FCC Faces Funding Shortfall in Effort to Remove Chinese Tech Giants Huawei, ZTE From Networks

A US scheme to pay carriers and ISPs to remove Huawei and ZTE equipment from their networks is stalled owing to a $3 billion financing gap.


Affordable Connectivity Program: Congress Fights to Refuel Low-Cost Broadband Program Amid Looming Expiration

The Affordable Connectivity Program's (ACP) funding is declining, leaving New Yorkers wondering how they will afford broadband internet in their homes...

BlackRock Joins Saudi PIF for $5B Investment in Riyadh's BRIM Platform

BlackRock and Saudi Arabia's PIF launched BRIM, a $5 billion investment platform in Riyadh. The platform aims to boost foreign investment, support local markets, and foster economic transformation...

Ryan Reynolds and Rob McElhenney Jump Into Mexican Soccer With Investment in Necaxa

Ryan Reynolds and Rob McElhenney, known for owning Wrexham AFC, have acquired a stake in Mexican soccer team Club Necaxa...


Latest News

BDC Capital rolls out C$150-mln IT Venture Fund II
BDC Capital, a subsidiary of Business Development Bank of Canada, has launched IT Venture Fund II with corpus of C$150 million. With an objective of bridging gap in the mid-stage funding, the new fund
Healthcare VR Startup MindMaze Achieve Unicorn Status With $100 Million Fund From an Early Round
MindMaze has secured a total of $100 million funds from an early round led by India’s Hinduja Group. MindMaze, which until now is focusing on developing virtual reality interfaces in the healthcare se
Kaiser Permanente Ventures Awards Hometeam With Investment of $5 Million
Kaiser Permanente Ventures offers equity investments to innovative healthcare companies. Hometeam offers elderly cares with digital touches in the metropolitan cities of New York, New Jersey and Phila
Ecosystem Investment Partners Closes Fund III Above $200 Million Target
Baltimore private equity firm Ecosystem Investment Partners (EIP) announced on Tuesday that they closed its third fund at $303 million, overriding its target of $200 million. With such amount of equit
Yello Mobile Receives Investment For $30 Million From SBI Holdings, Expects For Further Receipt
Yello Mobile, South Korean fastest growing mobile app company has received $30 million more fund from SBI Holdings Inc. With the recent investment, the fund grows to $73 million in total. However, the
Venture Capital Investment in Grand Rapids Hits a Record High
Grand Rapids, Michigan mark the highest record in venture capital investment in 2015. A venture capital firm based in the largest city of West Michigan scored a 20% increase from previous year.
Baltimore IT Startup Protenus Raises $4 Million In Series A Funding
Protenus has announced raising $4 million from a Series A fundraising round. The finance has been rendered from a group of investors led by Arthur Venture. The health data security service provider in
Joi Scientific Claims For Producing Hydrogen From Water, Raises $5.5 Million Series A Round Fund
Joi Scientific has claimed for discovering technology to produce hydrogen from water on Tuesday. At the same time, the research firm discloses for raising $5.5 million fund for its Series A round. If
Wikimedia Foundation to Develop Its Own Search Engine
The Wikimedia Foundation received a $250,000 grant to support its early stages of search engine project, The Knowledge Engine. The project will develop a search engine that goes across Wikipedia and o
Palantir Technologies Acquire Kimono Labs to Strengthen Its Data Extraction Capacity
Data analysis company Palantir Technologies Inc acquired Kimono Labs to increase its data collection capacity. Following the acquisition, Kimono Labs will shut its service on February 29, 2016.
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