AbsoluteMarket has previously covered Move AI, a UK-based company founded four years ago, known for its smartphone app capable of generating 3D motion capture models from standard 2D video footage. Now, this innovative company, poised to disrupt the long-standing and costly traditional method of 3D motion capture used in sports,…Continue Reading
Databricks has announced its acquisition of Arcion, an enterprise data company, in a deal valued at approximately $100 million, including performance-based incentives. CEO Ali Ghodsi shared this information with CNBC prior to the official announcement scheduled for Monday. Databricks primarily offers a data analytics tool driven by deep learning, an…Continue Reading
Stoke Space made an announcement on Thursday that it successfully secured $100 million in funding, marking a significant step forward in the Kent, Washington-based company’s pursuit of developing a new generation of fully reusable rockets with the goal of reaching orbit by 2025. CEO Andy Lapsa expressed his enthusiasm in…Continue Reading
Explorium, a Tel Aviv-based startup, has unveiled its achievement of raising a total of $19 million in funding through various rounds. Notably, Emerge and F2 Capital contributed $3.6 million in a seed round, while Zeev Ventures led a $15.5 million series A round. This significant capital infusion comes on the…Continue Reading
Deduce, the pioneering technology platform uniquely engineered to thwart AI-generated identity fraud, has today unveiled $9 million in funding. This funding round is spearheaded by Freestyle Capital, with further investments from Foundry and True Ventures. These financial resources will propel Deduce’s GenAI Identity fraud solution out of stealth mode and…Continue Reading
SynOption, a financial technology startup headquartered in Singapore, recently introduced its platform for electronic foreign exchange options (FX options) trading earlier this month. As an institutional platform, the fintech startup enables traders and investors to request quotes from several different banking institutions for the purpose of executing foreign exchange options…Continue Reading
Tonik Digital Bank, a Philippine subsidiary of Singapore-based fintech startup Tonik Financial, has secured regulatory approval from Bangko Sentral ng Pilipinas, which is the central bank of the Philippines, to operate financial services as the country’s first digital bank. The approval from Bangko Sentral ng Pilipinas will enable the neobanking…Continue Reading
HSBC, the multinational banking and financial services company that has total assets of US$2.5 trillion and is the largest bank in Europe, is looking to move nearly 40% of its private placements assets onto a blockchain-based platform called Digital Vault. The banking titan currently looks after US$50 billion worth of…Continue Reading
Pan-asian payments services startup 2C2P recently announced that they have successfully raised US$52 million from the World Bank Group’s International Finance Corporation (IFC), early stage venture capital firm Arbor Ventures and under-invested emerging digital markets-focused venture capital firm Cento Ventures. The newly acquired funds brings the total amount of investment…Continue Reading
Malaysia-based venture capital firm Vynn Capital forms partnership with Japan’s advisory and consulting company OPTI to facilitate the growth of collaborations and investments between the two regions. Based in Kuala Lumpur, the capital city of Malaysia, early stage venture capital firm VYnn Capital recently announced their strategic alliance with Japan’s…Continue Reading