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Pedro Fiúza | Nurphoto | Getty ImagesStock trading platform eToro agreed to a $120 million secondary share sale, giving the company a slightly lower valuation than the $3.5 billion it was valued at in a primary funding round earlier this year. The round is a secondary share sale, meaning the company hasn't issued any new shares and won't net any income from the transaction. eToro is not raising money — rather it is a moment for some long standing shareholders and employees to take some liquidity. EToro most recently raised $250 million from investors at a $3.5 billion valuation, far lower than the $10 billion it was seeking in its bid to float via SPAC. EToro agreed it would convert the investment to equity on the condition that the SPAC deal doesn't go ahead — which it didn't.
Persons: Pedro Fiúza, hasn't, eToro, Fintech, doesn't Organizations: Nurphoto, Getty Images Stock, CNBC, Investors, Vision, ION Investment Group, Velvet Sea Ventures, Twitter Locations: Lisbon, Portugal, eToro
What lies at the bottom of the ocean?
  + stars: | 2023-06-21 | by ( Jackie Wattles | Ashley Strickland | Katie Hunt | ) edition.cnn.com   time to read: +12 min
What lies at the bottom of the oceanWhile what’s considered the deep ocean extends from 3,280 feet to 19,685 feet (1,000 meters to 6,000 meters) beneath the surface, deep-sea trenches can plunge to 36,000 feet (11,000 meters), according to the Woods Hole Oceanographic Institution in Massachusetts. Alessandro Mancini/Alamy Stock PhotoWhy mapping the ocean is so challengingFrom a strictly scientific perspective, touristic trips to the ocean floor do little to advance our understanding of the ocean’s mysteries. “We want to go to the highest, the lowest, the longest.”But only a “very small percentage of the deep ocean, and even the middle ocean, has been seen by human eyes — an infinitesimal amount. “However, 150 years of modern oceanography have led to better understanding of many aspects of the ocean such as the life it contains, its chemistry and its role in the Earth system.”Mapping the ocean “helps us to understand how the shape of the seafloor affects ocean currents, and where marine life occurs,” Rogers added. Researchers say the ocean and the life it contains could provide answers to some of medicine’s biggest challenges, such as antibiotic drug resistance.
Persons: , Gene Feldman, Jamie Pringle, Pringle, Cornelis Drebbel, Auguste Piccard, Feldman, ” Feldman, Jacques Piccard, Don Walsh, what’s, , Robert Ballard, Alvin, Ballard, Alessandro Mancini, Alamy, Alex Rogers, ” Rogers Organizations: CNN, National Oceanic, Atmospheric Administration, Oceanographic, NASA, OceanGate Expeditions, England’s Keele University, bathyscaphe, Keystone, Hulton, NOAA, Bluegreen, Sea Ventures, of Ocean Exploration, Research, University of Oxford Locations: Cape Cod , Massachusetts, Washington, Dutch, Trieste, bathyscaphe Trieste, Italy, Massachusetts, Japan, United Kingdom
The company is training an AI model to give financial advice and hopes to make human advisors obsolete within a decade. Enter Range, a startup that's looking to use artificial intelligence and machine learning to make human financial planners obsolete. The company is building out a suite of financial planning tools aimed at aging millennials and designed to help streamline investing, saving, and estate planning. 'We're looking to replace you'These recommendations are reviewed and "massaged" by human advisors before being passed on to clients. She said she's excited about the prospect of making her own job obsolete if it means more people having access to financial planning.
LayerZero Labs valued at $3 billion after latest fund-raise
  + stars: | 2023-04-04 | by ( ) www.reuters.com   time to read: +1 min
April 4 (Reuters) - LayerZero Labs said on Tuesday that it has raised $120 million in an early stage funding round, that has tripled the blockchain messaging protocol's valuation to $3 billion. The Series B fund-raise saw participation from 33 investors, including a16z crypto, Christie's, Circle Ventures, OpenSea Ventures, Samsung Next, and Sequoia Capital, amongst others. In February, Via said it bagged a valuation of $3.5 billion after a funding round led by 83North. Last year, the New York-based blockchain infrastructure provider had raised $135 million in a funding round led by Sequoia Capital, FTX Ventures among others that valued it at $1 billion. It has received backing from some of the strongest crypto-focused companies in the entire world, including Binance, Blockdaemon, Christie's, Circle Ventures, Coinbase, OpenSea Ventures, and many more.
The Y Combinator-backed Web3 startup Courtyard has raised $7 million in seed funding led by NEA. Nicolas le Jeune was working at YouTube when he caught the NFT bug. Le Jeune, Courtyard's CEO, cofounded the startup with Paulin Andurand, who serves as the company's CTO. Le Jeune and Andurand launched a proof of concept by buying up packs of Pokémon cards with money lent from a friend. Fortunately, le Jeune and Andurand had already begun to make inroads with investors.
The problem: Running shoes historically have been based off the shape of a man's foot. Hilma's shoes are made in varying shapes and widths in order to provide the perfect fit for every runner, regardless of foot shape or ability. Woman in Hilma running shoes. Hilma's launch follows Lululemon's footwear launch, which similarly prioritized female consumers and continues to exceed the company's expectations. Hilma's shoes are made in China and warehoused in the US before shipping to consumers.
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