NEWS

Figure

Sixth Street invested $200 million in Figure, a blockchain lender, to support up to $2 billion in new consumer loans, boosting Figure's expansion in home equity, business, and crypto-backed lending.

Figure

Figure Technology Solutions Inc. appointed Michael Tannenbaum as CEO, replacing co-founder Mike Cagney who remains executive chairman. The fintech firm is restructuring for a potential IPO, focusing on blockchain-based lending products.

Hailo

Hailo secured an additional $120 million in funding from Israeli investors, totaling $340 million, introduced their new AI processor, Hailo-10, for edge computing, and aims to invest in chip technology to compete with Nvidia in the AI market.

Innoviz

Volkswagen's ID. Buzz AD vehicle, developed with Mobileye and equipped with Innoviz's lidar units, aims for Level 4 autonomous driving, targeting commercial deployment in the US and Europe by 2026.

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FIGURE

Figure, Roblox, Coinbase, Circle, and other companies are ranked among the Top 10 Most Innovative Blockchain Companies by Fast Company.

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REVEL

Revel, initially an electric moped-share startup, pivoted under CEO Frank Reig to build fast-charging infrastructure for electric vehicles in urban areas, becoming a key player in the urban EV transition.

REVEL

Revel is adding Kia Niro EVs to its fleet, approaching a total of 300 EVs in New York City. This expansion aims to diversify the fleet and support the city's goal of fully electrifying the rideshare industry by 2030.

AMPUP

AmpUp partners with Twilio to provide reliable connectivity for its EV charging station management software.

HAILO

Hailo has launched a family of high-performance vision processors designed for integration into intelligent cameras, enabling unprecedented video processing and AI analytics at the edge.

KLARNA

Klarna, the global leader in the generational shift away from credit cards, has announced strong momentum in the US, with a 71% YoY increase in GMV and the market has become Klarna's largest market by revenue.