Startups
The latest news on tech-based startups from Asia to the Americas.
Business
Successful IPOs of 2020 – Airbnb and DoorDash witnesses a kickstart
Airbnb's IPO took off for the first time on Thursday, December 10, and it has been a massive kickstart! This is the start of their trading journey, and the famous home-rental company managed to close the shares at $145, with a $100 billion...
Startups
VSPN Esports raised $100 million in funding lead by Tencent
VSPN, Versus Programming Network, a Chinese eSports startup company, announces that it has raised $100m in its series B funding round. The funding round was led by Tencent Holdings, followed by other investors Tiantu Capital, SIG (Susquehanna International Group), and Kuaishou, with Lighthouse...
Startups
BIMA raises $30 million for digital health and insurance
BIMA is one of the top growing health and insurance organizations, based in London and Stockholm. The startup now serves more than 35 million people in 9 different emerging markets from Asia and Africa. Since the rise of COVID and the significance of...
Startups
VMWare acquiring network security firm Lastline
Rahma Ilyas - 0
VMware, a well known American publicly traded software company, has announced its intent to acquire Lastline, an anti-malware cybersecurity company, for research and to yield innovative security capabilities. The deal will close by July 31, and the startup has not disclosed much about...
Apple
Apple acquired Dark Sky weather app, set to remove from Play Store by July 1
Rahma Ilyas - 0
Dark Sky, a popular hyperlocal weather app and data collection service, has joined Apple to reach far more people with far more impact than ever thought. Dark Sky is one of the most accurate information sources of hyperlocal weather information providing down-to-the-minute forecasts...
Business
Toyota invests $400 million in Pony.ai for Level 4 autonomous cars
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Pony.ai, an autonomous driving startup based in China, has received a total of $462 million in the latest funding round, led by Toyota Motor Corporation. The largest Japanese automaker has funded $400 million into Pony.ai, followed by Sequoia, KUNLUN, IDG Captial, and ClearVue Partners. The...
Business
Snap announces the third cohort of Yellow Accelerator Program
Snap Inc, the parent company of Snapchat, has launched the third cohort of its Yellow accelerator program. The program, debuted in 2018, was started to bring in creative minds and entrepreneurs to build great media companies for the next generation. The main aim of...
Twitter
Chroma Labs has officially joined Twitter. Is Twitter coming up with its own Stories?
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Chroma Labs has officially announced that the company is shutting down its business immediately, and the team is joining Twitter. Kayvon Beykpour, the product lead at Twitter, confirmed the news of acquisition in his tweet saying Chroma Labs squad is joining its product, design, and engineering team for...
Startups
HopSkipDrive raises $22 million in latest round of funding
Rahma Ilyas - 0
HopSkipDrive, a Los Angeles based transportation company for children, has received a $22 million in funding in the latest round. The round, largest yet, saw participation from 15 investors which include Cyrus Capital Partners, State Farm Ventures, Upfront Ventures, and FirstMark Capital. The...
Facebook
Facebook acquires PlayGiga to jump into cloud gaming
Facebook has acquired PlayGiga, a startup focused on cloud video games, as reported by CNBC. PlayGiga has one of the advanced video game streaming platforms in Europe. PlayGiga, based in the Spanish city of Madrid, has been working on online and cloud-based gaming since...