Author: Laney Gervase

Ridehailing leader Didi Global is planning to pull its New York-listed shares and go public in Hong Kong as competing US-China regulatory agendas leave Chinese companies with little room to maneuver. A recent surge in Chinese companies listing in the US came to an abrupt halt over the summer as Beijing’s tech crackdown intensified. Valued at nearly […]

Nuclear fusion is the ephemeral holy grail of climate technology. It would provide nearly limitless amounts of clean energy without the byproduct of long-lasting radioactive waste to be managed. It’s also the biggest bet Silicon Valley luminary Sam Altman has ever made. “This is the biggest investment I’ve ever made,” Altman told CNBC of his […]

Artificial intelligence pioneer Andrew Ng, the founder of the Google Brain research lab and the former chief scientist of Baidu, has raised $57 million from investors for his start-up, Landing AI, at an undisclosed valuation. Founded in Palo Alto in 2017, Landing AI is focused on bringing artificial intelligence to manufacturing companies. It has developed a […]

Clubhouse co-founder Paul Davison is a bundle of energy when he joins the Microsoft Teams call from his home in California. His high spirits contrast with the popularity of his audio-only chat app. Launched in March 2020, the app went semi-viral earlier this year before it tumbled dramatically in Apple’s App Store rankings. “It’s been quite an […]

Cryptocurrency exchange FTX says it has raised $420 million in a new round of funding, valuing the company at $25 billion. The Bahamas-based firm said Thursday it raised the fresh cash from a total of 69 investors including the Ontario Teachers’ Pension Plan Board, Singapore’s Temasek, BlackRock and Sequoia. Specifically, the company said it attracted a total […]

Ecosia, the search engine that uses its ad revenue to plant trees, has launched a 350 million euro ($405 million) venture capital fund focused on the climate crisis. The so-called World Fund will invest in the “next generation” of founders looking to tackle the issue, Ecosia said, and will measure its success on “climate returns” […]

Technology companies working on combating climate change have raised a record breaking $32 billion so far this year, according to a report published Tuesday. The amount of venture capital money flowing into climate tech this year has already exceeded the whole of 2020, the report by venture capital analysis firm Dealroom and promotional agency London […]

 A growing number of renowned U.S. tech investors are moving to Europe to capitalize on the continent’s start-ups. It comes after several European tech companies saw their valuations sky-rocket during the coronavirus pandemic. Online events platform Hopin saw its valuation soar to $7.75 billion within two years of its incorporation, while buy-now-pay-later firm Klarna was most recently valued […]

Investors believe that precision maps made with far-flung sensors can turn profits, as climate threats call for novel ways to monitor a changing planet. Ocean data startup Saildrone has raised a $100 million Series C led by Bond Capital, with XN, Standard Investments, Emerson Collective and Crowley Maritime also participating. The California startup made waves recently when one of its solar- and wind-powered drones […]

German food delivery firm Delivery Hero has invested $235 million in Gorillas, an online grocery start-up, as part of a $1 billion funding round. Gorillas was founded in May 2020 but has grown at a rapid clip as demand for its service, which ships groceries to people’s doors in as little as 10 minutes, took off during […]