One of the long-running tensions in the African startup investment ecosystem has been whether the Silicon Valley funding model, which seems to have been transferred wholesale to Africa's very diverse and different tech hubs, is right for the continent's tech hubs at this stage in their development.
LONDON - Financial technology start-up Plaid plans to more than double its European workforce this year, even after scrapping a deal to be acquired by Visa amid U.S. antitrust concerns. The company looks to be taking news of the $5.3 billion merger agreement falling apart in its stride, hoping to capitalize on a shift toward online banking services in the wake of the coronavirus pandemic.
If Chris Camacho was Wall Street, he would be a constant bull market. During his tenure as the president and CEO of the Greater Phoenix Economic Council (GPEC), the economic development association has led the attraction of more than 414 companies creating more than 74,000 jobs and $11 billion in capital investment.
Its construction costed at close to $100m, the complex, called St. Anton Tasman, located at 2233 Calle Del Mundo, will have 196 studio and one-bedroom units, of which some 20% are for very low-income tenants (50% Area Median Income) with 80% designated for low-income tenants (60% Area Median Income).
Total corporate funding (including venture capital funding, public market, and debt financing) for the Battery Storage, Smart Grid, and Energy Efficiency sectors in 2020 was up by 112%, with $8.1 billion compared to $3.8 billion in 2019. That's according to a new report from Mercom Capital Group.
Bank analysts favor banks exposed to consumers and small business in 2021. Here are analyst consensus ratings for 40 banks.
Silicon Valley companies have paid special attention to artificial intelligence and spent billions of dollars investing in it. They recognize that AI will bring about a profound transformation on a global level. AI will integrate with various aspects of life, including a country's economy, politics and education.
The wine industry in Santa Barbara County and beyond is expected to rebound once the COVID-19 pandemic's restrictions on tasting are lifted and consumers can once again mingle in groups, according to a new report.
The new year has arrived, not as a savior from the worst 12 months ever, but like a raging hangover, the aftershocks of a year that went a little too off the rails. Coronavirus cases are skyrocketing, lockdown orders remain tight and in costly Silicon Valley, need for help has reached record levels.
The pandemic will recede at some point this year, boosting wine sales as lockdowns loosen and restaurants begin to reopen, travel resumes and deferred events are held, a leading industry analyst says. But Rob McMillan, author of the widely read annual Silicon Valley Bank Wine Industry Report, adds that wineries would do well to heed a key lesson of the pandemic: Up your digital game.
Sullivan & Cromwell LLP served as legal counsel to SVB, while Wachtell, Lipton, Rosen & Katz served as legal counsel to Boston Private on the deal. SVB Financial Group ("SVB") (NASDAQ: SIVB), the parent of Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and Boston Private Financial Holdings, Inc.
Drug manufacturers bought 19 biotech startups last year, up from 15 in 2019, according to Silicon Valley Bank. Last year's total was the highest since the 20 buyouts recorded in 2016. The median upfront sum paid in 2020 was $300 million, compared with $250 million the year before.
It's been a difficult year for wine grape producers in Napa Valley, data from the Silicon Valley Bank's annual state of the industry report confirms. More than 55% of the report's Napa Valley respondents described a wine grape harvest of "below average" or "poor" quality, according to the report, which was released Wednesday morning.
Are you ready to party? As in, hey we're vaccinated, restaurants are open again, let's-go-out-to-eat-and-why-not-splurge-on-a-bottle-of-champagne-happy-days-are-here-again celebration? Silicon Valley Bank thinks so. In its annual report on the state of the U.S. wine industry, released Jan. 13, the bank predicts an increase in wine sales and consumption as the nation emerges from covid-19 restrictions on public gathering and restaurant dining.
As technology continues to transform countless industries, healthtech has emerged as one of the world's fastest-growing and promising sectors. According to a study from Silicon Valley Bank, venture-backed financing for healthtech startups has grown by 25 percent since 2015, with many companies valued at over $1 billion.
The pace of innovation at the Dana-Farber Cancer Institute in recent years has seen a wave of startups launch with IP or leadership sourced from the nonprofit's ranks. Now, looking for its own returns on that success, Dana-Farber has launched a new venture fund to invest in those fledgling businesses.
RESEARCH TRIANGLE PARK - Despite the pandemic, the United States saw exit values soar to a record $290 billion, and also set new highs in investments and fundraising in 2020, and tech was the enabler, according to Pitchbook NVCA Venture Monitor.
2020 saw a substantial increase in the number of acquisitions of startup biotechnology companies. Many buyers are becoming increasingly interested in buying these promising companies before they go public, as this often makes the purchase more economically feasible. Acquisitions of startup biotech firms increased in 2020 in spite of the ongoing pandemic, which caused many buyers to negotiate contracts remotely.
Another San Francisco tech company has signaled its entry into the 2021 unicorn club. Harness, which offers a platform for software delivery, announced Thursday that it has raised a $115 million Series C round, bringing its valuation to $1.7 billion.
© University of Melbourne | On average, both regions had subpar vintages, but statistics don't tell the whole story. A majority of wineries in Napa County and Northern Oregon reported that last year's harvest quality was "below average" or "poor," according to an influential report issued on Wednesday.