Kavak invests $130M to expand its footprint in the Middle East

Renowned Mexican firm that operates as an online marketplace for used cars, Kavak, has reportedly expanded its footprint to the UAE (United Arab Emirates), Saudi Arabia and Oman. Carlos Garcia, the firm's chief executive, stated that....

Stears raises $3.3M to offer enhanced data and insights in Nigeria

Renowned data-powered intelligence startup, Stears, is delighted to announce a $3.3 million seed funding round headed by MaC Venture Capital. Apparently, Omidyar Group-owned Luminate Fund, Serena Ventures, Cascador (Empowering Economic G....

Syntiant & Imagimob partner to build production-ready tinyML applications

Imagimob, a leader in real-time artificial intelligence technology, has recently announced a partnership with Syntiant Corp, a well-known AI chip company, to deploy its tinyML platform with the latter’s ultra-low-power Neural Decision....

1,000 EV charging points installed across Delhi in a year, cites Govt

The city government has recently stated that it has completed the installation of around 1,000 EV (electric vehicles) charging points in a time span of less than one year under the Delhi EV policy 2020. According to Transport Minister, K....

N.Korea formulates measures for emergency health crisis & natural calamities

North Korea has reportedly proposed new guidelines on several approaches to deal with the country’s natural disasters situation and emergency health crisis at an important parliamentary meeting, informed the state media on Friday. ....

ZeroAvia buys HyPoint to strengthen hydrogen fuel-cell technology offering

British/American hydrogen-electric aircraft developer, ZeroAvia has wholly purchased HyPoint, a hydrogen fuel cell system provider, to strengthen its hydrogen-electric product portfolio. As per sources, ZeroAvia is developing powertrains....

Saudi’s Seera Group, Air Connectivity Program ally to drive tourism air connectivity

Saudi’s Seera Group, a reimagined Al Tayyar Travel Group, has reportedly collaborated with the Saudi Air Connectivity Program, an initiative the government took to enhance and develop tourism air connectivity in the kingdom. Appare....

Chanel pioneers ¬sustainability-linked bonds for combating climate changes

French luxury fashion house well-recognized for its perfumes and tweed suits, Chanel, has reportedly unveiled ­sustainability-linked bonds, or SLBs, to combat climate change two years ago when the firm was in need to borrow money. Th....

NLP Logix Partners and Databricks team up for Lakehouse Platform

NLP Logix, a well-known predictive modeling and machine learning leader, has recently announced that it has entered into a partnership with Databricks, an American enterprise software company, to drive business value by deploying data and a....

Elliptic Labs inks deal with Xiaomi to offer a proximity detection solution

Elliptic Labs, a global AI software company, has reportedly entered into a new agreement with Xiaomi, one of the third-largest smartphone manufacturers across the globe. With this agreement, Xiaomi will continue to leverage INNER BEAUTY,....