hong kong Hong Kong's New Security Law Brings Uncertainty to Tech Sector Hong Kong's newly enacted national security law creates a chilling effect for the local tech industry as entrepreneurs and investors face vague rules and potential data control challenges.
palantir Palantir Files for IPO After 17 Years of Secretive Growth Data mining giant Palantir publicly announces it has privately filed to go public after raising hundreds of millions in new capital. The company prepares for its market debut with a long, complex, and controversial history of government contracts.
palantir Data Analytics Firm Palantir Confidentially Files for Public Stock Offering Palantir Technologies takes a major step toward going public by confidentially filing for an IPO, potentially ending its long run as a highly valued private company.
robotics investments Robotics Sector Secures $1.9 Billion in Funding During July 2020 Robotics companies attract over $1.9 billion across 47 transactions in July 2020, showing steady investor interest despite the global pandemic. Autonomous vehicles lead the funding rounds, followed by drones and healthcare robots.
robotics Robotics Investments Reach $2.3 Billion in August 2020 Robotics funding defies the global economic downturn as 50 transactions total $2.3 billion in August 2020. Autonomous vehicles, industrial automation, and healthcare systems lead the way for eager investors.
ai AI Startups Raise Record $6.9 Billion in Q1 Before Pandemic Hits AI startups raise $6.9 billion in Q1 2020, outpacing the broader venture capital market. However, the coronavirus pandemic is expected to sharply slow this record-setting momentum.
waymo Waymo Secures $2.25 Billion to Expand Global Autonomous Fleet Alphabet's self-driving division raises a massive $2.25 billion in its first funding round, drawing investment from major financial and strategic partners. The capital aims to scale the Waymo Driver globally despite the company currently burning through roughly $1 billion annually.
alphabet Alphabet Veterans Raise $400 Million to Rebuild U.S. Infrastructure Two former Google executives launch Sidewalk Infrastructure Partners with $400 million in funding to modernize recycling, transit, and other critical systems. The new venture aims to solve intractable infrastructure problems using advanced technology.
startups Majority of Startups Face Severe Cash Shortages Amid Pandemic Layoffs A global survey reveals that nearly three-quarters of startups have reduced staff due to COVID-19, while 65% possess less than six months of operating cash. Venture capital funding drops significantly, leaving most young companies in a desperate fight for survival.
velo3d Velo3D Secures $28M to Expand 3D Printing Tech Used by SpaceX Velo3D raises $28 million to scale its metal 3D printing business, which currently supplies equipment to SpaceX. The funding aims to expand the company's product portfolio and push it toward profitability by mid-2022.
omers ventures OMERS Ventures Raises $750M Transatlantic Fund to Target Startups Across Two Continents OMERS Ventures consolidates its European and North American investment efforts into a single $750 million fund. The firm also adjusts its strategy to help portfolio companies navigate the COVID-19 pandemic with longer financial runways.
venture capital Venture Capitalists Spot Six New Investment Trends During COVID-19 Downturn Despite a significant drop in dealmaking, venture capitalists see a major opportunity to invest during the economic nadir of the COVID-19 pandemic. Massive reserves of dry powder remain ready for deployment into resilient early-stage startups.
zoom Zoom Faces Intense Security Scrutiny Amid Global Pandemic Boom Zoom experiences severe backlash as researchers uncover multiple security vulnerabilities and false encryption claims. Meanwhile, investors warn Indian startups of tough economic times ahead and Uber Eats expands grocery deliveries globally.
atrium Well-Funded Legal Tech Startup Atrium Shuts Down After Efficiency Failure Atrium, a California-based hybrid legal software and law firm, closes its doors and lays off over 100 employees after failing to outperform traditional law firms in efficiency.
paystand Paystand Secures $20 Million to Overhaul B2B Payments With Blockchain Paystand raises $20 million in a new funding round to accelerate the expansion of its blockchain-based B2B payment platform. The company aims to make corporate billing as simple as consumer apps while significantly reducing transaction fees.