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SOS Installs Second Batch of 5,000 Cryptocurrency Miners and Gives First Quarter Mining Projections
SOS Limited announced that it has successfully installed its second fleet of 5,000 cryptocurrency mining rigs. Together with its prior fleet of 5,000 mining rigs, the Company expects the combined fleet to have the capacity to calculate an average of 353 Peta-Hashes per second (PH/s) for mining Bitcoin and 707 Giga-Hashes per second (GH/s) for mining Ether (ETH). These hash rates are subject to numerous factors, including downtime for maintenance, reconfiguration and other variable factors that may materially impact computing performance in the future.
Privacera Secures $50 Million Series B – Advances Cloud-First Data Governance and Security Across Global Organizations
Privacera, the cloud data governance and security leader founded by the creators of Apache Ranger, announced that it has secured $50 million in funding to meet the unprecedented demand for its cloud-based data governance and security solution. Led by new investor Insight Partners and with participation from Sapphire Ventures, Battery Ventures, and existing investors Accel, Cervin, and Point 72, the Series B will be used to fast-track its go-to-market strategy and further extend Privacera’s investment in its unified system for data governance and privacy across multiple cloud services such as Databricks and Snowflake. Following closely on the heels of its successful Series A, this latest round further indicates the company’s explosive growth in both revenue and customer acquisitions.
Grubtech Secures $3.4 Million to Expand Its Cutting-Edge Technology for Cloud Kitchens
Grubtech, an all in one SaaS platform for cloud kitchens and delivery-centric restaurants – has secured $3.4 million pre–Series A funding. Investors included large regional family offices, a US-based venture capital firm as well as reputable angel investors. Having already deployed its solution across hundreds of brands and processed hundreds of thousands of orders, grubtech will use the funds to further accelerate product development and capitalize on increased demand from MENA, Europe and the Americas.
Qualcomm Completes Acquisition of NUVIA
Qualcomm Incorporated announced that its subsidiary, Qualcomm Technologies, Inc., has completed its acquisition of the world-class CPU and technology design company, NUVIA for $1.4 billion before working capital and other adjustments.
uCloudlink Strengthens Partnership with Shore Access in Asia
UCLOUDLINK GROUP INC., the world’s first and leading mobile data traffic sharing marketplace, has signed a distribution contract with Shore-Access Marine Consultancy, an international communication service provider based in the Philippines, to distribute its products and connectivity services in Philippines, Japan, Australia and Africa. The alliance will increase uCloudlink’s sales and distribution channels in these markets, while expanding its partner ecosystem and paving the way for limitless business opportunities.
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