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Emirati AI firm G42 launches a $10 billion fund to invest in late-stage tech startup companies
Nickie Louise Posted On August 18, 2022


Group 42 (also known as G42), an artificial intelligence and cloud computing firm chaired by the Gulf state’s national security advisor, announced today the launch of a $10 billion fund to invest in late-stage technology startup companies. G42, which also counts prominent […]


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Madfish launches Yupana Finance, the first decentralized lending protocol on Tezos
Daniel Levi Posted On August 18, 2022


Today, open-source blockchain network Tezos welcomes the release of Yupana.Finance on its platform. Developed by a team of blockchain engineers at Madfish, Yupana.Finance is a decentralized and the first non-custodial lending protocol on Tezos. With this launch, Madfish is providing the […]


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China’s B2C e-commerce tech startup Dianxiaomi raises $110 million led by SoftBank, Sequoia
Nickie Louise Posted On August 17, 2022


Chinese business-to-customer cross-border eCommerce startup Dianxiaomi has raised $110 million in a Series D funding round led by SoftBank Vision Fund 2 and Sequoia China, with the participation of Tiger Global Management, GGV Capital, and others. SoftBank Vision Fund 2’s investment in Dianxiaomi […]


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BlackRock invests $700M in Australian battery storage startup Akaysha Energy as part of its renewable energy push
Nickie Louise Posted On August 17, 2022


Two years ago, BlackRock chairman and CEO Larry Fink wrote in his influential annual letter to CEOs that the company will not invest in companies that are not committed to climate change and social purposes. Fink reiterated the similar message in his […]


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Crypto.com receives approval from UK Financial Conduct Authority (FCA)
Nickie Louise Posted On August 17, 2022


While everyone is talking about the crypto bear market, Crypto.com continues to position itself for the future inking registration approvals from regulatory authorities from Italy, Singapore, and now the United Kingdom. Today, Crypto.com announced it has received regulatory approval from […]


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Tencent to sell its $24 billion stake in food delivery giant Meituan to appease the Chinese government
Daniel Levi Posted On August 16, 2022


In the past two years, China began to crack down on tech companies, wiping billions of dollars of value from its most prominent companies including Alibaba. Then in May, the Chinese government showed signs of easing its crackdown on the country’s tech […]


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Andreesen Horowitz invests $350 million in Adam Neumann’s new real estate startup Flow
Nickie Louise Posted On August 16, 2022


Remember WeWork, the embattled co-working giant that lost billions of investors’ money after raising a staggering $12.8 billion in funding over 14 rounds? In 2019, WeWork fired its CEO Adam Neumann, canceled its IPO, and laid off a quarter of its 12,500 employees. But […]


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GrowthSpace lands $25M to grow its talent development platform and connect employees to relevant experts
Nickie Louise Posted On August 16, 2022


Global spending on workplace learning and development, also known as human capital development and upskilling is estimated to be around $360 billion, according to data from Statista. One of the major challenges facing most organizations today is connecting employees to […]


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EV tech startup Faraday Future raises new funding for the production launch of its FF91 electric SUV
Nickie Louise Posted On August 15, 2022


In July, Faraday Future delayed the launch of its flagship electric SUV FF91 after warning that it was short on cash. The Los Angeles-based electric vehicle startup, which went public in a July 2021 merger with a blank-check company, was hoping to raise $325 […]


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Suspected developer of crypto mixer Tornado Cash arrested for laundering $7 billion worth of crypto
Daniel Levi Posted On August 12, 2022


Dutch authorities announced on Friday they had arrested a 29-year-old man believed to be a developer for the cryptocurrency mixer Tornado Cash. The announcement comes just a few days after the US Treasury put the notorious crypto startup on its sanctions list. […]


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Featured  / Privacy  / Startup Spotlight  / Technology News
Google fined $43 million for misleading users on collection of their personal location data
Nickie Louise Posted On August 12, 2022


In May, Texas Attorney General Ken Paxton filed a lawsuit against Alphabet’s Google claiming the Google search engine still collects data on users who think they can be anonymous if they use a “private browsing” mode. The lawsuit came about eight months […]


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Decentralized tech startup Satellite IM closes $10.5M to offer the world’s first web3 communications platform with private messaging
Daniel Levi Posted On August 11, 2022


Data breaches in the US hit a record high in 2021 affecting nearly 300 million victims. The cost of a data breach continues to skyrocket. According to a recent IBM study conducted by the Ponemon Institute, data breaches cost American companies on average […]


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Hackers stole $1.4 billion in crypto assets this year using crypto bridges; launder $540 million through RenBridge
Nickie Louise Posted On August 11, 2022


Just three days after the Office of Foreign Assets Control (OFAC) sanctioned crypto tumbler Tornado Cash, blockchain analytics firm Elliptic is now out with a new report about how blockchain bridges may become the potential future target for sanctions if the US […]


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Acquisition  / Featured  / Health  / HealthTech  / Startup Spotlight  / Technology News
TikTok parent ByteDance acquires Amcare Healthcare for $1.5 billion to make inroads into China’s $1 trillion healthcare market
Daniel Levi Posted On August 10, 2022


TikTok parent-company ByteDance’s healthcare unit in China, Xiaohe Health, has acquired a high-end private hospital chain called Amcare Healthcare in a deal worth $1.5 billion, according to a report from Bloomberg. A spokesperson for Xiaohe Health also confirmed the acquisition. The announcement is […]


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Musk sells $7 billion worth of Tesla shares, citing chance of forced Twitter deal
Nickie Louise Posted On August 10, 2022


Remember back in April when Tesla CEO Elon Musk said “no further TSLA sales planned?” New filings with the Securities and Exchange Commission (SEC) now showed that Musk sold 7.92 million Tesla shares worth $6.88 billion. The transactions happened earlier […]


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AppLovin offers to buy gaming software giant Unity Software for $17.5 billion
Nickie Louise Posted On August 9, 2022


Mobile marketing company AppLovin on Tuesday announced it has made an offer to buy gaming giant Unity Software in a $17.54 billion all-stock deal. As part of the deal, AppLovin will offer $58.85 for each Unity share, the companies said. The announcement […]


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Israeli tech startup Shopic bags $35M to bring its AI-enabled smart cart to top U.S. grocery chains
Daniel Levi Posted On August 9, 2022


These days, leading grocers and retailers are constantly exploring smart cart technologies to meet the growing demand for frictionless shopping and cashier-less checkout. However, introducing purpose-built smart carts to a store is often operationally complicated and very costly. Enter Shopic, a […]


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Fintech startup Airswift raises $2 million to build web 3.0 native payment infrastructure
Nickie Louise Posted On August 8, 2022


With millions of businesses currently operating in the physical universe, the arrival of web 3.0 and the metaverse is expected to usher in a new era of financial infrastructure as merchants look for ways to engage and benefit from accepting […]


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Axios sold to Cox Enterprises for $525 million
Nickie Louise Posted On August 8, 2022


Axios, an American news website founded in 2016 by former Politico journalists Jim VandeHei, has been acquired by Cox Enterprises for $525 million, Axios reported on its website. The acquisition will enable Cox Enterprises to expand its digital news site’s coverage to include […]


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Payments startup Forage lands $22M to make online grocery accessible to 42 million Americans on government food assistance program (SNAP)
Nickie Louise Posted On August 8, 2022


The United States is the richest country in the world. Yet, one in eight Americans receives government assistance to buy their weekly groceries, which translates to 42 million Americans who receive food assistance from the government Supplemental Nutrition Assistance Program, also known […]


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