SZ DJI Technology, the world’s biggest maker of civilian drones, is seeking to infuse fresh capital through a combination of new equity and debt; its IPO is slated for 2019. According to three sources with knowledge of the matter, SZ DJI Technology Co Ltd, a Chinese drone maker, is seeking at least $500 million at…
The projects it plans on funding will focus on building 5G solutions, smart manufacturing platforms and cloud computing services. On Monday, Foxconn, the world’s largest contract manufacturer of electronics, stated it plans on using the proceeds of one of its subsidiaries, which got listed in Shanghai, to fund 8 projects totaling to $4 billion (27.3…
Hospitals across the country were forced to turn away patients due to the cyberattacks. Britain’s defence minister Michael Fallon has disclosed that the country is spending $64 million (50 million pounds) on improving the security of the National Health Service’s computer systems while warning that the institutions faced cyber threats. During an interview on BBC’s…
Traditional venture capital firms typically take 6 to 12 months to provide funding. The co-founder of blockchain startup Gnosis, Martin Koppelmann has disclosed that the company has decided to leave most of its remaining currency untouched for a year in the wake of its initial digital currency sale that raised $12.5 million in just 12…
The X-plane is a joint collaboration between Lockheed Martin and NASA. NASA’s quest to create a supersonic jet, the QueSST, that is incredibly quiet took a step closer to reality with NASA and Lockheed Martin stating wind tunnel tests for the X-plane. Although currently at this stage, it is only a scale that is being…
The industry for alternative energy sources is only set to grow. In a big step towards green energy, Ireland has decided to slice out coal and oil from its energy footprint. The country’s parliament has passed a bill that stops the country’s investment in fossil fuels. The move has yet to become law since it…
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