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Microsoft acquires Fungible, a maker of data processing units, to bolster Azure

TechCrunch

Fungible was launched in 2016 by Bertrand Serlet, a former Apple software engineer who sold a cloud storage startup, Upthere, to Western Digital in 2017, alongside Krishna Yarlagadda and Jupiter Networks co-founder Pradeep Sindhu. But its DPU architecture was difficult to develop for, reportedly, which might’ve affected its momentum.

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Systemiq secures $70 million to fund early-stage climate tech founders

TechCrunch

Systemiq’s past deals include climate data company Jupiter , shipping data firm Nautilus Labs (whose co-founder later launched Bedrock ) and ESG-focused investing startup OpenInvest. .” In practice, it’ll fund key areas like regenerative land use, oceans, transportation and the circular economy.

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European insurtech startup Wefox grabs $650 million at $3 billion valuation

TechCrunch

Following this funding round, the company has reached a post-money valuation of $3 billion. In December 2019, the company reported a $1.65 And the company says today’s funding round is one of the largest Series C rounds of all time — and likely the largest Series C round for an insurtech company more specifically.

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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

TechCrunch

Founder and CEO Prince Boakye Boampong started the company in 2019. The company makes revenue from processing fees, savings (interest earned when users save), FX fees when Dash is used cross-border, bill payments (commission earned when users pay bills on Dash) and subscription (for Dash+, its premium service). The Dash team.

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Amazon v Google v China: Quantum Computing Will Blow Your Mind.

Hunter Walk

When Private Companies Take On Nation States. If you were to travel to Germany — or to Jupiter — and look at your quarter, your friend’s quarter would instantaneously reveal the opposite result. Basically Amazon and Google (along with some other private companies) are investing big in this research. And so is China.

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Skuad manages hiring and compliance for building distributed teams

TechCrunch

Singapore-based Skuad helps companies hire employees in different countries while staying compliant with local employment regulations and processing cross-border payroll. The startup now has customers from 34 countries, talent placed in about 94 companies and 3x growth in ARR since January 2022.

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QED makes its first African investment, backing Nigerian fintech TeamApt in $50M+ deal

TechCrunch

Existing investors from the company’s Series B last year (Crunchbase pegs it at $30 million+) — Novastar Ventures (co-lead), Lightrock and BII — all participated in this round. As a profitable company, we did not need the cash, but we were happy to take an opportunity to add a new high-profile investor.”.