UK-based CloudMargin raises $15 million in series B capital round

UK-based CloudMargin raises $15 million in series B capital round

Published: 14 hours agoAuthor: Pankaj Singh

CloudMargin Limited, a developer of an easy-to-use collateral management platform for major firms, has reportedly raised USD 15 million in series B capital round led by Deutsche Börse. The funding round also marked the presence of Tier-1 global ....

Fintech firm TrueLayer raises $25 million in Series C financing round

Fintech firm TrueLayer raises $25 million in Series C financing round

Date: 2020-09-23Author: Saipriya Iyer

TrueLayer, a UK-based financial API provider, has recently raised a Series C financing round worth $25 million. The latest investment will take the total funding amount secured by the company to $72 million. Headquartered in London, United Kingdom....

Facebook claims its EU operations to be at risk due to inquest

Facebook claims its EU operations to be at risk due to inquest

Date: 2020-09-22Author: Pankaj Singh

Facebook voiced to Ireland’s High Court that it is not sure how it could operate its services in the European Union if the supervisors restrict its data transfer mechanism. The EU regulator of Facebook, the Irish Data Protection Commission had ....

CoinEx to list OneSwap’s ONES token worldwide and launch ITO event

CoinEx to list OneSwap’s ONES token worldwide and launch ITO event

Date: 2020-09-21Author: Saipriya Iyer

CoinEx, a leading cryptocurrency exchange service company, has reportedly announced that it would be listing the OneSwap ONES token, the first company to do so. The enterprise also unveiled the ITO (Initial Trade Offering) event subsequently. OneS....

The Chainsmokers closes Mantis with $35M in capital commitments

The Chainsmokers closes Mantis with $35M in capital commitments

Date: 2020-09-18Author: Saipriya Iyer

The Chainsmokers, an American electronic DJ & production duo consisting of Drew Taggart and Alex Pall, has reportedly closed Mantis, a debut venture fund, with $35 million. The production duo has a few major-league believers such as Ron Conway....

GM explores options to develop flying cars & enter related markets

GM explores options to develop flying cars & enter related markets

Date: 2020-09-17Author: Saipriya Iyer

General Motors, an American vehicle manufacturer, is reportedly exploring options to enter the aerial taxi market via the development of ‘flying cars’. This is a part of the automaker’s strategy to drive business growth in the relat....

YouTube announces initial launch of YouTube Shorts in India

YouTube announces initial launch of YouTube Shorts in India

Date: 2020-09-16Author: Saipriya Iyer

YouTube, a video-sharing company, has recently announced the launch of YouTube Shorts, a short-form video experience service. The new feature will initially be launched in India in the next few days, with an aim to considerably expand access and i....

General Motors Announces Partnership with Nikola - Gets 11% Stakes

General Motors Announces Partnership with Nikola - Gets 11% Stakes

Date: 2020-09-15Author: Pankaj Singh

General Motors and Nikola announced their partnership through which the former took a $2 billion stake in the electric truck startup. General Motors will support Nikola to produce its wild fuel cell pickup truck by 2022 end. According to the reports,....

Reliance Industries raises $30Bn via stock sales to aid expansion plan

Reliance Industries raises $30Bn via stock sales to aid expansion plan

Date: 2020-09-14Author: Saipriya Iyer

Reliance Industries Limited (RIL), a multinational conglomerate, has reportedly raised above $30 billion (?2.2 lakh crore) via stock sales. Reports suggest that the company is expected to go on a shopping spree as several businesses are extremely ....

KKR in Talks to Invest $1 Billion in the Reliance Retail Venture

KKR in Talks to Invest $1 Billion in the Reliance Retail Venture

Date: 2020-09-11Author: Pankaj Singh

KKR & Co., an American investment company is in advance talks to invest around $1 billion in the Reliance Retail business. This deal would mark as another US investment in the enterprise after Silver Lake’s deal. According to the reports....

Apple’s Special Event, ‘Time Flies’ to be Conducted on September 15

Apple’s Special Event, ‘Time Flies’ to be Conducted on September 15

Date: 2020-09-10Author: Pankaj Singh

Apple Inc announced that it has scheduled a special event called ‘Time Flies’ on 15th September. Investors are fans are expecting an addition in the company’s core product portfolio. The company usually launches its important produc....

Aetina rolls out new AN810-XNX edge AI computer leveraging capability

Aetina rolls out new AN810-XNX edge AI computer leveraging capability

Date: 2020-09-09Author: Pankaj Singh

Edge AI computing solutions provider, Aetina Corporation, has reportedly launched new NVIDIA Jetson Xavier NX computer leveraging capabilities called AN810-XNX edge AI. This edge AI computer offers several I/O slot alternatives developed on the basis....

AB Science to Present Phase 2B/3 AB07002 Study Results in PPMS & nSPMS

AB Science to Present Phase 2B/3 AB07002 Study Results in PPMS & nSPMS

Date: 2020-09-08Author: Saipriya Iyer

AB Science SA, a France-based pharmaceutical company, announced that conceptual reporting results from its Phase 2B/3 AB07002 study in primary progressive multiple sclerosis (PPMS) and non-active secondary progressive multiple sclerosis (nSPMS) has b....

MediaWorks inks deal to sell free-to-air TV business to Discovery

MediaWorks inks deal to sell free-to-air TV business to Discovery

Date: 2020-09-07Author: Saipriya Iyer

Broadcaster MediaWorks, a television, radio, & interactive media company, and Discovery Inc, a media giant, have reportedly reached a binding agreement. The agreement is related to the sale of the free-to-air TV business of MediaWorks to Discover....

Verizon and Amazon likely to invest more than $4B in Vodafone Idea

Verizon and Amazon likely to invest more than $4B in Vodafone Idea

Date: 2020-09-04Author: Pankaj Singh

American wireless carrier, Verizon Communications, and Amazon.com are reportedly expected to make an investment of over $4 billion for a stake in the Indian telecom firm, Vodafone Idea Limited. The announcement has led to a 10 per cent surge in the s....

Dunzo to raise $28M funds from Lightstone, Google & other 5 investors

Dunzo to raise $28M funds from Lightstone, Google & other 5 investors

Date: 2020-09-03Author: Saipriya Iyer

Dunzo, an Indian delivery service provider, is reportedly planning to raise nearly $28 million, as a part of its Series E funding round. As per reliable sources, the recent fundraising event was led by investors namely Lightstone Fund S.A and Goog....

Reliance Retail enters $3.38Bn deal to acquire Future Group’s stores

Reliance Retail enters $3.38Bn deal to acquire Future Group’s stores

Date: 2020-09-02Author: Saipriya Iyer

Reliance Retail Ventures, a subsidiary of Reliance Industries, has reportedly announced the acquisition of above 1,700 stores owned and operated by a retail company, Future Group. The ?247.13 billion ($3.38 billion) takeover deal also inclu....

Neuralink tests next-generation chip via implantation in pig brain

Neuralink tests next-generation chip via implantation in pig brain

Date: 2020-08-31Author: Saipriya Iyer

Neuralink, a neurotechnology company, has reportedly announced a mission to develop the next-gen brain implants that connect machines to the human brain. The latest computer chip developed by the neurotechnology company has been demonstrated in a pig....

Byju’s raises $122 million from Russian billionaire’s DST Global

Byju’s raises $122 million from Russian billionaire’s DST Global

Date: 2020-08-28Author: Pankaj Singh

The global C0VID-19 pandemic has brought about a considerable increase in the demand for educational technology, leading to companies such as Byju’s, Class Plus, Toppr, Vedantu, and Unacademy effortlessly gaining users and raising funds. To tha....

Luminar is Going Public Through a ‘Reverse Merger’ with SPAC

Luminar is Going Public Through a ‘Reverse Merger’ with SPAC

Date: 2020-08-27Author: Pankaj Singh

Luminar, a manufacturer of LIDAR sensors and other parts necessary for autonomous driving technology, is the most recent transportation firm to go public through a ‘reverse merger’ with a special purpose acquisition company (SPAC). The....

SSI & FRB Team Up for a New Venture, Hemp Science Center of Excellence

SSI & FRB Team Up for a New Venture, Hemp Science Center of Excellence

Date: 2020-08-26Author: Pankaj Singh

Shimadzu Scientific Instruments (SSI), a Japanese measuring instruments and medical equipment manufacturing company, and Front Range Biosciences (FRB), a biotechnology company, announced their partnership to form a new venture, Hemp Science Center of....