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REEF Technology raises $700M from SoftBank and others to remake parking lots

TechCrunch

Even after the collapse of WeWork, the investors are doubling down on a similar business model as part of a syndicate investing $700 million into REEF Technology. Meanwhile, REEF Technology and Oaktree are collaborating on a $300 million real estate investment vehicle, the Neighborhood Property Group, as Bloomberg reported on Monday.

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2025 Middle East tech trends: How CIOs will drive innovation with AI

CIO

The Middle East is rapidly evolving into a global hub for technological innovation, with 2025 set to be a pivotal year in the regions digital landscape. Looking ahead to 2025, Lalchandani identifies several technological trends that will define the Middle Easts digital landscape.

Trends 155
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Backed by Epic Games, distributed computing startup Hadean nabs $30M to power the metaverse

TechCrunch

based distributed, spatial computing startup that’s setting out to build the infrastructure for the burgeoning metaverse, has closed a $30 million seres A round of funding from a high-profile cast of investors including Epic Games and Tencent. Hadean , a U.K.-based blockchain, and the metaverse.

Games 246
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Two European companies are mapping a future service for direct air capture to sequestration of CO2

TechCrunch

There is growing awareness of the need to build capacity to remove CO 2 from the atmosphere to achieve net zero by 2050. That will be the price range needed to build up the infrastructure and finance it.” ” A breakdown of the costs associated with different carbon capture technologies. Image Credit: Climeworks.

Company 265
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Making Remarkable Energy Grids a Reality

CIO

Energy Information Administration forecasts 47% higher global energy demand by 2050. [1] 2] But by 2050, as we collectively seek to meet net-zero targets, 90% of the world’s electricity is predicted to come from renewable sources. [3] The future is renewable Growth in energy demand is unlikely to change.

Energy 160
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Banyan wants to unlock financing for a (more) sustainable future

TechCrunch

When it comes to sustainable infrastructure development, technology is making terrific leaps and bounds. With its $25 million Series B funding — which takes its total funding to over $42 million — Banyan Infrastructure is seeking to align sustainable project finance with the technology it is meant to support and develop.

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ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

TechCrunch

Electrification technologies have yet to account for ways to propel aircraft or move massive seafaring vessels, and a consensus is emerging among technologists that hydrogen will be the best solution to ensure zero-emissions flight can become a reality. We are not building new technology in the hydrogen manufacturing space. .

.Net 195