U.S. startup Loft Orbital has held another round of funding

Loft Orbital received money for business development Space startup Loft Orbital held a funding round that raised a total of $140 million. The main investor was BlackRock Corporation. Foundation Capital, Ubiquity VC, CEAS Investments, and others took part in the round. Loft originally got $130 million, and the startup also got another $10 million in…

How the Armenian application PicsArt became popular around the world

PicsArt service reached a value of $1.5 billion The image-editing app PicsArt was created by Hovhannes Avoyan as an assistant for his daughter, who loved to draw. The startup is now valued at $1.5 billion and is one of the most popular in the world. Hovhaness Avoyan made his fortune in organizing and further selling…

LG Electronics Corporation to acquire Israeli startup Cybellum

LG Electronics plans to engage in developments in the field of automotive cybersecurity Korean corporation LG Electronics plans to buy Cybellum, an automotive cybersecurity startup from Israel. The amount of the deal will be approximately $240 million. According to official information, the deal will be carried out in several stages. First, LG will buy a…

Polly Polymer raised $15.5 million

Polly Polymer opens a "dark factory" Chinese company Polly Polymer made a round of financing, as a result of which it raised $15.5 million. The main investor was Vitalbridge. The startup is engaged in the development of 3D-printing technology using the SLA method. Polly Polymer plans to use the funds to put into operation the…

Fintech startup Railsbank gets funds to develop credit card service

Railsbank raises $70 million to improve its API The proliferation of the online approach for money transactions is making the financial technology segment more and more in demand. New startups emerge almost every day, and the competition is getting tougher. A huge number of banks, companies and retailers are switching to using special services for…

Chinese startup DeepRoute.ai received $300 million to develop autonomous transportation

Developments by the startup DeepRoute.ai are of interest to Alibaba Chinese Internet giant Alibaba is interested in local startup DeepRoute.ai, which produces autonomous vehicles. Jack Ma's corporation has invested a large sum in the developer. DeepRoute.ai held another round of Series B financing, which resulted in the startup receiving more than $300 million. The funds…

Startup funding is booming, as it was in 1999

Why startup funding is increasing Analysts researched the technology market and found that the amount of funding for startups last year was at the same level as it had been since 1999. According to them, 2020 was a "black swan" year for business projects, and the pace of investment began to increase. This trend has…

What makes American startup Figma unique

How the startup Figma and its service for designers came to be American startup Figma was valued at $10 billion after it attracted $200 million in investments. Its product is the most in-demand for graphic designers - the service is designed for prototyping and developing interfaces. In addition, the platform allows for collaborative work. It…

The world’ richest man Jeff Bezos became an investor in Altos Labs startup

What makes Altos Labs unique to humanity The owner of the Internet giant Amazon, Jeff Bezos, has invested in the startup Altos Labs. The latter is engaged in the search for methods to prolong human life. For the businessman, this is not the first investment in the sphere of longevity and health; previously, he invested…

Oyo Hotels will use cloud solutions from Microsoft

How Indian startup Oyo Hotels achieved success Hospitality startup Oyo Hotels from India has signed a long-term partnership agreement with the U.S. corporation Microsoft. According to the agreement, the Indian company will use the Azure cloud platform to manage its facilities. In addition, Oyo Hotels is interested in Microsoft developments based on artificial intelligence technology.…

20.12.20210Comments

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