Author: TechBrunch
MariaDB is the target of another takeover offer as the company that develops the eponymous open source relational database management system (RDBMS) has confirmed it has received a preliminary offer from California-based K1 Investment Management It becomes. K1 quietly revealed on Friday that it had submitted a so-called “unsolicited, non-binding, indicative proposal” to MariaDB. As the name suggests, this is a non-binding exploratory proposal that is subject to change depending on the progress of future negotiations. several weeks. The offer includes buying all of MariaDB's stock for $0.55 per share, which is approximately $37 million based on the company's February…
Please try to imagine. A contractor approaches you with a twinkle in his eye and a plan as vague as if written in invisible ink. “Trust me,” they say. “We'll work on your house for three months. We'll spend 30% of the money on plumbing, 30% on wall and roof framing and construction, 10% on electrical work, and the rest on things like painting. ” When I ask if the house will last until the end, they shrug. “You know what? But isn't that trip exciting?” This is a scenario so ridiculous that it makes the contractor laugh through the…
Stephanie Song, who previously worked on Coinbase's Corporate Development and Ventures team, was often frustrated by the amount of due diligence tasks she and her team had to complete on a daily basis. “Analysts spend hundreds of hours burning the midnight oil doing work that no one else wants to do,” Song told TechCrunch in an email interview. “At the same time, funds are looking for ways to invest less capital and increase team efficiency while reducing operating costs.” Inspired to find a better way, Song teamed up with two former Coinbase colleagues, Brian Fernandez and Anand Chaturvedi, to create…
SoftBank Group CEO Masayoshi Son has made no secret of his intentions to double down on the popular artificial intelligence industry. Now he's raising money for the next move in his strategy. SoftBank's founder is seeking $100 billion to form a new venture to compete with Nvidia and others in the AI chip space, Bloomberg reports. The new venture, codenamed “Izanagi,'' will be a collaboration with Arm, a chip design company that SoftBank spun off as a listed company last year. As of this month, he still owns about 90% of Arm's shares. The report says SoftBank will follow some…
Partek has closed its second Africa fund, Partek Africa II, for €280 million (over $300 million), just one year after reaching its first close. At this scale, Partek Africa, which was originally targeted, 230 million euros Even before we begin our fundraising efforts, we have solidified our position as the largest fund dedicated to African startups. Partek Africa's recent fund closure is significant in the context of global VCs and institutional investors withdrawing from Africa. As highlighted in the Partech report, the continent saw a notable decline in investor activity, with a 50% year-on-year decline in 2023. This setback, influenced…
150+ investorsCompanies including Singapore's sovereign wealth fund Temasek and Malaysia's Khazanah visited the five-star Trident Oberoi in Mumbai on a recent Friday for venture firm Lightspeed India Partners' 'Lift Off' summit. We gathered at the hotel. The two-day event aims to foster partnerships by allowing “more views, ideas, and investments to be shared across nC2 connections (in all permutations and combinations) in a short time frame,” the company said. said Karthik Reddy, co-founder of Blume Ventures. The event builds on the success of last year's first Lift Off, which helped foster deals and networking, paving the way for Singapore sovereign…
While the food technology investment sector has established its own direction over the last year, New Zealand-based food technology company Milk has been busy staying ahead of the curve in molecular agriculture technology. This aggressive strategy puts the company “about three to four years ahead of emerging competitors,” CEO Amos Palfreyman told TechCrunch. “Milk not only aims to overcome the challenges posed by a changing climate that impacts traditional dairy production, but also broadens its focus to address the critical issues of food security and nutrition. ,” Palfreeman said in an email interview. In 2022, TechCrunch plans to develop a…
To give female academics and others focused on AI their well-deserved and overdue spotlight time, TechCrunch is launching a series of interviews highlighting notable women who have contributed to the AI revolution. Start. As the AI boom continues, we'll be publishing several articles throughout the year highlighting key research that may go unrecognized. Click here for a detailed profile. Eva Meidel is a Bulgarian politician and member of the European Parliament. She was first elected to Parliament in 2014 at the age of 28 and was the youngest MP at the time. In 2019, Ms. Meidel was re-elected to Parliament…
Welcome to TechCrunch Fintech (formerly The Interchange)! This week, we look at a new financial-based dating app, Robinhood's financial results, and the startup in which PayPal Ventures made its first investment. Let's dive in! Get TechCrunch's roundup of the biggest and most important fintech stories delivered to your inbox every Sunday at 7:30 a.m. PT. Subscribe here. big story A new dating app has been released just in time for Valentine's Day, but there's a catch. You need a credit score of at least 675 to use it. Launched by financial platform Neon Money Club, Score is a dating app…
Few categories are as ripe for disruption through automation as the construction industry. This industry is worth approximately $2 trillion annually in the United States alone. Much of the work is arduous, repetitive, and sometimes dangerous. This is exactly the kind of problem industrial robots were built to solve. Another thing that construction brings is a wide range of different challenges. This means more startups can operate in this space without direct competition. Bricklaying robots are by no means an undeveloped concept. At the moment, perhaps the best known player in this field is Hadrian X. This American company specializes…