Huobi Thailand will shut down its exchange permanently on July 1, according to an announcement posted on its website. This marks the exchange’s short-lived ambition in the Southeast Asian country where crypto adoption is flourishing. According to blockchain analysis company Chainalysis, Thailand has one of the world’s highest adoption rates of DeFi, or decentralized financial…
As Elon Musk addressed Twitter employees for the first time in an all-hands Q&A meeting, the Tesla and SpaceX CEO provided some more details about his plans for the social platform. When Musk first announced his bid to buy Twitter for $44 billion, he proposed the idea of “authenticating all humans” on Twitter. As we’re…
Firefly Aerospace is on the hunt for a new CEO, after it announced Wednesday that co-founder Tom Markusic is transitioning to Chief Technical Advisor and full-time board member. The leadership switch up comes just four months after private equity firm AE Industrial Partners (AEI) bought out Ukranian firm Noosphere Venture Partners’ significant stake in the…
Finout, a cost monitoring app for cloud software and platforms, today emerged from stealth with $18.5 million — a combination of a $14 million Series A funding round led by Team8 Capital and a $4.5 million seed round led by Pitango First. Co-founder and CEO Roi Ravhon said that the capital will be put toward…
Kenya-based Crossboundary Energy Access (CBEA), a mini-grid infrastructure fund, has raised $25 million from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund to back renewable energy projects across the continent. The CBEA, a subsidiary of the investment group Crossboundary, said in a statement that the new funding will unlock an…
A class action style lawsuit is being launched against Apple in the UK seeking damages worth a total of £768 million (circa $935M). The representative action is being filed by consumer rights campaigner, Justin Gutmann, citing competition law — with the suit accusing the mobile maker of abusing its market dominance to engage in exploitative…
Precision fermentation may be a food tech term that doesn’t put a pleasant taste in your mouth, but advances in the technology have investors increasingly ordering it from the menu and giving compliments to the chef. This technology — brewing food inside huge fermentation chambers — is not new. (If you are a beer connoisseur,…
Small and medium-sized businesses (SMBs) have for decades struggled with being able to offer their employees health insurance. Sana, a startup that wants to make offering health insurance plans more accessible to those businesses, has raised $60 million in a Series B funding round. Trust Ventures and Gigafund co-led the round, which brings the Austin,…
Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expansion, a spokesperson said in an email. At Niti…
Platform9, which bills itself as an “open distributed cloud company,” today announced that it closed a $26 million funding round led by Celesta Capital with participation from Cota Capital, NGP Capital and other investors. CEO Bhaskar Gorti said that the new cash will be used to drive Platform9’s go-to-market strategy and product research and development,…
