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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. The exact amount of funding secured in this round has not been disclosed.

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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. ” Teampay’s platform provides workflows for employees to submit and approve spending.

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

TechCrunch

Ranade, who attended Stanford and Columbia, was previously an associate partner at McKinsey and co-founded web-scraping startup Kimono Labs, which was acquired by Palantir in 2016. Ural was an app developer at Goldman Sachs before joining Palantir as an engineer, where he met Ranade. Image Credits: Arena.

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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

2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economic environment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. Valuations have returned to “normal” (2016-2019) ranges.

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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. . “We evaluated a number of different options, including traditional equity raise, but [debt] was the best for Arctic Wolf, for our stage of hyper-growth,” Schneider said via email.

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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. The Detroit-based company says it has raised over $550 million in known capital since its inception in 2016. Shoe resale platform StockX, last valued at $3.8