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Tech Funding, M&A, IPOs & Layoffs

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  1. SoFi Begins Rolling Out Interest-Earning Tokenized Deposits

    PYMNTS.com ·

    SoFi Technologies is rolling out a tokenized deposit for consumers that enables SoFi Crypto members to earn interest while keeping their funds accessible when needed, the company said in a Thursday (Oct. Each SoFi Earn (SOFIE) tokenized...

  2. Ebanx Adds Recurring Wallet Payments in Nigeria Through OPay

    PYMNTS.com ·

    Cross-border payments provider Ebanx launched recurring payments through Nigerian digital wallet OPay, according to a Thursday (Oct. The solution gives international subscription businesses another way to collect payments in a market...

  3. OCC Leaves Stablecoin Rewards Door Open as Banks Defend Deposits

    PYMNTS.com ·

    The week in digital assets was dominated by regulation. Banks face renewed competition for customers’ cash after federal regulators left room for cryptocurrency platforms to offer stablecoin rewards, setting up a contest over returns...

  4. Xona raises $250M at a $2.45B valuation to build a rival to GPS

    TNW ·

    Xona, a California startup building a satellite navigation network in low Earth orbit, has raised $250 million at a $2.45 billion valuation. Steve Jurvetson’s Future Ventures led the Series D, Xona said on Thursday. The round comes...

  5. Google funds a 1GW virtual power plant with Voltus on the PJM grid

    TNW ·

    Google will fund a 1 gigawatt virtual power plant run by Voltus on the PJM grid, to supply capacity for its operations there. The deal adds 1,070 megawatts to the 100 megawatts the two agreed in June, the companies said on Thursday. PJM...

  6. Indurex Raises $8 Million to Expand Industrial Cybersecurity Platform

    SecurityWeek ·

    The Amsterdam-based company plans to use the funding for research and development and commercial expansion in Europe and the Middle East. The post Indurex Raises $8 Million to Expand Industrial Cybersecurity Platform appeared first on...

  7. Why Engineers Should Brave Capitol Hill

    IEEE Spectrum ·

    When San Antonio–based software engineer Nikhil Jathar first went to Washington, D.C., to advocate for federal support for technology education and research funding, he was in awe of the opportunity. It was spring of 2025, not long...

  8. Iceye Expands SAR Satellite Network with Latest SpaceX Launch

    Electronics For You BUSINESS ·

    Four new Earth observation satellites deployed as production capacity doubles to meet growing global demand. Iceye has successfully deployed four additional synthetic aperture radar (SAR) satellites into low Earth orbit, further...

  9. Tonbo Imaging Cofounders Rake In ₹137 Cr From IPO

    Inc42 Media ·

    Tonbo Imaging’s promoters and investors have realised substantial gains from the company’s IPO, which closed earlier this week post witnessing an overwhelming demand from investors. The company’s three cofounders — CEO Arvind...

  10. Veteran ESA probe rolls out welcome mat for Japan's Phobos mission

    The Register ·

    Japan's mission to the Martian moon Phobos launched this week, with a veteran European probe expected to be waiting when it arrives. JAXA, Japan's space agency, confirmed that the Martian Moons eXploration (MMX) spacecraft launched...

  11. TravClan raises $5M from Flipkart, others

    YourStory RSS Feed ·

    TravClan, a traveltech startup, has raised $5 million in funding from Flipkart and August One, along with debt financing from Trifecta Capital. The startup said it will use the funds to expand its global supply network, enhance its...

  12. EA to layoff roughly 400 people amid BioWare studio shutdown

    Silicon Republic ·

    EA’s COO David Tinson and chief studios officer Cam Weber explained that they have taken a deeper look at the organisation, resulting in project cuts and job loss. Read more: EA to layoff roughly 400 people amid BioWare studio shutdown

  13. Cognizant to Acquire DyFlex Solutions to Expand SAP Capabilities

    Analytics India Mag ·

    Cognizant has entered into a definitive agreement to acquire DyFlex Solutions, an Australia-headquartered SAP services provider, expanding its planned SAP and artificial intelligence (AI) capabilities in Australia and New Zealand. The...

  14. Tesla’s profit falls 43% as it starts building Optimus robots

    TNW ·

    Tesla’s profit fell 43% in the third quarter as it spent heavily on AI, robots and self-driving cars. Net income came in at $787 million, down from $1.37 billion a year earlier, according to Tesla’s third-quarter update, published on...

  15. Optivolt Raises USD32 Million to Scale Solar Power Electronics

    Electronics B2B ·

    Optivolt has raised $32 million to scale its panel-integrated power electronics, designed to reduce energy losses under real-world solar conditions. The company has already shipped more than 20,000 panels incorporating the technology....

  16. Japanese-Themed Dining Chain Harajuku Tokyo Café Raises $3 Mn

    Inc42 Media ·

    Japanese-themed dining chain Harajuku Tokyo Cafe has raised $3 Mn (around ₹28 Cr) in a pre-Series A funding round led by ZeroW, with participation from existing investors Indian Angel Network (IAN) and Samved VC. The round also saw...

  17. Optivolt Raises USD32 Million to Scale Solar Power Electronics

    Electronics For You BUSINESS ·

    Optivolt has raised $32 million to scale its panel-integrated power electronics, designed to reduce energy losses under real-world solar conditions. The company has already shipped more than 20,000 panels incorporating the technology....

  18. The Investment Journey Is Only as Fast as Its Money Movement

    PYMNTS.com ·

    Watch more: Visa Direct’s Justin Zhao An investor funds their investment account in real-time. But transferring funds from that account to a bank account can still take five business days. It is a paradox that Karen Webster, CEO of...

  19. Instant Payments May Give Credit Unions a Deposit Growth Advantage

    PYMNTS.com ·

    Banks have generally measured instant payments by transactions: how many customers use them, how much money moves and how quickly payments arrive. An example from Amplify Credit Union adds another measure: deposit growth. Business...

  20. EBay to lay off 9% of workforce in push to simplify operations

    Tech-Economic Times ·

    EBay will lay off about 1,000 employees, representing 9% of its workforce, to streamline operations. The company previously reduced its staff by 800 positions in February to improve efficiency. EBay is focusing on authenticated luxury...

  21. Telecom news: Spectrum, Korda, GlobalConnect, SpaceX

    TelecomLead ·

    Today’s telecom news includes announcements on Charter Communications, Spectrum, Korda, GlobalConnect, SpaceX, among others. IHS telecom towers Spectrum Activates Gigabit Fiber Network for 2,900 Additional Warrick County Locations...

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