July 17, 2025

Uber partners with Nuro, invests $300M in Lucid to launch upscale robotaxi service

Uber is investing hundreds of millions of dollars into Lucid and autonomous vehicle technology startup Nuro in a bid to launch its own robotaxi service.

UK tech ecosystem reacts to the news of SVB UK acquisition by HSBC

March 13, 2023

UK tech founders, investors, and ecosystem leaders have been giving their reactions to the news that SVB UK will be rescued by HSBC. In addition, many startup founders and investors pointed to the leg-work done by industry body Coadec, which is now raising funds for further work. Andrew J Scott Founding Partner 7pc VC “It […]

UK tech ecosystem reacts to the news of SVB UK acquisition by HSBC by Mike Butcher originally published on TechCrunch

US minerals industries are booming. Here’s why.

March 13, 2023
A recent set of sweeping US laws have already kicked off a boom in proposals for new mining operations, minerals processing facilities, and battery plants, laying the foundation for domestic supply chains that could support rapid growth in electric vehicles and other clean technologies. That’s by design. A stipulation in the Inflation Reduction Act (IRA),…

In historic last-minute deal, HSBC acquires Silicon Valley Bank UK, says all depositors’ money is safe

March 13, 2023

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1, after a tense weekend of frantic negotiations by the UK government, regulators and a suite of other potential suitors. The deal is a massive relief to the UK technology sector, which was highly exposed to the collapse of SVB and it’s uk arm, […]

In historic last-minute deal, HSBC acquires Silicon Valley Bank UK, says all depositors’ money is safe by Mike Butcher originally published on TechCrunch

Medigo’s app makes prescription deliveries available 24/7 in Vietnam

March 13, 2023

Over the last three years, Ho Chi Minh City-based Medigo has grown to 500,000 active users by providing 24/7 one-demand prescription delivery services. Now it’s planning to grow its telehealth ecosystem with $2 million in new funding by East Ventures, with participation from Pavilion Capital and Touchstone Partners. The new capital will allow Medigo to […]

Medigo’s app makes prescription deliveries available 24/7 in Vietnam by Catherine Shu originally published on TechCrunch

Deel makes over $120M of its own cash available to support customers affected by SVB crisis

March 12, 2023

Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down. It has teamed up with Andreessen Horowitz (a16z) and Y Combinator – both of which are investors in Deel – to offer the support […]

Deel makes over $120M of its own cash available to support customers affected by SVB crisis by Natasha Mascarenhas originally published on TechCrunch

Silicon Valley Bank’s depositors will be fully protected, according to the Federal Reserve

March 12, 2023

The Federal Reserve issued a joint pair of statements on Sunday with one clear message: Silicon Valley Bank’s depositors, both insured and uninsured, will receive help in a manner that will “fully protect” all. Depositors, the statement reads, “will have access to all of their money starting Monday, March 13. No losses associated with the […]

Silicon Valley Bank’s depositors will be fully protected, according to the Federal Reserve by Natasha Mascarenhas originally published on TechCrunch