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Infrastructure

China grants Geely two-year private satellite IoT trial permit

China has granted Geely a two-year permit for the country's first private satellite IoT trial, according to the supplied summary. Geely's Geespace unit can use the authorization to offer connectivity to transport and energy sectors. The summary identifies the approval as the first such authorization for a private Chinese company.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Products

Schneider Electric set to acquire PTC for $22.6 billion

Schneider Electric is set to acquire industrial software company PTC for $22.6 billion, TechStory reports. The transaction would be the French engineering company's largest acquisition and expand its software portfolio for manufac...

TechStory
Capital Infrastructure
Capital Infrastructure

Reclinker raises £10m to expand recycled cement production

Reclinker has raised £10m in Series A funding to move from trials to full commercial cement production in Cardiff. Clean Growth Fund and AP Ventures co-led the round, which will also support expansion to electric arc furnace sites...

The Next Web
Capital
Capital

Valon raises $150M Series D at $2.3B valuation

Valon raised a $150M Series D from Ribbit, a16z and other investors at a $2.3B valuation, Forbes reported. The company makes software to help U.S. mortgage companies reduce administrative work and costs in a market whose payment s...

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Capital
Capital

Pandektes raises €13.5M to expand legal research platform

Copenhagen-based legal research startup Pandektes has raised €13.5M in a Series A led by Alstin Capital, The Next Web reported. PROfounders, Scale Capital and existing investors also participated. The company has more than 500 cus...

The Next Web
Capital Infrastructure
Capital Infrastructure

Namespace raises $42M Series B led by Scale Venture Partners

Namespace raised a $42 million Series B led by Scale Venture Partners, CEO Hugo Santos told Axios Pro. The company provides cloud services and infrastructure for developers as a specialized cloud provider. Namespace says it has 1,...

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