Flying cars taking off
Kitty Hawk, a flying car startup backed by Google founder Larry Page, published video of a test flight and plans to start selling its first vehicle around the end of the year, according to media reports. The secretive Silicon Valley upstart is one of several companies currently working on flying car technology.
Beijing-based Wecash, provider of an online platform for assessing creditworthiness, announced that it raised $80 million in a Series C round led by China Merchants Venture Capital, Forebright Capital and SIG Ventures.
Funding falls for Austin startups
Austin has long been known as a haven for startups attracted to its hip culture, talent pool, and growing tech ecosystem. But if the city’s recent funding performance is any indication, there’s room for improvement. Austin startups raised far less in Q1 2017 than the same period last year, posting the weakest first-quarter in more than five years, according to a Crunchbase News analysis.
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