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Spearbit raises $7M to improve security audits in crypto through its open marketplace

TechCrunch · 2y ago

Spearbit raises $7M to improve security audits in crypto through its open marketplace

Spearbit, a startup founded by Ethereum Foundation alumni, raises $7 million to bolster security in the crypto space. Spearbit aims to enhance security audits through Cantina, its open marketplace for web3 security auditors. The funding, led by Framework Ventures, will fuel product development and automation efforts. The platform aims to bring transparency to the web3 security market and improve auditors' work-life balance, challenging the traditional audit firm model.

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Crypto lender Maple Finance raises $5M to enter Asia amid regulatory clarity

TechCrunch · 2y ago

Crypto lender Maple Finance raises $5M to enter Asia amid regulatory clarity

Maple Finance, an on-chain, institutional credit marketplace that's aspiring to fill a gap left behind by the collapses of crypto lending heavyweights

A glimmer of hope as tourism trickles back into Kashmir, three months after Pahalgam attack

Economic Times

Economic Times · 1m ago

A glimmer of hope as tourism trickles back into Kashmir, three months after Pahalgam attack

Kashmir's tourism industry is slowly recovering, with corporate and leisure travelers gradually returning three months after a terrorist attack in Pahalgam killed 26 tourists. Hotel occupancy in Srinagar and Sonamarg is rebounding from zero to 20%. Despite challenges and ongoing security concerns, smaller corporate groups are hosting events in the region. Stakeholders remain hopeful, with plans to boost tourism through activities, roadshows, and reopening tourist destinations post-security audits, aiming for a brighter autumn and winter season.

StealthMole raises $7M Series A for its AI-powered dark web intelligence platform

TechCrunch · 1y ago

StealthMole raises $7M Series A for its AI-powered dark web intelligence platform

AI-powered dark web intelligence startup StealthMole has secured $7m in a series A funding round, which it will use to establish additional centres for research and development and support commercial uses of its technology, as well as aid geographical expansion. The Singapore-based firm tracks criminals using 255 billion data points, including information obtained from the dark web, deep web and leaked databases. The company, which has customers across 17 countries predominantly government and law enforcement agencies, was co-founded in 2022 by enterprise IT security expert Louis Hur and former South Korean military and intelligence adviser Simon Choi.

Chennai's Dvara KGFS raises $7M in debt from Enabling Capital

Inshorts · 1y ago

Chennai's Dvara KGFS raises $7M in debt from Enabling Capital

Chennia-based NBFC firm Dvara Kshetriya Gramin Financials (Dvara KGFS) has raised $7 million in debt through External Commercial Borrowings (ECBs) from Enabling Qapital (EQ). Dvara KGFS is a medium-tier NBFC that provides loans and other financial services to more than 2.41 million customers in rural India. The firm operates over 400 branches in 110 districts in 10 states.

Xampla Raises $7M in Funding

Finsmes · 1y ago

Xampla Raises $7M in Funding

Cambridge-based natural materials company, Xampla, has secured $7 million in funding, bringing their total funding to $17.6 million. The funding round saw participation from various investors including Amadeus Capital Partners and Horizon Ventures. Xampla plans to use the funds to expand their consumer brand, Morro, into new markets and advance the production of biodegradable, plant-based materials as alternatives to single-use plastics. The company's technology is already being used by notable brands and they aim to explore additional applications and optimize efficiency in collaboration with partners.

WazirX holds plan to 'socialise' ₹1,965-cr loss from breach: Report

CNBC

WazirX holds plan to 'socialise' ₹1,965-cr loss from breach: Report

Indian crypto exchange WazirX, that recently suffered losses worth ₹1,965 crore following a security breach, has put its plan to 'socialise' the losses among customers on hold, CNBC-TV18 reported. Following customer backlash, WazirX is now reportedly open to strategic investments, mergers and acquisitions. The exchange will likely propose a new solution to recuperate the losses in next few weeks.

Byju’s launches AI models amid financial woes; eyes cost efficiency, better outcomes

Money Control

Money Control · 2y ago

Byju’s launches AI models amid financial woes; eyes cost efficiency, better outcomes

Byju’s will also leverage these platforms to improve the teaching abilities of its tutors as the company would conduct audits of content using AI, which will lead to more efficiency, and thus Byju’s would be able to save costs on that front

Ember Sword Shuts Down After $7M Raised and $11M NFT Sales Amid Web3 Gaming Challenges; Aurory Beta Launch Planned | DeepNewz VC

deepnewz

deepnewz · 3m ago

Ember Sword Shuts Down After $7M Raised and $11M NFT Sales Amid Web3 Gaming Challenges; Aurory Beta Launch Planned | DeepNewz VC

Ember Sword, a crypto game, has shut down after raising $7 million and making $11 million in NFT sales. Despite its financial success, the game succumbed to challenges prevalent in Web3 gaming.

Kiki World, a beauty brand that uses web3 for customer co-creation and ownership, raises $7M from a16z

TechCrunch · 1y ago

Beauty startup Kiki World has raised $7m in a seed round co-led by Andreessen Horowitz's crypto fund and The Estée Lauder Companies' New Incubation Ventures. Kiki aims to allow consumers to co-create products and co-own the company using web3 technology. By voting on product features, community members earn points for free products and receive digital tokens. Kiki's on-demand approach also prevents excess inventory and saves resources. Kiki has currently launched five product collections and plans to expand beyond the beauty industry in the future.

Crypto investment startup BitSave raises pre-Series A round

Entrackr

Entrackr · 9m ago

Crypto investment startup BitSave raises pre-Series A round

Crypto investment platform BitSave has secured an undisclosed amount in its pre-Series A funding round led by Leo Capital. The proceeds will be allocated towards securing necessary licences, enhancing product offerings, and expanding brand awareness, BitSave said in a press release. Co-founded in 2022 by Zakhil Suresh, Sajal Sharma, Asif Kattakath, and Vishnu Karthkeyan, BitSave focuses on long-term passive investment solutions for working professionals and HNIs. The company’s products include a flagship crypto index product tracking the Bloomberg Galaxy Crypto Index, with a provision of monthly SIP. According to the Bengaluru-based company, it addresses critical pain points in the crypto investment landscape by simplifying asset selection, ensuring transparency, providing personalised support, and prioritising safety. It aims to make crypto an investor-friendly asset class, simplifies long-term crypto investments by offering passive investment products. BitSave asserts that it effectively addresses concerns around asset safety by storing client assets in insured institutional custody and making it visible on the blockchain through Proof of Reserves and Liabilities. The company claims to have grown its active client base to over 500 investors and managing assets exceeding Rs 4 crore. The platform aims to expand its operational geography from India to other Asian countries in 2025, in alignment with its vision of becoming a globally trusted crypto investment platform of choice.

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