Are These The Best Tech Stocks To Buy This Week?
Tech stocks have certainly thrived in the market. These stocks have brought returns that surpassed the broader market in the last few years. If anything, the industry has shown unrivaled resilience and has shown no signs of stopping. The Nasdaq Composite, which is a tech-heavy index, has closed on yet another record high just last Friday. Investors and companies alike are well aware of the tech industryâs current momentum. In fact, Tesla (NASDAQ: TSLA) just revealed a $1.5 billion investment into Bitcoin earlier today, pushing the cryptocurrency past the $44,000 mark to a record high. Admittedly, Bitcoin has become a safe haven for investors fearing the diminishing value of fiat currency. This is yet another example of tech paving the way for change.
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Serverless data-sharing platform startup Vendia Inc. said today it has secured $15.5 million in a new early-stage round of financing, just six months after it launched with $5.1 million in seed funding.
Canvas Ventures led the Series A round with participation from BMW Capital, Sorenson Capital and several of the investors from the initial seed round.
Co-founder and Chief Executive Tim Wagner (pictured, left) said in an interview with SiliconANGLE that the company didn’t need the money currently but the last few months showed “proof of value and proof of market” that Vendia wanted to pursue more aggressively. “These investors were keying off that,” he said.
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