Venture capital, from Silicon Valley to New York, remains an industry deeply rooted in its investing and hiring patterns, self-perpetuating funding for a limited number of privileged companies that are overwhelming white, male and Ivy League-educated.
The data start-up, which has a valuation of $20 billion, would be the largest Silicon Valley tech listing since Uber made its debut last year.
Hundreds of tech-oriented startups worth a billion or more dollars had envisioned successful public offerings before the pandemic hit. But new tech listings slowed to nearly nothing this spring as companies have tried to adjust to the profound changes sweeping the world. Today, more and more companies are back to their previous plans, with Lemonade [...]
MANILA -- Philippine internet service provider ICT Converge Solutions is seeking to raise up to 35.9 billion pesos ($726 million) from an initial public offering, one of the Philippines biggest ever. Hoping to cash in on the surging demand for internet services amid the coronavirus pandemic, the company backed by U.S. private fund Warburg Pincus believes the share sale could help it compete with the PLDT and Globe Telecom duopoly that has dominated the Philippines for decades. ICT Converge's plans for a public debut also come at a time when telecom-related stocks are defying weakness in the broader Manila market.
Continuing its amazing funding spree since April, Reliance Industries Limited and Jio Platforms have received an investment of INR 1,894.50...
New York Times (NYT) tech reporter Taylor Lorenz said she was attacked by Silicon Valley elites on Clubhouse. Lorenz made the claims on Twitter Thursday morning. "Woke up today to ppl trying to reset my passwords and hack into my accounts, vicious, disgusting threats. Apparently a bunch of VCs, tech ppl etc spent all night [...] The post Silicon Valley Elites Go After Tech Reporter, Hacking And Threats Alleged Against 'Clubhouse Cabal' appeared first on Moguldom.
These are just some of the disparate areas of technology that fall under the bracket of deep tech, a growing area of interest for the UK's venture capital investors.
Palmer Luckey's controversial startup is self-funding its R&D rather than waiting for government contracts, making the confident wager that its artificial intelligence-laced surveillance and counter-drone systems are going to be snapped up by a Pentagon hungry to tap more Silicon Valley tech.
Protaryx Medical Announces $8.3M In Funding For First-class Technology For Left Atrial Access In Transcatheter Cardiac Procedures | Business Wire
BALTIMORE--(BUSINESS WIRE)--Protaryx(tm) Medical, a company committed to reimagining access to the left atrium for transcatheter cardiac procedures, today announced that it has raised $8.3 million in funding to develop the company's first-in-class device for precision transseptal access to the left atrium during structural heart and catheter ablation procedures. The company's funding includes non-dilutive grants and a seed round totaling $3.2 million and the recently closed $5.1M Series A financin.
Chancellor extends Future Fund to include firms that have moved their HQs abroadThe chancellor is expanding a PS500m fund for UK startups hit by the coronavirus crisis, to ensure firms that shifted their headquarters abroad can still access the scheme.The Future Fund will now benefit companies that are seen as British in all but name, having moved their parent company to tap US investors or take advantage of so-called accelerator programmes. Accelerators like US-based Y Combinator often ask firms to set up a US entity in order to access financing, mentorships and expert networks overseas. Continue reading...