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    Home > Chemicals Industry > International Chemical > Global digital industry startups raised $1 billion in May, a record high

    Global digital industry startups raised $1 billion in May, a record high

    • Last Update: 2023-01-02
    • Source: Internet
    • Author: User
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    After a decline in April, funding for digital startups surged to a record high of $1 billion in May
    , according to Bloomberg New Energy Finance.
    This growth may inspire hopes for a quick recovery in the market, but on the surface, startups still face numerous challenges
    .

    From a technology perspective, investors favored
    startups that are eligible for Covid-19 work.
    Beneficiaries include Ligado, which develops security software for remote connections, and Covariant, which develops robotics for automating manual processes
    .

    Financial transactions are also common, with investors injecting cash
    into their existing projects at lower valuations.
    By protecting these startups during an economic downturn, they can also protect the value of
    previous large investments.
    Samsara Networks, for example, signed a $400 million Series F-II round from a number of previous backers, including Andreessen Horowitz and General Catalyst, the largest since May
    .

    After a decline in April, funding for digital startups surged to a record high of $1 billion in May
    , according to Bloomberg New Energy Finance.
    This growth may inspire hopes for a quick recovery in the market, but on the surface, startups still face numerous challenges
    .

    financing

    From a technology perspective, investors favored
    startups that are eligible for Covid-19 work.
    Beneficiaries include Ligado, which develops security software for remote connections, and Covariant, which develops robotics for automating manual processes
    .

    Financial transactions are also common, with investors injecting cash
    into their existing projects at lower valuations.
    By protecting these startups during an economic downturn, they can also protect the value of
    previous large investments.
    Samsara Networks, for example, signed a $400 million Series F-II round from a number of previous backers, including Andreessen Horowitz and General Catalyst, the largest since May
    .

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