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NewTech

Convergence Partners puts digital infrastructure fund to work with acquisition in Africa

Convergence Partners has announced the acquisition of a strategic stake in 42Markets Group, an incubator, investor and builder of specialist businesses in the financial and capital markets sector. The introduction of Convergence Partners as new investors will enable the 42Markets Group to accele...

April 25

João Marques Lima

CoreWeave closes $221m Series B amidst demand for AI-intensive data centre workloads

Specialised cloud provider CoreWeave has secured US$221 million in Series B funding. The round was led by Magnetar Capital, an alternative asset manager, with contributions from NVIDIA, and rounded out by Nat Friedman and Daniel Gross. The raise brings the company’s valuation to US$2 billion, according to TechCrunch, and the total raised so far to US$371 million. Th...

April 24

João Marques Lima

UOB announces $500m tech park for Singapore

Asian bank UOB said it will invest more than S$500 million (~US$375 million) to build its new global technology and innovation centre in JTC’s Punggol Digital District (PDD), Singapore. With this investment, UOB becomes the first local bank to establish its presence in Singapore’s first smart and sustainable business district, and is the largest commercial investor in P...

April 20

TTC Newsroom

Northern Data pumps equity up as revised growth roadmap accelerates

Frankfurt-headquartered Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) has implemented a capital increase excluding subscription rights with gross proceeds of €32.27 million (US$35.26 million). These new proceeds, plus potential long-term debt facilities for which Northern Data is in discussions, are to be mainly used for the purchase of ASIC servers for BTC mining and...

April 18

TTC Newsroom