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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.
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.
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 globalfunding than Africa.
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.
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.
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.
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?
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others.
American University in Bulgaria created a fund to support students affected by the conflict between Russia and Ukraine. CARE ‘s Ukraine Crisis Fund is raising funds to help the millions put at risk because of the conflict. Global Impact. American University in Bulgaria. International Medical Corps.
While the announcement follows India’s decision to ban Sea’s popular title “Free Fire” in the country last month, TechCrunch reports that the company is insisting the reason is “global market uncertainties.” There’s still money flowing, and funds that raised huge capital pools still have to allocate it, slowdown or not. Big Tech Inc.
Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have stayed in the country amid the sustained, persistent and increasingly ugly onslaught from Russia. and Catherine T. MacArthur Foundation.
Xreal announced in January 2024 it had raised an additional $60 million in funding for further development of its AR glasses. Varjo and partner Dogfight Boss also announced in August that their headset-based F-16 simulator had been deployed to help Ukraine train fighter pilots in its war with Russia. million global views.
The Singapore-based company announced today that it has raised $640 million in Series E funding to expand its products, which combine computer vision and cloud-based software to help brick-and-mortar stores manage their inventory, merchandising and operations. Other participants included new investors OMERS and Sony Innovation Fund by IGV.
We’ve seen widespread losses in global equity markets this year. After a decade-long bull run, many venture capital funds have found themselves holding overvalued shares of companies whose IPO prospects have been either eliminated or significantly delayed. With respect to the U.S.
Tech crackdown on Russia continues : The technology world is tightening the screws on Russia in the wake of the country’s invasion of Ukraine. Russia blocked Facebook. The corporate venture world is not the only place where we’re seeing more funds pop up. The TechCrunch Top 3. In response? Startups and VC.
As a capacity-building organization for the global nonprofit and social benefit sector, we at TechSoup are very conscious of the need to understand and work within different cultural contexts for philanthropy. The legacy of this situation "poisoned the whole notion of volunteering in Russia for many years.".
A global phishing campaign has been targeting organizations associated with the distribution of COVID-19 vaccines since September 2020, IBM security researchers say. Advanced insight into the purchase and movement of a vaccine that can impact life and the global economy is likely a high-value and high-priority nation-state target.”.
The Ukraine-based startup will now enter new markets and strengthen its positions in Poland, Russia, Spain and Latin America. billion English language learners globally and the number of children among them reached 500 million in 2020. There are approximately 1.5
is the latest startup to grab some venture capital dollars as the travel industry gets back on its feet amid the global pandemic. It was starting to branch out to international sales in 2020 when the global pandemic hit. The new funding will be deployed into marketing in the U.S., YouTravel.Me As a result, YouTravel.Me
Warren’s seed funding also included participation from Lemonade Stand and angel investors like former Nokia vice president Paul Melin and Marek Kiisa, co-founder of funds Superangel and NordicNinja. “Whereas global providers give a personal touch maybe only to a few big clients in the enterprise sectors.”
Cocos Technologies, a China-based game engine provider that has been around since 2010, just announced it has picked up $50 million in a Series B funding round in a bid to work on development and move beyond games. and Russia. ” Cocos says its engine has served 1.4 million developers across 203 countries and regions worldwide.
While others pursue their selfish interests with reckless behavior, the UK and its allies are getting on with the hard work of finding a vaccine and protecting global health.”. “It is completely unacceptable that the Russian Intelligence Services are targeting those working to combat the coronavirus pandemic,” reads Raab’s statement.
Five had raised around $78 million in funding, and according to PitchBook data was last valued at $216 million in its last round, a $41 million investment in March 2020 that coincided with the company’s B2B pivot. From what we understand, if required due to sanctions, Bosch would put funds into a holding account if needed.
But projects get abandoned and picked up by others who plant backdoors or malware, or, as seen recently since Russia’s invasion of Ukraine, a rise in “protestware,” in which open source software developers alter their code to wipe the contents of Russian computers in protest of the Kremlin’s incursion.
Ransomware attacks hit the headlines weekly, and ransomware funds more ransomware so it’s a difficult problem to solve. Microsoft software has been at the core of devastating attacks that made global headlines, like the Russia-linked SolarWinds hack and the Hafnium hacks on Microsoft Exchange Server.
With plans to raise a $25 million fund and more than $15 million already invested, PsyMed Ventures focuses on early-stage startups developing psychedelic therapeutics. Intel has joined other Big Tech companies, like Apple, AMD, Adobe and General Electric, in suspending business operations in Russia. Big Tech Inc.
Russia is invading Ukraine as we write, and global markets are in freefall. On the other hand, it goes without saying that some deep tech projects will lower global – and therefore European – dependence on oil, gas and other similar fuels. Writing about Europe is hard today. Europe’s economic future, in other words.
More than $15 million has been donated so far More than $15 million in cryptocurrency has been donated to Ukrainian groups since Russia attacked the country on February 24th, according to research firm Elliptic. Nine people have to sign off on the funds being dispersed; NEAR’s Polosukhin is one of the signers.
This is the latest in a series of strategic partnerships between Glance and global players in the mobile ecosystem. Some of these markets include the USA, Brazil, Mexico and Russia. ” Reliance Retail backs Dunzo in $240 million funding. “Jio’s investment into Glance brings a deep synergy of vision and philosophy.
A freshly funded player is PixCap , which is entering the fray with a no-code, web-based 3D design tool. million from a seed funding round. France and Russia. It plans to spend the proceeds from its new round on global expansion, hiring for its engineering and marketing teams, product development and community building.
On February 24, Russia launched an invasion of neighboring Ukraine after months of a military build-up on its borders. These companies have raised funding from some of the world’s biggest VCs and one question will be how and if those relationships will be impacted with the latest developments.
Emmy Gengler is the CEO of Softjourn , a global technology services provider with offices in California, Ukraine and Poland. As members of the global tech community, we are uniquely positioned to help at this critical juncture. Emmy Gengler. Contributor. Share on Twitter. Prior to the war, Ukraine was home to a $6.8
Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures and several other angel investors, bringing the total capital raised by the Lagos-based startup to $2.5
Notably, both are based in Colombia but provide services across the Latin America region (and in the case of Ding, globally ). Note: Prosus’s CEO confirmed in March that it is keeping for now its domestic operations going there, which are formed of Avito and PayU in Russia.). The company quotes figures from the U.S.
Mythic , an AI chip startup that last November reportedly ran out of capital, rose from the ashes today with an unexpected injection of fresh funds. But funding is drying up. According to The Register, global VC equity for semiconductor startups in 2022 declined 46% to $7.8 billion.
That collective shift was also pushed along by a second trend, which was a tightening in the global economy, which has compelled consumers to consider spending less on some discretionary items. “We see ourselves as simplifying access to a part of your budget,” Cassau told TechCrunch in an interview.
Heartex, a startup that bills itself as an “open source” platform for data labeling, today announced that it landed $25 million in a Series A funding round led by Redpoint Ventures. “Regarding the team and their locations, we’re a very international team with no current members based in Russia.”
The global economy is taking hits from many sides at once. Russia is busy digging into a quagmire in Ukraine, disrupting the energy market while supply chains creak and jam — not to mention the catastrophic loss of life. Let’s talk about it. Risk tolerance.
Cybersecurity and Infrastructure Security Agency (CISA) released a notice after Russia invaded Ukraine warning about the potential for state-sponsored cyber attacks: “Every organization — large and small — must be prepared to respond to disruptive cyber activity,” it advised. Photo: Rosley Majid / EyeEm /Getty Images. Staying up to date.
Just look at the discussions on SWIFT and cutting off Russia, and how slow that has been moving.” “We’ve seen the power of its platform first-hand, and we are excited to partner with Charles and the existing shareholders to take ClearBank global.”. “Europe and and the U.S.
Soffio said Portabl chose Harlem Capital to lead the round after a call he’ll never forget: Yenkalov, a Ukrainian citizen, was trapped in the country as the war with Russia broke out in the middle of a fundraising call with the firm. It’s a VC firm, and their mission is to make great investments,” Soffio said.
2021 was a record year for venture capital fundraising, and fintechs were the largest recipients of funding worldwide, with about 21% of all venture dollars last year going into fintech startups. billion in seed through late-stage venture funding. So, if you want to have it hit your inbox directly starting then, sign up here.
The company is one of the largest VC-backed startups in Southeast Asia, having raised over $60 million in funding. This is the third part of a four-part series that will provide insight into starting, building, and funding a company across Asia. See part one here and part two here. Don’t let the idea of relocating employees scare you.
Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce , affecting at least 1,200 people. There’s a map for that. Additional figures provided to TechCrunch from Data.ai Snap Map businesses. Other cutbacks.
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