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Tag: Funding

Canoo files for bankruptcy, ending seven years of EV innovation

Canoo, a seven-year-old EV startup, filed for bankruptcy and ceased operations after failing to secure funding.

Perplexity acquires Read.cv, a professional networking platform

Perplexity acquires professional networking platform Read.cv, ending its operations. Users can export data until May 16 as domains shift to Hello.cv.

Google partners with Indian startup for the world’s largest biochar carbon removal deal

Google partners with Indian startup Varaha in a deal for 100,000 tons of biochar carbon removal credits, promoting sustainable climate solutions.

French startups see stable funding as AI drives growth

France's startup funding remains stable in 2024, with AI driving 27% of investments despite challenges like lower U.K. investments and bankruptcies.

Bioptimus secures US$41M to create groundbreaking AI for biology

French startup Bioptimus raises US$41M to develop AI that simulates biological processes, driving medical, biotech, and cosmetic innovations.

Soul Parking secures Series A extension funding to enhance urban parking in Indonesia

AC Ventures and AppWorks lead funding round, joined by Taiwan Mobile, USPACE, and Wavemaker Ventures

China’s chip industry faces funding slump in 2024 amidst US tech rivalry

China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.

Atome Financial secures US$200 million syndicated facility to boost financial inclusion in Southeast Asia

Atome Financial secures a US$200M syndicated facility led by HSBC to expand its innovative financial services and promote inclusion in Southeast Asia.

Cybersecurity unicorn Semperis strengthens identity-driven resilience in Singapore after major funding success

Semperis enhances cybersecurity in Singapore with US$125M funding, partnerships, and training to combat growing cyber threats and ransomware attacks.

US confirms US$6.6 billion CHIPS Act funding for TSMC

TSMC secures US$6.6 billion in CHIPS Act grants to expand in Arizona, marking a milestone in US semiconductor development and job creation.

New investment drives expansion and super app development for underserved communities

Capital C Corporation secures 7-figure pre-seed funding to expand fintech solutions across Southeast Asia, supporting underserved communities.

OPPO and PolyU strengthen AI imaging research with new joint innovation centre

OPPO and PolyU strengthen collaboration, launching an innovation centre to drive advancements in AI imaging tech with a RMB 30 million investment.