Good Morning!! As we enter a new week, let’s take a look at the latest trending startup news insights.
21 February 2022
1. No-code automation platform Skael raises $38M to streamline enterprise processes
Markets and Markets predicts that by 2030, the global low-code and no-code development platform market will hit $187 billion in revenue. By 2024, it’ll raise for more than 65% of application development activity. Read More
2. Wego acquires middle east business of Cleartrip
Wego co-founder and CEO, Ross Veitch, adds: "The Middle East is set to be one of the most exciting growth stories of the next decade with the travel & technology sectors taking center stage and with the Wego group playing a very crucial role”. Read More
22 February 2022
1. How OpenSea Users Lost $1.7 Million in NFTs to Phishers
Trading activity on OpenSea dropped after the phishing attack, more than 70% in the past four days. The phisher interacted with 32 users, successfully phishing 17 of them and stole a total of 254 tokens over three hours. Read More
2.GitHub opens its vulnerabilities Advisory Database to community submissions
“GitHub believes that free and open security data is critical to empowering the industry as a whole to best secure our software supply chains,” GitHub senior product manager Kate Catlin wrote in a blog post. Read More
23 February 2022
1. How Oracle hopes to cash in on healthcare
In Forbes article, Peter Cohen voices doubt that Oracle will earn back the Cerner purchase premium, and points out that Oracle holds a much smaller place in the cloud services business compared to industry giants Amazon, Microsoft and Google. Read More
2. Google’s privacy changes: The war on cross-app tracking, cookies and third-party advertising
Google’s announcement comes over a year after Apple announced that app developers would need to ask for permission to track a user’s IDFA identifier on iOS, and months after Google Chrome announced that it would be banning all third-party cookies in 2023. Read More
24 February 2022
1. Zoom Expands Into Customer Service With New Contact Center
The service will only be available in the US and Canada at first, with international markets coming later in 2022. It'll have more than 100 features at launch and will cater to the agents, supervisors, and contact center administrators. Read More
2. How HPE’s private 5G creates more intelligent enterprise networks
HPE’s launch of private 5G that includes seamless integration to private Wi-Fi networks is what enterprise networks need to increase their intelligence, speed and scalability. Read More
25 February 2022
1. Etsy Is Boosting Seller Transaction Fees By 30%
Etsy's new fee increases are likely to strongly impact businesses with low existing sales margins. Starting on April 11th, fees will rise from 5% to 6.5% for each sale. Read More
2. Hotel guest platform Canary Technologies signs in with $15M Investment
Canary was founded in 2017 by Harman Singh Narula and SJ Sawhney, with a mobile-based platform that handles hotel operations covering check-in, post-booking communication and check-out. Read More
26 February 2022
1. Bounce’s shared mobility business shrank 83% during the pandemic
Shared mobility and EV company Bounce's revenue fell 83% to Rs 14 crore for the financial year ended March 2021 as the pandemic dedicated shared mobility services. Read More
2. India's Reliance to take on 200 Future stores amid Amazon dispute
India's top retailer, Reliance, will take on at least 200 Future Retail stores after the company failed to make lease payments for them to Reliance, two people with direct knowledge of the matter told Reuters. Read More
27 February 2022
1. Upstart Co-Lab: Investments Of $7.75 Million And Plans For A $100 Million Portfolio
Upstart defines the creative economy as “a set of art, culture, design and innovation industries, and the economic contribution of those industries within a geographic region.” Read More
If you missed out on the previous week or entire month's updates of startup world news, follow the link to read it now and stay tuned with us for more updates.
Startup News: 14th February 2022 - 20th February 2022
Startup News: 07th February 2022 - 13th February 2022
Startup News: 31st January 2022 - 06th February 2022
Startup News: 24th January 2022 - 30th January 2022
Startup News: 17th January 2022 - 23rd January 2022
Startup News: 10th January 2022 - 16th January 2022
Startup News: 03 January 2022 - 09 January 2022
We, at OpenGrowth, are constantly looking for the latest news in the startup ecosystem. If you want to share any important news from last week, then do let us know in the comment section below.
