AI Startup Hugging Face Raises $235 Million
The Hugging Face startup, which operates in the area of artificial intelligence, announced that it managed to raise investment funds for $235 million following the results of the Series D funding round.
Investing - page 27
Net Zero Challenge Launches in Vietnam
Touchstone Partners and Temasek Foundation have launched a climate technology innovations competition for startups in Vietnam
Irish Tech Firm Fineos Raises $40 Million
Fineos, a technology company based in Dublin that develops software designed for use by insurance firms, announced that following the results of the last round of financing, it managed to raise investment funds in the amount of $40 million.
Fintech Funding Plummets in Canada and Vietnam
These two countries have shown enormous levels of fintech funding decline in the first half of 2023
Emirates Development Bank Collaborates With Trade Capital Partners to Offer Supply Chain Finance
The Emirates Development Bank (EDB) has entered into a partnership agreement with Trade Capital Partners (TCP), which aims to create a solution for supply chain financing and working capital for small and medium-sized businesses in the United Arab Emirates (UAE).
UK Launches Fintech Fund
In the UK, a mechanism has been created to provide support to firms that are at the stage of growth and are engaged in financial technologies.
Lender Better.com Plans SPAC Listing in August
Digital Mortgage Lender Better.com plans to become a public company by the end of August.
LuLu Group Raises $2.72 Billion
LuLu Group International, which is based in Abu Dhabi and owns one of the largest hypermarket chains in the Middle East, is raising 10 billion dirhams (about $2.72 billion) to refinance debt ahead of the expected initial public offering (IPO).
USA to Restrict Investments in Chinese Technology Sector
The administration of US President Joe Biden last Wednesday, August 9, announced its intention to introduce restrictive measures concerning the investment of American venture capital, private companies, and joint ventures in the Chinese technology sector.
Amazon Reportedly to Invest in Chipmaker Arm’s Initial Public Offering
The media reported that Amazon is currently negotiating to invest in the initial public offering (IPO) of the chip manufacturer Arm.
Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany
Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.
Resilience to Expand Cyber-Risk Platform
Resilience has announced the completion of a $100 million Series D equity financing round.
SoftBank Vision Fund Makes First Profit
Vision Fund, which is part of the ownership structure of the Japanese corporation SoftBank Group, announced its first profit.
Airwallex Collaborates With OurCrowd to Make Startup Investing Easier
Airwallex announced the beginning of cooperation with the venture investment platform OurCrowd.
Tradeshift Raises $70 Million
Tradeshift, a platform for creating B2B payments, procurement in supply chains, and B2B marketplace services, announced that it managed to raise investment funds in the amount of $70 million.
Foxconn Plans to Build Component Plants in India
Foxconn Technology Group, Apple’s main supplier based in Taiwan, intends to increase investment in the development of production in the southern Indian state of Karnataka to more than $1.2 billion.
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