Softbank’s Nvidia stake is reportedly worth $4BN

 Bloomberg is today reporting the size of Softbank’s stake in Nvidia is $4 billion, for 4.9 per cent of the company, which it says would make it the fourth largest investor in the chipmaker. Read More

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Our favorite startups from Alchemist Accelerator batch 15

 Founded as an enterprise alternative to accelerator stalwarts like Y Combinator, Alchemist Accelerator has managed to assemble a solid track record in its five years of operation.  Going into batch 15, 159 companies have graduated from Alchemist, of which 89 have closed institutional rounds and 15 have been acquired.
The latest batch of 19 companies surely hopes to push those numbers even higher. Read More

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Merlon Intelligence raises $7.65 million in seed financing to combat money laundering

 OpenDoor, Oscar Health, Palantir and now Merlon Intelligence. Bradford Cross, founder of the venture capital firm Data Collective is joining the ranks of VCs who have caught the entrepreneurship bug, abandoning a cushy lifestyle for one with considerably more volatility. His latest startup, Merlon Intelligence, services banks, helping them cut down on risk and put a stop to money laundering. Read More

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Kuang-Chi invests $5 million in SkyX, a maker of drones to monitor oil and gas pipelines

 Shenzhen-based Kuang-Chi Group is investing $5 million in SkyX Systems Corp., according to the drone tech startup’s founder and CEO Didi Horn. A former fighter pilot with the Israeli Air Force, Horn started SkyX in 2015 to help public and private companies monitor energy infrastructure from on high, using increasingly powerful drones and big data analytics. Read More

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Impossible Foods CEO Pat Brown says VCs need to ask harder scientific questions

 Impossible Foods has raised over $200 million to make a burger that tastes at least as good as ground beef but which is engineered from plants. The CEO of the five-year-old food startup, Patrick O. Brown, is a famed Stanford geneticist who previously started the nonprofit Public Library of Science. The company’s many backers— among them Bill Gates, Li Ka-Shing, UBS, Khosla Ventures… Read More

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Echodyne homes in on $29 million to give drones and self-driving cars ‘radar vision’

 Autonomous vehicles all need sensors that can help them detect and avoid objects in their environment. And to operate at high speeds, these sophisticated machines need to identify objects ahead precisely, and early enough, that they can avoid crashing into them.
Existing systems have included light ranging and detection systems and cameras, primarily. But the effectiveness of both LiDAR and… Read More

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