Tag Archives: funding

The OpenInfra Foundation, the open-source foundation that used to be the OpenStack Foundation until it expanded its scope beyond its flagship project a few years ago, today announced an interesting new way for companies to fund open-source projects inside the foundation. Traditionally, corporate members of open-source foundations support the organization by paying a membership fee, which, for the most part, the foundations then distribute as they see fit. Now, with its new ‘Directed Funding’… Source link

ShareChat logos are seen in this illustration taken, July 26, 2021. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register NEW DELHI, May 30 (Reuters) – The parent company of India’s ShareChat has raised nearly $300 million in fresh funding from Alphabet Inc’s (GOOGL.O) Google, media giant Times Group and Singapore’s Temasek Holdings, valuing the social media firm at nearly $5 billion, two sources involved in the deal discussions told Reuters. A… Source link

India has 100 unicorns now. The Bengaluru-headquartered neobank Open entered the coveted club on Monday with a new funding round, it said. The five-year-old startup did not disclose the size of its Series D funding, but a source familiar with the matter said it’s $50 million. The new round, which valued Open at $1 billion, was led by Mumbai-headquartered investment firm IIFL, the two said. Existing backers Tiger Global, Temasek and 3one4 Capital also participated… Source link

Huang Yu-ting made waves at the Beijing Olympics for wearing a China uniform. (Photo by Elsa/Getty Images) Taiwan will cut two years worth of funding for speed skater Huang Yu-ting after she was pictured wearing a China uniform prior to last month’s Beijing Olympics. Taiwan’s Sports Administration released a statement on Thursday, saying the decision was made based on “Huang Yu-ting’s repeated controversial words and deeds during the preparation and participation in the Beijing Winter… Source link

Nigeria is looking to Europe for funding to complete infrastructure projects such as railways, with a senior official in the West African nation saying Chinese loans are drying up. Analysts say Nigeria’s situation reflects a broader Chinese move away from funding these expensive projects in Africa, where China has provided hundreds of billions of dollars in loans to develop infrastructure as part of its Belt and Road Initiative. Last weekend, Transport Minister Rotimi Amaechi told Nigerian… Source link

Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) as well as existing investors Tiger Global and 3one4 Capital participated in it. The new round, which brings the four-year-old startup’s… Source link

Byteboard, a service designed to replace the pre-onsite technical interview part of a company’s hiring process with a web-based alternative, will be spinning out of Google, TechCrunch learned and Google confirmed. The product was originally incubated as part of the company’s internal R&D lab known as Area 120, where it’s been led by CEO Sargun Kaur. With this move, Byteboard will be the first Area 120 project to exit Google and become its own standalone company. But Google notes… Source link

Sept 27 (Reuters) – Phiar, a startup aiming to enhance in-car navigation systems by overlaying directions on real-time video, announced on Monday that Google’s head of Android automotive platforms joined as chief executive and State Farm Ventures led a $12 million funding round. Incoming CEO Gene Karshenboym said other new investors include mapping company Telenav, which was taken private by its co-founder in February, and SoftBank Vision Fund-backed driving analytics app developer Cambridge… Source link

By Ben Klayman DETROIT (Reuters) -Electric car startup Rivian said on Friday it has closed a $2.5 billion fundraising round led by investors Amazon.com Inc , Ford Motor Co and T. Rowe Price. The announcement came the day after the California-based company said it was exploring building a second U.S. assembly plant. Reuters, citing unnamed sources, reported on Thursday that Rivian’s planned plant, dubbed “Project Tera,” will include battery cell production. “As we near the start of vehicle… Source link

Davis acknowledged in a statement to POLITICO that Google’s outside attorneys were among the “many law firms, lobby shops, corporations and other entities” he spoke to after leaving the Senate Judiciary Committee, where he had been chief counsel for nominations to Chair Chuck Grassley (R-Iowa) until 2019. But Davis added: “It didn’t go anywhere. And that was back before we knew how bad Google really was.” “Thank God I didn’t work with Google,” he said. “I dodged a… Source link