Temasek and General Atlantic in talks to back Indian neobank Open – TechCrunch

Smart Cars

Bangalore-based neobank Open is in advanced stages of talks to raise about $100 million, according to two sources familiar with the matter. Temasek, the Singaporean government’s sovereign wealth fund, and General Atlantic are positioning to co-lead the Series C financing round, which values the Indian startup at pre-money $600 million, the sources told TechCrunch, requesting…

Verizon Business Chief Revenue Officer talks private 5G network offering

IoT Building News

Verizon Business CRO describes private 5G and MEC as like “peanut butter and jelly” Today Verizon Business announced its new private 5G network offering, On Site 5G, which is being marketed to large enterprises and public sector customers. When combined with related technologies like the internet of things, mobile edge computing, and machine learning/artificial intelligence,…

Tiger Global in talks to invest in Classplus at over $250 million valuation – TechCrunch

Cyber Attacks

Tiger Global is in talks to lead a $30 million round in Indian edtech startup Classplus, according to sources familiar with the matter. The new round, which includes both primary investment and secondary transactions, values the five-year-old Indian startup at over $250 million, two sources told TechCrunch. The new round follows another ~$30 million investment…

U.S. Authorities Shut Down Slilpp—Largest Marketplace for Stolen Logins

Web Security News

The U.S. Department of Justice (DoJ) Thursday said it disrupted and took down the infrastructure of an underground marketplace known as “Slilpp” that specialized in trading stolen login credentials as part of an international law enforcement operation. Over a dozen individuals have been charged or arrested in connection with the illegal marketplace. The cyber crackdown,…

White Space and the Digital Divide

Internet of Things

For roughly two decades we have been discussing the need for free access to commercially attractive spectrum in order to support new services and to expand the capacity and reach of existing wireless systems—particularly in rural and underserved areas. Today, this old topic is getting new life, with a greater spotlight on the digital divide,…