Author: Akin Naphtal

Spatial Labs, a web3 infrastructure and hardware company based in Los Angeles, has closed a $10 million seed funding round led by Blockchain Capital to develop new products and for growth initiatives. The round also included Marcy Venture Partners, an investment firm co-founded by musician and entrepreneur Jay-Z. Founded in 2021 by Iddris Sandu, a 25-year-old Ghanaian-born, California-based entrepreneur, Spatial Labs creates embedded microchip hardware called LNQ that allows users to check an item’s provenance and past history – usually clothes. Almost like a QR code, tapping the LNQ chip with a phone unlocked online and in-person experiences, such as…

Cryptocurrency exchange platform Coinbase is to cut around 950 jobs – 20% of staff – as it looks to shore up its operational efficiency amid a wider economic downturn. According to the company announcing the cut, CEO and co-founder Brian Armstrong says that in 2022, “the crypto market trended downwards along with the broader macroeconomy”. As a result, the firm is cutting its operational expense by around 25% quarter on quarter, Armstrong says, which includes letting go of around 950 people. READ MORE: Cisco Partners Microsoft on Innovations to Advance Hybrid Work Experience with Audio and Interoperability Tesla defeated by…

During the Integrated Systems Europe (ISE) 2023, Cisco showcased its new range of collaboration devices for Microsoft Teams and unveiled the new Cisco Table Microphone Pro, a digital and multi-directional table microphone for hybrid workspaces, along with audio interoperability advancements. The innovations meet the needs of hybrid workers, delivering more inclusivity and choice for meetings, while improving the manageability, configuration, and security required by IT. According to Jeetu Patel, EVP and GM, Security & Collaboration, Cisco, said “The future of work is now and it’s hybrid, which requires a truly exceptional and inclusive experience that’s not confined by location, device,…

The Digital Economy Magazine, a leading voice in technology, has named Marc Huffman, CEO of Blackline as Digital Economy Personality of the week for the month of Jan 29th-Feb 4th,2023 ranking.Marc is a cloud accounting software industry veteran with an exceptional record leading sales and operational teams and driving growth at successful software companies. He joined BlackLine in early 2018 as Chief Operating Officer and was named President in February 2020, leading the company’s worldwide sales, marketing, technology and all customer-facing organizations.With the promotion to CEO in early 2021, he assumed responsibility for the company’s people, legal, facilities and finance…

The race is on for auto-manufacturing companies to become the first ones to develop and implement a high level of autonomy in their cars. Mercedes seems to have won a crucial race against Tesla recently by becoming the first certified Level-3 autonomous car company in the United States. The feature is currently only available in the latest S-Class and EQS Sedan which are currently in production and should reach the Vegas strip by the third quarter of this year. READ ALSO: TelcoSwitch Appoints Matt Mansell as New CEO Faurecia-Aptoide Partners Catappult in New launch of World First apps distribution hub…

Global Processing Services (“GPS”), a fast-growing next-gen global payments technology platform, has announced the appointment of Jim McCarthy as Executive Vice President – Global Head of Sales and Product, and Kevin Fox as the company’s new Chief Revenue Officer. According to a press release obtained by Digital Economy Mag, Jim will lead GPS’ global commercial and product teams in close collaboration with Kevin on sales acceleration. Jim is a highly accomplished payments veteran with over 30 years of experience, including 18 years at Visa where he held senior roles in sales, risk and authentication, consumer credit, digital products and product…

In an open letter to the Prime Minister Rishi Sunak, experienced technology executives have said the creation of a UK semiconductor strategy is a matter of urgency. The signatories on the letter from an organization called Tech London Advocates include Hermann Hauser, of Amadeus Capital Partners; Jalal Bagherli, former CEO, Dialog Semiconductor; Janet Collyer, who spent 30 years with Cadence Design Systems; Jillian Hughes, Network Director at the National Microelectronics Institute The letter reads: “The technology and manufacturing sectors have been waiting more than two years for the promised strategy, and confidence in the Government’s ability to address this industry’s…

Australia’s leading space research centre, SmartSat CRC has appointed Dr Michele Allan as the new chair. The appointment came after the sudden passing of inaugural Chair Dr Peter Woodgate in December last year. Dr Allan AO is highly experienced and brings a wealth of leadership skills from some of Australia’s key industries. She is currently the Chair of the Boards of Charles Sturt University, the Food and Agribusiness Growth Centre (FIAL), Trusted Autonomous Systems Defence CRC, and Wine Australia. She also holds a Bachelor of Applied Science from the University of Technology Sydney, a Master of Management of Technology from…

TelcoSwitch has announced the recent appointment of Matt Mansell as its chief executive officer, who joins the company with immediate effect. Mansell takes over from Russell Lux, who founded the company in 2015 and led the company to an investment from Queen’s Park Equity (QPE) in 2022. He founded Yay.com, a SaaS unified communications business, which was also acquired by QPE last year as part of its long-term strategy for IP investment and development in TelcoSwitch. READ ALSO:Faurecia-Aptoide Partners Catappult in New launch of World First apps distribution hub for cars South African Food e-commerce Startup Yebo Fresh Raises $4.5m…

Faurecia-Aptoide and Catappult have announced they are joining forces to launch an innovative app distribution service for cars. Using Faurecia-Aptoide’s highly regarded app store technology, developers will now be able to distribute their games and apps in cars. Faurecia Aptoide already works with major automotive brands such as Volkswagen, BMW and Mercedes-Benz. With the new service, available at Catappult, developers can now design and finetune their apps and games for cars, manufacturers will be able to customize their app stores, and users will get access to a wide range of apps and games tailored to their own interests and their…