Layers of security in blockchain
Overview The concept of blockchain has been around since the 1990s, however, it only got popular after the introduction of Bitcoin in 2008. Further, even a simple explanation of how blockchains work might contain technical jargons making it difficult to digest the concept. Blockchains are almost always associated with cryptocurrencies, however, their application is not limited to them. Today many businesses...
Deloitte Canada acquires Groundswell Group
Deloitte Canada has acquired Calgary-based artificial intelligence (AI) and data integration firm Groundswell Group in April 2021. As per the deal, Groundswell’s 133-person team will join Deloitte’s Canadian consulting practice, under Omnia AI. Groundswell will also continue to serve customers in Western Canada. About Groundswell Group Groundswell was founded in 2001. The company provides multiple services to help its clients capitalize on...
7 Reasons to Take Your Startup Global
Are you an entrepreneur catering to a huge domestic market? Do you think it is huge enough for you to achieve your aspirations for your startup? I am sure it isn’t. For growth-minded and passionate entrepreneurs out there, the world is their oyster. Seeking international growth by going global as an importer-exporter offers plenty of opportunities. But dare I...
US-based Inbox Health raises US$ 15M in Series A funding
US-based billing software startup for patients, Inbox Health raised US$ 15 million in series A funding on 5 April 2021. Investors: The funding round was led by early-stage investor Commerce Ventures. Other participants include new and existing investors, including venture firms Vertical Venture Partners, Healthy Ventures, Collaborative Fund, Fairview Capital, CT Innovations, and I2BF Global Ventures, as well as several...
Oye Rickshaw secures INR 24 crores in funding
New Delhi, India-based electric vehicle energy solutions startup, Oye Rickshaw announced in April 2021 that it has secured INR 24 crore from Mumbai-based Alteria Capital. The startup will use the proceeds from the funding round to expand its smart lithium-ion batteries swapping stations across India. About the startup Oye Rickshaw has 15 active battery swapping stations which it plans to expand to...
Friz bags undisclosed amount in seed funding
Singapore-based fintech startup, Friz announced in April 2021 that it has bagged an undisclosed amount in a pre-seed funding round from Y Combinator, 500 Durians, 500 TukTuks, Iterative VC and other renowned angel investors. The startup will use the proceeds from the funding round to expand its engineering and marketing teams, as well as to expand into regions such as...
Japanese company Olive Union raises US $ 7 million in Series B
Olive Union, a producer of smart hearing aid solutions targeted towards the prevention of hearing loss, announced on 5th April 2021that it has raised US $ 7 million in its Series B funding round. The round was co-led by Japan Finance, Bonds Investment Group and Beyond Next Ventures. Investors: Japan Finance is a Tokyo, Japan, based public corporation wholly owned...
Saudi based startup Quantum Platform secures US $ 2.6 million
Quantum Platform, a Saudi based startup that provides a one-stop marketplace to acquire new customers, announced on 4th April 2021 that it has raised US $ 2.6 million in seed funding round. The round was co-led by Vision Ventures and Tech Invest Com along with participation from 500 Startups. Investors: Vision Ventures is a Saudi Arabia based investment firm that...
VW and Ford-backed Self-Driving startup Argo AI to go public this year
US-based Argo AI, a self-driving technology startup backed by Ford Motor Co. and Volkswagen AG, is considering going public in 2021. The company is looking forward to boosting its funding as it comes closer to commercializing its self-driving technology. Argo is yet to figure out the specifics of the IPO with its automotive partners about whether it will be a...
Social media analytics startup Circus Social raises US$ 1M
Singapore-based Social media analytics startup, Circus Social raised US$ 1 million in a pre-Series A funding round on 3 April 2021. Investors: The funding round was led by Inflection Point Ventures. Other participants included Ganesh Mohan, head of strategy, Bajaj Finserv; Samit Shetty, chief executive officer, Navi FinServe Pvt. Ltd; Royston Tay and Kwok Yang Bin, co-founders of Zopim and...
