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Pangyo Techno Valley: Korea’s Prime Innovation Cluster Bolstered by Local Governmental Support

AsiaTechDaily

Register In July’s end, an Egyptian governmental delegation toured Pangyo Techno Valley, Korea’s premier innovation hub, seeking insights into its unparalleled growth. The Gyeonggi Business & Science Accelerator (GBSA) actively scouts startups within game development, information security, and big data sectors.

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Melbourne-based edtech startup Vivi raises $20M to accelerate overseas expansion in race to reach 1M classrooms

TechCrunch

million last year from New-York’s Riverside Acceleration Capital (RAC) and a syndicate of Australian investors. The new investment will help the startup to accelerate its overseas expansion across the world with a focus on the United States, the country with the highest percentage of educators using one-to-one computing (1:1) computing.

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Newly minted unicorn Tackle plans to use $100 million Series C to accelerate the future of software sales

TechCrunch

Tackle says it plans to use its new funding to accelerate the execution of its product roadmap, scale its go-to-market (GTM) teams, expand its global reach, and continue to innovate. The report also predicts that Cloud Marketplaces will exceed $10 billion in throughput by the end of 2023, and $50 billion by the end of 2025.

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Revolution Growth Invests in Meati, the Mushroom-Root Superfood

Revolution

At scale, Meati’s innovative growing process can produce the meat equivalent of 4,500 cows every 24 hours and requires less than 1% of the water and land than conventional industrial meat production demands. market leader in plant-based meat by 2025. Accelerate the diversification of Meati’s product portfolio. ? Giga Ranch?—?capable

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New capital positions luxury goods reseller Rebag for next round of innovation

TechCrunch

The market for venture capital is active and favorable, and we seized on that opportunity to accelerate funding,” he added. The secondhand market is expected to double and reach $77 billion by 2025, according to ThredUp , which went public earlier this year after raising over $300 million in venture-backed funding.

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Federated Genomic data startup Lifebit raises $60M round led by Tiger Global

TechCrunch

Genomic data is considered to be the key to unlocking so-called “precision medicine” Some estimates suggest that by 2025, 500 million human genomes will have been sequenced, but only a fraction of it is being utilized for drug discovery and precision medicine. Lifebit competes with DNAnexus, Seven Bridges and Iqvia.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. billion by 2025. A recent ZDNet piece reaffirms that the AI edge chip market is booming, fueled by “staggering” venture capital financing in the hundreds of millions of dollars.

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