Cloud API technologies are gaining traction

Investment in cloud API technologies: Kong and its expansion plans San Francisco-based startup Kong has raised US$175 million in funding. The funds were raised in a Series E funding round. The investors were interested in cloud-based API technologies based on artificial intelligence. Kong is one of the leaders in the cloud API space. The Series…

Businesses in Germany will receive government investment

The government investments for businesses in Germany In recent years, Europe has experienced economic difficulties that have affected all market participants. In Germany, business investment has declined, particularly in the technology sector. The government has set aside €12 billion to support start-ups. As part of the initiative, representatives of the authorities, businesses, and KfW Bank…

Magnetar’s new venture fund focuses on the generative AI sector

Magnetar closes venture fund for AI start-ups Magnetar has announced the closing of a US$235 million venture fund. The firm focused on supporting start-ups working in the generative AI space. Investors in the fund included PEAK6 Strategic Capital and Apex Fintech Solutions. Artificial intelligence is booming. It is attracting the attention of investors who are…

Japan’s SoftBank announces acquisition of UK’s Graphcore

AI chipmaker Graphcore to become part of SoftBank structure Japanese investment holding company SoftBank has announced the acquisition of Graphcore. Graphcore is a leading chip manufacturer in the UK. Its activities focus on chips for training artificial intelligence models. The deal is worth around US$600 million. SoftBank's acquisition of Graphcore is not its first attempt…

Traditional investors are taking an active interest in bitcoin ETF

How bitcoin ETF benefit from hedge fund activity Digital assets are becoming increasingly popular with traditional investors. Hedge funds, once sceptical about cryptocurrencies, are now actively investing in bitcoin ETFs. According to recent data, more than 50% of hedge funds in the US invest in bitcoin ETFs, diversifying their portfolios. Analysts say such trends indicate…

Korean chaebol SK Group to invest in SK Hynix subsidiary

SK Group to invest USD 75bn by 2028 Korean giant SK Group has announced an investment of USD 75 billion. The funds will increase chip production and flow to SK Hynix in instalments until 2028. Chaebol's semiconductor business operates through a subsidiary of SK Hynix. According to official information, about 80% of the said amount…

Venture capitalists assess the prospects of European technology startups

Venture capitalists interested in European projects After two years of stagnation, venture capitalists are returning to the European market. Global and regional problems have cooled investors' interest in local startups. However, analysts have noted increased activity in the sector since the beginning of the year. This is particularly noticeable in financing startups in the early…

Cloud infrastructure in Singapore receives funding from Amazon

Improved cloud infrastructure in Singapore will boost AWS services Amazon's cloud infrastructure in Singapore will get an upgrade thanks to a significant investment. The company's AWS division will invest around US$8.9 billion to expand its services in the country. The funding will be made available in instalments over four years. Amazon's interest in the region…

German startup Sunfire has raised €500 million in investment

Sunfire plans to expand the production of green hydrogen German startup Sunfire has secured €500 million in funding. New investors in the startup include LGT Private Banking, Carbon Equity and GIC. Existing partners, including Lightrock, Amazon Climate Pledge Fund and Blue Earth Capital, participated in the round. In addition to the abovementioned amount, Sunfire received…

Korean company Simple Planet raises KRW 8 billion in funding

Simple Planet raises KRW 8 billion investment to develop technology Korean company Simple Planet has raised KRW 8 billion in a round of funding. Investors included local funds and venture capital firms such as POSCO Technology, Hyundai Technology Investment, Easy Holdings and others. The company has received 10 billion won in investment since its launch.…

10.06.20240Comments

ByPress secretary

Cookie	Duration	Description
cookielawinfo-checkbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.