Top tech startup news stories you need to know this Wednesday, December 20
Good morning! Here are top tech startup news stories you need to know this Wednesday, December 20
Top court: Uber should be regulated like a taxi company. Europe’s top court has ruled that Uber should be regulated as a transportation company — and not a tech firm. The decision by the European Court of Justice is a major setback for Uber, which has long insisted that it should be treated as technology service that connects drivers and riders.
Logistics startup AxleHire serving HelloFresh lands $4.3 million in new funding. California-based logistics startup AxleHire that is already servicing some big names has announced $4.3 million in new venture capital (VC) funding. Accoding to TechCrunch, AxleHire secured the new funding from contributors like Acorn Pacific, RGA Ventures and other backers. AxleHire facilitates last-mile logistics and delivery for subscription commerce and consumer packaged goods (CPG) firms like HelloFresh and La Boulangerie.
RadTech Launches Energy Technology Accelerator. RadTech, the association for UV and electron beam (EB) technology, has announced the formation of RadLaunch, a technology accelerator that will support early stage startups and small businesses as they drive advancements in clean, sustainable, energy-saving technologies.
Content platform YourQuote raises $1 million in seed funding. India-based vernacular and video content platform YourQuote Solutions Pvt. Ltd has raised $1 million (Rs 6.4 crore) in seed funding led by IDG Ventures. The fresh fund will be used to help enhance the overall product and growth, expand the video platform, and scaling the community across India. This is expected to unlock the untapped potential of user-generated content.
Legaltech blockchain startup Agrello Partners with hardware-based cybersecurity provider Rivetz. Estonia-based startup Agrello has partnered with Rivetz to provide an innovative, proprietary hardware-based cybersecurity mechanism for digital identities. This way, an extremely safe and easy to use digital ID is created. Agrello provides blockchain-based Legaltech and digital identity services,