Identity giant Okta has confirmed a January network breach after hackers posted screenshots overnight apparently showing access to the company’s internal systems. The Lapsus$ hacking group published several screenshots to its Telegram channel purporting to show internal Okta applications on January 21. Lapsus$ claimed it did not steal data from Okta, and that its focus…
Validus, a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. Nikhilesh Goel, co-founder and CEO of Validus, told TechCrunch that Validus expects to create synergies with the loan portfolio of CitiBusiness, Citi…
Scaling an autonomous vehicle or EV startup often requires eye-popping amounts of capital that only hedge funds, strategic venture arms and institutional investors have the appetite and funds for. In the past two years, those capital needs have prompted dozens of mobility startups to turn to either public markets or deep-pocketed hedge funds and venture…
Miruku, a New Zealand-based foodtech company, is applying its molecular farming process to program plant cells to be mini factories for producing proteins, like fats and sugars, traditionally made by animals. The company was founded in 2020 by Amos Palfreyman, Ira Bing, Harjinder Singh and Oded Shoseyov, who all have experience in either dairy or…
The first DJI Mavic turned the world of consumer drones on its head when it was released back in late-2016. The compact, foldable design launched a million copy cats around the world — including a number under the drone giant’s own umbrella. Compact certainly isn’t the first word that comes to mind in the enterprise…
Kenya-based agritech Apollo Agriculture, which helps farmers access high-quality farm inputs, financing and markets, plans to double the number of farmers it is serving by the end 2022 and to introduce other products that deliver more value per acre of land. This is after raising $40 million in Series B funding in the equity round…
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The…
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. (Folks, a technical snafu meant the weekly newsletter wasn’t emailed to subscribers this Sunday, so we’re posting this now. We regret the error.) Hello readers: Welcome to The…
Russia is seeing an exodus of entrepreneurs, computer programmers, as well as other educated middle-class citizens as Western sanctions and political instability make it impossible to run an international business in the country. Russia’s invasion of Ukraine has forced millions to flee their homes fearing for their lives. But the war is also leading to…
Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. As I hear about more startups struggling amid shifting market conditions, the great resignation and the general inflection point that begins once a company hits growth stage, it’s worth addressing an elephant…
