Top tech startup news stories you need to know this Tuesday, March 6
Good morning! Here are some of the top tech startup news stories today Tuesday, March 6.
Cancer-fighting nanorobots programmed to seek and destroy tumors. Researchers from Arizona State University and the National Center for Nanoscience and Technology of the Chinese Academy of Sciences were able to successfully destroy cancer tumor in mice after they injected nanobots made from a folded sheet of DNA into the bloodstream of mice.
Coinbase is being sued. The popular cryptocurrency exchange is facing two lawsuits. One alleges insider trading by employees, and the other accuses the company of failing to deliver cryptocurrencies to people who didn’t have accounts.
Israeli startup Neema is helping Marshall Islands to create legal tender cryptocurrency. According to Reuters, Israeli startup Neema is partnering with the Marshall Islands, a tiny Pacific Ocean nation, to issue the first cryptocurrency that is also a country’s legal tender. The currency, called SOV, had its status as legal tender approved by parliament, the minister in assistance to the country’s president
A startup called Scenera is helping to make internet-linked security camera as smart as smartphone. Scenera is helping to put together a new alliance called Network of Intelligent Camera Ecosystem (NICE), of a group of companies companies with the goal of making your next internet-linked security camera as smart and as adaptable as your smartphone is.
VC firm Matrix Partners backs chatbot developer Anaek. India-based chatbot developer Anaek Soft has raised undisclosed amount of money in seed funding from venture capital firm Matrix Partners India. The fund will be used to develop better technology and for marketing. He didn’t disclose the amount raised.
Athlete optimization startup Whoop raises $25 million. Sports performance startup, Whoop, has raised $25 million in a series C round of funding. Its platform helps athletes and coaches understand the impact of physical strain in order to optimize training and reduce injury.
Travel startup RedDoorz raises $11 million in new funding to grow its hotel network. RedDoorz just raised $11 million in new funding to expand its network of budget hotels and guest houses throughout Asia. The company first launched in Indonesia, before using earlier funding rounds to expand to the Philippines and Singapore. With the new funding, RedDoorz is now well positioned to compete AirBnB in the region.
EV startup NIO hires 8 big banks to work on coming IPO. The China-based electric vehicle startup NIO has hired 8 large banks to work on its coming initial public offering (IPO) of stock in the US, unnamed sources quoted by Reuters reported.