Hashicorp: The Young, Hot Startup Worth $1.9 Billion Hashicorp is an open-source software firm that has quickly gained traction. Last Thursday, investors stumped up $100 million that valued the company at $1.9 billion.…
How Sefamerve Aims to Master the $254bn Islamic Fashion Market
Islamic fashion, oftentimes known as modest fashion, is a $254 billion market. Perhaps it’s surprising, then, that so few startups have made a successful go at dominating it. Sefamerve, a Turkish e-commerce…
Temasek Acquires Israeli Cybersecurity Firm Sygnia for $250m
Temasek, Singapore’s state-controlled investment vehicle, has acquired Israeli cybersecurity company Sygnia for around $250 million. Sygnia, headquartered in Tel Aviv, only came out of stealth last year. It was launched in 2015…
SoftBank Takes Massive Hit on Stock Tumble, and Saudi Khashoggi Outcry
Japan’s SoftBank Group Corp has devalued by as much as $22 billion, on the back of a global tech stock tumble, and ongoing outrage over Saudi Arabia’s alleged slaying of a prominent…
Progress Speeds Up on Dubai to Abu Dhabi UAE Hyperloop
Five years after Elon Musk imagined the Hyperloop, two companies are vying to make it a reality between the United Arab Emirates’ two most prominent cities. The proposed Hyperloop between Dubai and…
Here Are Macau’s Three Most Exciting Startups
Hong Kong may be recognized as the tech darling of China’s south coast. But its sister territory, just a four-hour ferry across the Zhujiang River Estuary, has a startup scene of its…
Four Beijing-Based Unicorns You May Never Have Heard Of
In case you’ve been living under a very large, dark rock, you’ll know that Chinese tech is poised to take on the world – trade war or no. And while western headlines…
Sequoia Closes India and SE Asia Fund at $695m
Sequoia Capital has closed its latest fund for India and southeast Asia at $695 million. It is the Californian VC’s sixth in India since it expanded into the country in 2012, which…
South Korean Government Sets Aside $880m for Blockchain
South Korea’s government has ringfenced $880 million in its annual budget next year, to invest in high-innovation technology – particularly the blockchain. In a release issued on Tuesday, the country’s deputy prime…
Klook Looks Global with $200m Funding Round
Travel platform Klook has won a $200 million Series D funding round, as the Hong Kong-headquartered firm looks to expand beyond its strong Asian base. The round, led by firms including Sequoia…