Building a strong startup developer culture requires constant adjustment
Most tech startups are born form a few early engineers building the company’s initial product. As those first builders work together, they begin to establish a developer culture – sometimes deliberately, sometimes not. At Web Summit in Lisbon, two founders emphasized the significance of fostering a unique developer culture within tech startups. Shensi Ding, CEO […]
Xpeng-backed startup aims for flying car production by 2025
Chinese startup Xpeng Aeroht plans to produce electric passenger drones in Q4 2025, with the final assembly of flying cars. The timeline is part of a framework agreement signed between Xpeng and Aeroht, with Aeroht paying RMB 71,000 ($9,940) for each aircraft when production volume is below 25,000. Aeroht’s controlling shareholder, He Xiaopeng, unveiled an […]
Shield AI expands massive Series F with another $300M in equity,debt,scaling valuation to $2.8B
Shield AI has raised $500 million in a Series F funding round, raising $200 million in equity and $100 million in new equity. The company aims to develop autonomous aircraft systems. Advances in AI and compute power have enabled the development of software-defined strategic deterrents, such as AI pilots, which are becoming a significant paradigm […]
ShareChat faces large valuation cut in new funding
ShareChat is in the final stages of deliberations to secure $50 million in new funding, reducing its valuation to below $1.5 billion. Existing backers Temasek and Tencent are in advanced talks. ShareChat, a Bengaluru-based startup, raised over $1.4 billion in India, but claims valuation figures are inaccurate due to the TikTok ban. ShareChat, which acquired […]
Japan to press for greater transparency at domestic VC firms
Tokyo’s financial regulator plans to publish a code of conduct recommending broader disclosures by domestic venture capital firms, aligning with global best practices. The government aims to make Japan an asset management hub, but institutional investors have raised concerns about transparency in funds managed by Japanese VC firms.
StanChart Ventures: No return to easy money for startups
Standard Chartered’s financial technology investment arm, SC Ventures, predicts that startups seeking quick funding for growth next year may face tough conditions, even if the current “funding winter” eases towards the latter half of 2024. The bank’s business unit, which supports fintech innovations, predicts that while financing conditions may ease in the second half of […]
Japan’s future unicorns take challenges from automation to fusion.
Tokyo, Japan, has 13 unlisted startups approaching unicorn status, according to a Nikkei survey.the highest number to date, as investors pour money into companies offering solutions to socialchallenges such as labor shortages and decarbonization. The ranks of these “pre-unicorns” valued more than 50 billion yen (340 million), but below the $1 billionline that defines unicorns […]