Mesh Raises $22 Million in Series A Funding for Digital Asset Management Introduction Mesh, formerly known as Front Finance, has successfully raised $22 million in a Series A funding round to support the development of its innovative service. The startup aims to assist customers in transferring and managing digital assets such as cryptocurrencies. This latest…
Introducing Qept: The Innovative Note-Taking App for iOS In today’s digital era, it has become common for people to use messaging apps as a means to send things to themselves. Recognizing this phenomenon, developer Willem de Beijer has created Qept, a new note-taking app designed specifically with the “DM-to-yourself” practice in mind. Streamlined Organization and…
FrontRow, Indian hobby-learning and community platform, shuts down FrontRow, a hobby-learning and community platform featuring celebrities in India, has shut down, AsumeTech has learned and confirmed. The three-year-old startup sought to build a community where well-known artists and athletes taught their craft to consumers. The startup had raised about $18 million and counted Elevation Capital,…
Augmented Reality Glasses Startup Xreal Expects Shipments to Reach 200,000 Units Introduction BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments will soon reach 200,000 units. Augmented reality (AR) technology allows digital images to be imposed over the real world. It took the Chinese…
GitLab Shares Rise 33% After Narrower Loss, Raised Forecast Strong Quarter Results Lead to Optimism GitLab shares rose 33% on Tuesday, after the provider of code-deployment software reported a narrower loss than analysts expected and bumped up its full-year forecast. Strong Financial Results The stock was headed for its best day since GitLab’s 2021 Nasdaq…
New Delhi, June 17 (IANS) Homegrown esports startup FanClash on Friday said it has raised $40 million in its Series B funding to expand its global footprint. Founded in mid-2020, FanClash recently expanded to the Philippines and aims to be a global leader in esports. The Series B funding round was led by Sequoia Capital…
Washington, June 16 (IANS) The US Federal Reserve raised the interest rate by 0.75 percentage points, the highest on-shot increase since 1994, to tackle inflation that is at its highest in 40 years. The rate hike was announced at the end of the two-day policy meeting of the fed. It ran contrary to smaller rate…
New Delhi, June 8 (IANS) The Reserve Bank of India has raised the repo rate by 50 basis points to 4.9 per cent, Governor Shaktikanta Das said on Wednesday, adding that inflation was likely to remain above the upper tolerance level for three quarters of this financial year. He was speaking at a press conference…
Bengaluru, June 1 (IANS) Fintech company slice on Wednesday said it has raised $50 million as part of its larger series C round led by Tiger Global, adding that it will use new capital to boost its new unified payments interface (UPI) product. The latest funding round also saw participation from existing investors Moore Strategic…
New Delhi, May 22 (IANS) After concerns were raised over the new cyber-security directives by the Indian Computer Emergency Response Team (CERT-In), industry experts said on Sunday that if the new guidelines are strictly enforced, corporate and enterprise virtual private networks (VPNs) will have to compulsory report several serious offences that will over help end…
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