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Adobe Announces $20bn Deal to Buy Figma

September 15, 2022

Adobe has announced it will acquire the design platform Figma in a deal worth around $20 billion in cash and stock.  Figma, which creates cloud-based design software that enables collaboration in real…

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Zoom Shares Drop Amid Murky Outlook 

August 24, 2022

Shares of video communications company Zoom fell 16% on Tuesday after the company missed revenue estimates for the second quarter.  Zoom reported $1.10 billion in revenue for the three months ending June,…

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SEC Swoops on Massive Cryptocurrency Pyramid Scheme

August 2, 2022

The US Securities and Exchange Commission (SEC) announced it has charged 11 people for their role in an alleged Ponzi scheme called Forsage, which defrauded retail investors for more than $300 million. …

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Google Fires Engineer Who Claimed Artificial Intelligence Technology was Sentient 

July 26, 2022

Google has fired the engineer who claimed an artificial intelligence chatbot had gained consciousness.  Blake Lemoine, raised ethical concerns with the company last month after he became convinced the AI chatbot he…

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Bezos’s Blue Origin Sells Seat on First Spaceflight for $28 million

June 14, 2021

An unnamed bidder has paid $28 million for a seat on the first crewed spaceflight by Jeff Bezos’s Blue Origin.  On Saturday the company hosted an online auction, inviting wealthy space enthusiasts…

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Construction Startup Katerra to Shut Down After More Than $2bn in Funding

June 2, 2021

SoftBank-backed construction startup Katerra is to shut down, after receiving more than $2 billion in funding.  The company told employees it will be shutting down operations, according to a report in The…

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Pipeline CEO Admits to Paying $4.4m to Ransomware Hackers

May 20, 2021

The CEO of Colonial Pipeline has confirmed the company paid $4.4 million in ransom to the hackers who disabled its pipeline in May.  In an interview with the Wall Street Journal, Joseph…

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OurCrowd Jobs Index Shows Startup Hires Growing Despite Pandemic

February 23, 2021

Startups backed by influential Israel-based equity crowdfunding group OurCrowd are looking to hire in greater numbers, despite the lingering COVID-19 pandemic. The number of jobs listed by OurCrowd’s global portfolio companies more…

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Broadband Startup Isotropic Systems Gets $42m Injection from Aerospace Heavyweights

February 8, 2021

British broadband terminal startup Isotropic has won a $42 million funding round, which it says brings the firm closer to its first commercial product rollout. The round, led by satellite company SES,…

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The Top Three Aotearoa New Zealand Startups to Look Out For in 2021

January 27, 2021

Thanks to a quick-witted government, compliant population and geographical fortitude, Aotearoa New Zealand (Aotearoa is the nation’s Maori name) has suffered the effects of COVID-19 less than perhaps any other developed economy…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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