Convinced that the infrastructure layer for truly decentralized social apps was lacking, he decided to fill the void, leading to Taiko’s inception in March 2022.
A truly decentralized social networkFor Wang, Taiko provides a critical building block for a social network that is truly owned by users.
The ideal decentralized social app, despite its greater technical challenges, could allow: “1.
Censorship resistance… and thus, freedom of speech.”One of the greatest challenges facing decentralized social apps is content quality and safety.
Each relayer can then filter content that reflects the “unique perspectives” of the underlying decentralized social network, thereby attracting diverse user bases.
MariaDB is the subject of another potential takeover bid, as the company behind the eponymous open source relational database management system (RDBMS) confirmed it had received a provisional offer from California-based K1 Investment Management.
In the months that followed, MariaDB received its first “unsolicited non-binding indicative proposal,” this time from existing investor Runa Capital which tentatively offered $0.56 per share in cash.
Three weeks later, Runa stated that it wouldn’t be acquiring MariaDB after all, but instead an associate company called RP Ventures would be providing a $26.5 million loan.
This news led MariaDB’s stock to more than double in a couple of days, which is why K1 is making its bid relative to MariaDB’s closing price before any forbearance agreement was announced.
So in many ways, K1 is perhaps better suited to take over MariaDB than Runa was, even if it ultimately decides against it.
Shamba Pride has since 2016 worked to enhance last-mile distribution for farm inputs and tackle price exploitation and quality issues for farmers through its merchant network dubbed digishops.
The agtech has, so far, built a network of merchants (agro-dealers) extending across 24 counties in Kenya, which represents just over half of the country.
The new funding, which includes $1.7 million equity, follows $1.1 million capital raised in 2021 from SAV and Gray Matters Capital.
“Agriculture distribution in rural communities is heavily controlled by agro-dealers who decide how farmers access inputs, services and training.
Shamba Pride sources inventory from partners such as French multinational Elephant Verve that supplies it with “climate-smart” farm inputs, which is part of the agtech’s strategy to build resilience for small-holder farmers.
In 2020, the startup raised $27.5 million in its Series E funding round led by Alphabet’s CapitalG.
It competes with the likes of Capital Float, Lendingkart and Indifi, which all work toward offering credit to small enterprises in the South Asian nation.
One key reason for startups like Aye Finance and others to gain enough traction in India is the lack of credit for small businesses.
“Aye Finance is on a growth journey, and we are delighted to partner with BII, who have a deep understanding of the financial services sector in India.
“Our investment in Aye Finance underscores our commitment to back companies that have a strong development impact philosophy and promote financial inclusion for India’s underserved groups.
What do companies need to do to manage all this data? The explosion in data volumes and sources is posing a new challenge for business intelligence (BI) and analytics systems.…
