Top startup news stories you need to know this Tuesday, January 30
Good morning! Here are some of the top tech startup news stories today Tuesday, January 30.
Indian ride-hailing firm Ola expands into Australia. Indian ride-hailing firm Ola is launching in Australia in its first overseas expansion. Ola will offer services across Sydney, Melbourne and Perth starting on Tuesday and will compete with rival firm Taxify in Australia. Ola co-founder and chief executive Bhavish Aggarwal said he was “very excited” and could see “immense potential” in embracing innovation.
Canada-based Homeland Security Fund AWZ Invests $4.25 Million in Cyber Startup Pcysys. Canada-based homeland security fund AWZ Ventures Inc. invested $4.25 million in Israel-based cybersecurity startup Pcysys Ltd., AWZ announced Monday. Pcysys technology acts as a “virtual hacker” that detects and warn of system vulnerabilities.
TrackR lays off 42 employees in ongoing market contraction. TrackR, the startup that lets you use an app to find items like keys, wallets and bags that have been tagged with its small Bluetooth-based tracking devices has laid off 42 of its employees as part of its effort to re-balance its workforce and to ensure the company remains efficient and focused, according to a report from TechCrunch.
Estonia-based Tera Ventures targets 55 mln euros for second fund. Tera Ventures, an Estonian venture firm, is seeking to raise 55 million euros for its second fund. The fund will invest in about 30 seed-stage technology startups in Estonia, Scandinavia, and Central and Eastern Europe.
Ex-Googlers create a self-driving car to deliver your groceries. Two former Google engineers have built a car that’s personalized for delivering your groceries, pizza or dry-cleaning. Nuro, a Mountain View, California, based startup, unveiled an autonomous vehicle Tuesday designed for making local commerce deliveries.