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In just one day, BYD's valuation surpassed Ford, General Motors, and Volkswagen combined a first for the company, and a major boon for the Chinese automotive industry. Despite tariffs and trade war escalations, China's global slice of the EV pie is steadily growing. In 2023, China exported 1.7 In 2023, China exported 1.7
The blanket warning is for all industries to take notice. Indeed, it’s a juxtaposition of sorts to think the cybersecurity industry is vulnerable to cyberattack, but for many nation state groups, this is their first port of call. If addressing digital perimeter exposures is the foundation, zoning-in on problem areas is the framing.
Health and wellness apps startup Palta has raised $100 million in a Series B round led by Per Brilioth at VNV Global, with the participation of Target Global and other existing and new investors. Mobile and preventative health services are the future of the health industry,” said Per Brilioth, CEO of VNV Global. “As
Founded in 2014, Rohlik’s funding comes at an interesting and key moment in the online grocery business, in Europe and beyond. Even with some (very much not all) countries in Europe relaxing parts of their orders, grocery has remained a very-much used online category in markets where it is available.
As it turns out, the space travel industry, with its several dozen launches per year, is responsible for the same amount of carbon emissions as the global aviation industry. With the commercial space industry maturing at a rapid pace, we are seeing a steady increase in the number of rocket launches every year.
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. It also plans to expand its global presence in China, Taiwan, South Korea, Japan, and Europe. With close to $1.5
While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of autonomous vehicle software has raised some substantial funding to double down on what it sees as a more immediate opportunity: providing technology to industrial companies to build off-road applications.
His focus is early-stage technology investments, particularly in HR tech, robotics, and healthcare industries. However, data from 2022 is showing that these innovation hubs may have some serious competition as the investment landscape in Europe is starting to outstrip robotics’ biggest players. In 2022, nearly $8.5
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. Thus, they decided to create MAGIC. Image Credits: MAGIC Fund.
His startup, Terraform Industries , aims to operate at these ambitious scales. Terraform Industries has developed a system that captures carbon dioxide (CO 2 ) from the air and creates hydrogen from water, all using cheap solar power. to the global automotive industry,” the white paper says. Trillions of acres.
Ukraines minerals fuel industries and militaries Ukraines mineral resources are concentrated in two geologic provinces. Before Ukraines independence in 1991, both areas supplied the Soviet Union with materials for its industrialization and military. Its the largest source in Europe and the fifth largest globally.
Why brands looking (or struggling) to expand globally should on: Industry Insights and Innovation Be inspired by thought leaders and industry pioneers. Why brands looking (or struggling) to expand globally should on: Industry Insights and Innovation Be inspired by thought leaders and industry pioneers.
Packaging is a trillion-dollar-per-year industry that, by and large, has some sustainability challenges. The new funding will be used to recruit more primary packaging suppliers to Impacked’s marketplace across North America and Europe, and also enhance its existing sustainability scoring system. The company raised a $2.5
There’s an urgent need for a global air traffic management solution to enable safe and efficient drone and urban air mobility (UAM) operations, and Terra Drone aims to be the leading player building the digital infrastructure in the sky.” . 4 eVTOL trends moving the air taxi industry closer to takeoff. and Southeast Asia.
She pushed the position that Europe isn't late to the competition against China and the US. "The "Bringing AI to industry-specific applications and harnessing its power for productivity and for people, and this is where Europe can truly lead the race. . "Bringing billion) into its AI ecosystem.
It continues to be a very rough week for e-commerce companies in Europe. In the latest development, TechCrunch has learned and confirmed that Getir — the $12 billion quick commerce upstart that provides grocery essentials and sundries and promises delivery of them in minutes — is cutting 14% of its staff globally.
Munich-based AM Ventures just closed a $100 million fund focusing specifically on the early growth stages of industrial and commercial 3D printing applications. TechCrunch (TC): 3D printing seems a bit niche — why focus your entire venture fund on that industry? We come from engineering or from the industrial 3d printing domain.
Mastercard is phasing out the use of magnetic stripes on its credit and debit cards over the next decade, as the industry moves towards more secure or convenient alternatives like chips and contactless payments, the company has announced. Nowadays, 86 percent of in-person card transactions globally use EMV chips. Image: Mastercard.
“If you take a look at the European Union, even Germany itself, there’s a strong focus on the automotive industry. The space industry] is a huge opportunity at the same time to build up another economical pillar that can be extremely profitable,” he said. maybe two players or so within Europe, maybe another two within Asia.
The industrial biotech startup is working on bringing a novel protein to market — one it says will offer a nutritious, sustainable alternative to animal-derived proteins. Europe’s energy crisis bites. Russia being a major but unreliable supplier of gas to Europe.).
Its focus is on developing DAC kit that can be installed (retrofitted) inside working cooling towers in the industrial sector — thereby, its pitch runs, slashing the cost of drawing down carbon emissions. Or indeed the really tiny units you might find on a shopping center or office building.)
Over the next few weeks, the venture capital industry will compile and release data concerning its Q4 2020 performance, capping a year that saw the world of private capital freeze , thaw and burn. But we can get a peek at a critical part of the VC universe early, thanks to a preview of global fintech investment results from CB Insights.
Our goal is to be a global leader in providing AI voices that touches people’s hearts and emotions. The global text to speech (TTS) market is estimated at $3 billions, with the global voiceover market at around $10 billion, according to Lee. The Global TTS market is projected to increase $5.61 billion by 2028 from $1.94
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 In preparation for its next stage of growth, Bfree has secured the services of leading industry professionals, including CTO Konrad Pawlus, formerly of SALESmanago, and Yohan Theatre, who previously worked at investment management firm PIMCO.
Discovered more than a century ago in South Sudan, excelsa coffee is exciting cash-strapped locals and drawing interest from the international community amid a global coffee crisis caused mainly by climate change. It’s also working with communities to revive the coffee industry and scale up production. “Coffee needs peace.”
Laura González-Estéfani is the founder and CEO of TheVentureCity , an international, operator-led venture acceleration model designed to make the global entrepreneurial ecosystem more diverse, international and accessible to fair capital. Take Thiel, who has to date backed over 40 companies in Europe alone. Contributor. ambassadors.
Just over five months after raising a $9 million seed funding round , Latin American fintech Pomelo announced today that it is raising $35 million in Series A financing led by Tiger Global Management. Why global investors are flocking to back Latin American startups. In Argentina, it was granted a Mastercard and payments license.
Identity verification (IDV) provider Veriff , has raised a $100 million Series C round co-led by Tiger Global and Alkeon. John Curtius, partner at Tiger Global said: “A reliable IDV solution for today’s digital businesses and consumers has been exacerbated over the past two years as all operations moved online to conduct business.
is the latest startup to grab some venture capital dollars as the travel industry gets back on its feet amid the global pandemic. million to bring spontaneous travel back to a hard-hit industry and Wanderlog bag $1.5 million to bring spontaneous travel back to a hard-hit industry and Wanderlog bag $1.5 YouTravel.Me
Notably, the 38-year-old Silicon Valley-based venture firm is doubling down on global investing. fund at $650 million; its seventh early-stage European and Israeli fund also at $650 million and its sixth global growth stage fund at $1.75 Accel announced Tuesday the close of three new funds totaling $3.05
Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. Europe and the U.S. Allan sees subscriptions as the future of the EV industry, not just because it allows for a high chance of profitability, but also because it’s far more environmentally sustainable.
The most innovative firms in the industry expand this notion, solving pressing issues in new ways that build on or scale up existing techniques and technologies. And Gensler rolled out its Product Sustainability Standards, providing for many in the industry a clear way to measure the carbon impact of the interior products they select.
While it’s arguably a bad signal for American innovation, it also points to a globally growing remote crypto ecosystem and workforce in a post-COVID world. Europe (excluding the United Kingdom) maintained a consistent share of around 29% during the five years from 2017 to 2022. The number of blockchain developers in the U.S.
In fact, the global crisis resulted in its revenue dropping to $0, according to CEO and co-founder Ariel Cohen. No other company is able to provide a single, unified T&E [Travel & Expense] solution for enterprise companies on a global scale.”. The company has executed well and continues to do so, he said.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.
Ironhack , a company offering programming bootcamps across Europe and North and South America, has raised $20 million in its latest round of funding. Over the next five years, 13 million jobs will be added to the tech industry in the U.S., according to Ironhack co-founder Ariel Quiñones.
China’s Belt and Road initiative is a massive effort to spin up infrastructure projects across Asia, Europe, and Africa that, in total, roughly trace the old Silk Road. Byton once had its own global ambitions. The projects span dozens of countries and vary in size and scope.
The firm has an Amsterdam, Copenhagen and Tel Aviv presence, and now has a $160 million sack of funds to deploy across its focus areas: sustainability and technological innovation in the construction, real estate and manufacturing industries. It especially wants to reduce waste and CO2 emissions. ”
AIMMO announced today it has raised $12 million in a Series A round to advance its data labeling technology and spur global expansions. Among all the directions and industries, our focuses are [mainly] smart city and autonomous driving.” . The global data collection and labeling market size was valued at $1.6 Japan and Vietnam.
Mubadala Investment Company is leading the founding round with Abu Dhabi Growth Fund (ADG), Alpha Wave Global, Sequoia Capital and Tiger Global also participating. Originally from Turkey, Getir has quickly expanded its service across Europe and the U.S. It’s a capital-intensive industry.
Given the likely global recession, small businesses are reaching for new kinds of financing. Philipp Povel, co-founder and co-CEO of Mondu, said there is a “$200 billion opportunity just in Europe and the U.S., which is bigger than the global consumer BNPL market.”.
The round was led by Iconiq Growth, with participation from Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue. Previous backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners also followed on. The new round takes the total amount of financing Wolt has raised to $856 million.
billion valuation and a unicorn status — is DST Global. Notably, I’m told all existing investors followed on, including Wise’s Taavet Hinrikus, who is also on the Zego board, and Target Global, Balderton Capital and Latitude. Leading the London-based company’s C round — giving it a $1.1
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