Category: Million

NASA pays out $51 million to small businesses with big ideas
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NASA pays out $51 million to small businesses with big ideas

NASA has announced its latest batch of small business grants, providing more than 300 businesses a total of $51 million in crucial early-stage funding. These “phase I” projects receive up to $125,000 to help bring new technologies to market. The Small Business Innovation Research/Technology Transfer programs help entrepreneurs and inventors transition their work from lab…

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Banking platform solarisBank raises $67.5 million at $360 million valuation
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Banking platform solarisBank raises $67.5 million at $360 million valuation

Despite the Wirecard fallout, German fintech startup solarisBank has raised a Series C funding round of $67.5 million (€60 million). Following today’s funding round, solarisBank is now valued at $360 million (€320 million). solarisBank doesn’t have any consumer product directly. Instead, it offers financial services to other fintech companies through a set of APIs. With…

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Telegram to pay SEC fine of $18.5 million and return $1.2 billion to investors as it dissolves TON
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Telegram to pay SEC fine of $18.5 million and return $1.2 billion to investors as it dissolves TON

Pavel Durov’s grand cryptocurrency dreams for his Telegram messaging service are ending with an $18.5 million civil settlement with the U.S. Securities and Exchange Commission and a pledge to return the more than $1.2 billion that investors had put into its TON digital token. The settlement ends a months long legal battle between the company…

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DroneBase nabs $7.5 million in a slight down round to double down on its work in renewable energy
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DroneBase nabs $7.5 million in a slight down round to double down on its work in renewable energy

DroneBase, a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services. Even…

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$14 Million: Campaign Smashes Online Fundraising Records for Donald Trump’s Birthday
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$14 Million: Campaign Smashes Online Fundraising Records for Donald Trump’s Birthday

President Donald Trump’s re-election campaign and the Republican National Committee announced Monday they had raised $14 million in online fundraising in just 24-hours on the president’s birthday. “Quite a birthday gift for Donald Trump yesterday!” Trump campaign manager Brad Parscale wrote on social media, sharing the numbers from a Fox News report. “Biggest single-day ONLINE…

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2 Million First-Time Gun Owners in First Half of 2020 Alone
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2 Million First-Time Gun Owners in First Half of 2020 Alone

As concerns over self-defense became more pronounced in 2020, initially during the cornonavirus hysteria and then during the current spate of protests and riots, two million Americans became first-time gun owners. On Wednesday the NRA tweeted: NEWS: During the first half of 2020, more than two million Americans have become first-time gun owners! — NRA…

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With $84 million in new cash, Commonwealth Fusion is on track for a demonstration fusion reactor by 2025
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With $84 million in new cash, Commonwealth Fusion is on track for a demonstration fusion reactor by 2025

Commonwealth Fusion Systems closed on its latest $84 million in new funding two weeks ago. The U.S. was still very much in the lockdown phase and getting a deal done, especially a multi-million dollar investment in a new technology aiming to make commercial nuclear fusion a reality after decades of hype, was “an interesting thing”…

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2.98 Million U.S. Weekly Jobless Claims, Higher Than Expected
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2.98 Million U.S. Weekly Jobless Claims, Higher Than Expected

New claims for unemployment benefits fell to 2.98 million last week, data from the Department of Labor showed Thursday. That brings new unemployment claims, a proxy for layoffs, since the coronavirus pandemic began to claim jobs eight weeks ago to around 36.5 million. Economists had been expecting 2.7 million for weekly claims. The prior week…

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