Foxconn invests US$82 million to build Zhengzhou electric vehicle battery factory
Foxconn's electric vehicle battery factory will be located near Zhengzhou's largest iPhone production base.
Binance, Kraken lead stablecoin issuer Usual’s $10 million funding round
Launched in early 2024, Usual offers a stablecoin called USD0.
Boomi acquires Israeli artificial intelligence data startup Rivery for $100 million
The deal enhances Boomi's data integration with Rivery's artificial intelligence-driven software.
Israeli data analytics firm acquires Aporia for $50 million
Coralogix raised $238 million to invest in artificial intelligence research to address issues of transparency, control, and fairness in artificial intelligence.
MicroStrategy purchased 5,262 Bitcoins for $561 million
MicroStrategy holds a total of 444,262 Bitcoins worth over $40 billion.
Japan’s Metaplanet acquires 619 Bitcoins for $60.6 million
Metaplanet last week raised $60.6 million in two rounds of debt financing for acquisitions
Israeli artificial intelligence drone company wins $8.8 million Pentagon contract
The precision strike system is the first drone approved by the Pentagon for indoor and outdoor deployment.
Accel raises nearly $650 million to invest in pre-IPO startups
The fund will support startups such as Zetwerk, Captain Fresh and Urban Company, all of which are targeting IPOs in 2025.
Indian semiconductor company Mindgrove receives US$8 million in Series A financing
Mindgrove also received $1.8 million under the Indian government's Design-Linked Incentive (DLI) program to support chip development.
Indian wealth technology start-up Univest receives US$10 million in Series A financing
The funds will be used to develop mobile applications for retail investors.
Employment Hero acquires another of co-founder's companies for $43.4 million
The acquisition is expected to close in April 2024, as stated in a recent regulatory filing.
Indian edtech startup raises $4 million in seed funding for AI-powered tutoring
The funding was led by Zomato founder Deepinder Goyal and Zerodha co-founder Nithin Kamath, among others.
Indonesian billionaire Mochtar Riady’s OUE REIT to sell Chinese properties for US$264 million
Once the divestment of Shanghai Lippo Plaza is completed, OUE REIT’s entire investment portfolio will be … [+] Located in Singapore, it includes the 1,080-room Hilton Singapore Orchard. Provided by Hilton OUE
The U.S. awards Samsung more than $470 million through the CHIPS Act
The United States has become the only country to host the manufacturing plants of five of the world's major semiconductor manufacturers.
Israeli fintech company acquired by Italian company for $150 million
Morning was originally founded in 2011 as “Green Invoice”.
Australian Vault Cloud’s Series B financing raised US$14 million net
The funding will help Vault Cloud develop AUKUS cloud capabilities, artificial intelligence-enhanced security and expand its cloud platform.
Saudi Arabian artificial intelligence infrastructure company OmniOps receives $8 million in financing
The funding round was led by GMS Capital Ventures and will be used to expand operations and improve the country’s R&D and artificial intelligence infrastructure.
Lebanon's Nasdaq-listed music streaming platform nets $55 million
The financing follows Anghami’s strategic partnership with UAE-based OSN Group in April 2024.
UAE-based banking startup Web3 raises $25 million in Series A funding
The funding is co-led by the Web3Port Foundation and Aptos Labs.
UAE renovation technology platform receives US$7 million in Series A financing
Revibe has been around for nearly two years and claims to have sold more than 80,000 items.
Indian hair care startup raises $4 million in Series A funding
Arata plans to use the funds to improve its research and development in hair and scalp care, expand marketing and recruit new talent.
Australian electric vehicle charging company raises US$45 million in net financing
The round was led by Mirova, with support from Clean Energy Finance, RACV and Kilara Capital.
EU approves Nvidia's $700 million acquisition of Israeli artificial intelligence company
The commission determined that the acquisition did not raise competition concerns, allowing the transaction to proceed.
Italy fines OpenAI more than $15 million for data privacy breach
The investigation showed that OpenAI processed user data without legal basis and lacked transparency.