Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

SpaceX raises $850 million in fresh equity funding round, sees valuation jump to $74 billion

According to a report from CNBC which citing sources familiar with the financing, Elon Musk’s SpaceX has completed an equity funding round of $850 million which sent its valuation soaring to nearly $74 billion. SpaceX raised the funds at $419.99 a share, said the report. SpaceX did not immediately respond to requests for comments.

Hydrogen plane startup ZeroAvia receives backing from Amazon.com Inc and Royal Dutch Shell

On Wednesday, hydrogen plane startup ZeroAvia stated it had secured $21.4 million in a funding round led by Bill Gates’ Breakthrough Energy Ventures to develop zero-emission commercial aircraft. The startup’s prototype hydrogen powered propeller plane has already completed 10 test flights. Its backers includes Amazon and energy giant Royal Dutch Shell. Hydrogen, which produces water…

Ride hailing service provider Bolt to invest $118M in European e-scooter market in 2021

On Thursday, Estonia-based ride-hailing service provider Bolt stated, it has decided to invest $118 million in 2021 and has set a goal to become the biggest e-scooter rental company in Europe. The development comes at a time when cab services have been severely affected by the coronavirus-induced COVID19 pandemic. As part of this strategy Bolt…

European fintech Revolut plans on applying for U.S.. banking license

According to sources with knowledge of the matter at hand, Revolut, a digital banking app plans on applying for a bank charter with the Federal Reserve Bank of San Francisco and California’s Division of Financial Institutions within weeks. Although Revolut’s bank charter will be with California, it will allow the lender to operate widely throughout…

U.S. gaming platform Roblox Corporation preparing to go public in early 2021

According to sources familiar with the matter at hand, Roblox Corporation is working with investment banks for its potential market debut in the United State early next year, which could see the online gaming platform double its recent $4 billion valuation. Demand for video games has surged in the United States with consumers seeking home…

Latin American SoftBank-backed startup Kavak is Mexico’s first unicorn

In a significant development, SoftBank-backed used-car platform Kavak has become Mexico’s first ever tech “unicorn”. The startup was valued at $1.15 billion in its latest funding round last month, said its CEO Carlos Garcia. Since its founding in 2016, Mexico City-based Kavak has raised more than $400 million in total funding with SoftBank, Greenoaks Capital…