Turkey’s first decacorn: Trendyol raises $1.5B at a $16.5B valuation
Trendyol, an e-commerce platform based in Turkey, has raised $1.5 billion in a massive funding round that values the company at $16.5 billion. General Atlantic, SoftBank Vision Fund 2, Princeville Capital and sovereign wealth funds, ADQ (UAE) and Qat.....»»
Webb Protocol raises $7 million to build interoperable privacy in Web3
Webb Protocol raised $7 million in a seed funding round co-led by Polychain and Lemniscap, with participation from Zeeprime, CMS Holdings among others. The funding will go towards growing Webb’s staff base, accelerating the development of innov.....»»
Impressive iPhone sales in emerging markets come as a woe to Qualcomm, MediaTek
Apple has turned out to be the only brand handset vendor with positive revenue growth in the first quarter of 2023, mainly driven by rapidly rising market shares for iPhones in emerging countries such as India, Indonesia, and Turkey. This means a maj.....»»
HUB Security raises up to $16 million to fuel technology development
HUB Security entered into an agreement for up to $16 million in gross proceeds from Lind Global Asset Management VI LLC, an investment entity managed by The Lind Partners, a New York based institutional fund manager (together, “Lind”). Th.....»»
India EV-only Uber rival raises $42 million in BP-led round
BluSmart Mobility, an Indian ride-hailing startup that uses only electric vehicles, has raised $42 million as it intensifies its battle against the two dominant operators, Uber Technologies Inc. and Ola Cabs......»»
Apple raises component procurements for iPads, but not yet for MacBooks
Apple's inventory correction for iPads is expected to reach an end soon thanks to a major improvement in orders from Apple for high-end iPads in April; however, this may not be true for Apple's notebook products as MacBooks' shipments have remained f.....»»
Unionized Apple Store seeks pay raises, customer tips
The Towson, Maryland Apple Store that unionized is entering negotiations again, with workers seeking the ability to accept customer tips.Apple still hasn't updated this aging image of TowsonApple Towson Town Center in Maryland was the first Apple Sto.....»»
Chinese semiconductor investment continues to cool down, says market research firm
China's semiconductor investment landscape continues to cool down, returning to a normality where investors have become more discreet and valuation is more driven by rationality, according to China-based market research firm JW Insights......»»
AI startup Pinecone raises $100 million as vector database market for LLMs heats up
Vector database leader Pinecone announced today that it has raised $100 million at a $750 million valuation, led by Andreessen Horowitz. Vector database leader Pinecone announced today that it has raised $100 million at a $750 million valuation,.....»»
Password reset woes could cost FTSE 100 companies $156 million each month
Password resets could unnecessarily cost FTSE 100 businesses over $156 million every month, according to MyCena Security Solutions. This raises the question of the necessity of password resets, at a time when organisations must identify cost savings.....»»
Rivalry raises $7.3M to drive growth, sets quarterly revenue record
Esports focused betting platform Rivalry reported major financial wins for FY2022 and Q1 2023, alongside $7.3M of new funding. Esports focused betting platform Rivalry reported major financial wins for FY2022 and Q1 2023, alongside $7.3M of new f.....»»
GM raises 2023 guidance, adding Samsung SDI as battery partner
General Motors is expecting a strong 2023. It raised its whole-year guidance on April 25 after finishing the first quarter with US$3.8 billion of adjusted EBIT. In addition, the automaker said it will build its fourth battery plant in the US with Sam.....»»
NetRise raises $8 million to advance XIoT security technology
NetRise announced $8 million in funding, led by Squadra Ventures, with participation by existing major investors Miramar Digital Ventures, Sorenson Ventures and DNX Ventures. NetRise has developed a cloud-based SaaS platform that analyzes and continu.....»»
Woodoo raises $31M to use discarded wood as a construction material
Woodoo has raised $31 million to use discarded wood as an an alternative material for construction. Woodoo has raised $31 million to use discarded wood as an an alternative material for construction.Read More.....»»
Katmai raises $22M for a new take on the metaverse with 3D virtual office
Katmai has raised $22 million for its ew take on remote work with a new 3D virtual office platform. Katmai has raised $22 million for its ew take on remote work with a new 3D virtual office platform.Read More.....»»
Tesla raises capex for 2023, ushers in EV production and price war
Tesla plans to scale up its capital expenditure in 2023 to ramp up production and product launch following its CEO Elon Musk's stated intention to continue the EV price war, pitting itself against BYD, the largest NEV brand by volume, in rising compe.....»»
Elon Musk pins hopes on full self-driving as Tesla"s next profit driver
Some analysts and investors worry that Tesla's industry-leading market valuation is threatened by factors including price cuts that have undermined its margins, delays in rolling out new models and revisions to its full self-driving software. .....»»
Coro raises $75M for all-in-one platform to tackle SOC complexity
Coro announces it has raised $75 million for an all-in-one cybersecurity platform designed to address SOC complexity. Coro announces it has raised $75 million for an all-in-one cybersecurity platform designed to address SOC complexity.Read More.....»»
Vice Ventures raises $25M to fund startups in ‘bad’ industries
Vice Ventures has closed a $25 million second fund to finance "bad" industries that cater to human vices. Vice Ventures has closed a $25 million second fund to finance "bad" industries that cater to human vices.Read More.....»»
Fletch raises $12.5 million for NLP engine to scan cyber threat landscape
AI cybersecurity vendor Fletch announces it has raised $12.5 million in funding to scan the threat landscape. AI cybersecurity vendor Fletch announces it has raised $12.5 million in funding to scan the threat landscape.Read More.....»»
Turkey"s next quake: Research shows where, how bad—but not "when"
Researchers know a lot about Turkey's next major earthquake. They can pinpoint the probable epicenter, estimate its strength and see the spatial footprint of where damage is most likely to occur......»»