World business news 28.04- 03.05

Apploi raises $25 million to help with the healthcare hiring shortage

There is an employment crisis in the healthcare industry. According to a recent Morning Consult survey, nearly 20% of medical staff have left their professions due to the epidemic. Before the emergence of COVID-19, some studies estimated the cost of burnout in the healthcare system to be around $4.6 billion per year, a figure that has undoubtedly risen.

In order to solve the problems, businesses have increased benefits and hired more people. However, they still confront challenges, such as lengthy onboarding and employee verification.

Khazna, an Egyptian financial super app, has raised $38 million in funding from Quona Capital and Lendable

Two out of every three Egyptians have little or no access to official financial services, despite the fact that 50 percent of the country’s 100 million citizens own smartphones.

While banks work hard to provide financial services to the underbanked and unbanked in the North African country, startups are also contributing. Khazna, a Cairo-based “finance super app” that has raised a $38 million Series A in debt and equity, is one such service. Since its establishment, the company has received a total of $47 million in funding.

Black Crow AI has raised $25 million in order to forecast which things e-commerce users would purchase

Data analytics is proving its utility in the post-pandemic period, when digital storefronts have become the norm for retailers. Client data analysis tools can help with inventory management, supply chain management, fraud detection, and predicting which items will appeal to specific customer segments. These benefits, as well as their capacity to estimate inventory and analyze the efficiency of marketing initiatives, have propelled predictive analytics software sales to new highs. The predictive analytics market made $8.12 billion in 2020, according to Zion Market Research, and is expected to produce $39.1 billion by 2028.

Antimatter acquires $12 million in Series A funding to assist SaaS companies protect their client data

The security standards on SaaS firms are continually increasing as SaaS becomes the standard for most commercial applications. When users require their data to be sandboxed or kept in a certain geographic zone, the workload for development and security teams grows exponentially. Antimatter, which is emerging from stealth today and releasing its service into private beta, provides a unique approach to these issues. It gives SaaS organizations the cryptographic infrastructure they need to prove that a service meets their residency, governance, and tenancy criteria by encrypting data in transit, at rest, and during execution, using secure enclaves.

In addition, the company announced today that it has raised $12 million in a Series A round led by NEA, with participation from other investors.

Deepki has been awarded $166 million to assist real estate investors in lowering carbon emissions

Deepki, a French business, has raised $166 million (€150 million) in a Series C fundraising round. For the real estate industry, the company is developing a software-as-a-service platform. It’s a monitoring and analytics tool that aids in better decision-making.

Deepki allows businesses to measure and evaluate ESG (Environmental, Social, and Governance) metrics, beginning with carbon emissions generated by their real estate assets.

What you can’t quantify, you can’t reduce. Deepki first gives you a thorough picture of your carbon emission performance, which is important for real estate investors who wish to reduce their environmental effect with new and existing projects.

With a fresh $100 million, LinkSquares reaps the rewards of the legal tech boom

LinkSquares, a business that develops intelligent software that helps brands maintain and write new contracts, said today that it has raised $100 million in Series C funding led by G Squared, demonstrating that there is a solid market for contract management solutions. The round, which included new investor G2 Venture Partners as well as current investors, brought the startup’s total fundraising to $161.4 million at a valuation of $800 million.

Pensando, a data center efficiency startup, will be acquired by AMD for $2 billion

AMD is in the chip business, and a large part of that these days entails massive data center operations. As the scale grows, efficiency becomes increasingly important, and the ability to maximize efficiency for certain workloads becomes increasingly important.

AMD stated today that it plans to buy Pensando, a data center efficiency business, for $1.9 billion. A programmable packet processor is one of the company’s products, and it regulates how workloads travel through the hardware infrastructure, shifting work away from the CPU wherever possible to improve performance. The company claims that its product performs 8x to 13x better than competing products from Nutanix, VMware, Cisco, and others.

ZirooPay raises $11.4 million to expand its mobile POS solutions for Nigerian shops

According to Statista, the number of POS terminals in Nigeria increased from 150,000 in 2017 to 543,000 in April 2021. The amount of POS payments in the country has expanded dramatically over that time, reaching more than 500 billion in May 2021.

POS machines are used in Nigeria to handle card payments at retail outlets and for agency banking, a branchless banking system in which agents operate as human ATMs. While terminals have a variety of suppliers (banks and fintechs) and functionality, they all work largely online, with only a few having offline capabilities.


Your email address will not be published. Required fields are marked *