Top tech startup news for today, Monday, July 1, 2019
Below are some of the top tech startup news for today, Monday, July 1, 2019.
Spark Networks Closes Acquisition of online dating service startup Zoosk. Global dating company Spark Networks today the closed its previously announced acquisition of online dating service Zoosk. Spark Networks SE in its current form is the result of the merger between Affinitas GmbH and Spark Networks Inc in 2017 and the addition of Zoosk Inc in 2019. Spark has over one million monthly paying subscribers globally. Founded in 2007 by Alex Mehr and Shayan Zadeh, Zoosk is a popular dating app, offering a truly personalized dating experience through its Behavioral Matchmaking(TM) technology.
Lockheed Martin Ventures invests in 3D Glass Solutions. Aerospace and global security leader Lockheed Martin has invested an undisclosed amount in 3D Glass Solutions, an Albuquereque, New Mexico-based RF passive device design and manufacturing startup. Led by President and CEO Mark Popovich, 3DGS provides patented technology that spans the GHz spectrum and allows high-performance RF communication essential to both commercial consumer and complex avionics, space and security systems operating at high frequency. Founded in 2006, 3DGS’s mission is to provide its customers with an integrative solution in electronics and IC packaging that allows them to integrate more components onto a single platform while decreasing overall manufacturing costs.
TrapX secures $18 million in Series C financing for global expansion. TrapX Security, a San Jose, Calif.-based global leader in cyber deception technology, completed an $18m financing round to expand the global presence to additional countries and verticals. The round was led by Ibex Investors with participation from existing investors BRM, Opus Capital, Intel Capital, Liberty Technology Venture Capital, and Strategic Cyber Ventures. Founded in 2012 and led by Moshe Ben-Simon, CEO, and Ori Bach, General Manager, TrapX Security has developed cyber deception technology.
Aon, Oxfam, insurtech startup Etherisc launch first blockchain for agricultural insurance in Sri Lanka. Aon, the world’s second-largest insurance broker and a global provider of risk management, insurance and reinsurance brokerage, human resources solutions and outsourcing services, formally announced the launch of the first blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka. The project is in collaboration with Oxfam in Sri Lanka, the organization working to alleviate poverty; and Etherisc, the InsurTech startup developing a protocol for decentralized insurance applications. So far, nearly 200 farmers have enrolled in the solution that delivers micro-insurance to smallholder paddy field farmers in Sri Lanka who are at risk of losing their crops due to extreme weather.
RealWear secures $80M in Series B funding. RealWear, a tech startup that provides knowledge transfer and training platforms for the connected worker, raised an $80 million in Series B equity and debt financing round for continued market expansion and platform development. The round was led by Teradyne, Inc. (TER), with participation from Bose Ventures, Qualcomm Ventures LLC (QCOM), Kopin Corporation (KOPN), and investors from JPMorgan’s (JPM) Private Bank. Led by Andy Lowery, RealWear is a knowledge transfer platform company providing in-situ information and in-the-field training with software and hardware to allow people improve safety and increase productivity at work. In the last 18 months, RealWear has shipped 15,000+ HMT systems to 1,300+ enterprise customers globally.