Technology

Mycoprotein producer Enough raises €40M toward doubling its production capacity

Mycoprotein producer Enough raises €40m to double its production capacity

Making protein from mushrooms is not a new concept; However, Enough believes its technology – and its ability to scale production quickly – will set it apart. The Scotland-based company secured €40 million ($43.5 million in today’s dollars) in new growth financing to test this theory. Pumping this paste is enough to double the production …

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Reliance spin-off Jio Financial Services slides on market debut

Jio Financial Services, a subsidiary of Reliance, made its market debut

For many years, the Indian market has been waiting for the public launch of Reliance Retail and Jio platforms. But, to everyone’s surprise, late last year Mukesh Ambani, Asia’s richest man and chairman of Reliance Industries Group, created a different proposition – an unknown non-bank financial subsidiary – to the market. The split offering, Jio …

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YouTube is working on a plan to compensate artists and rightsholders for AI music

YouTube is working on a plan to compensate artists and rightsholders for AI music

YouTube announced today how it plans to approach the impact AI technology is having on the music industry with regard to its video hosting platform and its existing partnerships across the music industry, including with artists, labels and other rightsholders. While the company is bullish on AI’s potential to “enhance music’s unique creative expression,” it …

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Zanifu raises $11.2M to scale its inventory financing offering in Kenya

Zanifu raises $11.2m to expand inventory finance offerings in Kenya

Zanifu, a Kenyan fintech that provides inventory financing to micro, small and medium enterprises, raised $11.2m in debt funding in a pre-Series A round led by Beyond Capital Ventures and Variant Investments. Founders Factory Africa, AAIC Investment, Google Black Founders Fund and existing investor Launch Africa also participated in the round. This brings the total …

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BeReal gets more social with 'friends of friends' feature

BeReal gets even more social with Friends of Friends feature

BeReal tries to be real. And if we’re real, what good is this compendium of discovery anyway? The spontaneous once-a-day photo-sharing app BeReal sets itself apart from other social apps by inviting us to connect with our friends, not the larger audience. There is no BeReal influencer or celebrity, and there is no way to …

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Robotaxis hit a speedbump, crypto is down, and tech IPOs may be on the horizon

Robotaxis Has Hit a Speed Bump, Crypto Is Down, and Tech IPOs Could Be on the Horizon

Listen here or wherever you get your podcasts. Hello, and welcome to Equity, the startup activity podcast, where we unpack the numbers and nuances behind the headlines. Our Monday show covers the latest tech news from the weekend and what’s making headlines earlier in the week. Here is the recap from this morning: Inventories are …

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Twiga lays off 33% of its staff, disbands in-house delivery and introduces logistics marketplace

Twiga employs 33% of its employees, solves internal delivery and launches a logistics market

Twiga will embark on another round of layoffs to sustain its business amid macroeconomic headwinds that have hampered capital raising and forced venture capital firms to scale back operations. The Kenyan B2B e-commerce platform has announced that it will lay off 283 employees, a third or 33% of its 850 employees, as it pushes for …

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B2B inventory marketplace Ghost reappears with $30M Series B to expand outside US

A B2B specter appears in the stock market with a $30 million Series B to expand outside the US

Ghost, which provides the B2B market for surplus inventory, is back with new funding in the form of a $30 million Series B round. It’s been a year since Josh Kaplan and De Murthy launched the members-only Ghost Marketplace, with $20 million in Series A capital, to help brands and retailers buy, sell and ship …

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Tesla says data breach impacting 75,000 employees was an insider job

Tesla says the data breach affecting 75,000 employees was an inside job

Tesla said internal wrongdoing was behind a data breach that affected more than 75,000 employees at the company. Tesla, the electric car maker owned by Elon Musk, said in a data breach notice filed with the Maine attorney general that the investigation found former employees had leaked more than 75,000 personal details to a foreign …

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