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Endure Capital closes first round of $50 million fund focused on earlystage investments in Africa

Endure Capital has established itself as one of the leading VC firms in the region. Limited partners who have invested in the fund include UK developm

Endure Capital has established itself as one of the leading VC firms in the region. Limited partners who have invested in the fund include UK development finance institution and impact investor British International Investments BII, formerly known as his CDC Group. Micro, Small and Medium Enterprises Development Authority MSMEDA Egypts Social Fund for Development also invested. Mohamed Noweir joined Endure Capital as a partner leading the investment team in his second fund. In Endure 21, the company will take a nonsectoral approach and invest in 24 companies. The new fund has already made several investments, including coleading a Series A in Brimore, Egypts leading social commerce platform. Read More..

B2B Tech News | 3 years ago          

Artificial Intelligence AI as a Service Market Size Worth $52.8 Billion by 2028 | CAGR 44.1% Vantage Market Research

The Global Artificial Intelligence as a Service Market size is forecast to reach USD 52.8 billion by 2028, with a Compound Annual Growth Rate CAGR of

The Global Artificial Intelligence as a Service Market size is forecast to reach USD 52.8 billion by 2028, with a Compound Annual Growth Rate CAGR of 44.1% during the forecast period. Cloudbased AI services, including chatbots and speech bots, biometric fraud detection, digital payment advisers, smart wallets, and more are expected to drive this market, which is expected to experience an increase in demand for AIpowered services in the form of Application Programming Interface API and Software Development The Global Artificial Intelligence as a Service Market has also been impacted by the COVID19 outbreak, which has spread to many other businesses globally. Read More..

B2B Tech News | 3 years ago          

Why wireless carriers are able to give out iPhone 14s

Verizon, TMobile, and AT&T have introduced iPhone 14 promotions. Carriers might be providing significant discounts to encourage users to switch to 5Gc

Verizon, TMobile, and AT&T have introduced iPhone 14 promotions. Carriers might be providing significant discounts to encourage users to switch to 5Gcapable handsets. Apple and carriers might be leveraging the popularity of buynowpaylater contracts to their advantage. At least in the United States, the iPhone 14 series has also done away with the SIM card slot and gone to eSIM. However, since these agreements frequently take the form of contracts, it is crucial to read the small print. Read More..

B2B Tech News | 3 years ago          

Together, IBM and IIT Madras will advance quantum computing in India.

IBM has partnered with the Indian Institute of Technology, Madras IITMadras to advance quantum co­mputing skill development and research in India. II

IBM has partnered with the Indian Institute of Technology, Madras IITMadras to advance quantum co­mputing skill development and research in India. IIT Madras joins over 180 members of the IBM Quantum Network globally. The collaboration will open new avenues to figure with industry partners to accelerate research and make quantum real in areas like lifesaving drugs, improvements in supply chains, logistics, and also the modeling of monetary data. IBM has been one in the pioneers in quantum computing and launched its first quantum system with 20 qubits for commercial use in 2019. Higher qubits visit more computing power, which translates into more powerful quantum computers. IBM had earlier said that itll launch a quantum computer with a 4,000qubit processor by 2025. Read More..

B2B Tech News | 3 years ago          

Nexford, an online university, will invest $8 million to close educations cost and relevance gaps

U.S.based online university platform Nexford has raised $8 million in a Series A round. Nexfords most significant markets are traditionally underserve

U.S.based online university platform Nexford has raised $8 million in a Series A round. Nexfords most significant markets are traditionally underserved Englishspeaking communities like Nigeria. The company plans to add more programs, such as software engineering, data science and business analytics, in the coming months. New Markets Venture Partners and Learn Capital joined the board of Nexford. Learns CEO says the company will continue to invest in product and geographical expansion and technology.Proceeds from its Series A round will take it into new markets, broaden its academic offerings and enhance its technology infrastructure. Al Tarzi cites the drop in funding size to a significantly oversubscribed and extended preSeries A round. Read More..

B2B Tech News | 3 years ago          

Storage of renewable energy is a top priority for IRENA to ensure flexibility, balance, and needs.

Francesco La Camera — DirectorGeneral of the International Renewable Energy Agency IRENA — told Daily News Egypt DNE that storage technology are g

Francesco La Camera — DirectorGeneral of the International Renewable Energy Agency IRENA — told Daily News Egypt DNE that storage technology are going to be a priority within the coming period to make sure flexibility and balance within the renewable energy system. He explained that renewable energy is intermittent and variable, and also the interconnectedness of grids in countries makes the grid more flexible and balanced for storage. La Camera explained that this economic condition has proven that renewable energy sources are the foremost flexible and reliable which governments must take investment decisions and immediate measures to market clean energy and overcome the crisis. IRENA is seeking to accelerate the trail of fresh energy and reduce emissions in Africa, as 100 million people on the continent still dont have access to basic energy services, and also the agency hopes to resolve this dilemma within the coming years. Read More..

B2B Tech News | 3 years ago          

Last week, European Tech received more than €904 million in investments, Scopely acquired Stumble Guys, and Lightyear drove in with €81 million

Last week we tracked quite 85 tech funding deals worth over €904 million, and over 15 exits, M&A transactions, rumors, and related news stories acro

Last week we tracked quite 85 tech funding deals worth over €904 million, and over 15 exits, M&A transactions, rumors, and related news stories across Europe. As a paid subscriber, youre within the elite club with exclusive access to our findings. While we tend to share this info in realtime on Twitter and Insta the much more entertaining option, you would be hardpressed to stay track of it all. Read More..

B2B Tech News | 3 years ago          

iseek wins contract for Queensland government data centre

Queensland government departments will soon start migrating services out of the Edward Street data centre in Brisbane. iSeek has been selected by CITE

Queensland government departments will soon start migrating services out of the Edward Street data centre in Brisbane. iSeek has been selected by CITEC the Queensland Governments primary IT services provider as the new host for workloads. The replacement data centre is due to be commissioned by the end of September, but global supply chain challenges could impact completion.The contract extends iSeeks partnership with CITEC for a further fiveyear term.As well as its track record in delivering services to government and enterprise customers, iseek noted that a key factor in its selection was its ability to meet the federal hosting certification framework standards for whole of government contracts, to a strategic level. Read More..

B2B Tech News | 3 years 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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