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The details of the IPO have not been disclosed, but if Hesai proceeds with all the steps on time, it might be the first Chinese company to launch an IPO in the US this year. Hesai Technology, the Chinese leader in lidar technology for autonomous driving and ADAS, is planning to
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Tech mainstay Microsoft looks to invest a substantial sum in Gatik to facilitate its self-driving ambitions further.Microsoft Corporation (NASDAQ: MSFT) is reportedly planning to invest $10 million in California-based autonomous driving startup Gatik. According to inside sources, the computer software giant is already in advanced talks with Gatik as part of
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The proof-of-stake (PoS) blockchain Axelar launched on Dec. 19 a $60 million startup funding program dedicated to accelerating the development of decentralized applications and protocols that can replace centralized exchanges. The initiative is backed by over 15 blockchain investors.Dubbed Axelar Ecosystem Startup Funding Program, the initiative was designed to foster
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Just a month after the controversial fall of Sam Bankman-Fried’s FTX exchange and 130 affiliated companies, a former high-ranking executive is reportedly seeking out investors to launch a crypto startup.The ex-president of FTX US, Brett Harrison, is on the lookout for $6 million in funding to launch a start-up that
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Former FTX US President Is Seeking Funds for Crypto Startup: Report Source
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GoTo is the worst large tech IPO of 2022 after plunging for 10 consecutive sessions amid the global selloff.GoTo is the worst of the largest tech Initial Publis Offerings (IPO) this year, according to reports. The shares of the Indonesian startup plunged for 10 consecutive sessions as fears regarding an expiring lock-up
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Kiln, a startup that allows customers to receive rewards for helping secure the Ethereum blockchain, raised 17 million euros ($17.6 million) in a Series A funding round from a group of investors including Consensys, GSR Ventures and Kraken's venture capital arm. Original Source
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Established in 2020, Foresight Ventures has invested in Web3, non-fungible token, gaming and decentralized finance (DeFi) projects. Last year, AUM increased to $400 million from $80 million following FV's acquisitions of BitKeep, a multi-chain digital wallet in Asia, and Singapore-based exchange and trading platform, BitGet. Source
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The financing was a combination of senior debt and equity capital and included some returning investors such as Kestrel 0x1 as well as new ones, including Shima Capital, the company said in a statement. The startup has also bought Hydrokraft AS, a renewable energy-based data center in Norway, without disclosing
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Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off some employees allows the company to focus on building a more decentralized crypto
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