American chip-processing starting Ayar Labs has secured a $35 million Series B funding round, to help grow its novel I/O-replacement technology. The Emeryville, California-based firm received the round from co-leaders Downing Ventures…
SoftBank Value Plummets on Shaky Tech Deals
Japanese giant SoftBank has seen its share price fall sharply today, due to its exposure to continued US-tech selloffs. The company opened trading on Monday 2.6% down, and ended it with a…
Tencent to Plow $70bn into “New Infrastructure” Tech
Chinese mega-investor Tencent will pour 500 billion yuan ($70bn) into emerging technology, as part of an ambitious five-year investment project. The move follows April’s creation of a Chinese blockchain committee by the…
Swedish Logistics Startup Instabox Wins $39m Finance Round
Swedish logistics outfit Instabox has secured a €36 million ($39m) financing round, as it looks beyond its Scandinavian home market. The company, founded five years ago by Alexis Prifitis, Johan Lundin and…
China Tech Investments Down 31% in Q1 2020, as Corona Continues to Steamroll Economy
Investments into China’s technology industry fell by 31% in the first quarter of 2020, as the COVID-19 outbreak battered the country’s economy. VC into the sector was $16.8 billion this Q1, compared…
RTP Global Launches $650m Early-stage Fund
Russian investment firm RTP Global has announced a $650 million early-stage fund – its biggest to date by far. The Moscow-headquartered company will plough its cash into startups in Europe, North America,…
Memphis Meats Raises $161 Million for Cell-Based Meat
Memphis Meats, the company growing meat from animal cells, just got a huge cash injection as it looks to upset an industry which is already evolving fast. The California-based startup, which has…
France’s Macron Heralds $5.5bn Late-stage Investment Pledge
French president Emmanuel Macron has announced that he has convinced institutional investors to plough €5 billion ($5.5bn) into late-stage VC funds and asset managers, as the country opens one of its tech…
EdTech Startup AttainU Receives Angel Funding from Heavyweight Investors
Bangalore-based AttainU, an online platform offering live tuition courses, has won an angel investment funding round led by several of India’s leading tech lights. The backers include ex-Google India chief Shailesh Rao,…
Why has it taken Asia to Kickstart Latin America’s Tech Boom?
Oftentimes at tech events, when companies pitch the breadth of their market, or investment opportunities, their Powerpoint presentation misses Latin America entirely. It’s not that they simply forget to mention the 639…