DeVos family swindled out of $100 million by Theranos founder Elizabeth Holmes, family rep testifies
Elizabeth Holmes, founder and former CEO of Theranos, was indicted on fraud charges. (Jeff Chiu/Associated Press) The family of former Education Secretary Betsy DeVos was duped by Theranos founder Elizabeth Holmes into investing $100 million for a…
AI startup Abacus.ai snags $50 million Series C to advance hybrid deep learning models
Abacus.AI, the two-year-old startup that is developing “hybrid” neural network forms of deep learning, on Wednesday announced the company has obtained $50 million in venture capital financing in a Series C round, lead by private equity firm…
World Fund Climate VC Fund Aims to Raise 350 Million Euros for Green Startups | Investing News
BERLIN (Reuters) – A recently launched climate technology fund, which says its mission is to solve the problem of climate change, aims to raise a total of 350 million euros ($407 million) to invest in startups whose innovations could avert the…
Gundersen in La Crosse receives nearly $1 million federal grant
October 21, 2021 2:30 PM Posted: October 21, 2021 2:30 PM Updated: October 21, 2021 5:23 PM LA CROSSE (WKBT) — Gundersen Health System in La Crosse is one of 71 recipients of grants from the Federal Communications Center’s COVID-19 Telehealth Program.…
SaaS startup ProfitWheel secures USD 3 million in investment from top investors
Published: Oct. 21, 2021 at 9:00 AM MDT|Updated: 13 hours ago BOSTON and MUMBAI, India, Oct. 21, 2021 /PRNewswire/ — Following close on the heels of its US operations launch in September 2021, SaaS Startup ProfitWheel recently announced securing a…
Tesla achieves annual run rate of 1 million electric cars – incredible milestone
Tesla has confirmed that it has achieved an annual run rate of 1 million electric cars per year at the end of last quarter. After Tesla reported production of 237,823 vehicles and the delivery of 241,300 vehicles last quarter, we declared that Tesla has…
Open-Source Startup Aiven Raises $60 Million in New Funding
Aiven Inc., a cloud-based open-source software services firm, raised $60 million in a second funding round in less than a year, as investors bet on growing demand from chief information officers for ready access to shared computer code. The new injection…
Ford to invest around $300 million to build electric car parts at UK plant
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here. LONDON (Reuters) – Ford said on Monday it would invest up to 230 million pounds ($316 million) to build electric car components at its…
Bill Gates’ backing helps Novi battery startup raise $25 million
Amid a boom in electric-vehicle production and a race for innovations that improve these new cars’ range and cost, an Oakland County battery startup, Our Next Energy, said Monday it has raised $25 million in a fresh fundraising round. The…
Ford to Invest Around $300 Million to Build Electric Car Parts at UK Plant | Technology News
LONDON (Reuters) – Ford said on Monday it would invest up to 230 million pounds ($316 million) to build electric car components at its Halewood factory in northern England. The plant will produce around 250,000 power units a year from mid-2024, the…