OceanSound Partners is a New York-based growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets. Today, the firm announced it has closed $780 for its inaugural fund, OceanSound Partners Fund, LP. […]
As we reported earlier today, the U.S. Department of Justice (DOJ) said it has arrested a New York couple for conspiring to launder stolen bitcoin from the 2016 hack of virtual currency exchange Bitfinex. The DOJ said they were able to seize […]
The end has finally come for Peloton. The fitness startup that was once valued at $50 billion announced today it’s firing over 2,800 employees due to an ongoing downturn in the company’s business. The number represents about 20% of Peloton’s corporate workforce. As […]
Last week, we wrote about Tesla after Elon Musk’s tweet went viral in Times Square. The ad was paid for by some of Musk’s fans. It all started in May 2021 when President Joe Biden visited the Ford’s Dearborn, Michigan plant to […]
The US Department of Justice (DOJ) announced Tuesday morning it seized more than $3.6 billion in allegedly stolen cryptocurrency linked to the 2016 hack of Bitfinex. As part of the operation, DOJ said it has also arrested a New York […]
Metal corrosion is a costly problem that has plagued humans for centuries. Many of these corrosion problems take place on metal surfaces where cation or anion concentration increases or metal salt or oxide precipitation occurs. For decades, metallurgical engineers have come up with […]
Intel today announced a new $1 billion fund to support early-stage startups and established companies building disruptive technologies for the foundry ecosystem. A collaboration between Intel Capital and Intel Foundry Services (IFS), the fund will prioritize investments in capabilities that […]
SIDUS takes us to infinity and beyond to a Metaverse playing field set far in the future, where humans are morphed with technology. The game play is eerily lifelike and the Multiplayer Online Role-Playing Game leverages the blockchain, in order […]
Robinhood has forever changed the way we invest. Before its GameStop saga with retail investors on Reddit, Robinhood was the free-trading app to democratize investing by giving everyone an equal opportunity to participate in the financial markets. The startup also made it affordable […]
Peter Thiel, an early Facebook investor, announced today that he is stepping down from the board of its parent company, Meta. Thiel said he wants to focus on backing Trump allies for the midterm elections in November, according to a […]
Facebook is a company everyone loves to hate and many think CEO Mark Zuckerberg is ahead of his time. In a widely celebrated news event on October 28, 2021, Facebook rebranded to Meta to reflect Mark Zuckerberg’s ‘metaverse’ vision. While […]
Move over, N26. There’s a new challenger bank in town. Vivid Money is a new financial super app App launched two years ago to make it easy for customers to open a new bank account within a few minutes using their […]
The freight forwarding industry has long played a critical role in the economy. Speedy innovations often skip over this industry, even though the delivery of goods is even more important to both consumers and retailers than it has ever been […]
Ethereum infrastructure tech startup has raised a massive $450 million in Series A funding led by Sequoia Capital India, with participation from SoftBank Vision Fund 2, Galaxy Digital, Galaxy Interactive, Tiger Global, Republic Capital, and other prominent investors like Alan Howard (co-founder, Brevan Howard) and Kevin O’Leary Formerly called Matic Network, Polygon […]
As the saga between Joe Rogan and Spotify continues, Spotify CEO Daniel Ek said on Monday that he’s committed to keeping the world’s most popular podcaster on the platform. However, a new announcement from the neutral video platform Rumble is about to change […]
As you probably know, the decentralized finance (DeFi) lending landscape is plagued with a serious flaw: over-collateralization, the provision of collateral that is worth more than enough to cover potential losses in cases of default. For instance, if you want to […]
Web 3.0 is slowly taking over the internet, the past few years have seen more people embrace the potential of a decentralized web following the debut of blockchain technology and cryptocurrencies. As it stands, most of the platforms that exist […]
Just a year after raising funding from a secondary market, Flexport announced on Monday it has raised $935 million in the late-stage funding round led by Andreessen Horowitz and MSD Partners with a strategic investment from Shopify. The Series E round, […]
Metaverse has taken the world by storm since Facebook changed its corporate name to Meta in October 2021. Since then, venture capital firms and global investors looking for opportunities to invest in the next big winners have poured billions of dollars […]
A year after its $14 billion IPO, dating app startup Bumble finally makes its first acquisition. Bumble announced on Monday it has acquired France’s Fruitz, a freemium dating app popular among Gen Z and used across Europe. The financial terms of the deal were not […]
