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Digital twins — virtual representations of actual systems — have become an important component in how engineers and analysts build, visualize and operate AI projects, network security and other complicated architectures that might have a number of components working (or malfunctioning as the case may be) in tandem.
Public App, a location-based social network that connects individuals to people in their vicinity, has raised $41 million in a new round, just six months after securing $35 million as the hyper-local Indian startup looks to expand its presence in the world’s second-largest internet market.
Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024.
Koko Networks , a Kenya-based bio-fuel technology enterprise, has extended its business to cover other fast-moving consumer goods through a new tech platform that will capitalize on its established distribution networks in low-income neighborhoods. Image Credits: Koko Networks.
The funding brings XanPool’s total raised since it was founded in 2019 to over $32 million. XanPool says its C2C network now has over $200 million of liquidity. The round included participation from CMT Digital, Wise founder and chairman Taavet Hinrikus and existing investors Gumi Gryptos and Antler.
New York-based MyPlace , a social network designed to help friends share their private homes, has raised $5.8 The platform was originally launched in 2019 by entrepreneurs Zach Bell and Rameet Chawla as a way for them to share their private homes with their friends. Once you get onto the network, you can find your own friends on it.
parameters) in 2019 to models like GPT-4 (1+ trillion parameters) and DeepSeek-V3 (671B parameters, using Mixture-of-Experts). As AI models continue to scale and evolve, they require massive parallel computing, specialized hardware (GPUs, TPUs), and crucially, optimized networking to ensure efficient training and inference.
In the midst of a major second wave of coronavirus infections across Europe, an Estonian startup that’s building an on-demand network to move food and people around in cars, on scooters and ( most recently ) on bikes across developed and emerging markets in EMEA is announcing a major round of funding. France, South Africa and Nigeria.
He claims one of the company’s major differentiators is that its network obtains data directly from first-party sources, such as merchants, and doesn’t collect personal information — addresses, phone numbers, email addresses and the like — “unless absolutely necessary” to deliver a service.
With an increasingly decentralized workforce and unprecedented demands from both business and the economy, the network as always is the all-important component of a modern IT infrastructure of an organization. A primary technology driving this evolution is the network industry, the substrate on which global organizations function seamlessly.
Once a compromised USB drive was inserted into a system, Stuxnet was executed automatically via the vulnerability, infecting the host machine, propagating to other systems through network shares and additional USB drives. This flaw, along with several other Flash vulnerabilities, highlighted Flash’s risks, accelerating its eventual phase-out.
To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Did African startups raise $496M, $1B or $2B in 2019? billion in 2019. Behind the numbers.
Discord’s doubling in corporate value comes as the persistent, inept, American response to the COVID-19 pandemic continues to accelerate the adoption and growth of businesses creating virtual social networking opportunities. Those opportunities are apparent in Discord’s explosive growth.
Founded in 2019, Enveda has raised $360 million, per Crunchbase. Enfabrica , $115M, semiconductor: AI networking chip startup Enfabrica raised a $115 million Series C led by Spark Capital as it inches closer to its newest chip release early next year. Founded in 2019, the company has raised $160 million, per Crunchbase.
The Y Combinator (W20) backed startup, co-founded in 2019 by Martin Kibet (COO), and brothers Iain Usiri (CEO) and Calvin Usiri (CTO), provides inventory management systems, procurement and point of sale software to its network of micro-distribution centers (MDCs), enabling them to enhance the management of their inventory and operations.
Overall, the startup’s revenue has ballooned by 300% since September 2019, when it last raised money , he said. It also provides its customers with a social network for their employees to remain connected with one another and an AI assistant to apply for a leave or set up meetings with quick voice commands from their phones.
The SPAC parade continues in this shortened week with news that community social network Nextdoor will go public via a blank-check company. billion in a late 2019-era Series H worth $170 million, per PitchBook data. social networks (Facebook, Snap, Instagram). The unicorn will merge with Khosla Ventures Acquisition Co.
Founded in 2019, the company quickly gained the attention of top VCs, including Bee Partners, which led Rapid Robotics’ seed round and participated in each of the following rounds. EDT with networking. This TechCrunch Live event opens on July 6 at 11:30 a.m. PDT/2:30 p.m. The interview begins at 12 p.m. Register here for free.
Today social networks are more powerful than ever, and startups and corporations are innovating new commerce models that leverage the greater reach available to us. Image Credits: Kantar Global MONITOR 2019. Image Credits: Kantar Global MONITOR 2019. Predicting the next wave of Southeast Asia tech giants.
The dating and networking service Bumble has filed to go public. In 2019, Wolfe Herd took the helm of Badoo, renamed to Bumble Group, in a $3 billion deal with Blackstone, replacing Badoo founder and CEO Andrey Andreev following a harassment scandal at the firm. million in the first three quarters of 2019 to $108.3
He previously was co-founder and CEO at Distil Networks, a bot attack mitigation company acquired by Imperva. June 4, 2019 should have been one of the happiest days of my life. Rami Essaid is co-founder and CEO at Finmark , a technology company that provides financial planning and modeling software for startups. At 11:30 a.m.,
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.” Nvidia acquired DPU maker BlueField in 2019, while AMD snatched up Pensando late last year.
This two-day deep dive — dedicated to mobility tech, early-stage startups and the investors who fund them — is a prime networking opportunity you don’t want to miss. Our last in-person mobility event took place back in 2019, so networking face-to-face might feel exhilarating — or awkward.
An alternative payment network with connected wallets allowing a mobile money user to transact with a bank account would fix this problem, and that’s the premise of Ghana-based fintech Dash. Founder and CEO Prince Boakye Boampong started the company in 2019. Today, the unified payments app is announcing that it has raised $32.8
Microtraction does not specify the size of its fund, but what is more clear is that it has attracted a great deal of attention and has built a strong network in part because of who backs it. . 2019 saw the local VC firm invest in six companies. million in seed and $15 million Series A investment.
At the end of 2019, no one would have predicted what an unpredictable and difficult year it has been for both startups and VCs in the fundraising world. Founders and VCs alike have navigated the ups and downs of remote networking and fundraising interactions and will stick to what works and what doesn’t. More posts by this contributor.
The startup told TechCrunch that the new tranche concludes its Series B round, which it kickstarted in 2019 with a tranche of $12.7 In late 2019, it entered the e-commerce space with JioMart through a joint venture with sister subsidiary telecom giant Jio Platforms. Indian B2B e-commerce startup Udaan raises $280 million.
Lalamove will extend its network to cover more small Chinese cities after raising $515 million in Series E funding, the on-demand logistics company announced on its site. The company’s last funding announcement was in February 2019, when it hit unicorn status with a Series D of $300 million. All three are returning investors.
The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and other strategic partners. The Seoul-based startup announced today it has raised a $60 million Series B.
by 50% (renewables in Japan in 2019 accounted for 18.9% Octopus has also launched Electric Juice, an electric vehicle roaming network, and partnered with Tesla to launch Tesla Power. Japanese renewables lag the U.K. of electricity versus 37.9% in the U.K.), so the potential for growth is significant. In the U.K.,
In healthcare alone, 2020 saw 640 breaches , exposing 30 million personal records, a 25% increase over 2019 that equates to roughly two breaches per day, according to the U.S. They’re surrounded by networks, endpoint devices and human beings that serve as moats, defining the defensive security perimeters of every organization.
That includes Palo Alto Networks acquiring competitor TwistLock for $410 million in 2019. StackRox’s acquisition is part of some consolidation we have been seeing in the Kubernetes space in general and the security space more specifically. Another competitor, Aqua Security, which has raised $130 million, remains independent.
The new financing also comes two years after OPay announced two funding rounds in 2019 — $50 million in June and a $120 million Series B in November. By simply allowing unbanked and underbanked users in Nigeria to send and receive money and pay bills through a network of thousands of agents, OPay has grown at an exponential rate.
Indeed, many quickly took to social media to voice their support, broadcast their new diversity-focused networking groups and pledge to do better, particularly when it comes to finding and funding more Black founders and other underrepresented entrepreneurs. venture firms were women (up slightly from the 9.65% at the start of 2019).
Multi-asset social investment network and Robinhood competitor eToro has signed a definitive agreement to acquire Gatsby — a fintech startup which also aimed to go head to head against Robinhood — for $50 million in a cash and common stock deal. million at the end of 2019, 17.5 million at the end of 2020 and 26.9
in 2019 and quickly gained investments from some of the top fintech venture capital firms. EDT with networking. Stephany Kirkpatrick launched Orum.io Kirkpatrick’s company is reinventing how money is transferred between banks, making the transaction nearly instantaneous. This TechCrunch Live event opens on September 21 at 11:30 a.m.
The startup shifted its headquarters to Tokyo, Japan in 2019 to list on the Tokyo Stock Exchange, which requires its office be based in Japan. Most of the acquired companies’ founders have remained in their positions in AnyMind to support the continued growth, co-founder and CEO of AnyMind Kosuke Sogo told TechCrunch. ”
Chen joined Tonkean’s board of directors in 2019. The company raised its seed round in 2019, adding Foundation Capital GP Joanne Chen to its board of directors. Watch the show on YouTube or Facebook , or join TechCrunch’s event platform Hopin to ask the guests questions and network with other attendees. Use this form and apply.
It could be a contract classifier at a bank or a network anomaly detector at a telco and it helps companies take that next step after data labeling. The founders spent four years in the research phase before launching Snorkel in 2019. That’s where the Application Studio comes in. Today, the startup has 40 employees.
That work has accelerated since spring 2019 when Daimler took a majority stake in Torc Robotics, an autonomous trucking startup that had been working with Luminar the past two years. Daimler Trucks buys a majority stake in self-driving tech company Torc Robotics.
The company then raised a further $4 million in Series A funding in February 2019, led by Nedbank Capital and Paper Plane Ventures. Naspers Foundry, the lead investor in this Series B round, was launched by Naspers in 2019 as a 1.4 SunCulture wants to turn Africa into the world’s next bread basket, one solar water pump at a time.
Business cards feel almost as outdated as Victorian calling cards, but they are still a networking staple. While Blinq worked between iPhone users, it was only in late 2019 that most Androids could scan them natively, Webb adds. Melbourne-based Blinq wants to do away with them altogether. million USD) from Blackbird and Square Capital.
Early investors include the Baobab Network, an Africa-focused accelerator based in London, and Signal Hill, a Singapore-based fund manager that participated in its $5.5 Alerzo claims to have built up a network of up to 100,000 small businesses, 90% of which are women-led. FJ Labs and several family offices from the U.S.,
million Series A in 2019, its founders were in their early 20s and so passionate about their startup that they each dropped out of their respective schools to focus on growing the business. We built software to run our logistics and network of hundreds of warehouses,” Henry told TechCrunch. When Kleiner Perkins led Stord’s $12.4
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