Trusted Insighthttp://thetrustedinsight.com/2024-03-28T16:31:06.804817-04:00Trusted Insight, the world's largest platform for institutional investors with 40,000 LP investor professionals in 98 countries and territories around the globe. 30,000 institutional investors engage with Trusted Insight each week. They are actively investing in alternative assets, primarily private equity, hedge funds, real estate and private companies. Our users consist of pension funds, endowments, foundations, sovereign wealth funds, family offices, banks and insurance companies. 83% of Trusted Insight users continue to use the platform 6 months after initially signing up. Investors on the platform, on average manage in excess of $5 billion. We are a platform for qualified purchasers, not high net worth investors.
Will Tech Vc Funds Become The New Frontier For Private Wealth?
2024-03-28T16:31:06.804817-04:00https://www.thetrustedinsight.com/investment-news/will-tech-vc-funds-become-the-new-frontier-for-private-wealth-20240328758/
Investing in venture capital funds targeting tech start-ups carries high risks and requires a tolerance for decades of illiquidity. But all it takes is one outperforming company to make it worth it.
Startup Funding: Indian Tech Startups Receive $1.6 Bn In Funding In Q1 2024; Retail, Fintech Lead, Et Retail
2024-03-26T07:41:05.995622-04:00https://www.thetrustedinsight.com/investment-news/startup-funding-indian-tech-startups-receive-16-bn-in-funding-in-q1-2024-retail-fintech-lead-et-retail-20240326638/
The Indian tech startup ecosystem received $1.6 billion in total funding in the first quarter this year (till March 15), becoming the fourth-highest nation globally in terms of funding raised during this period, a new report showed on Tuesday.
Kkr-advised Tech Growth Fund Exits Uk's Darktrace | Nasdaq
2024-03-22T07:06:20.529701-04:00https://www.thetrustedinsight.com/investment-news/kkr-advised-tech-growth-fund-exits-uks-darktrace-nasdaq-20240322523/
KKR Dark Aggregator L.P, a technology growth fund advised by U.S. private equity firm KKR, has fully exited its investment in British cybersecurity company Darktrace, joint book runner Jefferies International said on Friday.
Reddit Prices Ipo Shares At $34 In What Wall Street Hopes Will Reignite The Frozen Market For Newly Public Tech Companies
2024-03-20T21:01:06.316888-04:00https://www.thetrustedinsight.com/investment-news/reddit-prices-ipo-shares-at-34-in-what-wall-street-hopes-will-reignite-the-frozen-market-for-newly-public-tech-companies-20240320464/
The IPO values the social media company at $5.4 billion, well short of the $10 billion valuation it had in a private funding in 2021.
The Evolution Of Ntt: From Telecom Giant To Tech Innovator (otcmkts:nttyy)
2024-03-19T08:01:06.499950-04:00https://www.thetrustedinsight.com/investment-news/the-evolution-of-ntt-from-telecom-giant-to-tech-innovator-otcmktsnttyy-20240319371/
Investors can be forgiven if they hear about Nippon Telegraph And Telephone Corporation (OTCPK:NTTYY) and think it is an obsolete company not worth their time researching. While it's true that it is perhaps time to drop the word "Telegraph" from its name, and perhaps "Telephone" too while they are it, this is a company that is far from obsolete. It owns one of the leading mobile operators in the world, with excellent 5G coverage, and it is one of the most important data center operators globally.
Sprih Funding: Climate Tech Startup Sprih Raises $3M In Funding Round Led By Leo Capital - The Economic Times
2024-03-19T07:02:06.820624-04:00https://www.thetrustedinsight.com/investment-news/sprih-funding-climate-tech-startup-sprih-raises-3m-in-funding-round-led-by-leo-capital-the-economic-times-20240319359/
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Ldc Invests In Tech And Procurement Firm The 55 Group As Maven Exits After Three Years
2024-03-15T12:01:09.991316-04:00https://www.thetrustedinsight.com/investment-news/ldc-invests-in-tech-and-procurement-firm-the-55-group-as-maven-exits-after-three-years-20240315274/
Owner of Pagabo vows to 'take the business to the next level':
Private equity giant LDC has made a “significant investment” in Yorkshire tech firm The 55 Group with Manchester investor Maven exiting after three years of growth. The 55 Group was founded following Maven’s investment in 2021 and includes three brands - procurement platform Pagabo, contract management software Sypro and social value measurement software Loop. Since 2022 it has more than doubled in size, employing almost 100 people, and has moved to a new headquarters in the centre of Hull.
Health Tech Company Hilabs Raises $39M In Series B Financing | Company News
2024-03-15T07:01:44.694308-04:00https://www.thetrustedinsight.com/investment-news/health-tech-company-hilabs-raises-39m-in-series-b-financing-company-news-20240315262/
The capital will support the firm's continued enhancement of the technology as well as recruitment of top-tier talent and expansion of its product teams.
Hinduja Tech Secures $50 Mn Investment From Private Equity Fund Creador | Company News
2024-03-14T13:01:06.215315-04:00https://www.thetrustedinsight.com/investment-news/hinduja-tech-secures-50-mn-investment-from-private-equity-fund-creador-company-news-20240314240/
Creador is a renowned private equity firm focused on partnering to grow world-class businesses in Southeast Asia and India.
Aareal Bank Owners Hire Advisers To Sell Property Lender's Tech Arm, Sources Say - Cna
2024-03-14T08:01:06.399430-04:00https://www.thetrustedinsight.com/investment-news/aareal-bank-owners-hire-advisers-to-sell-property-lenders-tech-arm-sources-say-cna-20240314224/
FILE PHOTO: The construction site of "4 Frankfurt" skyscraper is reflected in a shop window in Frankfurt, Germany, July 19, 2023. REUTERS/Kai Pfaffenbach//File Photo LONDON/FRANKFURT : The owners of Aareal Bank have lined up advisers to sell its tech unit, three people familiar with the matter told Reuters, as the German property lender navigates a global crunch in commercial real estate. The shareholders, led by Advent International and Centerbridge Partners, recently chose Arma Partners to gauge interest in the division, known as Aareon, the people said.
Decoded Technology Law Insights, V 5, Issue 2, March 2024 | Spilman Thomas & Battle, Pllc
2024-03-08T17:01:20.847452-05:00https://www.thetrustedinsight.com/investment-news/decoded-technology-law-insights-v-5-issue-2-march-2024-spilman-thomas-battle-pllc-20240308037/
HHS Cybersecurity Performance Goals and the Healthcare Industry - The healthcare industry is a major target for cyberattacks because of all of the personal information collected from patients. Recognizing that the healthcare industry is such a ripe hunting ground for cybercriminals, the U.S. Department of Health and Human Services (HHS) has unveiled cybersecurity performance goals (CPGs) targeted to assist the healthcare industry avoid these attacks. HHS is recommending Essential CPGs best...By: Spilman Thomas & Battle, PLLC.
Women In Tech Statistics: The Hard Truths Of An Uphill Battle
2024-03-08T07:01:06.862792-05:00https://www.thetrustedinsight.com/investment-news/women-in-tech-statistics-the-hard-truths-of-an-uphill-battle-20240308015/
Diversity is critical to IT performance. Diverse teams perform better, hire better talent, have more engaged members, and retain workers better than those that do not focus on diversity and inclusion, according to a report from McKinsey. Despite this, women remain widely underrepresented in IT roles. And the numbers back up this assertion, often in stark ways. Lack of representation for women in the IT industry can be attributed to a wide array of often interrelated factors, and its persistence has follow-on effects in terms of compensation, opportunity, and safety in the workplace.
Openai, Tech Companies Sign Pledge To Build Ai Responsibly
2024-03-04T14:01:17.706751-05:00https://www.thetrustedinsight.com/investment-news/openai-tech-companies-sign-pledge-to-build-ai-responsibly-20240304849/
OpenAI CEO Sam Altman said progress in AI “will be one of the biggest factors in improving people’s quality of life.”
The 11 Largest Nyc Tech Startup Funding Rounds Of February 2024 – Alleywatch
2024-03-01T10:01:15.691214-05:00https://www.thetrustedinsight.com/investment-news/the-11-largest-nyc-tech-startup-funding-rounds-of-february-2024-alleywatch-20240301784/
Everything you need to need to know about the largest NYC startup funding rounds of February 2024; broken down by industry, stage, investors, and more…
The Ai Insiders Who Want The Controversial Technology To Be Developed Faster - Abc News
2024-02-17T16:01:06.236434-05:00https://www.thetrustedinsight.com/investment-news/the-ai-insiders-who-want-the-controversial-technology-to-be-developed-faster-abc-news-20240217347/
You've heard the arguments to put the brakes on the development of powerful Artificial Intelligence. But this secretive tech movement wants to do exactly the opposite.
Skylo Technologies: Skylo Raises $37M Co-led By Intel Capital, Innovation Endeavors; Bmw, Samsung Among New Investors, Et Telecom
2024-02-14T06:02:21.692606-05:00https://www.thetrustedinsight.com/investment-news/skylo-technologies-skylo-raises-37m-co-led-by-intel-capital-innovation-endeavors-bmw-samsung-among-new-investors-et-telecom-20240214216/
“This new investment expands Skylo’s scale and business operations to better support smartphones, wearables, IoT devices, and mobile network operator customers,” the Silicon Valley space technology startup said in a statement. It termed the investment as a major step in its commitment to making standards-based non-terrestrial network (NTN) more accessible for sectors such as consumer, automotive, agriculture, energy, transportation, and more.
Top 10 Tech Stocks For 2024
2024-02-13T06:02:36.743375-05:00https://www.thetrustedinsight.com/investment-news/top-10-tech-stocks-for-2024-20240213172/
Technology is on track for its best year since 2021, as shown by its price performance below, tracked using the Technology Select Sector SPDR ETF (XLK). Driven by seven of the most significant stocks in the market, tech’s terrific bounce-back from 2022 marked a stellar rebound amid a year of changes and groundbreaking advancements. Although past performance does not guarantee future results, this year’s tech stocks reflect some of the best Quant ideas from early February, as highlighted by their Quant Strong Buy rating.
Spiritual Tech Startup Astrotalk Raises $20M In Series A From Left Lane Capital
2024-02-12T06:01:06.627605-05:00https://www.thetrustedinsight.com/investment-news/spiritual-tech-startup-astrotalk-raises-20m-in-series-a-from-left-lane-capital-20240212109/
The company is eying growth in the South India and also eyeing expansion across the US, Canada, the UK and Middle East.
Us Vc Firms Investing Billions In Chinese Ai, Military And Tech Firms: Ccp Select Committee
2024-02-09T12:31:06.271987-05:00https://www.thetrustedinsight.com/investment-news/us-vc-firms-investing-billions-in-chinese-ai-military-and-tech-firms-ccp-select-committee-20240209066/
Five American venture capital firms invested over $3 billion in Chinese companies investing in AI and critical technologies or that were linked to China's military and repression.
Top Us Firms That Invested $3B In Chinese Military, Tech Revealed By House Panel Investigation
2024-02-08T12:31:06.547409-05:00https://www.thetrustedinsight.com/investment-news/top-us-firms-that-invested-3b-in-chinese-military-tech-revealed-by-house-panel-investigation-20240208022/
US venture capital firms have sunk at least $3 billion in Chinese tech companies that have aided the Communist government and its military — as well as the ongoing genocide against Uyghur Muslims in Xinjiang, according to a Thursday report from a bipartisan House panel. The House Select Committee on the Chinese Communist Party (CCP)...
Credit Hedge Funds Lead Hfri Gain To Begin 2024 As Geopolitical Risk Escalates - Fixed Income-based Relative Value Arbitrage Leads Strategy Gains - Technology, Credit Arb, Healthcare Lead Hfri Sub-strategies
2024-02-08T06:01:38.165220-05:00https://www.thetrustedinsight.com/investment-news/credit-hedge-funds-lead-hfri-gain-to-begin-2024-as-geopolitical-risk-escalates-fixed-income-based-relative-value-arbitrage-leads-strategy-gains-technology-credit-arb-healthcare-lead-hfri-sub-strategies-20240208005/
Hedge funds extended recent performance gains to begin 2024, with strong contributions from fixed income-based strategies as geopolitical risks continued to escalate, adding active conflicts in Yemen and the Red Sea to the ongoing conflicts in Ukraine and Israel. Gains were seen across a wide range of strategies and sub-strategies as investors and managers positioned for interest rates to remain elevated through early 2024, as US economic data continued to show strength and resilience. The HFRI Fund Weighted Composite Index® (FWC) advanced an estimated +0.28 percent for the month, while the HFRI 500 FWC Index added +0.24 percent.
Pristyn Care’s Fitness Tech Biz To Raise Up To $75 Mn
2024-02-04T12:31:06.579602-05:00https://www.thetrustedinsight.com/investment-news/pristyn-cares-fitness-tech-biz-to-raise-up-to-75-mn-20240204872/
The growth the wearable and fitness-tech industry has seen in the last 24-36 months makes BeatXP an ideal candidate to raise capital.
The 5 Largest Nyc Tech Startup Funding Rounds Of January 2024 – Alleywatch
2024-02-02T12:31:06.227555-05:00https://www.thetrustedinsight.com/investment-news/the-5-largest-nyc-tech-startup-funding-rounds-of-january-2024-alleywatch-20240202832/
Everything you need to need to know about the largest NYC startup funding rounds of January 2024; broken down by industry, stage, investors, and more…
Daily Markets: Jolts Data And The Start Of Big Tech Earnings
2024-01-30T08:32:07.647244-05:00https://www.thetrustedinsight.com/investment-news/daily-markets-jolts-data-and-the-start-of-big-tech-earnings-20240130703/
As the market gets ready for the start of Big Tech earnings after today’s market close and the Fed’s next policy decision tomorrow afternoon, investors are sifting through a mixed batch of earnings reports.
New Oriental Education & Technology Group Inc. (edu) Q2 2024 Earnings Call Transcript
2024-01-24T12:01:16.345237-05:00https://www.thetrustedinsight.com/investment-news/new-oriental-education-technology-group-inc-edu-q2-2024-earnings-call-transcript-20240124543/
New Oriental Education & Technology Group Inc. (NYSE:EDU) Q2 2024 Earnings Conference Call January 24, 2024 8:00 AM ET Good evening and thank you for standing by for New Oriental's FY 2024 Second Quarter Results Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Today's conference is being recorded. If you have any objections, you may disconnect at this time. Thank you. Hello, everyone, and welcome to New Oriental's second fiscal quarter 2024 earnings conference call.
Startup Aidash Raises $50 Mn In Funding For Tech That Uses Ai, Satellites
2024-01-24T06:11:17.049610-05:00https://www.thetrustedinsight.com/investment-news/startup-aidash-raises-50-mn-in-funding-for-tech-that-uses-ai-satellites-20240124525/
Company spots climate risks to power lines, plans hiring 150 people in India.
Startup Aidash Raises $50M For Tech Using Ai, Satellites To Spot Wildfire Risk - Cna
2024-01-23T13:11:06.177159-05:00https://www.thetrustedinsight.com/investment-news/startup-aidash-raises-50m-for-tech-using-ai-satellites-to-spot-wildfire-risk-cna-20240123495/
FILE PHOTO: An aerial photo of the devastation left behind from the North Bay wildfires north of San Francisco, California, October 9, 2017. California Highway Patrol/Golden Gate Division/Handout via REUTERS/File Photo A California startup using artificial intelligence (AI) and satellites to spot fire and weather risks on power lines, AiDash, reported on Tuesday it had raised $50 million in new funding, reflecting Silicon Valley efforts to create products that help energy companies adapt to climate change.
Horizon Technology: A Magnificent 10% Yield For Long Term Investors (nasdaq:hrzn)
2024-01-23T07:31:06.362978-05:00https://www.thetrustedinsight.com/investment-news/horizon-technology-a-magnificent-10-yield-for-long-term-investors-nasdaqhrzn-20240123480/
Horizon Technology Finance (NASDAQ:HRZN) is a well-run BDC that invests in a small number of core industries that are historically neglected by the banking community. The BDC runs a tech-focused investment strategy and has seen double-digit net investment income growth in the last year. Although I expect weaker NII growth in FY 2024, Horizon Technology has very strong dividend coverage. The BDC's shares currently provide dividend investors with a very well-supported 10% yield. Horizon Technology's shares are trading at a high premium to net asset value, but the risk profile is favorable for investors.
Fintech Firm Finagg Technologies Raises $11M In Series A Funding
2024-01-18T13:11:05.925443-05:00https://www.thetrustedinsight.com/investment-news/fintech-firm-finagg-technologies-raises-11m-in-series-a-funding-20240118353/
The company, which works in the MSME financing space, said the latest funding will be utilised towards expanding its offline and online presence, global outreach and investments in product innovation.
The 12 Largest Nyc Tech Startup Funding Rounds Of Q4 2023 – Alleywatch
2024-01-17T12:31:06.225423-05:00https://www.thetrustedinsight.com/investment-news/the-12-largest-nyc-tech-startup-funding-rounds-of-q4-2023-alleywatch-20240117303/
Everything you need to need to know about the largest NYC startup funding rounds of Q4 2023; broken down by industry, stage, investors, and more…
9 Indian Tech Startup Funding Predictions For 2024
2024-01-17T06:01:22.693455-05:00https://www.thetrustedinsight.com/investment-news/9-indian-tech-startup-funding-predictions-for-2024-20240117282/
At Inc42, the last two months have either been about delving deeper into the year gone by or trying to…
The 8 Largest Nyc Tech Startup Funding Rounds Of December 2023 – Alleywatch
2024-01-12T12:01:07.072573-05:00https://www.thetrustedinsight.com/investment-news/the-8-largest-nyc-tech-startup-funding-rounds-of-december-2023-alleywatch-20240112144/
Everything you need to need to know about the largest NYC startup funding rounds of December 2023; broken down by industry, stage, investors, and more…
E/acc Is Silicon Valley's 'optimism Virus' For Technological Progress
2024-01-05T07:31:40.307827-05:00https://www.thetrustedinsight.com/investment-news/eacc-is-silicon-valleys-optimism-virus-for-technological-progress-20240105920/
Marc Andreessen believes that pessimism has acted as an enemy to tech's progress.Michael Kovac/Getty Images for Vanity FairGet ready to hear a whole lot more about effective accelerationism – (e/acc).The obscure theory has a simple mission: fight against those slowing down tech's progress. Guillaume Verdon, an e/acc leader, believes now is the time to spread an "optimism virus. "If you aren't overflowing with dopamine at the mere thought of technology, AI, and innovation yet, there's a guy in Silicon Valley who wants to change that for you in 2024.Meet Beff Jezos (no, that's not a misspelling).Beff Jezos is several things.
Hong Kong’s First Ipo Of The Year Makes Weak Trading Debut As Robosense Technology Shares Drop In A Tepid Market | South China Morning Post
2024-01-05T06:01:19.659507-05:00https://www.thetrustedinsight.com/investment-news/hong-kongs-first-ipo-of-the-year-makes-weak-trading-debut-as-robosense-technology-shares-drop-in-a-tepid-market-south-china-morning-post-20240105910/
RoboSense lost as much as 3.5 per cent in its debut, to HK$41.50 in morning trade on Friday, from its IPO price of HK$43, giving it a US$2.4 billion market capitalisation.
Tech Startup Funding Falls To 4-year Low
2024-01-04T07:31:06.915990-05:00https://www.thetrustedinsight.com/investment-news/tech-startup-funding-falls-to-4-year-low-20240104863/
Startups had a rough 2023, with the value of venture investments hitting a four-year low. As Bloomberg News reported Thursday (Jan. 4), investors spent the last year funneling money into artificial intelligence (AI) firms, though other tech companies struggled. The report, citing data from PitchBook, said that venture capitalists (VCs) invested $170.6 billion in the […]
The post Tech Startup Funding Falls to 4-Year Low first appeared on PYMNTS.com.
Indian-origin Tech Company Heads, Teen Daughter Found Dead In Us
2023-12-30T06:01:19.889808-05:00https://www.thetrustedinsight.com/investment-news/indian-origin-tech-company-heads-teen-daughter-found-dead-in-us-20231230719/
New York, Dec 30 (IANS): An Indian-origin couple, who headed a tech company, and their teen daughter have been found dead in Massachusetts State and the local prosecutor said it was likely a "domestic issue incident". The prosecutor, Michael Morrissey, identified them on Friday as Rakesh Kamal, 57, his wife, Teen....
6 Biggest Tech Stories Of 2023
2023-12-28T10:31:17.292349-05:00https://www.thetrustedinsight.com/investment-news/6-biggest-tech-stories-of-2023-20231228671/
From massive layoffs and the collapse of Silicon Valley Bank to Microsoft's purchase of Activision and attempts to ban TikTok, these are the year's biggest tech stories.
Merchant: The 10 Best Tech Books Of 2023 - Los Angeles Times
2023-12-22T06:31:06.318685-05:00https://www.thetrustedinsight.com/investment-news/merchant-the-10-best-tech-books-of-2023-los-angeles-times-20231222516/
From meditations on AI to investigations of cryptocurrency, this year brought a bumper crop of great books about tech. These are required reading for those who would understand this moment.
China Outlook 2024: D.c. Is Wrong – Transformed Vcs Will Fund Tech Breakthroughs, Qiming’s Gary Rieschel Says
2023-12-22T06:01:17.063823-05:00https://www.thetrustedinsight.com/investment-news/china-outlook-2024-dc-is-wrong-transformed-vcs-will-fund-tech-breakthroughs-qimings-gary-rieschel-says-20231222506/
“Chinese entrepreneurs are now looking at the overseas market much earlier in their life cycle,” long-time investor says. :
Gary Rieschel moved to Shanghai in 2005 following a successful venture investment career that included setting up early Softbank funds in China. The venture firm he then co-founded, Qiming Ventures, has thrived in good and bad times in China. Today, Qiming has about the equivalent of about $7 billion of investments in more than 300 portfolio companies, employs more than 100 staff, and regularly lands partners on the Forbes Midas List.
8 Newsmakers Of 2023: The People Behind The Biggest Indian Tech Stories
2023-12-20T22:31:06.268073-05:00https://www.thetrustedinsight.com/investment-news/8-newsmakers-of-2023-the-people-behind-the-biggest-indian-tech-stories-20231220456/
What’s a newsmaker in the context of startups and tech? Is it an outspoken founder or investor who was among…
Olympic Icon And Tech Titan: Li Ning, Howard Yang Recognised At Ey Entrepreneur Of The Year Awards | South China Morning Post
2023-12-17T21:31:06.427210-05:00https://www.thetrustedinsight.com/investment-news/olympic-icon-and-tech-titan-li-ning-howard-yang-recognised-at-ey-entrepreneur-of-the-year-awards-south-china-morning-post-20231217316/
[The content of this article has been produced by our advertising partner.] In a celebration of remarkable individuals in the business world, the prestigious EY Entrepreneur Of The Year awards for China, including Hong Kong SAR, have recently bestowed their highest honours upon two exceptional entrepreneurs. Li Ning, renowned former Olympic gymnast and Chairman and Chief executive officer of Viva Goods Company Ltd, and Dr Howard Yang, distinguished Co-founder, Chairman, CEO, and Chief Scientist of Montage Technology, have been recognised for their extraordinary contributions to the business landscape.
The 11 Largest Nyc Tech Startup Funding Rounds Of November 2023 – Alleywatch
2023-12-12T10:31:06.550822-05:00https://www.thetrustedinsight.com/investment-news/the-11-largest-nyc-tech-startup-funding-rounds-of-november-2023-alleywatch-20231212098/
Everything you need to need to know about the largest NYC startup funding rounds of November 2023; broken down by industry, stage, investors, and more…
Marc Andreessen's Tech Manifesto And Joanne Mcneil's Debut Novel - Los Angeles Times
2023-12-12T08:31:07.204411-05:00https://www.thetrustedinsight.com/investment-news/marc-andreessens-tech-manifesto-and-joanne-mcneils-debut-novel-los-angeles-times-20231212090/
Where exactly is tech going? Joanne McNeil's debut novel 'Wrong Way' and billionaire Marc Andreessen's 'Techno-Optimist Manifesto' offer some clues.
Aliste Technologies Raises $1M Led By Yournest Venture Capital And Artha Venture Fund, Et Realestate
2023-12-12T07:11:06.025394-05:00https://www.thetrustedinsight.com/investment-news/aliste-technologies-raises-1m-led-by-yournest-venture-capital-and-artha-venture-fund-et-realestate-20231212088/
The company recently entered the Bengaluru market. With the freshly infused capital, the company intends to spread its footprints pan-India.
Super Micro Computer, Inc. (smci) Presents At Barclays Global Technology Conference (transcript)
2023-12-07T19:31:30.325776-05:00https://www.thetrustedinsight.com/investment-news/super-micro-computer-inc-smci-presents-at-barclays-global-technology-conference-transcript-20231207934/
Super Micro Computer, Inc. (NASDAQ:SMCI) Barclays Global Technology Conference December 7, 2023 2:35 PM ET Okay. Thanks, everybody. My name is George Wang. I'm the SMID Analyst for IT Hardware at Barclays. It is my pleasure today to welcome Super Micro Management, CFO, David. So before I start, I just want to read this safe harbor statement. We request investors to visit Super Micro IR web page for the safe harbor and the cautionary statements regarding financial history and the projections and the reconciliation of GAAP to non-GAAP measures.
Jpe Leads $1bn Investment In Tech Company Silversun
2023-12-04T12:41:07.006149-05:00https://www.thetrustedinsight.com/investment-news/jpe-leads-1bn-investment-in-tech-company-silversun-20231204752/
JPE is providing $900 million while co-investors, which include Sequoia Heritage, are providing $100 million. The post JPE leads $1bn investment in tech company SilverSun appeared first on PE Hub.
Who Is @basedbeffjezos, The Leader Of The Tech Elite’s ‘e/acc’ Movement?
2023-12-02T06:01:23.040629-05:00https://www.thetrustedinsight.com/investment-news/who-is-basedbeffjezos-the-leader-of-the-tech-elites-eacc-movement-20231202683/
A former Google engineer and the founder of stealth AI startup Extropic, is behind the Twitter account leading the “effective accelerationism” movement sweeping Silicon Valley.
Belfast Tech Firm Cloudsmith Bags £9M Venture Capital Funding
2023-12-01T06:31:06.608992-05:00https://www.thetrustedinsight.com/investment-news/belfast-tech-firm-cloudsmith-bags-9m-venture-capital-funding-20231201651/
MMC Ventures is investing in the software supply chain company. :
Belfast tech firm Cloudsmith said it will use the £9 million raised through its latest funding round to scale its operations globally. The firm, which provides a software supply chain platform to developers and others, secured the investment from MMC Ventures, a London-based venture capital firm whose other investments include food delivery service gousto and media monitoring firm Signal AI. News of the investment comes just after the company hired new chief executive Glenn Weinstein. Mr Weinstein has a track record of growing start-ups and cloud companies.
Opponents Of Secret California Tech City Heckle Its Billionaire Backers At Meeting With Shouts Of 'shill' And 'smooth Talker'
2023-11-30T19:31:17.426915-05:00https://www.thetrustedinsight.com/investment-news/opponents-of-secret-california-tech-city-heckle-its-billionaire-backers-at-meeting-with-shouts-of-shill-and-smooth-talker-20231130637/
The first of several town halls meant to win over the community didn't go well. :
A group of Silicon Valley billionaires led by former Goldman Sachs Group trader Jan Sramek have quietly bought up over $800 million worth of Northern California farmland to create a new city from scratch. But their vision of a sustainable utopia is drawing persistent opposition from locals who are fighting to preserve a rural way of life.
Venture Capital Firm Nxtp To Target Brazil, Mexico Tech Startups With $98M Fund - Cna
2023-11-28T09:11:05.713101-05:00https://www.thetrustedinsight.com/investment-news/venture-capital-firm-nxtp-to-target-brazil-mexico-tech-startups-with-98m-fund-cna-20231128494/
MEXICO CITY : Latin American venture capital firm NXTP has raised $98 million for a fund targeting technology startups largely in Brazil and Mexico, it said on Tuesday. Despite current macroeconomic headwinds, there is an "enormous" opportunity to invest in Latin American startups, said NXTP managing partner Darly Bendo. "We're seeing really low software penetration in Latin America" ranging from small-and-medium-size businesses to large corporations, he said. The firm manages a portfolio targeting software as a service (SaaS), fintechs, business-to-business marketplaces and logistics.
European Tech Startup Funding To Fall To $45B In 2023 -atomico | Nasdaq
2023-11-28T06:07:24.943971-05:00https://www.thetrustedinsight.com/investment-news/european-tech-startup-funding-to-fall-to-45b-in-2023-atomico-nasdaq-20231128482/
Total capital invested into European tech startups is projected to fall to $45 billion this year, down 55% from 2021, when investment volumes surpassed $100 billion for the first time, according to a report from venture capital firm Atomico.
Silicon Valley Leaders Are Calling Sam Altman's Firing The Biggest Tech Scandal Since Apple Fired Steve Jobs—but The Leading Theory About The Openai Drama Tells A Different Story
2023-11-18T18:31:17.874443-05:00https://www.thetrustedinsight.com/investment-news/silicon-valley-leaders-are-calling-sam-altmans-firing-the-biggest-tech-scandal-since-apple-fired-steve-jobsbut-the-leading-theory-about-the-openai-drama-tells-a-different-story-20231118166/
AI just got its Steve Jobs moment, as debates swirl between “accelerationists” and “doomers” over its threat to humanity. :
Apple lost its founder, 30-year-old Steve Jobs, in 1985, a famous moment in tech and business history, as the maker of the Macintosh parted ways with the face of personal computing, over a decade before their fateful reunion, the iPod, the iPhone, the $1 trillion valuation and all that.
Big Tech Wants Ai Regulation. The Rest Of Silicon Valley Is Skeptical.
2023-11-09T19:31:11.618576-05:00https://www.thetrustedinsight.com/investment-news/big-tech-wants-ai-regulation-the-rest-of-silicon-valley-is-skeptical-20231109858/
A growing group of tech heavyweights are pushing back against artificial intelligence regulation, claiming that such laws could snuff out competition in a vital new field.
Tata Technologies: Tata Technologies In Talks With Morgan Stanley, Us Funds For Ipo Investments
2023-11-09T08:31:22.170394-05:00https://www.thetrustedinsight.com/investment-news/tata-technologies-tata-technologies-in-talks-with-morgan-stanley-us-funds-for-ipo-investments-20231109834/
Tata Technologies, a part of the Tata Group, is in talks with Morgan Stanley Investment Management, Blackrock, and U.S hedge funds for its upcoming initial public offering (IPO) at a valuation of $2.5 billion. The company, which provides engineering services for the auto and aerospace sectors, is discussing possible participation in the IPO with asset managers Ghisallo Capital, Oaktree Capital, Key Square Capital, and others. The IPO is expected to open for subscriptions on November 21 and could be one of India's biggest IPOs this year.
The Dubai Integrated Economic Zones Authority Launches A Us$500 Million Venture Capital Fund Targeting Tech Startups
2023-11-08T06:11:06.660363-05:00https://www.thetrustedinsight.com/investment-news/the-dubai-integrated-economic-zones-authority-launches-a-us500-million-venture-capital-fund-targeting-tech-startups-20231108778/
This new fund is the first investment program launched under Oraseya Capital, DIEZ's venture capital arm. :
The Dubai Integrated Economic Zones Authority (DIEZ) has launched a venture capital (VC) fund worth US$500 million that will primarily focus on investing in tech startups. The fund was launched under the patronage of H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.
Volante Technologies Raises $66 Million In Strategic Investment Round Led By Sixth Street Growth - Latest Round Brings Total Outside Investment In Cloud Payments Fintech To $116M
2023-11-07T09:41:06.327109-05:00https://www.thetrustedinsight.com/investment-news/volante-technologies-raises-66-million-in-strategic-investment-round-led-by-sixth-street-growth-latest-round-brings-total-outside-investment-in-cloud-payments-fintech-to-116m-20231107737/
Volante Technologies, the global leader in cloud payments modernization, today announced that it has secured $66 million in debt and equity financing in an investment round led by Sixth Street Growth, the technology growth investing arm of Sixth Street, with participation from Wavecrest Growth Partners and Wells Fargo Strategic Capital. This latest round follows earlier funding milestones, including repeat participation from Wavecrest and Wells Fargo Strategic Capital and investment from BNY Mellon, Citi, Poste Italiane, and Visa Ventures, bringing the total outside investment in the company to $116 million.
Silicon Valley Elites Are Done Buying Land For Their Planned Tech Utopia After Spending $800M And Starting A Legal War
2023-11-03T18:32:57.698896-04:00https://www.thetrustedinsight.com/investment-news/silicon-valley-elites-are-done-buying-land-for-their-planned-tech-utopia-after-spending-800m-and-starting-a-legal-war-20231103615/
The investor group is backed by tech billionaires Mike Moritz, Reid Hoffman and Marc Andreessen. :
A Silicon Valley group backed by billionaires said it’s acquired all the land it needs to build a utopian city in northern California, after quietly buying more properties in the past month. Flannery Associates, the company behind the California Forever project, acquired at least seven more land parcels totaling about 814 acres in Solano County in October, according to county records.
Southeast Asian Startup Fund Returns Lag China, India Amid Tech Slide - Nikkei Asia
2023-11-01T07:01:13.304506-04:00https://www.thetrustedinsight.com/investment-news/southeast-asian-startup-fund-returns-lag-china-india-amid-tech-slide-nikkei-asia-20231101441/
SINGAPORE -- Southeast Asia's startup investors are facing greater pressure as returns from regional funds lag other Asian peers like China and India amid a tougher market environment for public listings and slowing business, according to a new Google-led study. The annual report, which was released on Wednesday by Google, Singapore state investor Temasek Holdings and U.S. consultancy Bain & Co., showed regional venture capital firms are facing difficulties amid global interest rate hikes and worsening economic conditions that are weighing on sentiment.
Silicon Valley Elites 'strong Armed' Farmers To Sell Their Land For A Would-be Tech Utopia In California, Lawsuit Says | Fortune
2023-10-30T22:31:09.561038-04:00https://www.thetrustedinsight.com/investment-news/silicon-valley-elites-strong-armed-farmers-to-sell-their-land-for-a-would-be-tech-utopia-in-california-lawsuit-says-fortune-20231030373/
The moguls also allegedly pitted family members against each other, the court documents said. :
A group of landowners say a Silicon Valley-backed company trying to build a sustainable city northeast of San Francisco used unfair and “strong-armed” tactics to force farmers to sell their land, including pitting family members against each other, court documents show. The details emerged on Friday as part of a lawsuit the company, Flannery Associates LLC, filed in May in District Court in Sacramento, alleging various farmers conspired to inflate the value of their land by $170 million.
Seurat Technologies Gathers $99M In Series C
2023-10-30T15:41:05.970148-04:00https://www.thetrustedinsight.com/investment-news/seurat-technologies-gathers-99m-in-series-c-20231030356/
WILMINGTON, MA, Seurat Technologies, announced a $99 million Series C round led by NVentures.
Seurat Technologies: Nvidia-backed Startup Seurat Hints At Ipo After $99M Fundraise, Et Telecom
2023-10-30T10:11:06.827281-04:00https://www.thetrustedinsight.com/investment-news/seurat-technologies-nvidia-backed-startup-seurat-hints-at-ipo-after-99m-fundraise-et-telecom-20231030340/
The fundraise, co-led by Nvidia's NVentures and Capricorn's Technology Impact Fund, brought in new investors Honda Motor and Cubit Capital. Existing backers including Porsche, and venture capital units of Xerox Holdings and General Motors Co also participated.
At Cyberport Venture Capital Forum 2023, Seasoned Investors, Startups, And Market Leaders Explore The Bright Spots Of Cutting-edge Technologies In The Vc Market | South China Morning Post
2023-10-26T23:31:06.191785-04:00https://www.thetrustedinsight.com/investment-news/at-cyberport-venture-capital-forum-2023-seasoned-investors-startups-and-market-leaders-explore-the-bright-spots-of-cutting-edge-technologies-in-the-vc-market-south-china-morning-post-20231026254/
In Q3 2023, a surge of optimism is observed among Asia’s venture capital investors, largely driven by robust IPO activity in Mainland China and Hong Kong.
How To Make A Real Case For Technological Optimism
2023-10-24T07:11:41.672571-04:00https://www.thetrustedinsight.com/investment-news/how-to-make-a-real-case-for-technological-optimism-20231024106/
Beyond Marc Andreessen’s Techno-Optimist Manifesto, We Should Consider The Real Grounds For Technological Optimism. :
“We are being lied to,” writes venture capitalist, Marc Andreessen ““We are told that technology takes our jobs, reduces our wages, increases inequality, threatens our health, ruins the environment, degrades our society, corrupts our children, impairs our humanity, threatens our future, and is ever on the verge of ruining everything. We are told to be angry, bitter, and resentful about technology. We are told to be pessimistic.” Not true, according to Andreessen’s just-published 15-page Techno-Optioomist Manifesto: “Our civilization was built on technology.
Newcastle Tech Leader Iamproperty Announces Perwyn As New Private Equity Partner
2023-10-23T20:31:06.454016-04:00https://www.thetrustedinsight.com/investment-news/newcastle-tech-leader-iamproperty-announces-perwyn-as-new-private-equity-partner-20231023087/
The new deal marks an exit for LDC which made a minority investment in the Newcastle business in 2019.:
The new deal marks an exit for LDC which made a minority investment in the Newcastle business in 2019 A major North East property employer which started as a two-man team is launching into its next growth phrase with multimillion-pound investment from a new private equity backer.
Stocks Set To Open Lower As Investors Await Key U.s. Inflation Data And Big Tech Earnings
2023-10-23T07:02:06.558272-04:00https://www.thetrustedinsight.com/investment-news/stocks-set-to-open-lower-as-investors-await-key-us-inflation-data-and-big-tech-earnings-20231023038/
December S&P 500 futures (ESZ23) are down -0.76%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.92% this morning as the benchmark U.S. 10-year yield hit 5% for the first time since 2007 while market participants geared up for earnings reports from some of the biggest tech heavyweights as well as the release of the Fed’s favorite inflation gauge.
Private Equity In £203M Bid For London-listed Tech Consultant Kin And Carta | Daily Mail Online
2023-10-18T18:01:07.186303-04:00https://www.thetrustedinsight.com/investment-news/private-equity-in-203m-bid-for-london-listed-tech-consultant-kin-and-carta-daily-mail-online-20231018896/
Kin and Carta, which advises businesses on technology strategies, is the latest company to be targeted by private equity predators.
Kkr-backed Avendus To Tap Tech Investment Banking Deals In Southeast Asia - Cna
2023-10-17T10:01:26.397212-04:00https://www.thetrustedinsight.com/investment-news/kkr-backed-avendus-to-tap-tech-investment-banking-deals-in-southeast-asia-cna-20231017807/
MUMBAI : Indian financial services firm Avendus will start offering investment banking services from Singapore to cash in on an expected technology sector dealmaking boom in the Southeast Asia region. Majority owned by U.S. private equity giant KKR, Avendus is best known in India for advising large startups such as SoftBank-backed food delivery firm Swiggy and eyewear retailer Lenskart on their fund raising. Karan Sharma, a managing director for Avendus in India said the operations from Singapore will focus on advising technology sector funding rounds of $40-50 million in Southeast Asia.
Investment In Climate Tech Startups Down Over 40 Percent Year On Year: Pwc
2023-10-17T07:06:31.382772-04:00https://www.thetrustedinsight.com/investment-news/investment-in-climate-tech-startups-down-over-40-percent-year-on-year-pwc-20231017796/
Private market equity and grant funding for climate tech startups globally totaled $65 billion in the 12 months ending September.
Latam Tech Weekly: Ai Vc Deals Ease Up, Backlog Of Tech Ipos
2023-10-16T13:31:06.592758-04:00https://www.thetrustedinsight.com/investment-news/latam-tech-weekly-ai-vc-deals-ease-up-backlog-of-tech-ipos-20231016761/
Greetings as we stride into the final quarter of the year. Acknowledging the intricate geopolitical landscape, let it be known that within this newsletter, our focus remains LatAm tech and adjacent markets that intricately influence the local landscape.
Empire State Of Innovation: New York's Tech Scene Thrives With Decade Of Ipo Success
2023-10-13T12:31:19.300678-04:00https://www.thetrustedinsight.com/investment-news/empire-state-of-innovation-new-yorks-tech-scene-thrives-with-decade-of-ipo-success-20231013683/
read more. :
Startups have been disproportionately affected by the Federal Reserve's hawkish plans, as rising interest rates stumped the growth rates of newly formed companies. The collapse of Silicon Valley Bank was also a black swan event for startups, causing newly minted companies to wither. But the latest trend evident in the startup industry is the shift from Silicon Valley to the Big Apple as people try to monetize the city that never sleeps. The San Francisco Bay Area has long been coveted as the go-to spot for startups, thanks to ready access to skilled labor and funding availability.
The Twenty Minute Vc (20vc): Venture Capital | Startup Funding | The Pitch: 20vc: Israeli Resilience From Tech And Beyond With Michael Eisenberg And Adi Levanon
2023-10-12T14:31:14.733915-04:00https://www.thetrustedinsight.com/investment-news/the-twenty-minute-vc-20vc-venture-capital-startup-funding-the-pitch-20vc-israeli-resilience-from-tech-and-beyond-with-michael-eisenberg-and-adi-levanon-20231012652/
Michael Eisenberg spent 15 years as a General Partner @ Benchmark working alongside Bill and the Benchmark partnership. Following Benchmark, Michael co-founded Aleph, one of the leading Israeli venture funds of the last decade with a portfolio including Lemonade, Melio and HoneyBook, just to name a couple of Aleph’s unicorns. Adi Levanon is the Founder & Managing Partner @ Selah Ventures, a solo-GP-founded venture fund investing $500k checks into AI-based solutions that enhance financial services, healthcare organizations, fintechs, and SMBs, with a focus on founders in the US and Israelis globally.
Why Switzerland Thinks It Can Be Europe’s Tech Start-up Capital
2023-10-11T15:31:07.075076-04:00https://www.thetrustedinsight.com/investment-news/why-switzerland-thinks-it-can-be-europes-tech-start-up-capital-20231011594/
Record numbers of start-ups in Switzerland are attracting growing attention from big tech and venture capital investors. :
Could Switzerland play host to a European equivalent of Silicon Valley? While London, Berlin and even Paris are typically thought of as Europe’s hubs for start-ups in the technology space, activity in the Swiss cities of Zurich and Lausanne has been accelerating fast in recent years. Big tech and venture capital are taking note, making significant investments in the country.
Firsthand Technology Value Fund Announces Voluntary Delisting From Nasdaq Global Market -october 06, 2023 At 04:16 Pm Edt | Marketscreener
2023-10-06T17:06:09.743885-04:00https://www.thetrustedinsight.com/investment-news/firsthand-technology-value-fund-announces-voluntary-delisting-from-nasdaq-global-market-october-06-2023-at-0416-pm-edt-marketscreener-20231006389/
(marketscreener.com)
Firsthand Technology Value Fund, Inc. , a publicly-traded venture capital fund that invests in technology and cleantech companies, today notified the Nasdaq Stock Market LLC of the Fund’s decision to voluntarily delist its common stock from the Nasdaq Global Market and its intent to file a Form 25 with the U.S. Securities and Exchange...https://www.marketscreener.com/quote/stock/FIRSTHAND-TECHNOLOGY-VALU-7827017/news/Firsthand-Technology-Value-Fund-Announces-Voluntary-Delisting-from-Nasdaq-Global-Market-45004231/?utm_medium=RSS&utm_content=20231006.
Onug Fall To Focus On The Convergence Of Networking And Security Technology And Its Role In Building Trusted Enterprise Cloud Infrastructure
2023-10-05T17:31:15.131293-04:00https://www.thetrustedinsight.com/investment-news/onug-fall-to-focus-on-the-convergence-of-networking-and-security-technology-and-its-role-in-building-trusted-enterprise-cloud-infrastructure-20231005341/
Focus on the New Age of Networking, Cloud Cost Optimization, Role of AI in Networking and Security Operations BOSTON, Oct. 5, 2023 /PRNewswire/ -- ONUG, the voice of the Global 2000, today announced the final program and speaker line up for its ONUG Fall 2023 event being held live at...
At One Ventures Launches $375M Climate Tech Fund
2023-10-04T07:11:06.982010-04:00https://www.thetrustedinsight.com/investment-news/at-one-ventures-launches-375m-climate-tech-fund-20231004257/
Over-subscribed second fund backs disruptive technologies in diverse industries ranging from built environment, to transportation, energy and agriculture SAN FRANCISCO, Oct. 4, 2023 /PRNewswire/ -- At One Ventures, the climate tech venture capital firm founded in 2020 by Tom Chi, founding...
Horizon Technology Finance Provides $40M Venture Loan Facility To Elligo Health Research -october 02, 2023 At 04:16 Pm Edt | Marketscreener
2023-10-02T17:01:06.126452-04:00https://www.thetrustedinsight.com/investment-news/horizon-technology-finance-provides-40m-venture-loan-facility-to-elligo-health-research-october-02-2023-at-0416-pm-edt-marketscreener-20231002174/
(marketscreener.com)
FARMINGTON, Conn., Oct. 2, 2023 /PRNewswire/ -- Horizon Technology Finance Corporation , a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced it has...https://www.marketscreener.com/quote/stock/HORIZON-TECHNOLOGY-FINANC-6809416/news/Horizon-Technology-Finance-Provides-40-Million-Venture-Loan-Facility-to-Elligo-Health-Research-44967264/?utm_medium=RSS&utm_content=20231002.
Vinod Khosla On Climate Tech Investing: Think Bigger, Think Riskier
2023-09-28T20:01:06.237770-04:00https://www.thetrustedinsight.com/investment-news/vinod-khosla-on-climate-tech-investing-think-bigger-think-riskier-20230928047/
Speaking at Fortune’s Global Sustainability Forum, Vinod Khosla said the venture capital industry has a responsibility to find and fund “instigators of change”—the entrepreneurs who can almost single-handedly bring carbon-reducing tech to the mainstream.
Bst: Private Equity, High Interest Rates Haunt This 9.80% Yielding Science And Tech Cef
2023-09-27T18:01:33.369194-04:00https://www.thetrustedinsight.com/investment-news/bst-private-equity-high-interest-rates-haunt-this-980-yielding-science-and-tech-cef-20230927984/
The subject of today's article is the BlackRock Science and Technology Trust (BST), a perpetual closed-end fund trading at a 2.12% discount to its net asset value and featuring a 9.80% trailing distribution yield. As with many CEFs, a managed high distribution yield is the key draw, which fund managers achieve with the help of premiums received from selling covered call options on individual securities. However, BST has struggled recently, declining by 3.02% in August and 7.40% MTD through September 24.
Hitting The Books: Beware The Tech Bro Who Comes Bearing Gifts
2023-09-24T12:31:06.831783-04:00https://www.thetrustedinsight.com/investment-news/hitting-the-books-beware-the-tech-bro-who-comes-bearing-gifts-20230924805/
American entrepreneurs have long fixated on extracting the maximum economic value out of, well really, any resource they can get their hands on — from Henry Ford's assembly line to Tony Hsieh's Zappos Happiness Experience Form. The same is true in the public sector where some overambitious streamlining of Texas' power grid contributed to the state's massive 2021 winter power crisis that killed more than 700 people.
Tech War: Venture Giant Ggv Capital Spins Off China Operations After Us Congressional Investigation | South China Morning Post
2023-09-22T08:01:06.715155-04:00https://www.thetrustedinsight.com/investment-news/tech-war-venture-giant-ggv-capital-spins-off-china-operations-after-us-congressional-investigation-south-china-morning-post-20230922740/
The Silicon Valley company joins several other US investment firms, including Sequoia Capital, that have made similar moves under pressure in Washington.
Us Farmers, Tech Tycoons Square Off Over Plans For Utopian City
2023-09-22T07:01:18.264567-04:00https://www.thetrustedinsight.com/investment-news/us-farmers-tech-tycoons-square-off-over-plans-for-utopian-city-20230922729/
A stealth campaign by Silicon Valley elites with a dream of turning a swath of California farmland into a new age city has ranchers who live here challenging their tactics and their motives.
Deep Tech Vc Launched By Ex-nvidia, Samsung Execs Raises $140M Fund, Et Telecom
2023-09-19T07:11:09.996429-04:00https://www.thetrustedinsight.com/investment-news/deep-tech-vc-launched-by-ex-nvidia-samsung-execs-raises-140m-fund-et-telecom-20230919573/
The Palo Alto-headquartered fund will focus on investing in early-stage artificial intelligence (AI) startups and other firms focusing on cutting-edge science, known as "deep tech."
Opinion | Beware Tech Billionaires Building Brand New Cities - The New York Times
2023-09-17T07:01:15.244689-04:00https://www.thetrustedinsight.com/investment-news/opinion-beware-tech-billionaires-building-brand-new-cities-the-new-york-times-20230917485/
The latest effort by tech titans to create their own “technotopia” doesn’t bode well for cities old or new. :
Tech leaders are fed up with cities and their politics. So they want to start over. And that doesn’t bode well for cities old or new. We recently learned that the mysterious company gobbling up land in Solano County, Calif., is funded by venture capitalists including Marc Andreessen, Reid Hoffman and Steve Jobs’s widow, Laurene Powell Jobs. Their goal: build a new city from scratch.
They Can Buy Yachts, Fancy Cars And Cities? Why Tech Billionaires Are Buying Land Near San Francisco To Create Their Own Utopian City
2023-09-12T15:01:06.698623-04:00https://www.thetrustedinsight.com/investment-news/they-can-buy-yachts-fancy-cars-and-cities-why-tech-billionaires-are-buying-land-near-san-francisco-to-create-their-own-utopian-city-20230912286/
A group of tech billionaires including Marc Andreessen, Reid Hoffman and Laurene Powell Jobs are buying land near San Francisco to build a self-contained utopia for the wealthy. They are funding a firm called Flannery Associates, which has purchased more than 55,000 of agricultural and unused land about 60 miles north of San Francisco. Flannery Associates purchased much of the land at above-market prices, leading to questions about the firm’s motives. As the company reaches out to local officials, its intentions are coming into focus.
Temasek-backed Singapore Vc Snags $541M Despite Tech Woes
2023-09-12T07:01:21.721748-04:00https://www.thetrustedinsight.com/investment-news/temasek-backed-singapore-vc-snags-541m-despite-tech-woes-20230912247/
The sum includes a $50 million vehicle that will pump in additional capital alongside its main fund into startups led by women founders, the Singapore-based firm said in a statement on Tuesday.
Temasek-backed Vertex Snags $736M Despite Tech Woes | The Straits Times
2023-09-11T23:31:06.163553-04:00https://www.thetrustedinsight.com/investment-news/temasek-backed-vertex-snags-736m-despite-tech-woes-the-straits-times-20230911244/
September 12, 2023 10:25 AMVertex Ventures Southeast Asia and India closed its fifth and biggest fund to back start-ups in the region.
Ai And You: Big Tech Goes To Dc, Google Takes On 'synthetic' Political Ads
2023-09-10T11:31:06.796203-04:00https://www.thetrustedinsight.com/investment-news/ai-and-you-big-tech-goes-to-dc-google-takes-on-synthetic-political-ads-20230910200/
Get up to speed on the rapidly evolving world of AI with our roundup of the week's developments. :
Get up to speed on the rapidly evolving world of AI with our roundup of the week's developments. Sen. Chuck Schumer invited Big Tech leaders to an AI Insight Forum in Washington, DC, as the US works to figure out how to regulate artificial intelligence. Closed-door meetings set for Sept. 13 will focus on the risks and opportunities ahead as the public continues to embrace tools like Open AI's ChatGPT and Google's Bard.
Sofi Technologies, Inc. (sofi) Management Presents At Goldman Sachs Communacopia + Technology Conference (transcript)
2023-09-06T21:31:06.161151-04:00https://www.thetrustedinsight.com/investment-news/sofi-technologies-inc-sofi-management-presents-at-goldman-sachs-communacopia-technology-conference-transcript-20230906098/
SoFi Technologies, Inc. (NASDAQ:SOFI) Goldman Sachs Communacopia + Technology Conference Transcript September 6, 2023 4:05 PM ET Good. Excellent. Well, we will go ahead and get started. Welcome to the SoFi presentation at the Goldman Sachs Communacopia and Technology Conference. I have the privilege of introducing Anthony Noto, CEO of SoFi since 2018. Anthony joined SoFi after serving as CFO and COO of Twitter. He was also the Co-Head of Global TMT Banking at Goldman Sachs and the CFO for the NFL. My name is Mike Ng and I cover SoFi and fintech here at Goldman.
Workday, Inc. (wday) Presents At Goldman Sachs Communacopia & Technology Brokers Conference (transcript)
2023-09-06T07:01:41.298936-04:00https://www.thetrustedinsight.com/investment-news/workday-inc-wday-presents-at-goldman-sachs-communacopia-technology-brokers-conference-transcript-20230906052/
Workday, Inc. (NASDAQ:WDAY) Goldman Sachs Communacopia & Technology Conference September 5, 2023 6:05 PM ET Carl’s been a COO, been a – how many of you know somebody who's been a – who is a CEO, and has been a COO and a CFO and a Venture Capitalist? Anybody knows anybody? No. Okay, so there you go. That is truly unique about that, I just thought about it. How many people have worn these multiple hats and it's only one person that I know.
Ranchers Decry Tech Elite Buying Land Near San Francisco For New City
2023-09-03T17:31:06.543515-04:00https://www.thetrustedinsight.com/investment-news/ranchers-decry-tech-elite-buying-land-near-san-francisco-for-new-city-20230903974/
“If they want a new city, San Jose is ripe. Fix what’s there," suggested a Solano County rancher. :
Silicon Valley tech elites have their reasons for wanting to build a new city near San Francisco. For starters, they’re fed up with the crime, drug markets, and homeless encampments—not to mention the sky-high housing costs and flight of companies from downtown. With that in mind, a group of them have spent nearly $1 billion buying up land in Solano County, about 60 miles outside San Francisco.
Tech Billionaires Plan To Build California City From Scratch - Los Angeles Times
2023-08-31T09:31:07.027431-04:00https://www.thetrustedinsight.com/investment-news/tech-billionaires-plan-to-build-california-city-from-scratch-los-angeles-times-20230831895/
The billionaires behind Flannery Associates have bought up more than 140 parcels in Solano County with dreams of 'a new city with tens of thousands of new homes.'
Horizon Technology Bdc: Don’t Buy This 11.1% Yielding Bdc Just Yet (downgrade) (hrzn)
2023-08-31T07:01:06.190928-04:00https://www.thetrustedinsight.com/investment-news/horizon-technology-bdc-dont-buy-this-111-yielding-bdc-just-yet-downgrade-hrzn-20230831888/
Venture-focused business development companies like Horizon Technology Finance (NASDAQ:HRZN) have seen strong valuation resets since March. BDCs like Horizon Technology Finance sold off in March following the disaster that engulfed Silicon Valley Bank, which had a substantial focus on venture-backed companies. Since then, Horizon Technology Finance’s valuation has fully recovered up until August before dropping again more recently in light of broader market weakness.
Tech Moguls Building Private City In California
2023-08-28T16:31:06.582954-04:00https://www.thetrustedinsight.com/investment-news/tech-moguls-building-private-city-in-california-20230828780/
What to Marc Andreessen, Laurene Powell Jobs and Michael Moritz have in common? They seek to transform a swath of California land into a bustling city.
Horizon Technology Finance: Venture Debt Faces A Golden Moment (nasdaq:hrzn)
2023-08-28T15:31:19.015989-04:00https://www.thetrustedinsight.com/investment-news/horizon-technology-finance-venture-debt-faces-a-golden-moment-nasdaqhrzn-20230828777/
Venture debt is having its golden moment as private credit takes center stage on the back of the spring 2023 banking failures, subsequent incoming increases to US banking capital requirements, and a Fed funds rate that currently sits at a 22-year high at 5.25% to 5.50%. This subset of private credit describes loans offered to early-stage high-growth companies with venture capital backing. Non-bank lender Horizon Technology Finance (NASDAQ:HRZN) is up 9% on a total return basis year-to-date and is experiencing a surge in demand for new loans.
Tech Leaders Spent $800M Trying To Build New City Beside San Francisco
2023-08-28T11:31:27.032536-04:00https://www.thetrustedinsight.com/investment-news/tech-leaders-spent-800m-trying-to-build-new-city-beside-san-francisco-20230828766/
Above, a sight that will not be visible from Flannery Associates’ new city. | Photo by Tayfun Coskun / Anadolu Agency via Getty Images
Over the past five years, a company named Flannery Associates has spent $800 million scooping up land outside San Francisco — without explaining who’s behind the effort or what they plan to do with the land.
Tech Ipos Are Coming Back — Now They Have To Perform
2023-08-28T08:01:06.949422-04:00https://www.thetrustedinsight.com/investment-news/tech-ipos-are-coming-back-now-they-have-to-perform-20230828752/
After a historically slow period for tech IPOs, investors are getting read for debuts from Arm, Instacart and Klaviyo. :
It's been 20 months since a notable venture-backed tech company went public in the U.S., and the chatter in Silicon Valley has centered around who will break the ice. On Friday, grocery delivery startup Instacart and data and marketing automation company Klaviyo filed for stock market debuts. Earlier in the week, chip designer Arm, which is owned by Japan's SoftBank, said it plans to hit the Nasdaq seven years after being taken private in a $32 billion acquisition.
Tech Bros Buying $100k Red-light Therapy Beds, $70k Hyperbaric Chambers
2023-08-26T15:01:06.848360-04:00https://www.thetrustedinsight.com/investment-news/tech-bros-buying-100k-red-light-therapy-beds-70k-hyperbaric-chambers-20230826722/
Amid Silicon Valley's longevity obsession, some tech execs are spending huge sums on high-tech wellness devices, according a survey by The Information.
Pro Take: Corporate Venture Capital Provides Path For Long-term Tech Strategy
2023-08-25T08:31:19.583133-04:00https://www.thetrustedinsight.com/investment-news/pro-take-corporate-venture-capital-provides-path-for-long-term-tech-strategy-20230825682/
Companies that make venture-capital investments can get an inside view of where markets and technology are headed. :
https://www.wsj.com/articles/pro-take-corporate-venture-capital-provides-path-for-long-term-tech-strategy-6f75eb75 Large, public companies, under pressure from the capital markets, aren’t always geared toward long-term thinking. Yet there is one part of the corporate realm in which strategic horizons of a decade or more have a place: corporate venture capital.
Pi-xcels Secures Us$1.7m In Funding To Revolutionise Retail Transactions With Interactive E-receipt Technology
2023-08-23T21:41:06.486651-04:00https://www.thetrustedinsight.com/investment-news/pi-xcels-secures-us17m-in-funding-to-revolutionise-retail-transactions-with-interactive-e-receipt-technology-20230823588/
SINGAPORE, Aug. 23, 2023 /PRNewswire/ -- Pi-xcels, an innovative leader in digital receipt solutions, has successfully completed its Seed funding round, raising US$1.7 million. The round was led by Wavemaker Partners, with participation from other prominent venture capital firms such as...
Vietnam Internet Giant Files To Be First Tech Firm From That Country Go Public In U.s. As The Market For New Listings Thaws
2023-08-23T21:01:06.037098-04:00https://www.thetrustedinsight.com/investment-news/vietnam-internet-giant-files-to-be-first-tech-firm-from-that-country-go-public-in-us-as-the-market-for-new-listings-thaws-20230823587/
VNG IPO would follow this month’s U.S. SPAC debut of Vietnamese electric-vehicle maker Vinfast Auto. :
Internet startup VNG filed for an initial public offering in the US, making it the first Vietnamese technology company to seek a listing in New York and adding to a diversifying roster of companies planning listings as equity markets thaw. VNG, which plans to offer almost 22 million shares in the IPO, will set a proposed price range in a later filing with the US Securities and Exchange Commission.