Wind.app makes DeFi accessible to the average consumer
Hussain Elius is best known as the co-founder of Pathao, one of Bangladesh’s top ride-sharing apps. For his latest startup, however, Elius is exploring the world of DeFi with Wind.app, a self-custodial, smart contract wallet with three main features. The first is enabling businesses to send payments to remote employees
Read moreAmazon announces three new serverless offerings to kick off re:Invent
Amazon kicked off AWS re:Invent, its annual customer conference, in Las Vegas tonight with a few new serverless offerings designed to make it easier to manage Aurora, Elastic Cache and Redshift serverless services. Matt Wood, AWS VP, says that Aurora Serverless is great for getting up and running very quickly
Read moreParis-based startup studio Hexa raises some funding to launch even more startups
You might not be familiar with Hexa, the Paris-based startup studio that has launched dozens of B2B software companies, but some of its portfolio companies have become well-known unicorns, such as Front, Aircall and Spendesk. And it turns out that Hexa itself could be considered as a startup as the
Read moreApple partner Foxconn to invest $1.5 billion in India
Foxconn plans to invest $1.54 billion in India, the latest in its growing expansion plan, following a surge in revenues in the South Asian market. Foxconn said in a stock exchange filing that the investment will help it fulfil “operational needs.” The investment comes two months after the Taiwanese firm
Read moreInflow connects small fashion brands with manufacturers in Vietnam
Textiles and garments contribute 16% of Vietnam’s total GPD, but it’s challenging for small garment brands to take advantage of the country’s manufacturing prowess. Inflow is stepping into the gap, with a platform that gives small brands visibility into manufacturers’ supply chains and the design-to-production cycle. It also helps them
Read moreEuropean startup funding halved to $42B in 2023, says Atomico
The downturn in the technology sector — dragged by inflation, higher interest rates and geopolitical events — continues to persist, and one of the most acutely impacted areas has been VC funding for startups, particularly those outside the U.S. According to VC firm Atomico, companies in Europe are on track
Read moreCradle’s AI-powered protein programming platform levels up with $24M in new funding
Biotech and AI startup Cradle is finding success with its generative approach to protein design, landing big customers and a hefty $24 million of new investment. The company exited stealth a little over a year ago, just as the hype around large language models was really heating up. Many AI
Read moreAmazon’s iRobot purchase sucks up formal competition concerns in EU
European Union regulators have sent Amazon a formal statement of objections setting out competition concerns over its proposed acquisition of robot vacuum maker, iRobot. The step does not confirm the EU will seek to block the deal but it shows antitrust regulators do remain concerned. It could therefore push Amazon
Read moreTerran Orbital sues former CTO who joined call for leadership shake-up
Terran Orbital is suing its former CTO, Austin Williams, a little over a month after he and other shareholders publicly called for a change in company leadership. Williams was a co-founder of satellite design and manufacturing company Tyvak Nano-Satellite Systems, which was acquired by Terran Orbital in 2014, and has
Read moreShein files confidentially to go public in the US
Singapore-based fast fashion platform Shein has confidentially planned to go public in the United States, according to multiple media reports. The Wall Street Journal broke the news earlier on Monday. Shein raised $2 billion at a $66 billion valuation earlier this year, but is expected to go public at a
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