Investment news and updates from the technology Industry
San Francisco, CA – The tech world was buzzing with excitement and speculation when Instacart, the famed grocery-delivery service, announced its Initial Public Offering (IPO). Yet, even more headlines were generated when co-founder Apoorva Mehta, who has been a driving force behind the company since its inception, revealed his subsequent departure, checking out with a […]
After making headlines with an impressive IPO, where its shares climbed by a remarkable 25%, Arm faces an abrupt market reality check. In a mere span of three days, the tech giant’s stock fell significantly, leading to a shedding of $8 billion in market value. Highlights Arm, whose IPO was a significant win for its […]
The global tech industry witnessed a significant event as chip designer Arm made a resounding debut on the stock market. The company’s shares skyrocketed by 25%, marking one of the most successful Initial Public Offerings (IPOs) of recent times. Arm successfully raised an impressive $4.87 billion, making it the year’s largest IPO and further solidifying […]
According to data published by Briter Bridges, Kenyan startups obtained more equity capital from African investors in the first half of 2023 than any other African country. Rwanda ($280 million), South Africa ($400 million), Kenya ($520 million), and Egypt ($510 million) are the top four countries featured in the research. When looking at total funding […]
More and more laws are being passed to protect sensitive information in the business world. According to the National Conference of State Legislatures, over 40 states in the United States introduced 250 cybersecurity-related laws in 2022. And there will be much more soon. The tendency is unquestionably beneficial to buyers. But some businesses are having […]
Advanced Ionics, a developer of water vapor electrolyzers for the production of green hydrogen, has secured $12.5 million in Series A funding. The round was led by bp ventures, with participation from Clean Energy Ventures, Mitsubishi Heavy Industries, and others. The funding will be used to accelerate the development and commercialization of Advanced Ionics’ technology. […]
Leonid Radvinsky, a Ukrainian, received $338 million in dividends from OnlyFans, an online platform utilized by sex workers, musicians, and celebrities for subscription streaming services. Payments processed through OnlyFans’ platform increased to $5.6bn in 2022 from $4.8bn in 2021, according to financial documents submitted with Companies House, the UK’s business registry. Fenix International, headquartered in […]
The financial software company Ramp announced the raising of $300 million at a $5.8 billion valuation. Thrive Capital and Sands Capital were the lead investors in this round of investment, joined by General Catalyst, Founders Fund, and other existing investors. Because of the general decline in technology stock values, the New York City firm is […]
According to two sources familiar with the situation, privately owned software developer Databricks Inc. is in talks with T. Rowe Price about a fresh investment round that would value the company at $43 billion. The persons, who requested not to be identified because the conversations are confidential, said that the talks are in the early […]
The US Air Force is funding aerospace startup JetZero to the tune of $235 million so that the company can develop an unorthodox plane that uses significantly less fuel than the planes that have traditionally ruled the skies. The Defense Innovation Unit of the Pentagon has announced a four-year grant. By early 2027, according to […]