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Automation Anywhere, one of the best-funded RPA providers with over $1 billion capital raised to date, went the debt route this week, securing a $200 million loan from Silicon Valley Bank, SVB Capital and Hercules Capital. Debt raises aren’t necessarily a bad thing — they’re a useful tool, particularly for companies with high annual recurring
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Eric L. Sophir Contributor Matthew Horton Contributor Matthew Horton is a senior counsel and IP lawyer at law firm Foley & Lardner LLP where he focuses his practice on patent law and IP protections in cybersecurity, AI, machine learning and more. Early-stage companies are innovating new artificial intelligence-based solutions, but they often face questions as
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Form Energy closed a $450 million Series E fundraising round yesterday to continue its work turning iron into rust. The round was led by TPG Rise Climate and joined by new investors GIC and Canada Pension Plan Investment Board. Existing investors ArcelorMittal, Breakthrough Energy Ventures, Capricorn Investment Group, Coatue, Energy Impact Partners, The Engine, NGP
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When Russia invaded her home country of Ukraine, U.K.-based tech entrepreneur Irra Ariella Khi, co-founder of Zamna, set up a fundraising page to directly support people inside Ukraine. Khi’s father (aged 70) and godmother (aged 82) are both in Ukraine, as are her stepsister and her children. Khi then temporarily stepped back from her day
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What constitutes a big phone in 2022? It’s been a moving target for a number of years now — albeit a target that has been steadily moving in a single direction. It’s tough to determine the exact average display size, but most flagship smartphone screens generally fall somewhere between six and seven inches. In 2010,
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It’s a rote story by now that many populations around the world are facing rapid decline. Birth rates in many countries are falling, leading to concerns about graying populations engendering imbalanced economies. That’s true when we consider nation-level populations. It’s also true when we consider the rate at which new unicorns are born, measured by the
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To state the (painfully) obvious: The fates of agriculture and climate change are inextricably linked. The weather dictates what grows where and when, but as the Earth warms beneath a wool blanket of excess carbon, agriculture is especially vulnerable in ways you might not expect. Record-setting heat and droughts fry grasses that farmers depend on
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A Kenya-based venture studio with a focus on tourism, Purple Elephant Ventures (PEV), has raised $1 million pre-seed funding to build the next generation of startups that use technology to modernize the tourism sector. Investors participating in this round include Klister Credit Corp., a Canadian investment firm, The Untours Foundation, and a number of angel
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