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Alligator Bioscience, Orion Corp to co-develop antibody cancer therapies
The two firms announced an immune-oncology research collab and license agreement. The agreement includes the option of developing three bispecific antibodies. Swedish biotech company Alligator Bioscience announced a collaboration with Orion Corporation, a Finnish pharmaceutical firm, to di... Read More
Fintech startup Klub secures USD 20 Mn during a seed funding round
Klub, a financial technology startup that specializes in offering revenue-based financing, has reportedly secured USD 20 million during a seed funding round that was led by existing investors namely Sequoia Surge and 9Unicorns in a mix of debt and equity. This round also saw the participation of ... Read More
Gaming platform Zupee raises USD 30 million in a Series B funding
Zupee, a prominent company in skill-based gaming, recently announced to have raised USD 30 million at a valuation of USD 500 million during a Series B funding round. Tomales Bay Capital and Silicon Valley-based WestCap Group co-led the recent fundraising. The latest raise took place within 6 mont... Read More
New York City vaccination decree pose new challenges for restaurants
New York City will be the main U.S. metropolis to enforce vaccination requirements for eating indoors, presenting multiple challenges for the restaurant operators across the 5 boroughs. This move comes after the rising cases of the delta variant across the nation. The city is demanding proof of a... Read More
T-Mobile inspects claims of customer data breach affecting millions
Hackers selling the stolen data claim it potentially impacts around 100 million users. The compromised data consists of customer’s names, addresses, driver licenses, and social security numbers. With an increasing number of organizations facing cyberattacks, American wireless network... Read More
Bumble revenue surges with strong user growth amid Delta concerns
With the COVID-19 pandemic isolating people at homes, online dating application Bumble Inc. expects higher revenue in the current quarter as paying subscribers increased, which helped the dating app owner overcome hurdles created by the virus’ Delta strain. Last year, people alienated by lo... Read More
Social commerce platform Ping secures USD 3.5 million in seed funding
Ping, a Bengaluru-based conversational commerce platform, has reportedly secured USD 3.5 million during a seed funding round which was led by Elevation Capital. The company intends to use the fresh funds for strategic hiring, product development, and expanding its reach across India. For those un... Read More
Twenty20 Solutions and Skyhawk merge to offer on & off-grid security
Twenty20 Solutions, a leading provider of IIoT-based solutions delivering real-time security, has merged with Skyhawk Security, a diversified on-grid technology provider. Together, the companies will provide an all-in-one solution for on-grid and off-grid security as well as access requirements for ... Read More
Tesla imposes mask mandates in Nevada regardless of vaccination status
Tesla, Inc. has joined the bandwagon of reinforcing mask mandates amidst the resurgence of COVID-19 cases and the prevalence of the highly contagious Delta variant. The California-based company has reportedly reinforced the mask-wearing requirement at its Nevada Gigafactory in Reno, starting Monday.... Read More
Airbus warns of 1000 job cuts in Germany without parts unit spinoff
Airbus SE has warned that around 1000 jobs are at risk in Germany if its loss-making parts unit is not spun off, which is in line with the company’s cost reduction plans introduced back in April. Confirming the news with the trade unions, a spokesperson stated that the European multinationa... Read More