India has updated official rules in the space sector to attract global investors and companies, after opening it up to private players four years ago.
The new foreign direct investment (FDI) policy raises limits on foreign investment, potentially spurring renewed interest in the South Asian space community.
Private and public actors in India have been taking measures to increase participation in the country’s space sector.
India has around 190 space tech startups, offering solutions including launch vehicles, space situational awareness and hyperspectral imagery.
Investments in Indian space startups reached over $124 million last year, per government data.
Up until now, you have had to give someone your phone number to chat with them on Signal.
Signal still requires a phone number when registering for the app.
Instead, they’re just a quick way to connect with someone on the app without sharing your phone number.
However, if you still want people to see your phone number when you message them, you can change the default setting in your “Phone Number” settings.
Signal is also introducing a new privacy setting that will let you control who can find you on the app with your phone number.
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.
“[AI] affects all parts of an investment fund, from analysts to partners and back-office functions,” Song said.
Dili isn’t the first to apply AI to the due diligence process.
Gartner predicts that by 2025, more than 75% of VC and early-stage investor executive reviews will be informed using AI and data analytics.
The question is, can Dili’s AI — or any AI really — be trusted when it comes to managing a portfolio?
Dili ran an initial pilot last year with 400 analysts and users across different types of funds and banks.
Alternative sources of liquidity are therefore top of mind — there’s a towering pile of private companies in need of an exit, or a bailout.
The Exchange explores startups, markets and money.
Note that TechCrunch, like many publications, focuses only on private unicorns while Cowboy Ventures is also counting those that have gone public.
But the good news is that some untraveled and overgrown exit paths have a chance of opening up this year.
Let’s talk private equity, startups, and their possible marriage this year.
Axiom Space is gearing up to launch its third fully private astronaut mission to the International Space Station.
Per NASA rules, all private missions to the ISS must be led by a former NASA astronaut.
Houston-based Axiom’s first private mission launched in April 2022 and the second followed in May 2023.
But Axiom is not stopping at private astronaut missions — as if that wasn’t ambitious enough.
Instead, the company aims to eventually attach commercial modules to the ISS, that Axiom owns and operates, which would detach by the end of the decade to become a free-flying Axiom Space Station.
United Launch Alliance’s Vulcan Centaur rocket has been rolled to the launch pad at Cape Canaveral Space Force Station ahead of its early Monday morning launch, a mission that could end with the first fully private spacecraft landing on the moon.
Vulcan’s primary payload is Astrobotic’s Peregrine lunar lander.
The two companies had been targeting a Christmas Eve launch, but ULA decided to postpone due to ground system issues.
“We are ready for launch, and for landing.”ULA and Pittsburgh-based Astrobotic are not the only firms with much riding on Monday’s launch.
That program, Commercial Lunar Payload Services (CLPS), has collectively doled out hundreds of millions to spur private development of moon landers.
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Yes, the International Entrepreneur Parole (IEP) program remains available, but the time it takes for the U.S.
“The [IEP] program requires private venture capital firms to justify their track record and that they’ve made good investments,” says Newbold.
Let me describe how the IEP program works and dive into how to qualify for IEP and offer alternatives.
India’s Ola Electric seeks to raise $661.8 million in an initial public offering, the Bengaluru-headquartered startup said in draft papers filed with the country’s market regulator on Friday.
The paperwork for the initial public offering follows Ola Electric raising $384 million from Temasek and Indian government-backed lender State Bank of India in a debt-heavy funding round in late October.
Led by Aggarwal, Ola Electric emerged out of the ride-hailing giant Ola in 2019.
He is also the Chairman and Managing Director of ANI Technologies Private Limited and has recently founded a new startup, Krutrim SI Designs Private Limited.
His involvement with ANI Technologies Private Limited and Krutrim SI Designs Private Limited may detract from the time that he is able to dedicate to our Company,” the prospectus added.
Alteryx, an Irvine, California-based software company developing data science and analytics products, today announced that it’s agreed to be acquired by private equity firms Clearlake Capital Group and Insight Partners in a deal worth $4.4 billion.
Clearlake and Insight reportedly beat out Symphony Technology Group, another private equity firm, which Reuters reported several days ago had been vying for Alteryx.
The Clearlake-Insight deal, which includes debt, values Alteryx’s equity at around $3.46 billion, reports Reuters — a 29.1% premium over the company’s closing share price on Friday.
After raising tens of millions of dollars from VC firms including Toba Capital, Insight, Sapphire Ventures, ICONIQ Capital and Meritech Capital Partners, Alteryx went public on the NYSE in 2017.
Today, Alteryx stands out as an industry leader with a differentiated platform that scales data democratization in a governed manner,” Stoecker said.
