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Apploi secures USD 25 Mn in Series B funding round led by m]x[v Capital
Apploi, a platform that assists firms in hiring healthcare staff has reportedly raised USD 25 million in a Series B round spearheaded by m]x[v Capital. The latest round also saw added participation from Defy and Underscore, now bringing the company’s total amount raised to USD 38 million. B... Read More
Meta pulls data center plans in the Netherlands over political conflict
Following political resistance, Facebook owner Meta Platforms Inc. has announced that it would be postponing its plans to build a massive data center in the Netherlands, due to political opposition. The decision comes one week after the Dutch Senate passed a circular requesting Prime Minister Mar... Read More
Classplus gets USD 70 Mn in fresh funds from Alpha Wave & Tiger Global
SaaS-based ed-tech startup Classplus has reportedly raised USD 70 million in Series D funding from asset management firm Alpha Wave Global and investment company Tiger Global Management LLC, bringing its valuation to USD 600 million, which is more than twice its worth from just 8 months ago. Furt... Read More
Barclays faces a USD 592 Mn loss on mishandled structured product sales
British multinational universal bank, Barclays has reportedly disclosed losses worth USD 592 million that were caused by mishandling of structured product sales and stated that these developments would delay a previously planned share buyback program. For the unversed, structured notes are compli... Read More
Temasek to join Mohalla Tech’s funding round at USD 5 Bn valuation
Mohalla Tech is in early talks for a Series H funding with Temasek Holdings and Times Internet Ltd. Google might also join the fundraiser. India's Mohalla Tech Pvt, the company that built ‘Moj’, a short video app and social media platform ShareChat is reportedly seeking to ... Read More
Occidental seeks to invest USD 1 billion in new clean energy facility
Occidental Petroleum Corp. has reportedly laid out plans to further its clean energy transition efforts, by investing USD 800 million and USD 1 billion on a plant that will eliminate carbon dioxide from the air. The proposed facility, which will become the largest direct air capture (DAC) project... Read More
Alphabet Inc.’s quantum computing arm Sandbox AQ becomes independent
Google’s parent Alphabet Inc. has reportedly spun off its quantum tech startup Sandbox AQ to make it independent, to offer quantum computing software and artificial intelligence (AI) services to its clients. Founded in 2016 by Chief Executive Officer Jack Hidary, Sandbox stemmed from its pa... Read More
Tesla's German Gigafactory begins production after several delays
The first batch of 30 Model Y automobiles built at Tesla's USD 5.5 billion worth Gruenheide plant has reportedly been delivered to its clients. The new unit marks the inauguration of Tesla’s first manufacturing hub on the European continent. The ceremony was attended by Tesla CEO, Elon ... Read More
Glenmark Pharma receives U.S. FDA approval for lacosamide tablets
Glenmark Pharmaceuticals Inc. has announced that the U.S. Food and Drug Administration has granted final authorization for its lacosamide tablets. For those unaware, lacosamide tablets are a generic substitute for Vimpat tablets, which are used to treat partial-onset seizures in adults as well as... Read More
US FDA approves new cancer immunotherapy treatment from Bristol Myers
Bristol-Myers Squibb Co. has announced that its first drug from a new portfolio of cancer immunotherapies has reportedly been approved as an initial treatment for advanced melanoma, which is known as the deadliest form of skin cancer. The firm expects the treatment to generate annual sales of mor... Read More