Aid launched for young tech cos hit by strong shekel – Globes – Israel Business News

When you hear about spacetech companies, you may recall Elon Musk’s SpaceX or Jeff Bezos’ Blue Origin. But now, India has its own spacetech unicorn – Skyroot Aerospace, the company behind the Vikram-1 launch last week. And this spacetech firm has a Haldiram connection. Since being formed in 2018, Skyroot Aerospace has had a number…

Float, the Stockholm-founded revenue-based financing platform serving European tech SMEs, has secured €4.5m in a Series A round as it looks to narrow the funding divide holding back the continent’s startups. The round was led by Hamburg-headquartered CHAPTERS Group AG, whose CEO Jan-Hendrik Mohr will take a seat on Float’s board. CHAPTERS’ portfolio spans Swiss…

Meta must change Facebook’s and Instagram’s “addictive” design or face a heavy fine, the EU has warned. In its preliminary findings, the European Commission said features such as infinite scroll, autoplaying videos and personalised recommendations could encourage “compulsive use”, particularly among children and teens. If Meta does not make suitable changes, it could be fined…

Kieran Kenefick. Image: Darragh Kane Photography The new roles come amid a period of transformation in which the company has committed to a new partnership programme. Dublin-based digital services company Tekenable has launched a new partnership programme that will create 30 new jobs over the course of the next 12 months.  The new roles will…

When de-extinction startup Colossal Biosciences revealed last year that it was attempting to “resurrect” the dire wolf from genetic material found in fossils, we argued that, despite the controversy surrounding the project, the company was building valuable technologies that justify its $10.2 billion valuation. Now, roughly 16 months later, the startup is in talks to…