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SoftBank-backed MadeiraMadeira raises $190 mln in new funding round

Aluisio Alves 1 分钟阅读 SAO PAULO, Jan 7 (Reuters) - Brazilian online home goods platform MadeiraMadeira has raised $190 million in a new funding round that valued it above $1 billion, the company said on Thursday. Existing investor Japan’s SoftBank Group Corp and Dynamo led this fifth funding round, which also included Flybridge, Velt Partners, Brasil Capital, Lakewood Capital and Monashees. The company will use the proceeds to expand the business as sales outpaced expectations last year after the coronavirus pandemic boosted online shopping, CEO and co-founder Daniel Scandian said in an interview with Reuters. Still, MadeiraMadeira also plans to open additional brick-and-mortar stores, increasing its physical footprint. Currently, the company has nine stores.

Tech: Intel Outside in a new world order for chips

LAST month, tech giant Apple Inc introduced new MacBook laptops that use its own silicon, or chips, designed in-house, replacing those run on Intel Corp microprocessors. Chips for Apple accounted for 4% of Intel’s total sales in 2019. Apple is not alone in abandoning Intel. Long-time partner Microsoft Corp’s Surface Pro X tablet PC now sports a custom-designed chip just like Google’s new Chromebooks. The competitive landscape for Intel has dramatically changed as it sees its traditional strongholds eroded by mobile chips based on ARM Holdings plc’s technology. Apple’s forays in chips as well as the rise and rise of rivals such as Advanced Micro Devices Inc (AMD) and graphic chip giant Nvidia Corp are increasingly seen as existential threats to Intel. ARM designs mobile chips; AMD, focuses on chips for cloud computing as well as graphics chips; and Nvidia’s niche is in making chips used for advanced graphics, gaming, cloud computing as well as artificial intelligence (AI)

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