Tuesday’s Tech Startup News: Frank, JPMorgan, Orbs, Makerverse, Sepura, and Virgin Orbit Updates
The tech startup world is constantly evolving with new companies emerging every day. Here are some of the latest updates from Tuesday’s tech startup news:
Frank
Frank, a London-based fintech startup, has raised $15 million in a Series A funding round led by Accel. The company offers a financial management app that helps users track their spending and save money. Frank plans to use the funding to expand its team and develop new features for its app.
JPMorgan
JPMorgan has acquired OpenInvest, a startup that offers sustainable investing tools for financial advisors and institutions. The acquisition will help JPMorgan expand its ESG (environmental, social, and governance) offerings and provide clients with more sustainable investment options.
Orbs
Orbs, a blockchain infrastructure startup, has raised $15 million in a funding round led by South Korean firm Kakao Investment. The company offers a hybrid blockchain platform that combines the security of public blockchains with the scalability of private blockchains. Orbs plans to use the funding to expand its team and further develop its platform.
Makerverse
Makerverse, a startup that offers a platform for makers to share their projects and collaborate with others, has raised $1.5 million in seed funding. The company plans to use the funding to expand its team and improve its platform’s features.
Sepura
Sepura, a UK-based startup that offers a mobile app for emergency services communication, has raised £4.5 million in funding. The company’s app allows emergency services personnel to communicate securely and efficiently during critical situations. Sepura plans to use the funding to expand its team and further develop its app.
Virgin Orbit
Virgin Orbit, a satellite launch startup, has successfully launched its LauncherOne rocket into orbit for the first time. The rocket was launched from a modified Boeing 747 aircraft and delivered 10 small satellites into orbit. The successful launch is a major milestone for the company, which plans to offer affordable and flexible satellite launch services.
In conclusion, these updates from Tuesday’s tech startup news highlight the diverse range of companies and innovations emerging in the tech startup world. From fintech to blockchain infrastructure, sustainable investing to emergency services communication, and satellite launch services, these startups are pushing the boundaries of what is possible and shaping the future of technology.
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