Utility focussed

Virgin Hyperloop One raises $50 million and makes Richard Branson chairman

Virgin Hyperloop One, a startup from Los Angeles backed by Virgin Atlantic’s Richard Branson has raised $50 million from existing investors Russia's Caspian Venture Capital and Dubai’s DP World. The company which is on the grounds of developing a superfast transportation system has appointed British billionaire Richard Branson as the chairman of its board of directors. The…

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EdTech startup Springboard raises $9.5 million led by Costanoa Ventures

Springboard, an EdTech startup which provides professional courses along with one-to-one mentoring has raised $9.5 million in Series A funding led by Costanoa Ventures. Blue Fog Capital, Rocketship.vc, Moneta Ventures, Learn Capital and Jyoti Bansal, the founder of Appdynamics also participated in the funding round. The company is also backed by eminent investors like Allen Blue, co-founder of…

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Google parent Alphabet’s X sells new wireless internet technology to Andhra Pradesh

Nara Lokesh, Andhra Pradesh's Information and Technology Minister confirmed that the state government will collaborate with Alphabet Inc's moonshot factory X to introduce high-speed internet for millions of people by March 2019. X's newly developed Free Space Optical Communications (FSOC) technology,  which uses light beams will be used for this purpose which will provide incredibly fast…

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