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NATO funds project to reroute internet via satellites if undersea cables are cut

TechSpot

Increasing geopolitical tensions have raised concerns that countries such as Russia, China, and North Korea could target subsea cables during a military crisis. Such a thing is not unprecedented; Yemeni Houthi rebels were suspected of damaging underwater Red Sea cables responsible for 17% of global internet traffic in February.

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Zambian card issuing startup Union54 raises $12M led by Tiger Global

TechCrunch

Zambian card issuing fintech Union54 has raised $12 million in a seed extension round led by Tiger Global. The most popular card schemes globally are Union Pay, Visa, and Mastercard. Tiger Global leads $3M round in Zambia’s Union54 for its card-issuing API.

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European startups elude global VC funding slowdown in Q1 2022

TechCrunch

VC funding into Europe (including the U.K.) In other words, the region escaped the global quarter-on-quarter slowdown in startup investment. But Europe isn’t the only place where VC funding didn’t decline. It is also worth noting that Europe accounts for a much larger portion of global funding than Africa.

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Freelancing is the new normal: oDesk and the future of the workforce marketplace

The Next Web

For us, the opportunity is not about taking market share from other players, it’s really about expanding the awareness of online work and hiring these virtual global teams as an alternative to traditional way of recruiting or building a company,” he said. The competition was intended for software developers from Russia and Ukraine.

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Tiger Global is raising a new $3.75 billion venture fund, one year after closing its last

TechCrunch

According to a recent letter sent to its investors, Tiger Global Management , the New York-based investing powerhouse, is raising a new $3.75 million venture fund called Tiger Private Investment Partners XIV that it expects to close in March. New Enterprise Associates closed its newest fund with $3.6 billion last year.

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Nord Security, the startup behind NordVPN, raises its first-ever funding, $100M at a $1.6B valuation

TechCrunch

VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations like people wanting to access content otherwise blocked in their regions — driving an estimated 30% of all internet consumers globally to use a VPN at some point this year.

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Daily Crunch: With EU ban pending, Google Play says ‘do svidaniya’ to Russia Today, Sputnik apps

TechCrunch

We’ve got acquisitions, funding rounds, the end of products, and more. The push to fund Ukraine’s war-torn nation-state with crypto is turning out to be An Actual Thing. Scooting along: Accel has put together a new fund to invest in India. Before we get into the day’s funding round revue, two more short notes. The answer?

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