Pitchbook

Exclusive | China’s ‘rising star’ in chip design software cuts up to half its workforce amid market headwinds

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Exclusive | China’s ‘rising star’ in chip design software cuts up to half its workforce amid market headwinds

A leading Chinese chip design software start-up is slashing as much as half of its workforce, casting a shadow over Beijing’s efforts to achieve tech self-sufficiency, according to three people familiar with the matter. X-Epic, established in 2020 with a mission to develop indigenous electronic design automation (EDA) tools to break the monopoly of US … Read more

UK Fintech Sector Secured More Funding Than 28 European Nations Put Together in 2023

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UK Fintech Sector Secured More Funding Than 28 European Nations Put Together in 2023

2023 was a year of downturn for the UK fintech sector but still, it was the second best in attracting funding. According to the latest findings of a report compiled by Innovate Finance based on PitchBook data, UK Fintech funding declined at a steeper rate than the global average decrease in fintech funding in 2023. … Read more