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In the 85 years since its maiden voyage, the RMS Queen Mary has survived rogue waves, transatlantic crossings and even a world war.
For the last five decades, it’s enjoyed a second life docked in Long Beach, riding waves of popularity and tough times as a tourist attraction.
But the historic ship is now facing its most challenging voyage yet.
After years of neglect by a string of operators, the Queen Mary is so creaky and leaky that it needs $23 million in immediate repairs, according to a trove of court documents and inspection reports released last month. There is growing concern that if something is not done soon, the ship could fall into critical disrepair and be in danger of sinking.
Private Blockchain Outfit Aleo Raises $28M in New Funding Lead by a16z
4 hours ago by Benjamin Godfrey · 3 min read
Photo: Aleo / Twitter
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Aleo is committed to changing the decentralized ecosystem through its adherence to privacy features in applications being used today.
Aleo, the blockchain firm that says it is the first platform to offer fully private applications has raised $28 million in new funding. According to the company’s announcement, the round was lead by Andreessen Horowitz (a16z). Participation was also enjoined from other investors including Placeholder VC, Galaxy Digital Holdings Ltd (TSE: GLXY), Variant Fund, and Coinbase Ventures amongst others.
Long Beach City Auditor Laura Doud on Wednesday said former Queen Mary operator Urban Commons has not provided records to account for how $23 million was spent to repair the ship, despite having more than a year to produce the documents.
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Since December 2019, Doud has been investigating how $23 million in city-issued bonds was spent to fix some of the most critical repairs for the ship listed in a marine survey.
In a statement Wednesday, Doud said Urban Commons has not provided “electronic check register, cash account detail, bank statements and canceled checks, cashier’s checks, wire transfers or other payments made to vendors and subcontractors relating to the $23 million funded by the city.”
Tech Moves: Microsoft hires activist fired by Amazon; ex-Sprint CEO leaves F5 Networks board
April 2, 2021 at 11:09 am
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Tech Moves covers notable hires, promotions and personnel changes in the Pacific NW tech community. Submissions: tips@geekwire.com
Maren Costa. (Elizabeth Munsson Photo) Maren Costa, one of two former leaders of the Amazon Employees for Climate Justice group who was fired by Amazon last April, is now a principal lead designer at Microsoft.
Costa first joined Amazon in 2002 and was an employee for more than 15 years, working as a UX designer on the retail website, Amazon Go, and Alexa Shopping.
Today in funding: Ratesdotca, Damon Motorcycles, Forma.ai, Vegano Foods, Dispension, GenXys, DeFi Ventures
Seven Canadian tech companies, Ratesdotca, Damon Motorcycles, Forma.ai, Vegano Foods, Dispension, GenXys, and DeFi Ventures have recently secured financing to fuel their growth. Here’s the latest on who raised money, how much, from whom, and what they plan to put the new funds toward.
Ratesdotca secures $51 million in financing
Toronto-based fintech company Ratesdotca, which offers an online platform for insurance and other financial products, has raised $51 million CAD in equity and debt financing. The round includes an additional equity investment from majority shareholder Ontario Teachers’ Pension Plan Board (OTPP), which acquired Ratesdotca in 2018. It also includes debt financing led by BMO Financial Group, through a syndicated facility with TD Bank Group.