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Singapore’s Sunrate Receives Investment from Prosperity7 Ventures and SoftBank Ventures Asia in Series D-1 Funding

AsiaTechDaily

Established in 2016, the company has rapidly gained recognition for its advanced proprietary platform, expansive network, and powerful APIs, empowering companies to operate and expand locally and globally in over 150 countries. With its latest funding infusion, Sunrate is poised to capitalize on this significant market growth.

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Spend management platform Teampay expands partnership with Mastercard, raises $47M

TechCrunch

In 2016, Andrew Hoag, formerly a senior manager at Verisign and a web project lead at NASA’s Ames Research Center, founded Teampay , a platform that attempts to automate the software purchasing process for companies. Today, Teampay has hundreds of customers and significant venture capital financing behind it.

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The end of a second straight month of layoffs in tech

TechCrunch

When Niantic released Pokémon Go in 2016, the company put itself firmly on the map as an AR and mobile gaming company to watch out for. Backstage Capital cuts majority of staff after pausing net new investments. The Detroit-based company says it has raised over $550 million in known capital since its inception in 2016.

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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

This is Part 2 of a two-part examination of the state of the startup capital market during the past two years. This transformation has already led to an increased number of startup failures, a growing venture capital reset2 and 210,000 tech sector layoffs since the start of 2022. 2 A (temporary) venture capital reset?

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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

“In a turbulent economic environment, security will remain a top priority for companies. ” The debt brings Arctic Wolf’s total raised to $900 million, $499 million of which is venture capital. ” The debt brings Arctic Wolf’s total raised to $900 million, $499 million of which is venture capital.

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Arena raises money from Peter Thiel and David Petraeus for its decision-making AI

TechCrunch

But that’s what startup Arena claims to do, fueled by a round of funding ($32 million) led by Initialized Capital and Goldcrest Capital along with Founders Fund, Flexport and a colorful cast of characters, including retired general David Petraeus, Peter Thiel, and Y Combinator CEO Michael Seibel. Image Credits: Arena.