From Tech Crunch: This year, more than ever before because of the COVID-19 pandemic, huge droves of workers and consumers have been turning to the internet to communicate, get things done and entertain themselves. That has created a huge bonanza for cybercriminals, but also companies that are building tools to combat them. In the latest[…]
From Crunchbase News Berlin-based SellerX, a new startup that aims to consolidate and grow promising smaller businesses that sell via Amazon’s platform, has raised $118 million in what is reportedly being called a seed funding round. Cherry Ventures, Felix Capital and TriplePoint Capital led the financing, which the company reportedly plans to use to roll up smaller businesses using Fullfilment by Amazon for[…]
Cloud computing represents a major shift from client server technology. In a cloudy world, any device can access the cloud. Theoretically, you can trade from your phone, tablet, or laptop. That’s because software is running on an array of computers in a data center, which is managed in real time. Computing power can be allocated between[…]
From Zero Hedge: DoorDash, the leading food-delivery app in the US, has just filed its IPO prospectus with the SEC Friday morning, revealing some shocking – though not entirely unexpected – details about its financials that should make prospective investors nervous. DoorDash reported $1.9 billion in revenue during the nine months prior to Sept. 9.[…]
From Market Watch: Ant Group, the Chinese financial-technology juggernaut, priced its initial public offering at HK$80 per share, the company said on Monday. Its shares will start trading on Nov. 5. That gives the company a market cap of HK$2.43 trillion ($310 billion), the company said. It’s also listing in Shanghai. See the filing/release: 2020102600165
From Zero Hedge: NASA has officially certified the first privately owned commercial spacecraft system capable of transporting humans to and from the International Space Station. In an announcement released on Tuesday, NASA said it “completed the signing of the Human Rating Certification Plan Tuesday for SpaceX’s crew transportation system after a thorough Flight Readiness Review ahead the agency’s SpaceX[…]
Summary Palantir did a direct listing, no road show, no cap raise. The company is focused on growing its business, not gaming the market. The numbers of Palantir’s business are very positive, it makes US$5 million average per client, and there are many more clients to be had. We believe that Palantir (NYSE:PLTR) is a buy and[…]
From Crunchbase News: Consumers are becoming more aware of their pets’ dietary requirements and overall health as they spend more time with furry (or nonfurry) companions during the pandemic. Edgard & Cooper, based in Belgium, is one of Europe’s pioneers in offering fresh pet food options and has raised 22 million euros (approx. $26 million)[…]
From Crunchbase News: While the nation awaits the results of the presidential election, lessons learned early in the year from the COVID-19 pandemic and the “new normal” it created could push the tech sector past any political uncertainty. “There is ‘scar tissue,’ if you will, from March, as it caused a lot of companies to[…]
From Zero Hedge: Not too long ago, NASA asked Tesla’s Elon Musk, who runs the rocket company SpaceX, to assist in a future space exploration mission of a giant metallic asteroid called “16 Psyche” that contains trillions of dollars in rare metals. 16 Psyche is one of the most massive objects in the asteroid belt orbiting between Mars[…]