Foresite Capital raises $900M sixth fund for investing in healthcare and life sciences companies
Venture fundraising has been a slog over the last few years, even for firms with a strong track record. That’s Foresite Capital’s experience. Despite having 47 IPOs, 28 M&As and 58 FDA-approved drugs under its belt, the 13-year-old multi-stage healthcare and life sciences firm took two years to raise its
Read moreHow Is AI Transforming the Banking Sector?
Artificial intelligence (AI) has brought transformative changes to various industries, including banking and financial services. While the use of AI in banking is not new, its adoption has expanded in recent years, particularly in areas like fraud protection, prevention, and improving the customer experience. However, it is important to recognize
Read moreStandard Bank and MTN Partner for MVNO Launch
Standard Bank Teams Up with MTN to Expand Mobile Network Coverage for South African Customers. In line with its telecommunications strategy, Standard Bank Mobile rebrands to Standard Bank Connect, offering new data and voice packages. Kartik Mistry, Head of Standard Bank Connect, says, “We are excited to collaborate with MTN
Read morePower method and centrality
A few days ago I wrote about eigenvector centrality, a way of computing which nodes in a network are most important. Rather than simply looking for the most highly connected nodes, it looks for nodes that are highly connected to nodes that are highly connected. It’s the idea behind Google’s
Read moreWhy Are Autoimmune Diseases a Feminine Issue Nowadays?
Autoimmune disease is the immune system attacking the body’s tissues. Can you Bet how much it happens by gender? About 80% of those affected by autoimmune diseases are women. This statistic raises important questions. Why are women much more impacted? How do factors related to modern life contribute to this?
Read moreAI Hub with Revolutionary Reference Design Portfolio
Vertiv has announced the launch of its AI Hub, aimed at bridging the knowledge gap and providing pioneering data centers with access to a reference library that includes information such as white papers, industry research, tools, and power and cooling portfolios for retrofit and greenfield applications. As the adoption of
Read moreNew Board Affairs Director at African Development Bank
Chioma Angela Onukogu has been appointed by the African Development Bank to the position of Director of Board Affairs and Proceedings in the Office of the Secretary-General and the General Secretariat, with effect from April 16, 2024. With over 25 years of experience in corporate governance and international development cooperation,
Read moreGorilla, a Belgian startup that helps energy providers crunch big data, raises $25M
Gorilla, a Belgian company that serves the energy sector with real-time data and analytics for pricing and forecasting, has raised €23 million ($25 million) in a Series B round led by U.S. venture capital firm Headline. Founded in 2018, Antwerp-based Gorilla works with energy providers across Europe, the U.S. and
Read moreFabless AI chip makers Rebellions and Sapeon to merge as competition heats up in global AI hardware industry
South Korea’s fabless AI chip industry saw a slew of fundraising events over the last couple of years as demand for hardware to power AI applications skyrocketed, and it seems the space is already consolidating. Two of the country’s prominent fabless AI chip startups, Rebellions and Sapeon, have agreed to
Read moreFintech Company Spotlights Resourceful SMEs, Entrepreneurs’
iKhokha– one of the fastest-growing fintech companies in Africa has partnered with Jabu Malungane to tell his story of tenacity, resilience and persistence in a new documentary. This documentary has been launched and chronicles the entrepreneurial journey of Jabu Malungane, founder of Jabu Atchar. The current unemployment rate in South
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