Inshorts, which operates a popular news aggregator app in India, has raised $35 million in a new financing round led by Lee Fixel’s Addition as the Indian startup looks to scale its adjacent, social network platform.
For Fixel, who wrote several high-profile checks to Indian firms while running Tiger Global, InShorts is the first Indian startup he is backing from his new VC firm. Fixel, who also invested in InShorts when he was at Tiger Global, has backed about six startups through Addition including New York Area-headquartered Odeko, which offers ordering and supply chain tools to cafes, Synk, which develops tools used to identify vulnerabilities, and dLocal, which operates a cross-border payment processor to connect global merchants to emerging markets.
SIG Global and Tanglin Venture Partners, also participated in Inshorts’ new round, which values the startup at about $125 million, a person familiar with the matter told TechCrunch.
TOKYO (AP) – Asian shares were mixed Friday following a selloff of technology shares on Wall Street.
Japan’s benchmark Nikkei 225 recouped early losses to rise 0.3% in morning trading to 23,310.94. South Korea’s Kospi dropped 0.8% to 2,377.92, while Australia’s S&P;/ASX 200 lost 0.8% to 5,860.50. Hong Kong’s Hang Seng gained 0.3% to 24,394.06, while the Shanghai Composite slipped 0.2% to 3,228.01.
Shares were lower in Taiwan and Southeast Asia.
Analysts say investors are preoccupied with the coronavirus pandemic and hopes for development of a safe, effective vaccine.
While Big Tech is benefiting from the shift to online life that the pandemic and ensuing stay-at-home economy has accelerated, critics said their stocks prices have surged too high.
“Big tech stocks might have seemed like safe havens, but they have found themselves at the center of a brutal sell-off,” said Stephen Innes, chief global market strategist at AxiCorp.
Quantum technologies—simulators and computers specifically—have the potential to revolutionize the 21st century, from improved national defense systems to drug discovery to more powerful sensors and communication networks.
But the field still needs to make major advances before quantum computing can surpass existing tools to process information and live up to its promise.
A multidisciplinary research team led by Columbia University is in a position to bring quantum technology out of the lab into real-world applications.
The team has received a $1 million National Science Foundation (NSF) Convergence Accelerator award to build a quantum simulator, a device that can solve problems that are difficult to simulate on classical computers. The project includes
(Reuters) – Wall Street’s main indexes rose on Friday, led by technology-related stocks, but were still on track for their longest weekly losing streak in a year as fears about the coronavirus’ impact on the economy dented investor sentiment.
Shares of tech mega-caps including Facebook Inc FB.O, Alphabet Inc GOOGL.O, Amazon.com Inc AMZN.O, Apple Inc AAPL.O and Netflix Inc NFLX.O, which tend to outperform during economic uncertainty, climbed between 0.5% and 2.3%.
The information technology index .SPLRCT jumped another 1.4% as investors ditched value-linked stocks .IVX on signs of a slowdown in the broader economic recovery.
Acquires intellectual property and other select assets of Truss, a top PropTech company
TORONTO, Sept. 22, 2020 /PRNewswire/ – Mark Rose, Chair and CEO of Avison Young, today announced the firm has acquired the intellectual property and other select assets of Truss, a leading PropTech company. In addition to Truss’ IP, Avison Young welcomes a talented and experienced group of software engineers, data scientists, digital analysts and brokers to its team. The acquisition further expands Avison Young’s investment in technology, innovation and flexible office solutions to drive digital tools and services across the board for our clients.
“PropTech isn’t a stand-alone for us, we’re completely focused on integrating it into the entire suite of services and solutions our people use to deliver insights and competitive advantage for our clients,” said Rose. “What excites me is not just the leading technology we are getting here, but the deep talent that