May 16 – 5 Key Stories From The Digital World

By May 15, 2019 Insight

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.