Sony Innovation Fund invests an additional $13 million in blockchain solutions provider Startale Group
According to Odaily, Startale Group has announced the completion of the first tranche of its $13 million Series A financing round, with additional investment from Sony Innovation Fund, a subsidiary of Sony. The project's main business is building on-chain infrastructure based on the Soneium ecosystem, with products including the Startale App, which integrates wallet and asset management functions, as well as the stablecoin Startale USD (USDSC). Startale Group is currently jointly operating the Ethereum Layer 2 network Soneium with Sony Group, and also operates Astar Network. The funds from this round will be used to advance the development of on-chain infrastructure that combines AI with entertainment and IP.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bridgewater: Most AI infrastructure trades are already priced in, only holding a "very small position"
Bridgewater CIO Greg Jensen warns that assets related to AI infrastructure have already been significantly priced in by the market, and the excess return opportunities of two years ago are fading. The fund has reduced its positions to a "very minimal" level. According to system modeling through 2028, the upside potential for assets such as chips and data centers is now very limited and faces risks of financing and construction delays. Bridgewater's strategic focus has shifted to AI disruption and application sectors.
Swiss Franc gains ground as easing US Yields pressures Greenback
Korean media: Delivery times for key semiconductor equipment components have more than doubled
According to reports, there is a severe shortage of core components for semiconductor equipment in South Korea. Delivery cycles have generally doubled, and waiting times for some Japanese-made parts are as long as 40 months, with components unavailable even at a premium price. Japanese suppliers are cautious about expanding production capacity, resulting in serious delays that have impacted downstream businesses. Major construction projects like Samsung’s Pyeongtaek and SK Hynix’s Yongin face the risk of postponement, with AI chip expansion plans running into a “hard wall” in the supply chain.
