Wafeq, a Dubai-based accounting and financial compliance startup, has raised $3M in a Series A Funding round led by Middle East Venture Partners (MEVP). The round also saw participation from 500 Startups, Faithful+Gould, and Wamda Capital, as well as a number of regional and international angel investors. Founded in 2016, Wafeq automates and simplifies the
Japan’s Terra Drone gets $14M lift from Saudi investors Terra Drone Corporation, a Japanese drone services company, has raised $14 million in a Series B round led by Saudi Arabia’s National Technology Development Company (NTDC). The round also saw participation from existing investors SoftBank Ventures Asia, Draper Nexus and Sumitomo Corporation Equity Asia. With this,
Big factories, big trucks and big Musk: Tesla Q4 earnings expectations The electric-car maker is set to report earnings Wednesday after the market close, and analysts are expecting strong numbers Tesla is set to report fourth-quarter earnings after the market close on Wednesday, and analysts are expecting the electric-car maker to post strong results. Tesla
Waymo lays off staff as Alphabet announces 12,000 job cuts Alphabet Inc’s Google said on Tuesday it would cut about 1,200 jobs from its recruiting department as the company faces perhaps its toughest year since going public in 2004. The reductions are part of a broad restructuring at the world’s largest internet search engine, which
Tesla invests $3.6B in two new Nevada factories to build Semis and cells Tesla is investing $3.6 billion in two new factories in Nevada, one to produce electric semi-trucks and the other to make batteries for those trucks and for the company’s Powerwall home battery system. The two new factories are part of Tesla’s plan
In order to realize the full potential of artificial intelligence (AI) and maintain the United States’ (U.S.) leadership in the domain, a new independent federal organization should be created, according to a report from the National Security Commission on Artificial Intelligence (NSCAI). The NSCAI Task Force on Artificial Intelligence for the American People proposes that
Opportunistic investors are giving up on aging pre-IPO companies, shows a new report Pre-IPO companies are no longer attractive to opportunistic investors, according to a new report from global investment firm GPIF. The report argues that the fading appeal of pre-IPO companies is due to a number of factors, including the increasing number of late-stage
Accord, which offers a platform to manage sales processes, has secured $10M in a Series A funding round led by Index Ventures. This latest round of funding comes on the heels of a $4M seed funding round raised in 2019, and brings Accord’s total funding to $14M. Accord’s platform helps sales teams manage their pipeline,
TechCrunch+ roundup: Deep tech fundraising, negative trade secrets, 3 metrics investors love 1. Deep tech fundraising is heating up The deep tech sector is hot right now, with a number of startups raising large rounds of funding. In the past few weeks, we’ve seen raises from companies like AI startup CloudMinds, robotics company Boston Dynamics,
B2B Sales Closing and Financing Platform Vartana Raises $12M Vartana, a provider of a B2B sales closing and financing platform, has raised $12 million in a series A funding round. The round was led by early-stage venture capital firm Sway Ventures, with participation from FirstMark Capital, Salesforce Ventures, and Fifth Wall. Vartana will use the