Category: TC
Graphcore, the AI chipmaker, raises another $150M at a $1.95B valuation
The UK has a strong history when it comes to chips and processors, but the global chip market has seen some ups and downs of late. Today comes some big news that underscores how investors are doubling down on one of the big hopefuls for the next generation of chipmaking…
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Revolut raises $500 million at $5.5 billion valuation
Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 million in total. Some existing investors are also participating in today’s funding round, but Revolut isn’t…
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VC firm Oxx says SaaS startups should avoid high-risk growth models
‘The companies that best meet their customers’ needs always end up winning’ Steve O’Hear @sohear / 8 hours Oxx, a European venture capital firm co-founded by Richard Anton and Mikael Johnsson, this month announced the closing of its debut fund of $133 million to back “Europe’s most promising SaaS companies”…
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Forensic Architecture redeploys surveillance state tech to combat state-sponsored violence
The specter of constant surveillance hangs over all of us in ways we don’t even fully understand, but it is also possible to turn the tools of the watchers against them. Forensic Architecture is exhibiting several long-term projects at the Museum of Art and Design in Miami that use the…
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Mirantis co-founder launches FreedomFi to bring private LTE networks to enterprises
Boris Renski, the co-founder of Mirantis, one of the earliest and best-funded players in the OpenStack space a few years ago (which then mostly pivoted to Kubernetes and DevOps), has left his role as CMO to focus his efforts on a new startup: FreedomFi. The new company brings together open-source…
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Venmo prototypes a debit card for teenagers
Allowance is going digital. Venmo has been spotted prototyping a new feature that would allow adult users to create a debit card connected to their account for their teenage children. That could potentially let parents set spending notifications and limits while giving kids more flexibility in urgent situations than a…
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