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…
Construction Startup Katerra to Shut Down After More Than $2bn in Funding
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…
Klarna Set for New Funding Round at $40 billion Valuation
Swedish fintech startup Klarna is reportedly close to securing a new round of funding that would value the company at more than $40 billion. Klarna offers a buy-now-pay-later service to retailers and…
Pipeline CEO Admits to Paying $4.4m to Ransomware Hackers
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…
SparkBeyond Proves AI’s Place in Post-Pandemic World
The COVID-19 pandemic has forced the world to confront harsh realities. First, our ultra-high-tech existence can be brought to its knees by even a modest display of nature’s destructive power. Second, the…
Is This the Second Dot Com Bubble?
Will the latest dot com bubble burst? That’s the question on many lips, as 2020 shapes up to be one of the most remarkable years ever for tech brands going public. AirBnB’s…
WeWork Begins Restructuring After IPO Debacle
WeWork executives have begun the daunting task of rebuilding the company, starting with 2,400 layoffs and possibly renegotiating founder and former CEO Adam Neumann’s $1.7 billion payoff. WeWork, which was temporarily renamed…
Inxeption Brings Blockchain and Competition to E-Commerce
Most entrepreneurs gamble when they start a company—few were born from a bet. Inxeption, an E-commerce platform built on blockchain technology, is one such exception. Given the expertise behind it, the company’s…
In the Race to Build the Car of the Future, Israel is Speeding Ahead
Israel’s status as a leading tech nation is not in doubt. The Middle Eastern state of just eight million people, known as “Silicon Wadi”, is home to 5,000 startups and 750 venture-backed…
OurCrowd Launches $100m AI Fund
Equity crowdfunding platform OurCrowd has launched its Cognitiv fund, which will invest $100 million into early-stage artifical intelligence, robotics and digital manufacturing firms worldwide. It is the company’s 12th fund since it…