Ondas Readies $30 Million Nasdaq Uplisting

Ondas (ONDS) intends to raise $30 million from the sale of its common stock in an uplisting/Nasdaq public offering, according to an amended registration statement.

Sunnyvale, California-based Ondas Networks was founded in 2006 to provide wireless data radio technologies for IoT applications in the electric utilities, oil & gas, water, rail, transportation as well as government industries.

Management is headed by Chairman and CEO Eric A. Brock, who has been with the firm since 2017 and was previously Portfolio Manager at Clough Capital Partners.

Ondas’ lead product is FullMAX, a software defined radio [SDR] system consisting of a wireless base station, fixed and mobile remote radios as well as supporting technology for wide-area broadband networks that enable secure industrial-grade connectivity.

The company’s SDR equipment is fully IEEE 802.16s compliant, has the ability to use frequencies between 30 MHz and 6 GHz, and has a wide coverage of up to 30

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Teen banking app Step reaches for the stars to raise $50 million

LONDON (Reuters) – Teen banking app Step has raised $50 million (37.4 million pounds) from investors led by Coatue Management alongside celebrities such as singer Justin Timberlake, influencer Charli D’Amelio and former quarterback Eli Manning.

Step, which offers teenagers a bank account connected to a secured spending card and peer-to-peer payments, also said it had secured funding from existing backers including Stripe, Will Smith’s Dreamers VC, CrossLink Capital and Collaborative Fund.

San Francisco-based Step allows parents to view balances and real-time activity, add money to their teens’ accounts and manage and freeze cards. It does not charge fees but makes money from card interchange.

Other stars involved in the fundraising included The Chainsmokers, Kelvin Beachum, Larry Fitzgerald and Andre Iguodala, Step said in a statement on Wednesday.

The startup, which has attracted more than 500,000 users since launching two months ago, will use the funding to grow the team and

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Bizzabo raises $138 million as events industry goes hybrid

Bizzabo, a platform that helps businesses run hybrid events spanning the online and offline spheres, has raised $138 million in a series E round of funding led by New York-based VC firm Insight Partners.

The raise comes as the COVID-19 crisis leaves what is likely to be an indelible mark on the trillion-dollar events and conference industry, with many businesses preparing to retain digital elements of their events they were forced to embrace in 2020. Web Summit, one of Europe’s largest technology conferences, recently confirmed that it has already booked the venue for its brick-and-mortar return next year, with the goal of hosting 70,000 in-person attendees — plus up to 80,000 online using a platform it developed itself. News outlet Reuters also confirmed that it would be adopting a hybrid events model next year, combining local networking meetups with online incarnations after it saw some success with this approach during

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Northern California county to pay $10 million after shooting, paralyzing Silicon Valley software engineer

By OLGA R. RODRIGUEZ | The Associated Press

SAN FRANCISCO  — A Northern California county has agreed to pay nearly $10 million to settle a lawsuit by a Silicon Valley software engineer who was having a mental health crisis when a deputy shot him, paralyzing him from the waist down.

Placer County agreed to pay Samuel Kolb, 50, and his family $9.9 million to settle a lawsuit the family filed after a deputy shot him twice on Jan. 14, 2018, inside a North Lake Tahoe rental cabin where Kolb and his teenage son were vacationing, Kolb said.

“There’s a measure of relief in not having to go through this and not having to put my family through any more legal challenges. But I would trade all the money plus interest to have my old life back, to not have gone through this and put my family through this, to have

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Sensor Tower: Genshin Impact brings in nearly $400 million in 2 months on mobile

Genshin is sure having an impact on MiHoYo’s bottom line.

Mobile analytics firm Sensor Tower said today that Genshin Impact has brought in an estimated $393 million in the first two months after its September 28 launch. But the firm also noted that spending in the second month didn’t keep up with its first month ($245 million).

The free-to-play open-world role-playing game is on iOS and Android, but it’s also a hit on the PC, the PlayStation 4, and the Nintendo Switch. And it also runs on the PlayStation 5.

For a few weeks, Genshin captured the gaming zeitgeist (and and estimated $245 million in spending in its first month), with the Zelda: Breath of the Wild-esque game inspiring myriad discussions on social media and spawning numerous streams and videos on Twitch and YouTube. Along with Among Us and Fall Guys, Genshin showed how games with social elements could thrive

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Sigilon Therapeutics Proposes Terms For $101 Million IPO

Sigilon Therapeutics (SGTX) has filed to raise $101 million from the sale of its common stock in an IPO, according to an amended registration statement.

Cambridge, Massachusetts-based Sigilon was founded to develop its Shielded Living Therapeutics platform which uses advanced techniques to create therapeutic molecules for the treatment of rare blood disorders, lysosomal storage diseases and endocrine diseases.

Management is headed by Rogerio Vivaldi Coelho, MD., who has been with the firm since 2018 and was previously EVP and Chief Global Therapeutics Officer at Bioverativ until it was acquired by Sanofi in 2018.

Below is a brief overview video of Sigilon’s approach:

Source: Alliance for Regenerative Medicine

The firm’s lead candidate, SIG-001, is being developed to treat patients with Hemophilia A.

The potential advantage of the drug is that it would avoid life-long repeat intravenous administrations in favor of being ‘administered intraperitoneally..[with] each dose to have a duration of three

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Italy Fines Apple $12 Million for Misleading iPhone Water Resistance Claims

Apple has been slapped with a 10 million euro ($12 million) fine by Italy’s antitrust watchdog for unfair commercial practices related to its iPhone marketing in the country.

One of the Apple ads cited in the Italian watchdog’s proceedings (credit: setteBIT)

Specifically, Apple is being charged for misleading claims in promotional messages about how deep and how long iPhones can be submerged in water without being damaged.

In marketing materials related to ‌iPhone‌ 8, ‌iPhone‌ 8 Plus, iPhone XR, iPhone XS, ‌iPhone XS‌ Max, iPhone 11, ‌iPhone 11‌ Pro and iPhone 11 Pro Max, Apple said its iPhones were water resistant at a depth of between one and four meters for up to 30 minutes, depending on the model.

However, according to the country’s competition regulator, the messages did not clarify that the claims are only true under specific conditions, for example during controlled laboratory tests with the use

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Seer Readies $150 Million IPO Plan

Seer (SEER) has filed to raise $150 million from the sale of its Class A common stock in an IPO, according to an amended registration statement.

Redwood City, California-based Seer was founded to develop instruments to analyze proteins for basic research and discovery.

Management is headed by co-founder and CEO Omid Farokhzad, M.D., who was previously Professor at Harvard Medical School and co-founded BIND Therapeutics, Selecta Biosciences and Tarveda Therapeutics.

Below is a brief overview video of proteomics research:

Source: Sensu Film

The firm is developing what it calls the Proteograph Product Suite, ‘which will leverage our proprietary engineered nanoparticle [NP] technology to provide unbiased, deep, rapid and large-scale access across the proteome.’

Investors in the firm have invested at least $167 million and include Maverick Capital, Invus Public Equities, aMoon Fund, Fidelity, Emerson Collective and T. Rowe Price.

According to a 2016 market research report by Grand View Research,

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Guggenheim says it could invest up to $530 million in a bitcoin trust as the cryptocurrency flirts with new record highs



a close up of electronics: REUTERS/Stephen Lam


© REUTERS/Stephen Lam
REUTERS/Stephen Lam

  • Guggenheim Partners revealed in a Friday regulatory filing that its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust.
  • The trust solely invests in bitcoin, and a 10% bet from Guggenheim’s fund equates to roughly $530 million.
  • The filing comes as bitcoin climbs back above $19,000 after tumbling through the Thanksgiving holiday. Though the token has more than doubled through the year, it still trades below its 2017 record of $19,783.06.
  • Watch bitcoin trade live here.

Guggenheim Partners is the latest Wall Street firm to show interest in bitcoin, and a Friday regulatory filing signals the firm could make a massive investment in the soaring cryptocurrency.

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Guggenheim revealed its Macro Opportunities Fund holds the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust, according to a

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Enterprise AI software maker C3.ai sets terms for $504 million IPO

C3.ai, which provides a SaaS platform for deploying enterprise AI applications, announced terms for its IPO on Monday.

The Redwood City, CA-based company plans to raise $504 million by offering 15.5 million shares at a price range of $31 to $34. Insider BlackRock and new investor Capital Research Global Investors intend to purchase a combined 20% of shares in the offering. Koch Industries and Microsoft intend to purchase a combined $150 million in a concurrent private placement. At the midpoint of the proposed range, C3.ai would command a fully diluted market value of $4.3 billion.

The company provides SaaS applications that enable the rapid deployment of enterprise-scale AI applications on Azure, AWS, the IBM Cloud, Google Cloud Platform, or on-premise. Its two primary families of software solutions include the C3 AI Suite, which is a comprehensive application development and runtime environment that is designed to allow its customers to

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