Dec 9, 2021

Polygon acquires ZK-rollups startup Mir Protocol for $400 million By Yogita Khatri  1 hour ago Polygon has acquired Ethereum scaling startup Mir Protocol for $400 million. The deal involves 190 million MATIC tokens and $100 million worth of USDC, Polygon co-founder Mihailo Bjelic told The Block. Polygon (formerly Matic Network) has made yet another acquisition in the ZK-rollups space, buying Mir Protocol for $400... TAMPA, Fla. — Israeli startup hiSky said Dec. 8 it raised $30 million to mass-produce compact terminals designed to connect internet of things (IoT) devices to satellites in multiple orbits. Singapore-based aerospace and defense technology provider ST Engineering led hiSky’s Series A funding round, which also attracted the United... Funding for legal-tech has surprassed $1 billion for 2021 so far. VC firms, private equity, and even traditional law players are pouring money in. Check out these 9 pitch decks for examples of how legal-tech startup founders sold their vision. As law firms and their clients seek to digitize and... Investment firm Andreessen Horowitz (a16z) announced Monday that it invested in Mysten Labs, a blockchain and Web3 development company co-founded by four ex-Meta employees. CNBC first reported the investment figure to be $36 million. The CEO of Mysten Labs is Evan Cheng, former director of research and development (R&D) at... Startups are the very foundations which keep the economies at large ticking. Hedging process for capital outgrowth for the new age ideas are the quintessential backdrop of growth platforms. This inturn creates a potential growth benefit for the companies and poppulation it caters to. So why do we think that... 2021 is a blockbuster year for Ethereum–a decentralized opensource platform that enables developers to build decentralized applications (dApps) and deploy smart contracts that employ blockchain technology. However, as the mainstream Ethereum adoption continues to grow, a new problem began to emerge: scalability. As more and more users on the Ethereum... Yellow.com, Inc. and Openware, Inc. announced that they had finalized the merging process, creating a global settlement network for their customers. The two companies will operate under the new name of Yellow Group. The combined umbrella brand has over 120 employees worldwide and multiple offices and coworking spaces in the... The investors are looking to purchase tokens worth $50 million to $150 million, sources said, requesting anonymity as the talks are private. As is common with these token transactions, investors will be able to buy the coins at a slight discount. (20% discount on the average price of MATIC in the past one month, from what I have heard.) Free crypto trading terminal Aurox is preparing to go live on the Polygon Network to make it easier, faster and cheaper to trade and lend crypto minus the unnecessary fees and arbitrage opportunities that only serve to enrich middlemen. Polygon is a layer-2 interoperability and scaling solution that allows developers... SSR Mining Inc. SSRM-TSX, NASDAQ, SSR-ASX] said Thursday it has struck a friendly deal to acquire Taiga Gold Corp. [TGC-CSE] in a friendly transaction worth $27 million or 26.5 cents per share. The deal has received unanimous approval from the board of directors of both companies. The offer price represents... Freestar, a Phoenix-based company that makes software for online advertising management, has acquired Triple13, a London startup that works on monetizing mobile web traffic. Freestar announced the purchase on Wednesday, terms of the deal were not disclosed. Freestar and Triple13 both build software platforms that connect publishers putting things on... A computing startup with Madison ties is aiming to improve advanced computing in order to accelerate innovation in fields like aviation, semiconductors and electric vehicles. FlexCompute Inc. recently raised $22 million to build a team to work toward that mission, according to a Monday announcement. The Series B round was led by New York City's Coatue Management LLC and also included other investors. San Diego oncology startup Lengo Therapeutics is being acquired by publicly traded Blueprint Medicines for $250 million in cash — and possibly more if it hits certain milestones — to push forward an experimental precision treatment for patients with non-small-cell lung cancer. The deal announced Monday, Nov. 29, aims to... – Financial navigation technology company TailorMed acquires Vivor to create the largest provider and pharmacy network. – The combined companies will offer the most comprehensive solution for addressing unprecedented financial pressures on patients and healthcare organizations. Israeli startup TailorMed, a leading financial navigation technology company that helps healthcare organizations and... Wintermute, a leading digital asset market maker, announced today that it has launched a $20 million fund to bootstrap dApp development on Polygon. In a press release shared with CryptoSlate, the company said that the fund is part of Wintermute’s newly established strategic partnership with Polygon. Wintermute to pour millions... Deloitte Digital, a major worldwide content creation business, stated today that it had acquired Ad2Pro Global Creative Solutions Private Limited ("Madras Global"). 's capabilities in content production, marketing automation, extended reality, and media ad production have been strengthened as a result of the acquisition, making it easier for chief marketing officers to deliver end-to-end content solutions that deliver personalised customer experiences and drive. Acuant Inc., a Westchester-based identity verification firm, was acquired by U.K.-based GB Group for a cash-free, debt-free enterprise value of $736 million. The Nov. 18 deal will combine the companies’ product portfolios to provide end-to-end capabilities and an enhanced technology platform that will support both companies’ existing networks of partners and customers. The companies manage billions of global transactions across multiple industry sectors. Crypto exchange Coinbase has acquired the crypto wallet startup BRD, according to a notice from its leadership team. In a letter address to BRD's customers published on Wednesday, co-founders Adam Traidman and Aaron Voisine said: "Today, we would like to share the news that members of our team will be continuing our mission at Coinbase, where we will work together to bring the power of decentralization to even more users around the globe." Mumbai-headquartered financial giant Edelweiss led the new investment tranche. IIFL, Siddhant Partners, Tejal Merchantile, Hero Enterprise also poured money, Bangalore-headquartered Ola said in the filing, which was first reported by Indian news outlet Entrackr. The new investment comes five months after SoftBank-backed Ola raised $500 million in a round, one... martechseries.com Acquisition brings immediate revenue and further bolsters and supports Fobi’s geographic coverage and scale to already existing footprint with recent acquisitions of Passcreator and PassWallet. Fobi AI Inc., a leader in providing real-time data analytics through artificial intelligence to drive customer activation and engagement, is pleased to announce the... A Google search brought Miventure Inc. from New York City to Orlando, a move that paid off for the startup less than two years later in the form of an acquisition. Miventure, developer of a crowdfunding investment app for startups, was purchased by St. Paul, Minnesota-based Silicon Prairie Holdings Inc. for an undisclosed amount, the companies announced in November. As a result, the two will join forces to build an improved investment crowdfunding portal for businesses, Miventure co-founder and former CEO Jason Crystal told Orlando Inno.