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Table Space expects a valuation of $2.5 billion at its India IPO

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Table Space, an Indian provider of managed workspaces, is targeting a valuation of at least $2.5 billion in its initial public offering scheduled for next yr, sources acquainted with the matter told TechCrunch.

Sources say that the Bengaluru-based startup has roped in Axis as bookrunner for the IPO.

Founded in 2017, Table Space leases large office spaces, transforms them into fully serviced, technology-enabled campuses, and offers them to corporate clients in the shape of custom offices, coworking spaces, and managed meeting rooms. Hillhouse Capital invested $300 million in Table Space in a late 2022 funding round, and the startup is currently valued at around $550 million.

The company has over 60 centers across six Indian cities, serving mainly Fortune 500 firms reminiscent of Apple, Google, Mastercard, PayPal, AMD, Ericsson and Shell. The startup has grown its real estate portfolio to over 9.5 million square feet across major Indian cities and goals to almost double that space in three years with an investment of around $535 million.

Table Space declined to comment.

In recent interview in collaboration with the Indian every day, the corporate’s co-founder and CEO Kunal Mehra said that by March 2027, the corporate expects annual revenue to succeed in almost $600 million.

Table Space’s IPO and expansion plans come at a time of moderate uncertainty in the worldwide flexible workspace sector. While WeWork’s high-profile problems have forged doubt on the viability of the coworking space business model globally, demand for flexible office space in major Indian cities stays strong, driven by a growing technology sector and multinational corporations looking to scale back long-term lease obligations.

Table Space’s IPO plans also follow the stellar public debut of Awfis, the Peak XV-backed coworking space provider whose shares have surged nearly 70% within the five months since its IPO. Many startups, including WeWork India, Indiqube and Simpliwork, are also in various stages of considering going public.

The Indian market has seen more technology IPOs this yr than within the US as valuation multiples near all-time highs within the South Asian market. Indian firms have raised greater than $9 billion through IPOs and FPOs this yr, whilst offerings from growth-stage startups remain modest.

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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