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With $168 million from Series C, the reselling marketplace Kreams valuation rises to $742 million.

Kream, a platform for reselling luxury products such as handbags, apparel, and accessories, has received $168 million 220.6 billion won in a Series C

Kream, a platform for reselling luxury products such as handbags, apparel, and accessories, has received $168 million 220.6 billion won in a Series C financing, more than doubling its previous valuation of $306 million in October 2021. This increase values Kream at roughly $742 million. It has now raised more than $266 million in total. According to chief business officer CBO Mingook Kim, the company will use the Series C funds to invest more, primarily in Asia, in line with its longterm objective of strategically connecting Asiabased reselling platforms so that its users can use Kream and its C2C resale affiliates to buy and sell upmarket goods. Also, Kream will expand its selection of luxury goods and new brands. Read More..

B2B Tech News | 6 months ago          

Plural entices a pioneering AI and mRNA vaccine to become its newest partner.

Plural, a VC we highlighted last year on the opening of its €250 million earlystage venture fund, is one of the newest VC funds to wear its former o

Plural, a VC we highlighted last year on the opening of its €250 million earlystage venture fund, is one of the newest VC funds to wear its former operators flag on its sleeve. In addition to developing mRNA vaccination technology, HelixNano is an AIdriven biotech business that has taken on the fight against COVID and cancer. As an angel or venture capitalist, Namih has so far invested in the following companies Robin AI, a generative AI company for the legal sector Phasecraft, the quantum software company spun out of UCL Omnipresent, the remote work platform and AtlasML, tools for the machine learning community, acquired by Meta AI. Ian Hogarth, of the band Plural Unemployable, stated in a statement Carina adds enormous knowledge with her scar tissue from HelixNano and experience as an investor. Read More..

B2B Tech News | 6 months ago          

Arubas CyrusOne climate neutral data center complies with the Pact.

CyrusOne and Aruba, two large European data centre operators, announced that they had successfully audited an operating data centre as compliance with

CyrusOne and Aruba, two large European data centre operators, announced that they had successfully audited an operating data centre as compliance with the terms of the Climate Neutral Data Centre Pact CNDCP or Pact. The Pact establishes strict criteria for environmental performance and sustainability goals in five major areas energy efficiency, green power use, water use, recycling, and waste heat reuse. Every Pact members must assess their compliance with the Pacts aims using data from January 1 to December 31 after the first anniversary of their signature. Furthermore, audited conformity with the Pacts climateneutral targets could open the door to such green finance. The data centre sector is becoming increasingly scrutinised. Read More..

B2B Tech News | 6 months ago          

Rwazi to scale its market insight stage supported by $4 million seed subsidizing

Rwazi, a market intelligence business, is trying to fill this gap by giving market insights backed by data acquired directly from customers. The firm,

Rwazi, a market intelligence business, is trying to fill this gap by giving market insights backed by data acquired directly from customers. The firm, which was founded in 2021, is now expanding in emerging areas, notably Africa, where it claims to have a presence in 40 nations. Rwazi collects information such as product usage, consumption frequency, and household budgets and income. What data the company obtains is based on the requirements of its SaaS product users. Rwazi, which was a part of the Techstars Los Angeles development programme last year, now has 50,000 users. Read More..

B2B Tech News | 6 months ago          

Unacademy will not be acquired by the Indian edtech giant Byju.

Byjus, an Indian edtech behemoth, has disputed allegations that its physical tutoring unit, Aakash, is in talks with Unacademy. Aakash is a market lea

Byjus, an Indian edtech behemoth, has disputed allegations that its physical tutoring unit, Aakash, is in talks with Unacademy. Aakash is a market leader in its area, with an unblemished track record of delivery and results, and it is expanding at a rate of more than 50% year on year. SoftBankbacked Unacademy is one of Indias major etech firms, and it has considerably reduced its expenses as it strives to become profitable in the next quarters. Instead, Byjus, Indias most valuable startup, is in advanced talks with bankers to proceed with the IPO of Aakash, which it acquired for over $1 billion last year. Byjus has got approval from its board of directors to proceed with the IPO and is preparing to launch. Read More..

B2B Tech News | 6 months ago          

Mozilla launches a new company that focuses on AI that is trustworthy.

The notforprofit organisation Mozilla, which created the Firefox web browser, is launching an AIfocused firm on the eve of its 25th anniversary. The n

The notforprofit organisation Mozilla, which created the Firefox web browser, is launching an AIfocused firm on the eve of its 25th anniversary. The newly formed organisation, known as Mozilla.ai, has as its goal to create open source, trustworthy AI, according to Mark Surman, executive president of Mozilla and head of Mozilla.ai. Mozilla.ai is a wholly owned subsidiary of the Mozilla Foundation, much like the Mozilla Corporation the organisation in charge of developing Firefox and Mozilla Ventures the Mozilla Foundations venture capital fund, and was financially backed by a $30 million seed investment as from Mozilla Foundation, Mozillas parent company. According to Surman, Mozilla.ai is a startup committed to assisting in the development of a reliable, independent open source AI stack. It is a combination of a research firm and a community. Read More..

B2B Tech News | 6 months ago          

The experiment by Ciskei a libertarian fantasy in South Africa during apartheid

With no regular means of governance, zones are enclaves formed out of a country that let those who invest choose their own regulations. Milton Friedma

With no regular means of governance, zones are enclaves formed out of a country that let those who invest choose their own regulations. Milton Friedman claimed that a democratic society requires a reasonably free economy, however there is evidence to suggest that a democratic society actually kills off a free economy. The creation of freeports and economic zones, including Canary Wharf, which was privatised and dependent on investor interest from authoritarian governments, was included in Margaret Thatchers first budget. The British chancellor unveiled a budget in midMarch that included 12 prospective Canary Wharf sites. Lowslung structures and multistory towers characterised rural South Africa, which was at the opposite end of the global value chain. Read More..

B2B Tech News | 6 months ago          

ChatGPT and AI summarization are added to Operas browser.

Operas desktop browsers, Opera and Opera GX, will now include generative AI chatbots powered by ChatGPT and ChatSonic. These chatbots may summarise ar

Operas desktop browsers, Opera and Opera GX, will now include generative AI chatbots powered by ChatGPT and ChatSonic. These chatbots may summarise articles or webpages, make social media posts, and assist users with coming up with ideas through prompts. Opera is also introducing a feature that allows users to make AI prompts by highlighting content on a website or typing it in. Operas product director, Joanna Czajka, stated that the company intends to introduce more AIpowered services in the future that will run on its own GPTbased architecture. With the popularity of generative AI, additional browsers may follow suit and integrate AIpowered functionalities. Read More..

B2B Tech News | 6 months ago          



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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