Investment & Financing
Estonian clothing reseller and circular fashion advocate UPTY Closes Pre-Seed Investment Round
TALLINN, Estonia, March 7, 2022 /PRNewswire/ -- UPTY
CHINT Cambodia Factory is Now Open, Assisting in the Southeast Asia's Green Energy Development
SHANGHAI, March 7, 2022 /PRNewswire/ -- SchneiTex x CHINT officially opened theirCambodia joint venture factory on February 28th local time. The factory will accomplish the localization of CHINT products, from manufacturing to delivery. It will also further improve the layout of CHINT's global su...
iQIYI Announces Private Placement Financing of US$285 Million
BEIJING, March 4, 2022 /PRNewswire/ -- iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service inChina, today announced that the Company has entered into subscription agreements with Baidu and a consortium of financial investors that include ...
Financially strong partner supports sustainable commitment: Sheikh Falah bin Zayed Al Nahyan invests in Plambeck Emirates
CUXHAVEN, Germany, March 4, 2022 /PRNewswire/ -- The joint venture "Plambeck Emirates Global Renewable Energies LLC," founded in 2011 with headquarters in Abu Dhabi, with the participation of the Abu Dhabi royal family and the holding company of the Cuxhaven-based entrepreneurNorbert Plambeck, has...
Volocopter Raises USD 170 million in First Signing of Series E Financing Round
BRUCHSAL, Germany, March 4, 2022 /PRNewswire/ -- Volocopter, the pioneer of urban air mobility, has raised USD 170 million in the initial signing of its Series E funding round led by South Korean investor WP Investment, at a pre-money valuation ofUSD 1.7 billion. Composed of funds by new and exis...
InxMed Raised $50 million in Series B Financing to Advance Innovative Therapies to Drug-resistance Cancers
NANJING, China, March 3, 2022 /PRNewswire/ -- InxMed Co., Ltd, a clinical-stage biotechnology company dedicated to developing innovative therapies targeting stroma microenvironment and drug resistance for hard-to-treat solid tumors, today announced that it had completed $50 million in Series B Fi...
Altair Expands Electronic System Design Technology with Acquisition of Powersim
Proven technology and experienced technical team will amplify Altair's power electronics solutions TROY, Mich., March 3, 2022 /PRNewswire/ -- Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI), acquired Powersim, a market-leading provider of simulati...
Ocean Winds, Aker Offshore Wind secure second Electric Business License for 1.2 GW floating offshore wind project in Ulsan, South Korea
OSLO, Norway, March 3, 2022 /PRNewswire/ -- Korea Floating Wind ("KF Wind"), the joint venture between Ocean Winds (66.7 percent) and Aker Offshore Wind (33.3 percent), has obtained its second Electric Business License (EBL) from the Ministry of Trade, Industry and Energy of the Republic of Korea...
Shinhan Financial Group, Shinhan Square Bridge (S2 Bridge) Incheon Successful completion of overseas startup support program, "Bridge to Korea (B2K)"
* Involvement of six global start-up companies related to deep-tech, med-tech, and digital health fromSingapore, Greece, Germany, and Russia * Four strart-up companies have received domestic and foreign investment, including the dedicated funds from Shinhan Square Bridge (S2 Bridge) Incheon ...
OpenSpace Extends Leadership in Reality Capture for Construction with $102M Series D Financing
Valued at $902M, OpenSpace continues to see widespread adoption in construction and real estate at over 10,000 jobsites and with more than7B square feet captured SAN FRANCISCO, March 3, 2022 /PRNewswire/ -- OpenSpace, the global leader in 360° jobsite capture and AI-powered analytics, today anno...
EV Group and Teramount Announce Collaboration to Implement Innovative Packaging Technologies for Photonic Integrated Circuits
Breakthrough wafer-level optics technologies help solve a key challenge of connecting many fibers to silicon chips for datacom and telecom applications ST. FLORIAN, Austria and JERUSALEM, March 2, 2022 /PRNewswire/ -- EV Group (EVG), a leading supplier of wafer bonding and lithography equipment f...
Leading AI Chipmaker Hailo Partners with AITg of WPG Holdings to Support Growing Customer Base in Asia Pacific
By collaborating with AITg, an APAC supply chain expert, Hailo will be better
suited to serve its growing base of customers inMainland China and Taiwan
TAIPEI and TEL AVIV, Israel, March 2, 2022 /PRNewswire/ -- AI chipmaker for
edge devicesHailo
Zwipe's Biometric Payment Card Platform selected by Placard in Australia
OSLO, Norway and MELBOURNE, Australia, March 2, 2022 /PRNewswire/ -- Placard, Australia's largest card manufacturer and the only one qualified by all major card schemes, has selected biometric fintech pioneer Zwipe as its technology partner in pursuing the global market opportunities for biometri...
Ex-Grab Philippines President raises US$10.5M from regional and global investors to drive SariSuki's expansion into quick commerce
* SariSuki, the leading player in Philippines' immense e-commerce grocery sector, is expanding intoquick commerce * SariSuki founded in 2021 by an impressive team that includes ex-Grab Philippines President,Brian Cu * Hyper-convenience is a key strategy in breaking down more barriers to e-c...
Cappfinity partners with Rare to increase and accelerate diverse graduate hiring
LONDON, March 2, 2022 /PRNewswire/ -- HR tech firm, Cappfinity has announced a new partnership with specialist graduate diversity recruitment company, Rare, to increase and accelerate the hiring of diverse talent into elite professions. The partnership will offer clients the use of Rare's Context...
Qiming Venture Partners Welcomes David Chu as IR Partner
SHANGHAI, March 2, 2022 /PRNewswire/ -- Qiming Venture Partners, a leading venture capital firm inChina, is pleased to announce that David Chu has joined the firm as a Partner, focusing on fundraising and investor relations for Qiming's USD funds. David has extensive experience in fund managemen...
Inspiration Capital Partners Completes its Acquisition of Antute
BEIJING, March 2, 2022 /PRNewswire/ -- Inspiration Capital Partners ("ICP") today announced that it has completed its acquisition of Antute (Beijing) Technology Limited ("Antute"), a leading provider of third-party maintenance ("TPM") services for data center infrastructure and critical IT ass...
INOKIM becomes the first company to introduce an electric scooter for children ages 5 - 8 years featuring Disney, Pixar and MARVEL
TEL AVIV, Israel, March 1, 2022 /PRNewswire/ -- INOKIM
IoT/AI solutions start-up, SpaceAge Labs, raises US$1.25 million in seed funding to make cities cleaner, greener, and safer
SINGAPORE, March 1, 2022 /PRNewswire/ -- "Growing populations, increased urbanisation, rising labour costs, lack of skilled workers, high safety standards and social distancing stipulations – various factors have been coming together resulting in the strong need for remote monitoring and IoT/AI ...
IFCO Japan acquires Sanko Lease's reusable container pooling services business
- Through the acquisition, IFCO Japan will become the leading provider of Reusable Packaging Containers (RPCs) for fresh grocery products inJapan further promoting sustainability and its business model based on the principle of circular economy. At the same time, IFCO Japan and Sanko Group have e...
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