21 May, 2024
3 mins read

IQM Quantum Computing firm raises $46 Million

IQM, the popular computing technology organization/firm has raised 46 million dollars or 39 million euros from their prominent investors- MIG and Tencent. This has significantly leveraged its position in the entire industry. For the Finnish firm, this attempt was necessary to boost their production, profit, and renown. This firm was founded in the year 2018. […]

2 mins read

Western Digital Plans to increase Malaysian investment by $555 Million

Western Digital, one of the globally leading and renowned brands for data storage has mentioned its decision to increase the company’s investments in the country of Malaysia by a whopping amount of 2.3 billion ringgit or $554.6 million. This major decision was undertaken to leverage the manufacturing capability and production of the hard disc drives. […]

2 mins read

SoftBank acquired 9.7% Stake in Edu-game firm Kahoot!

Softbank has invested $216 million in Kahoot to assist the game-learning platform in financing accelerated growth through strategic partnerships and joint ventures. Softbank has considerable experience and expertise in managing software companies. Earlier, Softbank has invested in a European gaming startup Supercell and Unacademy, an Indian e-learning enterprise. Disney and Microsoft and Northzone and Creandum […]

2 mins read

Funds of Prominent Digital Marketing firm Sendinblue got Increased

A prominent digital marketing French firm Sendinblue has been on the upswing since its inception in 2012 by Armand Theberge. It was funded $33 million in 2017 sparking off an expansion in offices and employees. Sendinblue took over Newsletter2go and MailClark after the expansion of its business to the U.S. With offices in Toronto and […]

2 mins read

Reliance and General Atlantic signed a Deal

On September 30, 2020, Reliance Industries (RIL), one of India’s largest private enterprises received an investment of Rs. 3675 crores ($498.31 million) from global growth Investor General Atlantic Investments. The investment was for about 0.84% equity stake in Reliance Retail Ventures Ltd on a fully diluted basis. This was the second investment by General Atlantic […]

2 mins read

Snowflake IPO Raises 3.36 Billion Dollar in US Listing

Late Wednesday, Snowflake said that its initial public offering raised $3.36 billion (around Rs 24,711 crore) after its price was above the target range on the largest U.S. listing so far this year. The IPO, priced at $120 (approximately Rs 8,830) per share, values north of $30 billion (approximately Rs. 2, 20,606 crores) for the […]

3 mins read

Great Barrier Reef gets $379 million investment to combat coral die-offs

After series of bleaching events, agricultural runoffs, climate change, and coral-eating starfish collectively destroyed a huge chunk of the Great Barrier Reef in Australia, it has received an investment of half a million Australian dollars or $379million USD to prevent these catastrophic entities to cause further irreversible damage to the Australia’s biggest tourist spot and […]