Wirepas nabs $22M to expand a IoT business based on distributed, mesh technology
Wirepas, a startup out of Finland that is building out an Internet of Things business based on a novel approach — using mesh networking, rather than cellular or WiFi to connect thousands of objects — has raised some funding to give its efforts some oxygen. The company has picked up
Read moreConfirmed: Palo Alto Networks buys Dig Security, sources say for $400M
We reported in September that Palo Alto was getting ready to make yet more security acquisitions out of Israel, specifically of Dig Security and Talon. Today, some confirmation of one of those has arrived: the U.S. security giant said it would be acquiring Dig. The company is not disclosing the financial
Read moreShield AI raises $200M at a $2.7B valuation to scale military autonomous flying tech
Shield AI has raised $200 million in new funding as it looks to scale its autonomous flying systems for the U.S. military and its allies. The startup, which was founded in 2015, is now valued at $2.7 billion. This latest round was led by U.S. Innovation Technology Fund (USIT) with
Read moreYuzu wants to make health plans cheaper by letting insurers mix and match benefits
In the U.S., figuring out ways to pay for health insurance is a perennial problem — not just for individuals, but for the businesses employing them. Companies pay upwards of $22,000 per employee for family coverage, according to health policy publication KFF. And that’ll soon increase — the cost of
Read moreBrazilian fintech QI Tech lands $200M led by General Atlantic
Brazilian banking-as-a-service startup QI Tech has raised $200 million in a Series B round of funding led by New York-based General Atlantic. Founded in 2018 by Pedro Mac Dowell, Marcelo Bentivoglio and Marcelo Buosi, QI Tech is an infrastructure platform enabling the development of credit, payment, and banking solutions through
Read moreEricsson Empowers 5G Networks with Innovative Launch
Ericsson launched a new software toolkit aimed at enhancing 5G Standalone network capabilities and enabling premium services with differentiated connectivity. This portfolio enhancement is a response to the growing demand for network capacity and performance driven by new use cases and increasing expectations for the quality of the 5G experience.
Read moreSkyCell raises $57M at a $600M valuation to build smart containers for pharmaceutical transport
The Covid-19 pandemic put a spotlight on how critical the development and distribution medicine can really be. Vaccines for the coronavirus typically needed to be kept at very specific temperature controls to remain active, so getting them to where they needed to be in temperature-safe condition became nearly as important
Read moreSocial Media’s Take on the President’s Addressing
On the night of October 30, 2023, President Cyril Ramaphosa addressed the nation, delivering an unexpected announcement: December 15, 2023, would be designated as a public holiday dedicated to celebrating hope and unity within the country. The president elucidated that this specific date was chosen to commemorate the remarkable achievements
Read moreHashtag Trending Oct.31-White House issues orders to regulate AI; Can open source help combat the monopolization of AI by giants? A new version of the Linux core is out
The U.S. President issues executive orders to regulate AI, while some are asking if Open source can keep AI from being dominated by a few giants. Remote work isn’t going away without a fight. Linus Torvald says he’s “run out of excuses” and releases a new version of the Linux
Read moreEgyptian healthtech Almouneer raises $3.6M to scale its platform for treating diabetes and obesity
Obesity and prediabetes are major health concerns in Africa and the Middle East, affecting over 40% of the population. In Egypt, 20% of adults have diabetes; the figure in Saudi Arabia is 30%. In Nigeria, 1 in 17 adults has diabetes. The issue of prediabetes and obesity is even more
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