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Google’s Africa Investment Fund makes first investment in Uganda’s SafeBoda

TechCrunch

Internet giant Google announced today that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda. Google sets up $50M fund to invest in African startups. We are focusing on investments where we believe that Google could add value,” the managing director said in October.

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Google’s third bet from its Africa Investment Fund is in logistics company Lori Systems

TechCrunch

This undisclosed investment is Google’s third from the $50 million Africa Investment Fund targeted at the continent’s early- and growth-stage startups, which the company CEO Sundar Pichai announced last October. The fund is part of Google’s plan to invest $1 billion in “tech-led initiatives” over the next five years.

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Stronghold launches $100M venture arm to invest in underrepresented founders and fintech

TechCrunch

The startup, founded in 2017, partnered with IBM to create a blockchain-based stablecoin for instant payment processing. million in funding to date through its 2017 seed round, which was led by Freestyle Capital’s Dave Samuel and featured participation from a host of angel investors in venture and fintech. It has raised $3.3

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WP Engine passes $100M in revenue and secures $250M investment from Silver Lake

A Smart Bear

This week we closed $250M in financing from Silver Lake , the premier technology private equity firm. Of course a nice chunk is primary capital, i.e. for the company balance sheet, to invest in growth initiatives, security and quality, and advancing our existing strategic priorities through acceleration and de-risking.

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Uniqus Consultech raises $12.5M to invest in technology, scale business operations

AsiaTechDaily

intends to use the funding to investment in technology and scale its business operations and teams in the United States, India and the Middle East. It was also the first investment for Sorin Investments, an early-stage tech fund founded by private equity veteran Sanjay Nayar, Former Chairman of KKR India. Uniqus Consultech Inc.

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Aptiv’s latest investment shows that software-defined vehicles are here to stay

TechCrunch

With this in mind, Aptiv might have a more long-term reason to invest strategically in a scalable system architecture that functions under the hood of autonomous vehicles. The tech, which was originally launched in 2017, is already in over 2 million passenger vehicles worldwide, including Hyundai vehicles.

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Protect AI lands a $13.5M investment to harden AI projects from attack

TechCrunch

Ahmed became acquainted with Swanson while working at Swanson’s last startup, DataScience.com, which was acquired by Oracle in 2017. investment to harden AI projects from attack by Kyle Wiggers originally published on TechCrunch. . Protect AI, which is pre-revenue, isn’t revealing how many customers it has today.