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Bank of America, BNY Mellon and Citi, $20 million strategic investment in Genesis Global

Genesis Global declared a new $20 million investment from Bank of America, BNY Mellon, and Citi. It follows the $200 million Series C funding announce

Genesis Global declared a new $20 million investment from Bank of America, BNY Mellon, and Citi. It follows the $200 million Series C funding announced in February. We are excited to work with these partners on many innovative projects, said Stephen Murphy, the companys CEO. By 2021, Genesis will triple its revenue and team size. Financial services organizations use Genesis across the entire software value chain to automate processes, optimize existing systems, replace legacy technologies, and build new, reliable applications for the first time. Citi was first funded in Genesis in late 2020. Read More..

B2B Tech News | 3 years ago

Ireland will appoint fresh data privacy commissioners

Irelands Data Protection Commission DPC is the lead regulator in Europe for tech giants. The DPC has been criticized for long, plodding investigations

Irelands Data Protection Commission DPC is the lead regulator in Europe for tech giants. The DPC has been criticized for long, plodding investigations into big tech multinationals. Pressure has been building for a panEuropean approach to data and privacy protection. The European Data Protection Commissioner for Standards and Markets, Anne Dixon, has said staffing levels need to be increased at the regulator. But she dismissed calls for another two commissioners to be appointed to speed up the processing of backlogs in cases under new EU privacy rules. Read More..

B2B Tech News | 3 years ago

Pony.ai and Sany Heavy Truck in China collaborate to develop autonomous trucks

Pony.ai is forming a strategic joint venture with Sany Heavy Truck to create an autonomous truck brand. Pony.ais virtual driver will work alongside Sa

Pony.ai is forming a strategic joint venture with Sany Heavy Truck to create an autonomous truck brand. Pony.ais virtual driver will work alongside Sanys technical prowess to build automotivegrade selfdriving trucks. The JV, which does not yet have the brand, will begin smallscale deliveries of the robot trucks this year and next, with mass production starting in 2024. The company recently received a taxi license to operate a commercial robotic taxi service in Guangzhou and a license to enable unmanned rides for the public in Beijing. Pony also announced that it had formed another JV with Sinotrans, one of Chinas leading logistics and freight forwarding companies, to build a smart logistics network autonomous technology joint venture, Cyantron, launched in April. Pony said in a statement Thursday that its strategy for unlocking robots is to partner with leading transportation and logistics companies to pave the way for future developments, so we should look forward to more joint ventur Read More..

B2B Tech News | 3 years ago

South Africa turns to renewable energy, gas and batteries to end power cuts.

South African President Cyril Ramaphosa has promised to end the countrys frequent blackouts by investing in renewable energy, gas and batteries. Witho

South African President Cyril Ramaphosa has promised to end the countrys frequent blackouts by investing in renewable energy, gas and batteries. Without a stable supply of electricity for over 10 years, South Africans are naturally frustrated and angry, he said. The opposition Democratic Alliance said the plan was taken straight from the prosecutors playbook and should have been presented much earlier. South Africa has set a goal of net zero by 2050 and is negotiating a groundbreaking just transition deal with rich countries. A call for proposals for battery storage that can store renewable energy when needed will be published in September. Licensing requirements for renewable energy are waived, and homes and businesses can sell rooftop solar to the grid. Read More..

B2B Tech News | 3 years ago

DeepMarkit has partnered with Flowcarbon to organize the ReFine Our Future event in Paris

MintCarbon.io, a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into nonfu

MintCarbon.io, a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting credits into nonfungible tokens , is pleased to announce that it participated as a partnerlevel participant alongside Flowcarbon Inc. at the ReFine Our Future An Immersive Flowcarbon Event that was held on July 20, 2022, in Paris, France. The ReFi Event featured a gallery of carbon credit NFTs that have been minted via the Companys proprietary MintCarbon platform. The event pulled together various experts and an interactive experience that highlighted novel ways to drive capital to carbon projects. DeepMarkit Corp. is a company aimed on democratizing access to the voluntary carbon offset market by minting credits into NFTs. It recently raised US$70 million from a group of investors that included Andreessen Horowitzs crypto arm known as a16z. Read More..

B2B Tech News | 3 years ago

Japans Nikkei ended gains in chip stocks

Japans Nikkei reversed course and closed Wednesday, sparking a rise in chip limits. The benchmark opened slightly lower on Tuesday after Wall Street f

Japans Nikkei reversed course and closed Wednesday, sparking a rise in chip limits. The benchmark opened slightly lower on Tuesday after Wall Street fell sharply on earnings warnings from Walmart. On Wednesday, the Fed is expected to announce a rate hike of 0.75 percentage points to curb inflation. On Wednesday, the Fed will announce a 0.75 percentage point interest rate hike to curb inflation, with markets pricing the risk at about 10% higher. Read More..

B2B Tech News | 3 years ago

The slowdown in the VC market in Latin America hides the local strength

Latin Americas startup market, once the strongest in the world, is cooling down. However, the delay is not uniform. The data shows that some countries

Latin Americas startup market, once the strongest in the world, is cooling down. However, the delay is not uniform. The data shows that some countries will survive a recession much better than others. A few weeks ago, this column took an early look at venture capital data for Latin American startups and their backers, noting that quarterly declines in the region were materializing. While the global pandemic is accelerating the growth of the ecommerce market, the COVID19 period has brought big gains to the region. While the pandemic has moderated somewhat, so has the growth of ecommerce and entrepreneurship in Latin America. Read More..

B2B Tech News | 3 years ago

Australias MACA offers $234 million for the acquisition

Australian miner MACA has received a $US350m $243.1m cash takeover bid from rival Thiess Group Investments. In the conditional overthecounter offer, T

Australian miner MACA has received a $US350m $243.1m cash takeover bid from rival Thiess Group Investments. In the conditional overthecounter offer, Thiess agreed to give MACA shareholders $1,025 $0.71 in cash per share of their holdings. This is a 28.1% premium to MACAs last traded price on July 25, 2022. Thiess is jointly owned by CIMIC and US hedge fund Elliot Management, and the acquisition aims to support diversification initiatives across goods, services, and areas geographical. MACA focuses on the mining, infrastructure, and construction sectors. Read More..

B2B Tech News | 3 years ago

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