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Google has made a significant investment in TAE Technologies, a company focused on fusion power. This move underscores the tech giant's commitment to advancing clean energy solutions and highlights the growing interest in fusion technology as a viable energy source for the future.
Israeli cybersecurity startup Zero Networks has secured $55 million in a mid-stage funding round, raising its total funding to over $100 million. Since its last funding round in late 2023, the company has experienced a 300% revenue growth and tripled its customer base, driven by its technology aimed at preventing ransomware and cyber attacks. The funding round was led by Highland Europe, with participation from existing investors F2 Venture Capital and PICO.
AI-driven code generation startups are experiencing soaring valuations as companies seek to leverage technology to enhance or replace costly software engineers. Cursor, a San Francisco-based startup, exemplifies this trend, raising $900 million at a $10 billion valuation in May, highlighting the growing interest in generative AI for software development.
Paul Dawalibi has been appointed as the new CEO of RAK Digital Assets Oasis, aiming to establish an innovation hub in Ras Al Khaimah that rivals Silicon Valley. He emphasizes creating a unique environment focused on technology and innovation, moving beyond traditional free zone offerings. Outgoing CEO Dr. Al Ansari praised Dawalibi as a "global icon," highlighting his leadership as vital for the next growth phase of RAK DAO.
ByteDance's acquisition of Tokopedia is viewed as a potential missed opportunity for Indonesia, with concerns about the impact on the local tech landscape. Meanwhile, Da Nang is emerging as a promising startup hub in Vietnam, attracting AI and semiconductor firms with incentives and proactive government support. The rise of "vibe coding" among small, AI-native teams could position Vietnam to produce its next unicorn within two years, shifting its reputation from a mere launchpad for foreign tech companies.
ConSensys has acquired Web3Auth to enhance the user experience of its MetaMask crypto wallet. This acquisition aims to tackle a significant issue in self-custody: seed phrase management, as 35% of crypto wallet users risk losing their funds due to inadequate backup practices.
Japanese startup Ispace is set to attempt a lunar landing with its Resilience lander on June 6, 2025, targeting Mare Frigoris. This mission follows a previous failure in April 2023 and carries multiple payloads, including the Tenacious microrover developed with the European Space Agency. If successful, it will mark the first European-built rover to land on the moon, highlighting the shift towards private lunar exploration and the emerging cislunar economy.
Latvian robotics startup Aerones has secured $62 million in equity funding, led by Activate Capital and S2G Investments, to enhance its AI-enabled wind turbine maintenance operations globally. The company aims to reduce maintenance time by half, significantly cutting costs and downtime for energy firms. With plans to raise an additional $15-20 million in venture debt, Aerones is expanding its presence in the U.S. and has already generated nearly 400,000 MWh of clean electricity since 2020, avoiding 165,000 tonnes of carbon emissions.
Infleqtion, a Boulder-based quantum technology firm, has raised $100 million in a Series C funding round, backed by investors like Glynn Capital and Morgan Stanley. The funds will be used to scale atom-based quantum systems and expand their deployment in commercial and government sectors, including a partnership with Japan’s Science and Technology Agency.The quantum industry is rapidly evolving, with Infleqtion reporting $30 million in annual revenue and a $200 million customer pipeline, indicating a shift from research to revenue-generating products. National security interests are driving adoption, as defense agencies invest in quantum technologies to enhance capabilities.
Consensys has acquired Web3Auth, a Web3 authentication platform, to enhance its products like MetaMask with improved wallet features and security measures. Web3Auth, which supports nearly 50 million users and over 8,200 dApps, will maintain its brand identity while integrating social logins and multi-factor authentication to streamline onboarding. This acquisition reflects a trend in the Web3 space towards prioritizing user experience and security through advanced technologies like multi-party computation.
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Google invests in TAE Technologies for fusion power advancements
22:18 03.06.2025
Israeli cyber startup Zero Networks secures 55 million in funding round
13:44 03.06.2025
sky-high valuations for ai code generation startups attract corporate interest
12:52 03.06.2025
gaming veteran paul dawalibi appointed ceo of rak digital assets oasis
11:36 03.06.2025
vietnam's tech scene embraces vibe coding for future unicorn potential
11:30 03.06.2025
consensys acquires web3auth to enhance metmask user experience
08:50 03.06.2025
Japanese startup Ispace aims for historic lunar landing with Resilience lander
08:40 03.06.2025
Latvian startup Aerones secures 62 million dollars for wind turbine robotics expansion
07:10 03.06.2025
Infleqtion raises 100 million to advance atom-based quantum technology solutions
06:50 03.06.2025
consensys acquires web3auth to enhance wallet features and user onboarding
05:31 03.06.2025
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