding
SparkCharge raises $23 million to scale its on-demand EV charging service
Mobile charging specialist SparkCharge has raised $23 million in a Series A funding round co-led by Tale Venture Partners and Pendulum. SparkCharge will use the new funding to scale Currently, the company’s on-demand mobile charging app, which allows users to schedule a charge to be delivered to their EVs. SparkCharge says the Currently service has… Continue reading SparkCharge raises $23 million to scale its on-demand EV charging service
Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding
The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes. Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity. Khazenly, founded in… Continue reading Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2.5M seed funding
Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly
The construction industry in Kenya is so big that it is among the few globally that expanded amidst the Covid lockdowns of 2020. And it is not showing any signs of slowdown with the country’s data agency — the Kenya National Bureau of Statistics — projecting it to grow at an average rate of 6.1%… Continue reading Kenya’s Jumba bags $1M to help operators of hardware stores restock seamlessly
Financial Planner Desperately Explains to Clients Why the Bitcoin Crash Is Good, Actually
Crypto is crashing, and bitcoin bros are having a tough week. In a long and winding thread, financial advisor and Coinbase commentator Isaiah Douglass laid out his case for why the currency’s second major crash in two months is actually good news for people who’ve invested in blockchain assets. “I regret nothing,” Douglass began in… Continue reading Financial Planner Desperately Explains to Clients Why the Bitcoin Crash Is Good, Actually
Massachusetts court rejects ballot to define gig workers as contractors
In a major setback for app-based gig economy companies like Uber, Lyft and DoorDash, a Massachusetts court ruled on Tuesday to throw out a proposed ballot measure that would, if passed, define gig workers as independent contractors rather than employees. The Massachusetts Supreme Judicial Court’s unanimous decision found that the ballot initiative violated state law… Continue reading Massachusetts court rejects ballot to define gig workers as contractors