EdgeQ Gets a $75 Million Investment

Edgeq Gets a $75 Million Investment

5G applications are growing in number. EdgeQ is helmed by former Broadcom, Intel, and Qualcomm executives, including Ravuri, who left Qualcomm as vice president of product management in 2018 to found EdgeQ.

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No investor comes out with the goal of buying high and selling low. However, this is frequently how agreements turn out when once-shiny and expensive acquisitions lose their luster. Only this month, Uber sold ride-hailing startup Careem and Walmart unloaded clothing retailer Bonobos, both for a fraction of what they bought. We examine some of the most costly purchases in recent years.

Following a string of quiet weeks, seven U.S.-based businesses raised nine-figure rounds of funding last week. Startups in industries ranging from banking to fitness to biotech to identification all received significant funding in April as investor spending increased.

Web3 funding falls precipitously in the first quarter.

Web3 funding is down, but money is dropping elsewhere. Rather than investing heavily in the next exchange or lender, venture capitalists appear to be focusing on blockchain infrastructure players to help lay the groundwork for Web3. We examine what occurred in Q1.

The United Nations announced this week that India will overtake China as the world's most populous country by mid-2023. Crunchbase data reveal that venture funding to the two Asian countries goes opposite to population patterns. For context, consider the largest VC investments in India-based businesses since 2020, as well as the largest VC deals with China-based startups since 2020.