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GGV Capital no longer exists as the partners announce two separate brands

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The VCs, who had future GGV Capital, a 24-year-old cross-border firm that helped serve as a bridge between the U.S. and China, opted for two recent brands about six months after announcing they’d split their U.S. and Asia operations.

Seasoned investors Jenny Lee and Jixun Foo have just renamed their Singapore-based company to Granite Asiaas first reported in Forbes. Meanwhile, Hans Tung, the company’s co-founder who lives in the Bay Area, announced on X yesterday that the American team is now arrange A noteworthy capital.

GGV Capital announced last fall that it was splitting its team amid rising tensions between the U.S. and China, though it never cited the atmosphere as an explicit factor driving the move.

Sequoia Capital similarly split its business last 12 months amid geopolitical tensions. In the case of Sequoia, the American team maintained the existing brand Sequoia India & Southeast Asia was renamed Peak XV Partners and Sequoia China was renamed HongShan, which suggests redwood in Mandarin.

According to a source conversant in the matter, the pondering behind abandoning the GGV Capital brand was that since the two teams would operate individually in the future, they felt it will be best to develop recent brands.

Granite Asia is run by native Singaporeans Jenny Lee and Jixun Foo. Lee often appears on Forbes’ Midas list of top-performing VCs, with nine IPOs in the past five years, including smartphone giant Xiaomi and software development company Kingsoft WPS, which went public in 2018 and 2019, respectively.

Foo, who previously served as global managing director of GGV Capital, is meanwhile credited with deals including electric automotive maker Xpeng Motors, which went public in 2020; transportation giant Didi, which reportedly plans to go public on the Hong Kong stock exchange this 12 months; and the delivery company Grab, whose shares have been underperforming because it entered public trading through a special purpose vehicle at the end of 2021. (Talks were reportedly held recently last month merge with one other beleaguered rival, GoTo Group.)

Granite Asia will deal with startups in China, Japan, South Asia, Australia and Southeast Asia.

Oren Yunger, the newest member of GGV Capital, also stays on the Notable team. Yunger joined GGV as an investor in 2018 and was promoted to managing director last fall.

Another long-time managing director of GGV Capital, Shanghai-based Eric Xu, will proceed to oversee the original company’s independently managed yuan-denominated funds.

About 2.5 years ago, GGV Capital announced it had raised $2.5 billion for its recent funds, marking its largest-ever fund family. Investors have since split the assets under management together with the previously raised capital, in order that Granite Asia now manages a complete of $5 billion, leaving Notable Capital with roughly $4.2 billion based on assets under management by GGV Capital at the time the split was announced.


This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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