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But the agriculture industry itself only accounts for a little over 3% of all plastics used globally. “Through global warming, we have less and less arable land to make crops on. This past winter, leaders from around the world gathered in South Korea to produce the first legally binding global treaty on plastics pollution.
The heated race to develop and deploy new large language models and AI products has seen innovation surgeand revenue soarat companies supporting AI infrastructure. And in October, the company opened its first global quantum data center outside the U.S., in Ehningen, Germany.
Contextual AI lets organizations put a companys proprietary intelligence into a secure data store, then lets them build AI apps that can call on that data. In June 2024, the company transformed its existing enterprise AI assistant and search engine into a platform called Work AI platform. billion valuation.
The businesses in Fast Company s Most Innovative Companies in AR/VR reflect that trend. In January 2024, the company debuted its Xreal Air 2 Ultra line of AR glasses, equipped with the cameras and processing power necessary to provide spatial computing experiences comparable to professional devices from Apple and Meta, all for $699.
Today we behold another unicorn: African payments company Flutterwave announced that it has closed $170 million, valuing the company over $1 billion. hedge fund and investment firm Tiger Global led the Series C round. African fintech firm Flutterwave raises $35M, partners with Worldpay.
In an increasingly post-literate world , companies continue to turn to video to communicate with key stakeholders, and two of this years business services honorees help enterprises produce streamable content more efficiently. SimpleClosure, which has raised $5.5
In the midst of an artificial intelligence boom thats reshaping almost every facet of the business world, companies are competing in an arms race to build the best and brightest models and fully embrace the nascent technology, whether thats as a product or service for customers or as an integralcomponent of their organizations processes.
As production begins on the fourth edition of the Global NGO Technology Report , Nonprofit Tech for Good is thrilled to announce that a new sponsor has been secured. Even better news is that Funraise will also sponsor the third edition of the Global Trends in Giving Report.
If a job is about more than the title or even the paybut also a chance to find a deeper meaning and sense of purposethe honorees in the inaugural class of most innovative companies in economic development are chasing a similar ideal, just on a larger scale. The initiative will also benefit local industry by slashing energy costs.
Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. Union54 founders launched the company last year when they went through painstaking processes to issue debit cards for their previous startup and challenger bank, Zazu.
According to the Global Trends in Giving report , 33% of nonprofit supporters in the United States and Canada say email is the communication tool that inspires them most to give. For instance, if youre raising money to provide resources to schools worldwide, tell your donors what schools and communities their donations will support.
The company made the announcement in a press release today, in which it confirmed that it had filed its Form F-1 registration statement with the U.S. eToro Group Ltd is the name of the company that operates the eToro trading platform. eToro shares will trade on the Nasdaq Global Select Market. What is eToro Group Ltd?
Mono , an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. Nigeria’s Mono raises millions to power the internet economy in Africa. More than half of the population is either unbanked or underbanked.
Socure , a company that uses AI and machine learning to verify identities, announced today that it raised $450 million in funding for its Series E round led by Accel and T. The round brings the company’s valuation to $4.5 billion this March when it raised $100 million for its Series D. Rowe Price. . billion, up from $1.3
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. Some of these companies include Retool , Novo , Payfazz , and Mono. The interesting bit?
NetHope announced the launch of the Partner Collective for the Global Humanitarian Information Sharing and Analysis Center (Global Humanitarian ISAC) during its recent 2024 NetHope Global Summit. million commitment over five years to support the Global Humanitarian ISAC. NetHope and Okta announced a $2.5
African startups raised between $4 billion to $5 billion in 2021, according to various reports. However, for all their effort and importance to the tech ecosystem, raising significant venture capital seemed elusive to startups in Africa’s digital media landscape that rely on grants and personal funding to scale.
His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. Recently, Norebase began offering African companies the option to incorporate in the U.S.
Second, the popularity of social networking is steady and continues to spread globally, but messaging apps such as WhatsApp, LINE, and Snapchat are emerging as powerful digital communities. of all revenue raised in 2016. Source: Dunham+Company. Source: 2017 Global NGO Online Technology Report. In 2015, that jumped to 20%.
The Fast Company Impact Council is a private membership community of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. As a result, many companies, including startups, are finding flexible ways to match funds, allowing people to donate in flexible ways that ignite them and their passion.
The company designs and manufactures so-called hardware wallets to secure crypto assets. In 2021, the companyraised €356 million ($385 million at today’s exchange rate). And the company is adding another €100 million ($108 million) in new funding. Once again, the company has managed to line up a long list of investors.
Raised by predominantly by Gen Xers who were pummeled by the Great Recession, early research about those belonging to Gen Z indicates that they are cautious about spending money, are bargain shoppers, and more likely to save than to spend. billion individuals globally by 2020. Global Web Index ]. MediaKix ]. MediaKix ].
Global financial transactions are facilitated mainly by payment processors such as Visa or Mastercard. Today, the unified payments app is announcing that it has raised $32.8 Founder and CEO Prince Boakye Boampong started the company in 2019. Africa has it different. It’s not a predominantly card continent. The Dash team.
Global investors are running from Chinese tech stocks in the wake of the government’s crackdown on Ant Group and Alibaba, two high-flying businesses founded by Ma Yun (Jack Ma) that were once hailed as paragons of China’s new tech elite. The company is down another half point today. drop today.
In fact, the global crisis resulted in its revenue dropping to $0, according to CEO and co-founder Ariel Cohen. In March 2020, the company made headlines for laying off nearly 300 employees in the face of a slowdown in business related to the pandemic. “We With the latest round, the company has raised a total of $1.3
But most of these companies and developers find it difficult to access real-time banking data. Since 2019, Plaid-esque companies, but with different twists to their offerings, have emerged to solve these issues. In total, Okra has raised $4.5 Fara Ashiru Jituboh and David Peterside founded the company in June 2019.
Sony is raising the retail price of its PlayStation 5 console in several regions. The company announced the move earlier today, citing a difficult global economic environment and soaring inflation. While the tech giant is increasing PlayStation 5 prices across Europe, Africa, the Middle East, Latin America, and even North.
Now a startup that is building voice skins for different companies to use across their services, and for third parties to create and apply as well, is raising some funding to fuel its growth. Our goal is to be a global leader in providing AI voices that touches people’s hearts and emotions. billion by 2028 from $1.94
It is one of the few companies that builds proprietary solutions for these financial institutions and their banking and payments services. Today, the company is announcing that it has closed $10 million in Series A investment. The company based in Lagos, Nigeria, was founded by Emeka Emetarom , Obi Emetarom and Wale Onawunmi in 2008.
Payments company Checkout.com isn’t just a unicorn — it has closed a $1 billion Series D funding round. Following today’s round, the company is now valued at $40 billion. With its Series C round , the companyraised $450 million at a $15 billion valuation — it represents a 167% valuation jump in 12 months, which is not too bad.
Shuttlers , a “tech-enabled scheduled bus sharing” company, is itching to change that. After years of bootstrapping, the company has raised $1.6 Via its ridesharing platform, Shuttlers provides companies with better mobility options for their employees. . Despite raising just ? Image Credits: Shuttlers.
One year after raising $16 million , construction technology company Buildots is back to claim another $30 million, this time in Series B funding. This gives the company $46 million in total funding, Roy Danon, co-founder and CEO of Buildots, told TechCrunch. We are also sitting on piles of data from construction sites.
Worth around a fifth of all venture dollars invested last year, fintech startups raised nearly unfathomable sums of capital but with good reason. Let’s talk about the fintech market from a global perspective and a U.S.-focused The global perspective. Nor that as the boom faded, fintech did as well. focused viewpoint.
Clear Street , which says it is building “modern infrastructure” for capital markets, has raised $270 million in the second tranche of a Series B funding round at a $2 billion valuation. New York-based Clear Street raised the first tranche of the round in May of 2022 at a $1.7 billion valuation. billion valuation.
They are the backbone of most economies: Globally, SMEs represent about 90% of existing businesses and create more than 50% of employment. Today, the company is announcing $83 million in Series C funding to scale offline and online offerings and expand to new markets. Yoco has raised a total of $107 million. Image Credits: Yoco.
SeamlessHR , a Nigeria-based company that wants to help African businesses “leverage the continent’s greatest asset: abundant human capital” with its cloud-based human resources (HR) and payroll software, has raised $10 million in Series A funding for its next phase of growth and regional expansion. billion in 2026 from $14.2
The New York-based companyraised a $20 million Series A in a round of funding led by Sonoma Brands and including Global Founders Capital, Monogram Capital, Lakehouse Ventures and Brand Foundry. Many companies use technology to remove the human element, but we use it to elevate it.”.
however, in the coming coming weeks the company will roll out the tools to all 501(c)(3) nonprofit organizations. Community Fundraisers appear on all participating creators’ videos at the same time and reflect the collective amount of money raised together. Download the 2018 Global NGO Technology Report! Campaign Matching.
Today, the company, which is building an “all-in-one expense management platform” for global startups, is announcing that it has raised a $57 million Series B at a $500 million valuation. This June, the startup emerged from stealth with $31 million in equity and $100 million in debt financing. .
Today, the seven-year-old company is announcing a $50 million Series C round to scale its efforts in the East African nation and other neighbouring countries. This funding comes after the company’s $30 million Series B round — $23.75 Per Crunchbase , Twiga has raised over $100 million in both debt and equity financing rounds.
The company is announcing a $10.5 In total, Alerzo has raised more than $20 million since its launch. The company also said it closed a $2.5 “Growing up in Ibadan, I watched my mother operate two informal retail stores to raise my three siblings and me. million Series A round led by New York-based Nosara Capital.
Micromobility startup Voi has raised $45 million, funds it says will be used to research and develop technology that will improve safety, keep users from riding on sidewalks and ensure scooters are properly parked. The round was led by The Raine Group and existing investors like VNV Global participated alongside new investors.
Superscript , an insurance broker and tech platform targeting SMEs and “high-growth” tech firms, has raised £45 million ($54 million) in a Series B round of funding. Germany’s Wefox last year raised $400 million at $4.5 ” The company had previously raised around $24.4 The underwriting factor.
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