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Funding and finance
The latest technology funding news from around the world. Verdict covers all of the need-to-know funding news in technology, from key startup funding rounds to large-scale mergers and acquisitions. Company funding and deals are transforming the business landscape of technology, and Verdict is charting the changes.
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16 Sep
Adobe reports record Q3 revenue as subscriptions hit $3bn
Creative software giant Adobe has reported record Q3 revenue in an earnings beat fuelled by demand for its Digital Media business and solid subscription growth.
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15 Sep
Sternum nets $6.5m funding to bring cybersecurity to IoT
Internet of things (IoT) cybersecurity startup Sternum has today announced that it has raised $6.5m in a Series A funding round.
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14 Sep
TikTok expected to partner with Oracle after ByteDance rejects Microsoft bid
Oracle and TikTok will reportedly become “technology partners” in the US after Chinese owner ByteDance rejected an offer from Microsoft to acquire the video-sharing app’s US operations.
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14 Sep
Nvidia buys Arm from SoftBank for $40bn in key AI bid
American hardware giant Nvidia is to buy UK chipmaker Arm from Japanese technology major SoftBank for $40bn.
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11 Sep
Oracle Q1 results: Solid cloud sales drive return to growth
Enterprise tech giant Oracle returned to growth in its fiscal 2021 Q1 results after the pandemic caused sales to slump in the previous quarter.
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11 Sep
Meat-Tech acquisition brings lab-grown meat closer to reality
Meat-Tech 3D, an Israeli company developing lab-grown, bioprinted meat, has announced that it is acquiring an unnamed company to aid its goal of producing cruelty-free meat for mass consumption.
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10 Sep
Connexin raises £80m funding to advance UK smart cities
Connexin, a smart city operator based in Hull, the UK, has announced that it has raised £80m funding to build its presence in the country’s internet of things (IoT) and smart infrastructure sector.
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9 Sep
Slack narrows losses with steady Q2 growth
Work communications app Slack has reported steady second-quarter growth, with solid gains in paying subscribers and narrowing overall losses.
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7 Sep
Investcorp backs Chinese AI city provider Terminus Technologies
Alternative investment product provider Investcorp has today announced that it has invested in Terminus Technologies, a provider of artificial intelligence (AI) city and internet of things (IoT) technologies.
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4 Sep
Broadcom’s “solid” Q3 results see revenues grow 5.6%
Semiconductor company Broadcom has reported steady Q3 results, with revenue of $5.82bn marking a 5.6% year-over-year rise.
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4 Sep
Just East Grubhub acquisition receives decisive green light from regulators
The acquisition of US food delivery startup Grubhub by European giant Just Eat Takeaway has today received all regulatory approvals to proceed.
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3 Sep
Demodesk scoops $8m to fund meeting software for remote sales teams
Demodesk, a Munich-based startup that proves online meeting software for sales teams, has raised $8m in a Series A funding round.
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3 Sep
Subscription rise fuels CrowdStrike Q2 revenue beat
CrowdStrike has reported an earnings and revenue beat in its second-quarter results as the cybersecurity company benefited from a rise in subscriptions and strong demand for endpoint protection among remote workforces.
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3 Sep
Healthtech uMotif nets £5m funding to transform clinical trials
Startup uMotif has raised £5m in a Series A funding round to speed up the clinical trials process by introducing a decentralised model.
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2 Sep
NerdWallet acquires Know Your Money to bring financial guidance to UK
US-based consumer financial advice app NerdWallet has today announced plans to acquire UK price comparison site Know Your Money, as part of a bid to move into the UK market.
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1 Sep
Zoom Q2 revenue skyrockets 355% as it obliterates expectations
Video communications platform Zoom has continued its meteoric pandemic growth, reporting second-quarter revenues of $663.5m – a 355% year-over-year increase.
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28 Aug
Dell Q2 results: Education sector sales a bright spot in revenue slump
Dell Technologies has posted a year-on-year revenue decline in its fiscal second-quarter results, but saw a jump in orders for education technology solutions.
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27 Aug
Box Q2 earnings surge beyond expectations as cloud use booms
Cloud storage company Box has announced its Q2 earnings results for fiscal year 2021, reporting strong growth and beating analyst expectations.
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26 Aug
Strong Salesforce Q2 results shows pandemic resilience
Customer relationship management software provider Salesforce has reported strong second-quarter results, with revenues of $5.15bn.
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25 Aug
Supermetrics nets €40m to bring data warehousing to marketing
Finnish martech company Supermetrics has announced that it has raised €40m in a Series B funding round to expand into data warehousing and grow use of its products globally.
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21 Aug
Alibaba reports Q1 revenue of $21.8bn in earnings beat
Chinese ecommerce giant Alibaba has reported revenue of $21.76bn, a 34% year-on-year increase, as the pandemic’s stay at home measures fuelled demand for online shopping.
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21 Aug
Quuppa raises €20m funding to drive RTLS growth amid rise of industry 4.0
Finnish company Quuppa has announced that it has raised its first ever funding round, generating €20m to accelerate growth as the pandemic and rise of industry 4.0 boost demand for its real-time locating systems (RTLS) technologies.
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20 Aug
Nvidia Q2 results: Data centre revenues soar by 167%
Sales of Nvidia’s data centre technology soared by 167% from a year ago as the chipmaker capitalised on strong demand for graphics processing units (GPUs) during Q2.
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20 Aug
Apheris nets €2.5m funding to enhance privacy in data sharing
Data privacy startup Apheris has announced that is has raised €2.5m in a seed funding round that attracted investment from key names in technology.
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19 Aug
Apple becomes first to hit $2 trillion market cap
Apple has become the first publicly traded US company to reach a $2 trillion market cap.
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18 Aug
Cyware raises $10m funding to transform cybersecurity ecosystem amid remote working surge
Cybersecurity startup Cyware has announced that it has raised $10m in a Series A funding round to expand amid growing demand for its automated threat intelligence and response product due to the Covid-19 pandemic.
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18 Aug
Claimsforce nets €7m funding to disrupt insurance claims
German insurtech Claimsforce has today announced that it has raised €7m in Series A funding to expand its disruption of the insurance claims process.
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17 Aug
JD.com Q2 results show soaring demand for online goods in China
Demand for online shopping in China during the pandemic saw Chinese ecommerce giant JD.com’s revenues soar to $28.5bn for the second quarter, up 33.8% from a year ago.
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17 Aug
Movewise funding brings total raised by proptech startup to £1.1m
Movewise, a proptech startup that helps vendors sell properties, has announced that it has raised £600,000 in a funding round, bringing its total investment to £1.1m.
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17 Aug
Akemona puts business funding on the blockchain with SEC approval
Digital securities company Akemona has become the first company to be regulated by the US Securities and Exchange Commission (SEC) for a smart contract-based funding portal built on blockchain technology.