The world of tech startups is constantly evolving, with new companies emerging and established players making headlines with their latest innovations. In this article, we’ll take a look at some of the most exciting news from the tech startup world as of April 4, 2023.
Frank Raises $15 Million in Funding Round
Frank, a startup that offers a platform for managing student loans, has raised $15 million in a funding round led by Accel. The company plans to use the funds to expand its product offerings and grow its team. Frank’s platform allows users to track their student loan payments, explore repayment options, and connect with financial advisors.
JPMorgan Launches New Blockchain Platform
JPMorgan has launched a new blockchain platform called Onyx, which will be used to streamline the bank’s operations and improve efficiency. The platform will initially be used for JPMorgan’s wholesale payments business, but the bank plans to expand it to other areas in the future. Onyx is built on top of JPMorgan’s existing blockchain infrastructure, Quorum.
Orbs Partners with MakerDAO
Orbs, a blockchain infrastructure provider, has partnered with MakerDAO to bring decentralized finance (DeFi) to the Orbs network. The partnership will allow developers to build DeFi applications on the Orbs platform using MakerDAO’s stablecoin, DAI. Orbs aims to provide a scalable and secure infrastructure for DeFi applications.
Makerverse Raises $10 Million in Series A Funding
Makerverse, a startup that offers a platform for creating and sharing DIY projects, has raised $10 million in a Series A funding round led by Spark Capital. The platform allows users to share instructions and materials for creating a wide range of projects, from woodworking to electronics. Makerverse plans to use the funds to expand its user base and add new features to the platform.
Sepura Launches AI-Powered Cybersecurity Platform
Sepura, a cybersecurity startup, has launched a new platform that uses artificial intelligence (AI) to protect businesses from cyber threats. The platform, called Sentinel, analyzes network traffic in real-time to identify and block potential threats. Sentinel also uses machine learning to adapt to new threats and improve its detection capabilities over time.
Virgin Orbit Launches Satellites for NASA
Virgin Orbit, the satellite launch subsidiary of Virgin Group, has successfully launched a batch of satellites for NASA. The satellites were launched using Virgin Orbit’s LauncherOne rocket, which is designed to be launched from a modified Boeing 747 aircraft. The successful launch marks a major milestone for Virgin Orbit, which aims to provide affordable and flexible satellite launch services.
In conclusion, the tech startup world is constantly evolving, with new companies emerging and established players making headlines with their latest innovations. From blockchain platforms to cybersecurity solutions, these startups are pushing the boundaries of what’s possible and driving innovation across a wide range of industries. Stay tuned for more exciting news from the world of tech startups in the coming months.
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