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e& and Huawei Launch Middle East’s First Net-zero 5G Massive MIMO Site

CIO

At the recent UN Climate Change Conference (COP28), Huawei and e& announced the inauguration of the region’s ground-breaking net-zero 5G massive MIMO site, setting new benchmarks in sustainability and technological innovation. The expectant result is a reduction in CO2 emissions by about 26 tonnes per year.

.Net 257
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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

Given the startup’s agency model, most of that revenue is paid out directly to the firm’s agents, who netted about $3 billion in commissions in 2020. Compass posted a net loss of $270 million in 2020, a net loss roughly in line with what it has experienced in the past two years.

.Net 260
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Robinhood files to go public after squeaking to profitability in 2020

TechCrunch

million in 2020. million, up around four times from its Q1 2020 result of $127.6 Notably, Robinhood was profitable in 2020, generating net income of around $7.4 That compares with a net loss of $107 million for 2019. Robinhood saw its revenues soar from $277.5 million in 2019 to $985.8

.Net 247
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Berlin’s Kaiko Systems nets €2M to help maritime technical operations go paperless

TechCrunch

Kaiko Systems, which Fussek founded in 2020 with Eddy del Valle, the former CTO of freight-forwarding unicorn Sennder , provides a smartphone-based tool for front-line workers and inspectors to collect operational data onboard. “Shipping companies finally made their long-overdue investment in digitization,” said Fussek.

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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. billion and $1.73

eCommerce 294
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Rapid growth in 2020 reveals OKR software market’s untapped potential

TechCrunch

After OKR-focused Gtmhub announced its $30 million Series B the other day , The Exchange reached out to a number of OKR-focused startups we’ve previously covered and asked about their 2020 growth. 300% ARR growth, 2020. Perdoo: 240% paid customer growth, 2020. 340% user base growth, 2020. We got what we could.

Software 202
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Here’s how fast a few dozen startups grew in Q3 2020

TechCrunch

“Revenue for the first three quarters of 2020 is 11X our origination 2020 plan, and 18X versus the same period in 2019,” he said in an email. Bank digitization, O’Malley says, which has “been forced to happen rapidly and dramatically” in 2020. What’s driving growth? Software/SaaS.

Fintech 284