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Iconiq raises $5.15 billion for seventh flagship fund

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SEC filings show Iconiq Capital raised $5.15 billion across two funds affiliated with its seventh family of growth funds.

The company, which began in 2011 as a personal office managing the capital of a number of the most outstanding and wealthiest figures within the technology industry, including Mark Zuckerberg and Jack Dorsey, originally targeted amount of USD 5.75 billion. “Wall Street” every day announced in March 2022. It is unclear whether the corporate continues to be raising capital for its goal.

Iconiq didn’t immediately reply to a request for comment.

The fund size represents a major increase over Iconiq Fund VI’s $3.75 billion goal.

Iconiq’s latest fund transfer is impressive considering many other high-growth investors have failed to realize their goals over the long run. Most notably, Tiger Global closed its latest enterprise capital fund at $2.2 billion, the corporate’s smallest fund since 2014. Bloomberg reported. Tiger initially planned to lift $6 billion, lower than half of its predecessor’s total $12.7 billion the corporate closed in March 2022.

The two giant funds are usually not in the exact same situation. Global Tiger was widely criticized for investing capital too quickly at exorbitant prices in the course of the tech boom of 2020 and 2021 (though the notion that it was overpaying has at all times been denied). Unlike Tiger Global, which has been actively selling additional shares to secure liquidity, Iconiq is buying secondary positions, in keeping with two sources.

Iconiq’s substantive fundraising likely means its backers are relatively joyful with the corporate’s investment strategy.

According to PitchBook data, Iconiq has accomplished several dozen exits from its portfolio lately, including: IPO of Snowflake, Airbnb, GitLab and HashiCorp. In 2023, Iconiq invested $1.1 billion in 22 corporations, – he says and his portfolio includes, amongst others: startups like wire, Canva, Ramp, ServiceTitan, Writer AND Pigment.

Business Fund VII-B raised $3.95 billion from 291 investors, nonetheless Fund VII closed at $1.26 billion from 462 donors, in keeping with official documents.

According to the Iconiq report, the seventh Iconiq vehicle will put money into 20-25 technology corporations Insider Buyback Report based on the New Mexico Investment Board meeting held in March 2022.

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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