UK unveils Online Safety Bill which would fine social media firms up to 10% of revenue or £18M if they fail to address online abuses such as racist hate crimes
Britain said on Wednesday a planned new law would see social media companies fined up to 10% of turnover or 18 million pounds ($25 million) if they failed to stamp out online abuses such as racist hate crimes, while senior managers could also face criminal action.
Acquco, a NY-based startup founded by former Amazon employees that buys and scales Amazon third party sellers, raises $160M Series A in debt and equity
There has been a flurry of investments in startups focused on acquiring third-party sellers on Amazon and helping them build their businesses. The latest is Acquco, which aims to stand out from the others in that it was formed by a pair of founders — Raunak Nirmal and Wiley Zhang — who actually worked at […]
Aetion, a healthcare data analytics company focused on validating real-world evidence for treatments, raises $110M Series C, bringing total raised to $212M
The company has now raised a total of $212 million.
Online mortgage service Better.com to go public via a SPAC merger with Aurora Acquisition Corp. at $7.7B valuation; deal includes $1.5B SoftBank-led investment
Digital mortgage lender Better will make its market debut by merging with Aurora Acquisition Corp., valuing the company at $7.7 billion.
Panaseer, whose platform helps companies correlate data from all available security tools to check assets, control gaps, and more, raises $26M Series B
Panaseer, which takes a data science approach to cybersecurity, has raised $26.5 million in a Series B funding led by AllegisCyber Capital. Existing investors, including Evolution Equity Partners, Notion Capital, AlbionVC, Cisco Investments and Paladin Capital Group, as well as new investor National Grid Partners, also participated. Panaseer has now raised $43 million to date. […]
UK-based Huma, which uses AI and biomarkers to monitor patients at home and for medical research, raises $130M Series C that it can extend with a $70M debt line
While much of the world eagerly watches to see if the vaccination rollout helps curb and eventually stamp out Covid-19, one of the companies that has been helping to manage the spread of the virus is announcing a big round of funding on the heels for strong demand for its technology. Huma, which combines data […]
Unity reports Q1 revenue of $234.8M, up 41% YoY, and raised full year guidance by $50M, but maintained that Apple's IDFA would reduce 2021 revenue by $30M
Unity Technologies reported today that revenues for the first quarter ended March 31 hit $234.8 million, up 41%.
GitHub adds security key support for SSH Git operations, as it continues its plan to remove password support for Git operations later this year
Support has been added to bolster defense against account compromise.
Brazil-based global payment network CloudWalk raises $190M Series B led by Coatue to accelerate its presence in Brazil
Click HERE to find out ⭐ Brazil-Based Payment Technology Network CloudWalk Raises $190 Million Through Series B Led By Coatue. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
EA reports Q4 revenue of $1.35B, down from $1.39B YoY, and net income of $76M, down from $418M YoY, but says annual net bookings were up 15% YoY for FY 2021
Electronic Arts reported lukewarm earnings today for the fourth-fiscal quarter ended March 31, as live operations and original titles carried it through a relatively quiet quarter.
Jamf will acquire Wandera, a provider of cloud-based software for zero trust security, to bridge consumer and enterprise needs, in a $400M cash and debt deal
Jamf said Wandera’s software will bridge the divide between what consumers want out of their Mac and what enterprises needs to secure its operations.
eBay says it will allow NFTs to be sold on its platform and will add new “capabilities” for blockchain-driven collectibles in the coming months
The online sales platform eBay is now permitting the sale of NFTs for digital collectibles. Users can bid on NFTs using USD.
Coinbase reaches #1 on the US iOS App Store for first time since 2017, after reaching the #2 spot on April 14, the day of its IPO
On May 10, the Coinbase app topped the U.S. Apple App Store, a position the crypto exchange hasn’t seen since late 2017.
Google says it plans to double the size of its team studying AI ethics in the coming years, as it looks to strengthen the group battered by recent controversies
Vice President of Engineering Marian Croak also said CEO Sundar Pichai has committed to boost the budget of a team tasked with evaluating code and product to avert harm, discrimination and other problems with AI.
Coinbase to ban pay negotiations in hiring and will offer the same pay to new hires in the same position and location; top performers to still get “multipliers”
Deep dive on the DarkSide ransomware gang, which pressures victims into paying via phone calls by affiliates, DDoS attacks, and threats of tipping short sellers
Zigbee Alliance renames as Connectivity Standards Alliance and unveils Matter, an interoperable connectivity standard to ship in smart home devices this year
Partners behind a standard called Matter want to make it easier for us to embrace smart lightbulbs, door locks and thermostats.
How two migrant caravans from Honduras used Facebook and WhatsApp to organize but were then targeted by scammers on those platforms
Every year, thousands of people try to emigrate to the U.S. Not only do they have to deal with border guards and bad weather, they must also decide who to trust.
San Jose-based edge AI chipset developer Sima.ai raises $80M Series B led by Fidelity, bringing its total raised to date to $120M
Sima.ai, a startup developing an edge AI accelerator chipset, has secured $80 million in venture capital backing.
HTC announces the Vive Focus 3 headset for businesses, with 5K resolution, 120-degree FoV, and a swappable battery, shipping June 27 for $1,300
HTC has announced the Vive Focus 3, a business-focused standalone virtual reality headset with a 5K screen, 120-degree field of view, and swappable battery. It follows the Vive Focus Plus.
Apple says that ~1M new apps and ~1M app updates were rejected in 2020, 470,000+ developer accounts were terminated over fraud concerns, and more
The disclosure comes as Epic Games' antitrust case against Apple has focused on App Store's failures.
YouTube plans to pay $100M to top creators on YouTube Shorts, its TikTok competitor, through 2022, starting in the next few months in the US and India
YouTube is giving its TikTok competitor, YouTube Shorts, an injection of cash to help it better compete with rivals. The company today introduced the YouTube Shorts Fund, a $100 million fund that will pay YouTube Shorts creators for their most viewed and most engaging content over the course of 2021 and 2022. Creators can’t apply […]
HTC unveils the Vive Pro 2 VR headset with a 5K resolution display, 2448×2448 pixels per eye, a 120Hz refresh rate, and 120-degree FoV, coming June 4 for $799
HTC has unveiled the Vive Pro 2, an upgrade of its high-end virtual reality headset. The Vive Pro 2 has a 5K resolution display with a 120Hz refresh rate and 120-degree field of view. It’s available to preorder now and goes on sale June 4th.
Uber and Lyft will offer free rides to and from US vaccination sites until July 4, in a partnership with Biden's admin that provides site data to Lyft and Uber
Ride-sharing companies Uber and Lyft will make all rides to and from vaccination sites free until July 4 under a new White House transportation partnership that is part of an effort to encourage more Americans to get the Covid-19 vaccine.
SightCall, an AR-based visual assistance service for field workers, raises $42M Series B and says it has 200+ enterprise clients like Kraft-Heinz, GE Healthcare
Long before Covid-19 precipitated “digital transformation” across the world of work, customer services and support was built to run online and virtually. Yet it too is undergoing an evolution supercharged by technology. Today, a startup called SightCall, which has built an augmented reality platform to help field service teams, the companies they work for, and […]
Netherlands-based enterprise process automation company Redwood Software raises €315M from growth equity firm Turn River Capital
Redwood Software, a provider of enterprise process automation solutions, has raised roughly $379 million to expand its platform.
Continuous software integration/delivery service CircleCI raises $100M at a $1.7B valuation and has acquired Vamp, a cloud-native release orchestration service
CircleCI, a continuous integration and delivery (CI/CD) platform, today announced it has raised $100 million at a $1.7 billion valuation.
Analysis of 57K large companies globally: the average tax burden ratio of Google, Apple, Facebook, and Amazon is just around 60% of their peers
TOKYO -- The average tax burden ratio for top American IT companies, collectively known as the "Big Four"-- Google, Apple, Facebook and Amazon -- is a
Apple's restrictive and inconsistent App Store policies are harming the millions of creators that could be earning more money and connecting with their fans
What happens when a product company tries to run a platform?
MSI unveils new laptops for creators and gamers, like the $2,599 Creator Z16, aimed at MacBook Pro users, with a 120Hz 16:10 QHD+ display and GeForce RTX 3060
MSI has unveiled its newest line of gaming laptops with Intel’s latest Tiger Lake H processors inside. The headliner Creator Z16 pairs up to a Core i9 with Nvidia’s RTX 3060 GPUs and targets professional content creators.
Sources: TikTok has begun working with merchants in Europe, including the UK, to test ways they can sell products directly to users within the app
ByteDance Ltd.’s TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping.
Mythic, which makes energy-efficient analog chips for AI, raises $70M Series C, bringing its total raised to $165.2M
Mythic, maker of energy-efficient analog chips for AI, raises $70M in new funding - SiliconANGLE
Lili, a neobank aimed at freelancers to use a single account for both work and personal use, raises $55M Series B led by Group 11
A startup that has built a neobank specifically to address the needs of freelancers and sole traders has picked up a growth round to continue expanding its business after seeing its usage grow by 1500% in a year. Lili, which provides a way for freelancers to use a single account both to manage their work […]
Block.one is launching Bullish, a crypto exchange, in the second half of 2021, capitalized by about $10B in digital assets and cash
Block.one, a blockchain software company whose long-time backers include billionaires Peter Thiel, Alan Howard and Louis Bacon, is launching a crypto exchange that seeks to combine attributes of traditional bourses with the benefits of decentralized finance.
San Francisco-based Legion, which makes workforce management software, raises $50M Series C led by Stripes, bringing its total raised to $85.5M
San Francisco-based Legion closed a $50 million Series C to try to help companies find the right balance between workforce and market demand as the world emerges from a pandemic.
Big chip buyers, including Apple and Google, are joining top chip-makers like Intel to create a lobbying group for chip manufacturing subsidies
Some of the world's biggest chip buyers, including Apple Inc, Microsoft Corp and Alphabet Inc's Google, are joining top chip-makers such as Intel Corp to create a new lobbying group to press for government chip manufacturing subsidies.
Apptopia, which provides competitive intelligence reports in the mobile ecosystem, raises $20M Series C led by ABS Capital Partners
Boston-based Apptopia, a company providing competitive intelligence in the mobile app ecosystem, has closed on $20 million in Series C funding aimed at fueling its expansion beyond the world of mobile apps. The new financing was led by ABS Capital Partners, and follows three consecutive years of 50% year-over-year growth for Apptopia’s business, which has […]
Facebook is starting to test Live Audio Rooms with a handful of public figures and creators in Taiwan and is planning to bring Audio Rooms to Facebook Groups
Facebook Inc. is starting the first test of its Live Audio Rooms product with public figures and creators in Taiwan, part of an expansion of the company’s audio services that will over time include podcast hosting and creation tools.
Palantir reports Q1 revenue of $341M, up 49% YoY, of which $208M from government and $133M from commercial sources; it had $8.1M average revenue per customer
The data analytics company beefed up its commercial segment during the quarter, with strong growth in the U.S.
Sources: TikTok is launching a tool for brands to recruit employees that it's currently beta testing with a group of companies
Users will be able to use TikTok videos as their resumes.
Facebook ordered to stop collecting German users' WhatsApp data by regulator, starting with a three-month emergency ban on the data collection
Facebook Inc. was ordered to stop collecting German users’ data from its WhatsApp unit, after a regulator in the nation said the company’s attempt to make users agree to the practice in its updated terms isn’t legal.
Copenhagen-based contract automation service Contractbook raises $30M Series B led by Tiger Global
Contractbook, a contract automation platform that claims users from companies such as Domino’s and KPMG, has raised $30 million.
Apple robbed the mob's bank. Mobile marketing and advertising, freemium monetization strategy, and marketing science. Mobile Dev Memo.
Engageli, which develops collaborative video-based teaching software, raises $33M Series A, bringing its total raised to $47M+
As schools move more widely into reopening their doors for in-person learning, many educational institutions have also learned a critical lesson in the last year. Having better tools to teach remotely are critical for situations when the physical experience has to be shut down, but even when things are “back to normal”, better tech can […]
Nvidia unveils the RTX 3050 and 3050 Ti laptop GPUs that bring ray tracing and AI features to affordable laptops for 1080p gaming, starting at ~$799
NVIDIA is officially unveiling the RTX 3050 and 3050 Ti.
Dell upgrades the XPS 15 and XPS 17 laptops with Intel's 11th-Gen H-series processors and Nvidia's RTX 30-series laptop GPUs, starting at $1,200 and $1,400
Dell has upgraded its XPS 17 and XPS 15 laptops with Intel’s newly announced 10nm H-series chips, along with new GPUs from Nvidia, promising its most powerful XPS laptops yet.
Sources: Foxconn's iPhone output in India has dropped by more than 50% because of COVID-19 infections among workers
Production of the Apple iPhone 12 (AAPL.O) at a Foxconn (2317.TW) factory in India has slumped by more than 50% because workers infected with COVID-19 have had to leave their posts, two sources told Reuters.
Intel unveils 11th-gen Core Tiger Lake-H 10nm mobile processors for high-performance desktop and gaming, with five consumer chips and five commercial ones
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