Although London is still maintaining a sizeable lead, Paris and Berlin are fast catching up. The gap could narrow down significantly in case of a cliffhanger Brexit. Data from PitchBook, a funding database, shows that despite Brexit, London has managed to cling on to the title of the top destination for technology investments in 2018…
Orb will use the proceeds for R&D, and growth purposes. On Thursday, Israeli blockchain startup Orbs disclosed, it has received an investment from Kakao Investment – the venture capital arm of South Korean internet conglomerate Kakao Corp. Orbs did not disclose the size of the investment. Earlier this year, Kakao had stated it would establish…
The strategic move places Uber in direct competition with venture-capital backed startup Citymapper. On Tuesday, as per a report from the Financial Times which cites source familiar with the matter at hand, Uber Technologies Inc plans on integrating the bus and Tube timetables of Transport for London. The development will place Uber in direct competition…
Artificial Intelligence will be pervasive in the coming years with its ubiquitous usage touching nearly every aspect of our day-to-day lives. In a significant development, U.S. chipmaker Qualcomm Inc has set up Qualcomm Ventures AI Fund, a $100 million fund, that will invest in startups working on artificial intelligence technologies. Qualcomm Ventures AI Fund has…
The funds from its latest funding round will be used to double its existing workforce. On Wednesday, British app-only bank Monzo disclosed that its backers now value it at $1.3 billion (1 billion pounds) thus giving it a unicorn status. The increase in valuation comes after Monzo raised 85 million pounds in its latest funding…
Much of the U.S. government’s stance can be traced back to a report prepared by the U.S. Department of Defense, which warns of Chinese venture investors accessing “the crown jewels of U.S. innovation.” Although the U.S. Administration is pushing to protects national security interests by blocking Chinese investments in the field of artificial intelligence, machine…
The new funding round, led by Alphabet’s CapitalG, saw its valuation boost by $500 million to $11.5 billion. As per U.S. share authorization documents filed in Delware, Lyft Inc is raising an additional $500 million in funding led by Alphabet Inc’s CapitalG. The new funding round is an extension of the $1 billion round that…
As per the latest valuation, Slack has been valued at a little over $5 billion. Sources familiar with the matter have disclosed, San Francisco-based Slack Technologies Inc is raising $250 million in a new funding round which will boost its valuation. Silicon Valley startups are enjoying a surge in venture capital investments. Slack Technologies,…
In the process, Milner expects the boom to create internet companies worth at least $4 trillion. On Friday, billionaire investor Yuri Milner, founder of venture capital giant DST Global disclosed that the surge in global online consumer spending is likely to create new internet companies worth almost $4 trillion. Milner, who made the comments…
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…
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