Good morning! Here’s what you need to know this Tuesday in tech startup news.
Viva Republica, the South Korean PayPal-Backed Startup is the next Unicorn. Viva Republica, through its mobile app Toss, provides the simplest P2P mobile payments platform in Korea. Viva Republica has reached a milestone. Toss has now reached $12 billion transaction volume this year. This translate to an average of $1 billion a month. Mobile payments industry has grown in South Korea. The market is now estimated to be about $4.6 billion.
Google invested $12.3 million in India hyperlocal startup Dunzo. India-based daily tasks management app dunzo has raised $12.3 million in a Series B funding round from Google. The startup ‘s valuation has grown three times from its Series A round. The series B funding brings the startup valuation to $30 million.
Japan Airlines invested $10 million into U.S. startup’s supersonic plane. Japan Airlines (JAL) has invested $10 million into Boom Technologies, a Denver-based startup that wants to revive supersonic air travel. Boom Supersonic announced the strategic partnership to bring commercial supersonic travel to passengers in a press release.
Israeli chip startup Inuitive strikes a deal with Japan’s Softbank. Israeli semiconductor startup Inuitive Ltd. and SoftBank Corp. announced today they have entered into a collaboration agreement to integrate chips and processors developed by the Israeli firm with the Internet of Things products developed by the Japanese giant.
CryptoKitties is taking up a huge amount of processing power on the key cryptocurrency network ethereum. CryptoKitties is taking up a huge amount of processing power and potentially driving up transaction fees for other crypto currencies. CryptoKitties is a game centered around breedable, collectible, and oh-so-adorable creatures we call CryptoKitties! Each cat is one-of-a-kind and 100% owned by you; it cannot be replicated, taken away, or destroyed.
Amazon Launchpad joined HAX and Kickstarter to launch a startup challenge in India. Amazon Launchpad, a service by Amazon to make it easy for startups to launch, market, and distribute their products, has joined forces with hardware accelerator HAX and crowdfunding community Kickstarter to launch a startup challenge in India.
Bicycle sharing startup Mobycy raises seed funding. Mobycy, an India-based startup has raised $500,000 in a seed round from a US-based angel investor, the company said. The funding will be used to expand to six cities across India. Mobycy is an internet of things (IoT) based app that helps you find a bicycle near you anytime, scan QR to unlock, park anywhere.
Ironscales, a phishing prevention startup lands $6.5M round. Tel Aviv-based cybersecurity provider startup, Ironscales, announced today that it has raised a $6.5 million funding round led by K1 Capital Management to defeat one of the biggest online threats facing most organizations today.
vRadTech announced RadLaunch, a unique accelerator for ultraviolet and electron beam technologies. In a press release today, vRadTech announced the formation of “RadLaunch,” a unique, technology accelerator that will support early-stage start-ups and small businesses as they drive advancements in clean, sustainable, efficient, and energy-saving, next-generation technologies. vRadTech is a non-profit for ultraviolet and electron beam (UV+EB) processes sponsored by RadTech International NA, a Chevy Chase, Maryland-based company.
GoNanny wants to help busy parents get their kids home from school. GoNanny, a Chicago-based startup founded by a former child care professional, wants to match busy parents with the right nannies to drive and take care of their children. “We’re a support system for the family,” founder Patrice said.