NFT, Cybersecurity & Indian Tech to build the future 🔭
Weekly press review in Tech - 14th March 2022 - Issue #39
I’m Sebastien co-founder and CEO of Early Metrics. TechWatchbySeb is a monthly newsletter to provide Tech Investors, Entrepreneurs & Innovators insights to evaluate any Innovative & Growing company.
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🥇NFTs to trade in a digital world
Non-fundable tokens are buzzing everywhere in 2022, and I guess it is only the beginning of a new area that is progressively coming to us. Last week 2 interesting news happened:
Launch of Curated 🇺🇸 a $30M fund exclusively investing in NFT art. The fund is backed by some famous investors such as Chris Dixon, Marc Andreessen back
Immutable 🇦🇺, is the developer of NFT games, now valued at $2.5 billion in Temasek-led financing. Investors in the $200-million funding round include Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings and others, Immutable said. The company had raised money at a valuation of $410 million in its previous funding round in 2021.
Source:
Curated: Techcrunch
Immutable: Reuters
🥈Cybersecurity in today’s world
In the geopolitics context, all the major economies have seen the importance of cybersecurity to protect our borders. With the explosion of Web3 we can imagine that this trend is not going to slow down, thus in that context, it’s easy to bet Cybersecurity to be one of the key markets for the future.
Google 🇺🇸 announced it will pay $5.4 billion to buy Mandiant 🇺🇸, a publicly-traded provider of threat intelligence. Mandiant is the information security industry's leading provider of incident response and computer forensics solutions and services. Mandiant provides products, professional services and education to Fortune 500 companies, financial institutions, government agencies, domestic and foreign police departments and leading U.S. law firms.
Axonius 🇺🇸, the leader in cybersecurity asset management announced that it closed $200 million in Series E funding, led by Accel at a $2.6Bn valuation. Axonius is a cybersecurity asset management platform that provides asset inventory, uncovers security solution coverage gaps, and validates and enforces security policies.
Sources:
Mandiant: Crunchbase
Axonius: businesswire
🥉The Indian tech ecosystem is pushing hard 🇮🇳
Since the beginning of 2022, the Indian tech ecosystem has been shining and this week again, 3 important news were released:
Swiggy 🇮🇳 , the Food delivery giant eyes $1 billion IPO
Captain Fresh🇮🇳, an AI-powered seafood marketplace has raised $50 million in Series C funding, more than doubling its valuation to $500 million in just three months, according to media reports.
CredAvenue 🇮🇳, which helps businesses and entrepreneurs secure debt from lenders, has secured $137m in Series B funding, making it the fastest Indian FinTech startup to join the unicorn club.
Source:
Swiggy: Techcrunch
Captain Fresh: Forbes
CredAvenue: Pulse 2.0
Last but not least
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👍 That’s it for this week, wishing you a great week ahead, and feel free to share if you like 😁