5 Key Stories From The Digital Worlds

May 16

BY NABYL CHARANIA

1. 

STARTUP CONTINENT: THE MOST WELL-FUNDED TECH STARTUPS IN LATIN AMERICA

  • Since 2012, more than $5.7B has been invested across over 520 equity deals to tech startups in Latin America.
  • The most well-funded startup in Latin America is on-demand delivery startup Rappi in Colombia with over $1.4B in total disclosed funding.
  • The region is home to 4 countries whose most well-funded tech startup has raised over $100M in funding.

2. 

HYPERGIANT USES SATELLITES AND AI TO MINE OIL AND GAS DATA

  • Company is sending small satellites into space, gathering data from Earth, applying machine learning, and turning the resulting intelligence and data into a lucrative business.
  • Getting to space at all is essentially an infrastructure issue, which is one of the reasons Hypergiant bought SEOPs and its small launch vehicle IP.
  • More and more where AI and space start to collide; not only do we need smart data and smarts to apply to our data, we need intelligent devices to start collecting that data.

3. 

COINBASE CUSTODY NOW HAS $1 BILLION OF CRYPTO UNDER MANAGEMENT, CEO SAYS

  • Just crossed $1 billion AUM or institutions, 70 institutions have signed up, adding about $150 million AUM a month.
  • Institutions are not merely interested in having their funds sit idle while in custody either…want to be staking and voting, doing governance on-chain.
  • Bitcoin is still the main asset of interest for institutions, but the interest for other cryptocurrencies is growing.

4. 

A QUICK 2019 TECH IPO CHECK IN

  • Beyond Meat IPO price: $45, Current price: $89.25.
  • Zoom IPO price: $36, Current price: $75.36.
  • For investors who stuck to companies who retained a path to profitability through high-margin revenue, things seem nice and healthy.

5. 

LENOVO PARTNERS WITH ESPORTS CLUB TEAM SOLOMID

  • Team SoloMid has built its brand with game strategy sites, influencers, and championship esports teams.
  • Partnership is Lenovo North America’s first official esports sponsorship, and the investment will further enhance the company’s focus on the gaming industry.
  • With the esports audience projected to surpass NFL viewership and reach 276 million by 2022, Lenovo is excited to partner with a veteran team that helped to elevate the popularity of esports in the U.S.