Top startup news stories you need to know this Thursday, January 18
Good morning! Here are some of the top tech startup news stories today Thursday, January 18.
Ripple startup co-founder loses $44 billion on paper during cryptocurrency crash. Ripple co-founder Chris Larsen lost about $44 billion on paper after Ripple’s XRP coin fell by 74 percent from an all-time high of $3.84. XRP coin was down to about $1 on Wednesday after major cryptocurrencies plunged by an average of 30%.
Apple plans to repatriate billions in overseas cash and create 20,000 new jobs. Apple announced plans to repatriate $38 billion in overseas cash, says it will contribute $350 billion to the US economy over the next 5 years create 20,000 new jobs and open a new campus.
French cryptocurrency storage startup Ledger raises $75 million. French cryptocurrency storage startup Ledger has closed on $75 million from Venture capital fund Draper Espirit. The Paris-based Ledger makes “cold storage” devices for cryptocurrencies, allowing people to store their digital assets on offline hardware away from the reach of hackers.
Startup Pandion raises $58M for next-gen approach to immunology. Cambridge, Mass.-based biotechnology Startup company Pandion has raised $58M Series A Financing to develop specific antibody therapeutics to achieve localized immunomodulation. The company believes it can create a set of specific antibodies that will allow for targeted, localized modulation of the immune system, with one arm of the specific binding to molecules expressed at the site of inflammation.
99designs reveals top four emerging startup industries for 2018. 99designs, the world’s largest on-demand design marketplace, today reveals the hottest emerging industries for startup entrepreneurs in 2018, according to data culled from its online graphic design marketplace. The industries include: Cryptocurrency, cannabis, VR and “alternative travel.”
Machine learning startup indico announces $4M financing. indico, a provider of enterprise machine learning solutions for unstructured content, today announced $4 million in new equity seed funding to extend its product capabilities and build out its go-to-market team. The current funding is led by Osage Venture Partners.