Welsh in-space manufacturing startup Space Forge has developed a satellite reentry system to enable rapid recovery and reuse of its in-space manufacturing spacecraft. The new system, which includes a heat shield and a water vehicle designed to soften the spacecraft’s landing, will be incorporated into the company’s in-space manufacturing satellite platform called ForgeStar. As opposed […]
UK’s Space Forge debuts new reentry tech for in-space manufacturing satellites by Aria Alamalhodaei originally published on TechCrunch
Blackstone has reached a definitive agreement to sell its stake in the Indian SaaS startup IBS Software to Apax for $450 million, the three said Monday, the latest in a series of late-stage deal activities among IPO-ready firms. IBS Software offers a range of software solutions to airlines, logistics and hospitality companies. The Kerala-based startup […]
Blackstone sells IBS Software stake to Apax for $450 million by Manish Singh originally published on TechCrunch
Smart, a London-based startup that helps employers and their employees manage and monitor their pensions, said that it has closed $95 million in Series E funding. It plans to use the capital to expand its international footprint and make acquisitions, it said. Aquiline Capital Partners, a new backer, led the investment, with previous investors Barclays, […]
UK pension startup Smart banks $95M by Paul Sawers originally published on TechCrunch
Alibaba founded Damo Academy in 2017 to carve out a program focused on cutting-edge research that is relatively free of short-term money-making pressure. One of the Academy’s 16 labs conducts research on autonomous driving, which just announced a major change today. Damo’s autonomous vehicle lab will merge into Cainiao, Alibaba’s global logistics network, and will […]
Alibaba’s autonomous driving lab to focus more on monetization by Rita Liao originally published on TechCrunch
M-KOPA, the asset financing platform that offers underbanked African customers access to “productive assets” and the ability to pay for them via digital micropayments, has secured over $250 million in new funding. The capital injection includes $55 million in equity and over $200 million in debt, huge sums in both categories that testify to strong […]
M-KOPA snaps up $250M+ debt, equity for its asset financing platform by Tage Kene-Okafor originally published on TechCrunch
Foxconn will invest $500 million to set up manufacturing plants in the southern Indian state of Telangana, the latest in a series of bets from the key Apple contract partner as it expands its base in the South Asian market. K.T. Rama Rao, Telangana’s IT minister, said in a tweet that the investment from Foxconn […]
Apple partner Foxconn to invest $500 million in India’s Telangana by Manish Singh originally published on TechCrunch