Saudi Arabia Announces $6.4B Investments In Future Tech
Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said, as the kingdom races to diversify its economy from oil in the face of fierce regional competition.
Legend Capital Leads Angel Round In Chinese 5g Information Technology Start-up – China Money Network
Chinese venture capital firm Legend Capital has led a nearly RMB100 million (US$14.46 million) angel round financing in a Chinese 5G information technology start-up, according to a statement released on Legend Capital’s WeChat official account on Wednesday. Other investors including Chinese private equity firm China Broadband Capital, Broad Vision Funds, and venture capital firm Eastern […]
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Insight Venture Partners Acquires Information Tech Startup
Insight Venture Partners has acquired Irvine, California-based Resolve Systems, an enterprise-wide incident response and automation platform for security, IT and network operations. The Insight investment will enable Resolve Systems to further extend its leading position in the Incident Response & Resolution market by accelerating its product capabilities, and expanding its global sales, support and delivery infrastructure.
Following Snap IPO, Startup Seeks Lower Valuation At Public Market Debut
Presidio, a provider of information technology services, priced its initial public offering late Thursday at the low end of its expected range, showing subdued investor reaction toward the tech unicorn following the IPO of Snapchat operator Snap.
Viktor Prokopenya's VP Capital And The Gutseriev Family's Larnabel Ventures Announce $5M Investment In Banuba
Larnabel Ventures, a fund founded by the Gutseriev family to invest in the information technology sector, and VP Capital, a technology-focused investment vehicle founded by Viktor Prokopenya, today announced that they have made a <span class="xn-money">$5 million</span> investment in Banuba, a startup that develops technologies for augmented reality-enabled mobile applications.
Hedge Funds Boost Financials, Trim Tech And Other 13F Highlights
Hedge fund managers jumped on the Trump train in the last three months of 2016, boosting their stakes in financial companies and reducing their holdings in technology firms. Financial institutions have risen 22 percent since Donald Trump won the U.S. presidential election on Nov. 8, on optimism that his administration will reduce regulations, cut taxes and spur deal making. Shares of Goldman Sachs Group Inc. hit a record high Tuesday. Technology shares, meanwhile have risen just 9.3 percent since the election, as measured by the S&P 500 Information Technology Index, about the same as the overall market. The biggest new...
Trident Capital Cybersecurity Closes $300M Early-Stage Cybersecurity Venture Fund
The firm has already invested in five companies in Fund I that include 4iQ, Appthority, Bayshore Networks, ID Experts and IronNet Cybersecurity. Additionally, active, prior investments of the TCC team include AlienVault, BlueCat Networks, Hytrust and Mocana.
Healthcare IT / Digital Health VC Funding In 2016 Crosses $5B For The First Time
Venture capital funding, including private equity and corporate VC, in the Healthcare IT totaled $5.1B (billion) in 622 deals in 2016, a new record for the sector. By comparison, $4.6B was raised in 2015 in 574 deals. Corporate funding in Health IT companies -- including debt and public market financing -- came to $5.6B, down 30 percent from 2015.
White House Expands Platforms For Inclusive Entrepreneurship
The White House announced today new and expanded plans to improve diversity and inclusion within the startup economy, focused on higher education, investment and entrepreneurship.
Singer's Elliott Management Reveals $1.4B Stake In Cognizant
Paul Singer’s activist investor Elliott Management has revealed a stake of more than 4% in information technology company Cognizant Technology Solutions, saying in a letter to management that it believes the firm’s intrinsic value is at least 50% higher than its current market capitalization and laying out a series of recommendations to get it there.read more