Moove's $100m raise 💰| Nvidia's new GPU 💾 | TikTok Creator Rewards Program 📲

In today’s menu 🥘

🚗 Moove raises $100m in Series B funding round led by Uber
🥇Flutterwave Tops Fast Company’s Most Innovative Companies List for Europe, Middle East, and Africa 2024
💾 Nvidia Unveils Game-Changing Blackwell B200 GPU and GB200 Superchip
⚕️Acasia Ventures Invests in Pharmacy Marts
📱TikTok Launches Creator Rewards Program: Empowering Content Creators Worldwide

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🚗 TRANSPORTATION

Moove raises $100m in Series B funding round led by Uber

Moove has announced the successful raise of $100 million in a Series B funding round led by Uber and participation by existing investors including Mubadala.  Moove has cumulatively secured $250 million in equity and $210 million in debt financing.

Innovation Village hinted on this raise led by Uber in an earlier post in February, 2024. With this latest funding round, Moove’s valuation now stands at $750 million.

Moove says this recent raise will allow it add 45,000 new vehicles to its fleet, with a significant focus on electric vehicles (EVs), thereby advancing its commitment to a more sustainable and accessible mobility ecosystem for its customers worldwide..….continue reading

🥇INNOVATION

Flutterwave Tops Fast Company’s Most Innovative Companies List for Europe, Middle East, and Africa 2024

Zone, Africa’s leading payment infrastructure company, has successfully secured $8.5 million in an oversubscribed seed funding round led by Flourish Ventures and TLcom Capital, marking a significant milestone in the company’s journey.

This injection of funds represents a pivotal moment for Zone as it embarks on its mission to build a Blockchain-based decentralized payment infrastructure for financial service providers across Africa and beyond. Leveraging blockchain technology, Zone aims to deliver reliable, frictionless, and universally interoperable payment experiences at scale, revolutionizing the financial landscape.

Zone’s unique position as Africa’s first regulated blockchain network for payments has already garnered significant traction, with over 15 of Africa’s largest banks and fintech companies onboarded onto its blockchain network.…continue reading

⚕️HEALTHCARE

Revolutionizing Egypt’s Pharmaceutical Sector: Acasia Ventures Backs Pharmacy Marts

In a bid to revolutionize Egypt’s pharmaceutical sector and enhance patient access to medication, Cairo-based digital marketplace Pharmacy Marts has secured a significant boost from early-stage venture capital firm Acasia Ventures. The six-figure bridge round investment underscores the growing recognition of Pharmacy Marts’ innovative approach to streamlining the pharmaceutical supply chain.

Pharmacy Marts aims to address the inefficiencies plaguing the pharmaceutical sector by digitizing the supply chain. Presently, pharmacists spend a considerable portion of their time manually monitoring stock and verifying product availability and prices. This manual process often leads to delays in delivering crucial medication, exacerbated by the sector’s fragmentation. With Egypt hosting a staggering 60,000 pharmacies offering over 7,000 products from 3,000 suppliers, the need for a streamlined solution is evident...…continue reading

💾 TECHNOLOGY

Nvidia Unveils Game-Changing Blackwell B200 GPU and GB200 Superchip

Nvidia, a leader in AI chip technology, has introduced its latest breakthrough: the Blackwell B200 GPU and GB200 “superchip.” These innovations are poised to extend Nvidia’s lead in the industry and revolutionize AI computing.

The new B200 GPU boasts an impressive 20 petaflops of FP4 horsepower, powered by a staggering 208 billion transistors. Additionally, Nvidia claims that the GB200 superchip, which combines two B200 GPUs with a Grace CPU, can deliver 30 times the performance for LLM inference workloads while significantly improving efficiency, reducing cost, and consuming less energy compared to previous models.

Training massive AI models has traditionally been resource-intensive, requiring thousands of GPUs and substantial power consumption. However, Nvidia’s latest advancements have dramatically reduced the resources needed. With just 2,000 Blackwell GPUs, Nvidia claims to achieve the same performance while consuming only a fraction of the power.

The new Blackwell AI graphics processors are expected to ship later this year..…..continue reading

📲 SOCIAL MEDIA

TikTok Launches Creator Rewards Program: Empowering Content Creators Worldwide

TikTok, the world's favorite short-form video platform, is taking its support for creators to the next level with the launch of its highly anticipated Creator Rewards Program!

🏆 Optimized Rewards Formula: TikTok's Creator Rewards Program is all about celebrating top-notch content that captivates audiences. With an optimized rewards formula, TikTok will assess content based on four key metrics: originality, play duration, audience engagement, and search value. This means that creators who produce high-quality, authentic content will be rewarded handsomely for their efforts!..…..continue reading

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