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Neon, a relational database startup, lands ~$30M investment

  • Posted on August 1, 2023

Neon, a relational database startup, lands ~$30M investment

Neon, a startup that’s building a serverless open source alternative to AWS Aurora Postgres, today announced that it raised around $45 million in a new funding round, about $30 million of which came from Menlo VC.

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  • Posted on August 1, 2023

Socket lands $20M investment to help companies secure open source software

Socket, a startup that provides a scanning tool to detect security vulnerabilities in open source code, today announced that it raised $20 million in a Series A round led by Andreessen Horowitz (a16z). The tranche

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  • Posted on August 1, 2023

Tradeshift raises $70M, launches financing JV with HSBC focused on B2B trade

Global trade has been in a slump, in part due to ongoing economic pressures in the wake of the Covid-19 pandemic. Now, with some glimmers of recovery on the horizon, a startup that’s built business around tools to

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  • Posted on August 1, 2023

Vanguard cuts Indian ride-hailing giant Ola’s valuation by 52%

The U.S. index fund pioneer Vanguard has cut the worth of its holding in the Indian ride-hailing startup Ola by more than half since original investment, according to an analysis of its filings. Vanguard cut the

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  • Posted on August 1, 2023

Traction raises $6M seed as Nigeria’s merchant acquiring space continues to heat up

Micro, small, and medium-sized firms (MSMEs) constitute the backbone of the Nigerian economy, accounting for more than 60% of GDP growth and playing a crucial role in job creation. According to the National Bureau

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  • Posted on August 1, 2023

How SaaS architecture impacts pricing and profitability

Ratnesh Singh Parihar Contributor Ratnesh Singh Parihar is principal architect at Talentica Software who has expertise in architecture and design, scaling and handling large systems, solving complex engineering

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  • Posted on August 1, 2023

Reddit updates its site design for logged-out users

Reddit is rolling out a number of updates to its website for logged-out users, including improved performance, a more helpful search results page and better communities and related post suggestions. The company said

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  • Posted on August 1, 2023

NATO announces $1B fund to back startups supporting ‘safety, freedom and human empowerment’

After announcing plans nearly two years ago, defense alliance NATO has officially closed its first fund to back startups that are building technology strategic to NATO’s own goals in defense and security. Member

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  • Posted on August 1, 2023

Rapyd acquires a piece of PayU from Prosus for $610M to scale its fintech-as-a-service platform

Rapyd, the fintech-as-a-service startup that provides APIs to enable payments, card issuing, digital wallet and other financial services to companies like Uber and Ikea, is taking a significant step forward in its

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  • Posted on August 1, 2023

Ola’s Aggarwal sets eyes on AI, semiconductor design

Indian entrepreneur Bhavish Aggarwal, co-founder of ride-hailing firm Ola and electric vehicle startup Ola Electric, is venturing into fresh terrain as he navigates his businesses towards initial public offerings.

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