Canadian investing and financial technology platform Wealthsimple has agreed to an equity round of up to CA$425 million, which translates to approximately US$302 million, valuing the post-money company at CA$13.8 billion, or roughly US$9.8 billion. The significant funding round is being led by GIC, a prominent global investment firm that previously co-led Wealthsimple’s substantial CA$750 […]
Fusion energy startup Helion has been awarded $175 million in federal funding to research, develop, and manufacture advanced semiconductors and power electronics destined for its commercial fusion power plants, the company announced on Thursday. The three-year award was granted by the Department of Commerce under the CHIPS Act, a bipartisan legislative framework designed to bolster […]
In a landmark development for the European digital asset landscape, BIT Asset Management, the Zurich-based arm of cryptocurrency firm BIT, has received official regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) for its Bitcoin Fund ETF (BBIT). The milestone greenlight paves the way for what is slated to be the first exchange-traded fund […]
When Alex Baikovitz co-founded Mach9 Robotics in 2021, his overarching vision was relatively straightforward: he wanted to build a better, faster, and cheaper way for civil engineers to carry out visual inspections. From the outset, the startup aimed to cut through systemic red tape and modernize the notoriously slow, paper-heavy, and outdated processes that continue […]