Funding
EIB Lends EUR 20M to Swedish Cybersecurity Specialist Clavister
The EIB and Clavister have signed a EUR 20 million financing agreement which will help the company to develop advanced cybersecurity software and hire new computer experts. The agreement was made poss...
Abu Dhabi Fund for Development to Finance 26 Strategic Projects in Bahrain
A technical delegation from Abu Dhabi Fund for Development (ADFD) visited the Kingdom of Bahrain to review the progress of the development projects financed by the Fund in the country. The projects ar...
Imagimob Secures €400K in Funding for Edge AI Research in Farming
Imagimob has received €400k in funding for Edge AI research in farming. Imagimob will use the funding to further strengthen and customise its Edge AI technology for specific requirements and challenge...
Altran Group Acquires Aricent in an All-Cash $2 Billion Deal
Altran, a leading Engineering and R&D services (ER&D) provider, has entered into a definitive agreement to acquire Aricent, a leading provider of design and engineering services, for a total v...
Xiaomi Planning an IPO at $50 Billion Valuation
Xiaomi is reportedly in talks with investment banks regarding a potential IPO in Hong Kong in 2018. During the IPO, the company is reportedly seeking a $50 billion valuation. Industry experts suggest ...
Graphcore Secures $50 Million from Sequoia Capital
The Bristol-based AI startup Graphcore has today announced a $50 million Series C funding round led by Sequoia Capital. The fast-growing machine intelligence company prepares to ship its first Intelli...
Uber to Sell a Large Chunk of Stake to Softbank
Uber has struck a deal that could lead to a huge investment by a consortium led by Japanese conglomerate Softbank and San Francisco group Dragoneer. The size of the potential investment has not been d...
Razer Raises $528M in Hong Kong IPO
Razer shares commenced trading on the Hong Kong stock exchange in one of Southeast Asia’s most highly anticipated tech company IPOs. The gaming peripherals maker – currently based in the US, but with ...
China Literature Raises Around $1B in its IPO
A Tencent-backed Chinese ebook publisher just had a smashing first day as a public company. Called China Literature, the company raised around $1 billion in its IPO. The company was founded in March 2...