Wednesday’s startup news brought a lot of exciting developments in the tech industry. From new funding rounds to innovative partnerships, here’s what you need to know.
Fluidity Raises $6 Million in Funding Round
Fluidity, a blockchain-based platform for trading digital assets, has raised $6 million in a funding round led by Pantera Capital. The startup aims to make it easier for institutional investors to trade cryptocurrencies and other digital assets by providing a more secure and efficient platform. Fluidity’s technology allows for peer-to-peer trading without the need for intermediaries, which can reduce costs and increase transparency.
Indeed Launches New Platform for Small Businesses
Job search engine Indeed has launched a new platform aimed at small businesses. Indeed Hires offers a suite of tools to help small businesses manage their hiring process, including job posting, applicant tracking, and interview scheduling. The platform is designed to be easy to use and affordable for small businesses, with pricing starting at just $50 per month.
Tron Acquires BitTorrent
Cryptocurrency startup Tron has acquired peer-to-peer file sharing platform BitTorrent for an undisclosed amount. Tron aims to use BitTorrent’s technology to create a decentralized internet that is more secure and efficient. BitTorrent has over 100 million users worldwide and is one of the most popular file sharing platforms on the internet.
Virgin Orbit Partners with Polish Satellite Company
Virgin Orbit, the satellite launch company founded by Richard Branson, has partnered with Polish satellite company SatRevolution to launch a constellation of small satellites into orbit. The partnership aims to provide affordable access to space for small satellite operators, which could help to drive innovation in industries such as agriculture, transportation, and telecommunications.
Windfall Bio Raises $10 Million in Funding Round
Biotech startup Windfall Bio has raised $10 million in a funding round led by Khosla Ventures. The startup is developing a new class of drugs that target RNA molecules, which play a key role in the regulation of gene expression. Windfall Bio’s technology has the potential to treat a wide range of diseases, including cancer, autoimmune disorders, and genetic diseases.
In conclusion, Wednesday’s startup news highlights the continued innovation and growth in the tech industry. From blockchain-based trading platforms to affordable satellite launches, these developments have the potential to transform industries and improve people’s lives.
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