Catherine Badour
Wealthsimple, a Toronto-based online wealth management startup, has raised $51 million (36.58 million pounds) in funding from Power Financial Corp (PWF.TO), as it seeks to compete in the increasingly crowded digital investment advice market, Reuters reported.
Israeli cybersecurity startup Morphisec said on Monday it has raised $12 million in new funding, bringing its total to date to $20 million.
Germany’s Robert Bosch [ROBG.UL] on Wednesday created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small U.S. ride services company as part of the strategic shift, Reuters reported.
U.S. analytic software firm Uptake Technologies is set to announce it has hired one of General Electric Co’s (GE.N) top digital executives as it pursues a potential trillion-dollar market for systems that analyze data from industrial equipment, sources told Reuters.
Israel’s OrCam, which has developed a visual aid for the blind, has completed a funding round that values the company at $1 billion, putting it on track for a planned initial public offering (IPO), Reuters reported.
Israel’s CommonSense Robotics, whose technology enables retailers to offer quick and affordable grocery deliveries, said on Thursday it has raised $20 million in an early-stage investment round, bringing its total funding to $26 million.
JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond.
Amazon.com Inc paid about $90 million to acquire the maker of Blink home security cameras late last year, in a secret bet on the startup’s energy-efficient chips, sources told Reuters.
China’s Tencent Holdings Ltd will invest 3 billion yuan ($474 million) in smaller peer Shanda Games, the target firm said in a statement to Reuters on Friday, a move that will boost Tencent’s lead in the local video game market.
China’s biggest e-commerce company Alibaba Group Holding Ltd will invest $486 million for a stake in a domestic big- data firm focused on hotels and retail, as part of a push to deepen its offline presence, Reuters reported.