World business news 18.09-24.09

$55 million was secured by a San Diego genomics toolbox business to enhance “big DNA.”

Replay, a San Diego-based genomics toolkit firm, announced on Monday that it has secured $55 million in seed funding for the development of technologies for distributing next-generation gene and cell therapies.

Replay was established in 2020 and has offices both here and in London. Administration, R&D, and other operations are currently carried out in San Diego. According to a firm spokesman, the majority of its 38 employees are based in the area. Adrian Woolfson, co-founder and president as well as executive chairman, will be located in San Diego.

PayMongo, a finance startup from the Philippines, partners with Atome

The collaboration will allow BNPL services to be expanded on the payment platform.

PayMongo, a finance firm located in the Philippines, has partnered with Atome, one of Asia’s top brands for buy now pay later.

As a result of the collaboration, PayMongo’s more than 10,000 merchants in the Philippines will be able to provide their consumers with various deferred payment alternatives without any additional annual or service costs.

Building a US$3.5 billion battery-material facility is a recycling firm founded by a Tesla co-founder

The company Redoodw Materials, led by former Tesla CTO JB Straubel, is constructing a US$3.5 billion factory in Nevada to manufacture battery components for electric vehicles (EV).

According to business spokesperson Alexis Georgeson, Redwood is constructing the factory south of Reno to produce anode material and cathodes, a costly black powder used in rechargeable batteries. Efforts to decarbonize the transportation industry and avert the worst effects of climate change include the use of electric vehicles (EVs).

Ocean farming startup Sea6 Energy raises $4.2 million with the addition of BASF Venture Capital to Captable

The ocean farming start-up Sea6 Energy, based in Bengaluru, has started its subsequent round of funding and added BASF Venture Capital GmbH as a new investor.

In an extraordinary general meeting held earlier this month, Sea6 Energy shareholders decided to distribute 9,744 equity shares and 512 fully paid up compulsory convertible preference shares to two of the company’s current investors, Aqua-Spark, a Dutch aquaculture fund, and Silverstrand Capital, a Singaporean firm, as well as new growth stage investor BASF Venture Capital GmbH.

These shares were allotted by the startup for $4.2 million. At the time the report was published, Sea6 Energy had not responded to any correspondence.

Vodium- Virtual teleprompter startup nets $100,000 from Google

Even though Camille Padilla’s firm uses a virtual teleprompter, it was an unplanned action that recently brought her $100,000 from Google.

The translucent teleprompter for Vodium, a Nashville-based technology business, appears on top of a user’s video call — close to that green dot — so that presenters may retain greater eye contact while giving a more cogent presentation. Padilla is the company’s president and co-founder.

Partnering with startup Veza is Google Cloud

Veza’s data security services are being used by Google Cloud to inform users of who has access to what data and what they may do with it.

Because they are known, the rooms’ locations are known, and access to the sensitive areas is controlled, security officials can map where people can go in a company’s facilities. However, especially in a multi-cloud setting, the security personnel occasionally do not know who, people or programs, can access different sorts of data.

To achieve its objective of rendering credit scores “obsolete,” TomoCredit seeks $22 million at a $222 million value

Early in 2019, Kristy Kim founded TomoCredit with the goal of making it easier for international students to get credit.

That mission has changed after three and a half years. TomoCredit is no longer solely focused on immigrants; it now strives to assist young adults who are in good financial health but have no credit score.

Today, Tomo is broadening its target audience to include SMBs and domestic students who want “to develop credit rapidly” in the United States.

Cartona, an Egyptian B2B e-commerce platform, raises $12 million to expand and look into other markets

Startups that enable consumers access items from sellers on a single platform continue to draw venture money from investors. These startups help businesses in the fast-moving consumer goods (FMCG) market handle their operational and supply-chain difficulties.

One of Egypt’s leading companies, Cartona, has raised $12 million in Series A funding to digitize the conventional trading industry, which includes mom-and-pop shops, FMCG makers, wholesalers, and distributors. Silicon Badia, an early-stage venture capital firm with offices in Jordan and the United States, served as the round’s lead investor. Sunny Side Ventures, the Arab Bank Accelerator, and the SANAD Fund for MSME, an impact investing fund for the Middle East and North Africa, also participated.


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