Remove 2016 Remove Network Remove Technology
article thumbnail

Nigerian fintech Appzone raises $10M for expansion and proprietary technology

TechCrunch

Typically , African financial institutions rely on using foreign technology solutions to solve their problems. It went live with its mobile and internet banking service in 2016 and launched an instant card issuance product in 2017. First, the company says it created the world’s first decentralised payment processing network.

Fintech 363
article thumbnail

Event networking app Grip raises $13M, as pandemic forces events to stay virtual

TechCrunch

With offline events now firmly moved to online for the foreseeable future, startups in the networking space had to pivot fast in the face of the pandemic. One of those was Grip , previously better known as a networking app for physical conferences (including TechCrunch Disrupt, at one point). million people.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Singapore-based Transcelestial uses lasers to build affordable internet networks

TechCrunch

Transcelestial is on a mission to make the internet more accessible by building a network of shoebox-sized devices that send lasers to one another, creating a fiber-like network. This brings Transcelestial’s total raised since it was founded in 2016 to $24 million. Investor In-Q-Tel was part of a previously disclosed round.

Internet 218
article thumbnail

Cymulate snaps up $70M to help cybersecurity teams stress test their networks with attack simulations

TechCrunch

The startup — founded in Tel Aviv, with a second base in New York — has raised $70 million, a Series D that it will be using to continue expanding globally and investing in expanding its technology (both organically and potentially through acquisitions). Cymulate cites figures from the U.S.

article thumbnail

Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

Today, Microsoft confirmed the acquisition but not the purchase price, saying that it plans to use Fungible’s tech and team to deliver “multiple DPU solutions, network innovation and hardware systems advancements.” ” The Fungible team will join Microsoft’s data center infrastructure engineering teams, Bablani said. .

Azure 282
article thumbnail

Window Snyder’s new startup Thistle Technologies raises $2.5M seed to secure IoT devices

TechCrunch

Her new startup, Thistle Technologies , is backed with $2.5 “It’s a defense mechanism,” Snyder told TechCrunch, a name that’s fitting for a defensive technology company. Mirai had ensnared thousands of IoT devices into its network at the time of the attack.

IoT 207
article thumbnail

FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked

TechCrunch

Startups like FlexID remind us that distributed ledger technology has the potential to play other roles, including offering trusted records of identities without the need for a centralized authority. million in 2016. Much of the world’s attention around blockchain is on the highs and lows of cryptocurrency values.