STC News & Analysis
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Stewart Information Acquires Tower Title Telecom Unit
Stewart Information Services Corporation has completed the acquisition of Tower Title's telecom unit. This strategic move is aimed at enhancing Stewart's capabilities in the telecommunications sector, though specific financial details regarding the deal were not disclosed. The acquisition is positioned to strengthen Stewart's service offerings and potentially increase market share. This development is significant for investors as it may influence Stewart's competitive positioning in the telecom industry.
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Starcloud (STC) secures $170m funding for space data centres
Starcloud has raised $170 million in Series A funding, led by Benchmark and EQT Ventures, valuing the company at $1.1 billion. This round marks the fastest achievement of unicorn status for a startup from Y Combinator, occurring just 17 months post their demo day. The funding boosts Starcloud’s total capital to $200 million and is set to support the development of Starcloud-3 satellites and related infrastructure. Notable collaborators include AWS and Google Cloud, with plans for further satellite launches scheduled for later this year.
Read More: Starcloud (STC) secures $170m funding for space data centres