Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $ 400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and...
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November 13, 2019 albert
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Software development companies tackling services for niche industries, like commercial real estate subcontracting, continue to find Los Angeles to be fertile ground for development. The latest company to raise funding from a clutch of investors is BuildOps, which raised $ 5.8 million in seed financing...
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November 2, 2019 albert
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Pensando, an edge computing startup founded by former Cisco engineers, came out of stealth mode today with an announcement that it has raised a $ 145 million Series C. The company’s software and hardware technology, created to give data centers more of the flexibility of...
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October 17, 2019 albert
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Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. Step one was hiring away Jon Korngold from...
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September 21, 2019 albert
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Cannalysis, a testing company for cannabis, has raised $ 22.6 million in a new round of financing as it prepares to bring a new test for vaping additives to the market. The test, which the company is preparing to unveil later this week, will test...
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September 19, 2019 albert
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The Bugatti Centodieci is the French automaker’s most powerful supercar yet — coming in a skosh above the Chiron at 1,600 horsepower. But it’s not just the power — or the $ 8.9 million price tag — that makes the Centodieci stand out. The angular...
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August 19, 2019 albert
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In the risk-filled world of cryptocurrency, “sorry for your loss” has a very specific meaning. In the case of Canadian crypto-exchange QuadrigaCX, it’s become a rather grim double entendre. The exchange’s founder, 30-year-old Gerald Cotten, died unexpectedly in December 2018. According to a Jan. 31...
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February 1, 2019 albert
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Darkstore, a technology-driven fulfillment solution for companies like Nike and others, has raised a $ 7.5 million Series A round. With the additional funding in hand, Darkstore plans to expand its fulfillment center into more categories. Currently, Darkstore fulfills products for brands in the areas...
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January 29, 2019 albert
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Brace yourselves: The GDPR fines are coming. France’s National Data Protection Commission (CNIL) has fined Google 50 million euros ($ 56.8 million) for breaching the European Union’s General Data Protection Regulation (GDPR) rules, the regulator announced on Monday. SEE ALSO: GDPR transformed the internet in...
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January 22, 2019 albert
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Fossil Google is an ad company at heart but has been focusing on its hardware game more and more as of late. Today Fossil announced plans to sell its smartwatch tech to Google for a cool $ 40 million. While details of the sale are...
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January 18, 2019 albert
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