Autonomous vehicle technology startup Aeva is merging with a SPAC at a $2.1 billion valuation, TechCrunch reported Monday . Aeva makes a type of sensor called LiDAR, or light detection and ranging, which enables self-driving cars to measure how far they are from other cars and pedestrians. The Mountain View, Calif.–based company was last valued at $460 million in August 2019 and is backed by...
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The DeFi Conundrum: Why Crypto Exchanges Like Uniswap Are Struggling to Reach Critical Mass
In theory, the implosion of FTX should be the biggest catalyst yet for the adoption of decentralized finance. In practice, it’s not so simple. Even Uniswap, the world’s largest decentralized exchange, still has a lot of work to do to get big traders to use its service. The crypto startup, which raised $165 million in October at a nearly $1.7 billion valuation, plans to spend that...
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