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Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round

TechCrunch

Spatial Labs , a web3 infrastructure and hardware company, announced today the closing of a $10 million seed round led by Blockchain Capital with participation from Marcy Venture Partners, the firm co-founded by Jay-Z. Next year, he hopes to launch a personal fund to support people of color and will focus on tech and hardware innovation.

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Topi raises $45M to power hardware subscriptions for B2B merchants

TechCrunch

A new company is looking to do for B2B hardware sales what a growing number of companies have been doing in the consumer sphere, by making it easier for businesses to pay for equipment in instalments through rentals and subscriptions. Hardware-as-a-service. million in funding to do something similar for B2B transactions.

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Daily Crunch: Apple’s M1 chips have an ‘unpatchable’ hardware vulnerability, say MIT researchers

TechCrunch

Pacman on the attack : Carly writes that MIT researchers, while applying a “Pacman attack” test on Apple’s M1 chips, undiscovered a doozy in the way of an “unpatchable” hardware vulnerability that could allow attackers to break through its last line of security defenses. The TechCrunch Top 3. In its response, Apple didn’t seem too worried.

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Indian electronics and lifestyle brand Boat raises $100 million from Warburg Pincus

TechCrunch

Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story in the world’s second-largest internet market. There aren’t many hardware startups in India.

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Singapore-based retail analytics company Trax raises $640M Series E led by SoftBank Vision Fund 2 and BlackRock

TechCrunch

COVID-19 forced many retailers and brands to adopt new technologies. Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. Retail Watch currently focuses on center shelves, where packaged goods are usually stocked, but will expand into categories like fresh food and produce.

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Daily Crunch: World’s largest Black-led VC fund leads $4M seed round for Nigerian retail automation startup

TechCrunch

Enter Bumpa, a Nigerian retail automation platform that wants to do the heavy lifting for companies eyeing more digital operations. The buy now, pay later platform now has a new creator app for retailers and influencers to collaborate on features and shoppable video, Lauren writes. The TechCrunch Top 3.

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SnappRetail helps Pakistan’s kiryanas compete against supermarkets

TechCrunch

The number of global retailers, department stores and supermarkets operating in Pakistan is increasing, which spells convenience for consumers, but trouble for kiryanas, or small general stores. The team’s first startup was a retail recruitment consultancy called Resource Linked which helped 100,000 retailers hire employees.

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