Entrepreneur First made a name for itself a decade ago in its home base of London, and then further afield, for the novel approach it takes to tech investing: rather than seek out interesting, scaling startups like typical VCs, it backs founders and their very, very early stage startup ideas — so nascent in fact…
The Federal Trade Commission is suing Walmart for sitting by while scammers bilked customers out of more than $197 million, the agency alleged in a statement on Tuesday. It’s seeking a court order that would force Walmart to give money back to customers, on top of civil fines. In a brief response, Walmart described the…
Volkswagen Group subsidiary Electrify America said Tuesday it raised $450 million in a deal that includes its first external investor as it aims to accelerate its rollout of ultra-fast charging stations in the U.S. and Canada. The deal, which values North America’s largest ultra-fast EV charging network at $2.45 billion, includes more than $100 million…
When Christian Lawless founded Conversion Capital in 2015, fintech was only starting to take off. But Lawless, who started the venture firm after serving in leadership positions in capital markets at Lehman Brothers and Barclays, had a vision that financial services infrastructure would be unbundled as companies moved critical operating infrastructure to the cloud. Lawless…
India will give VPN providers and cloud service operators an additional three months to comply with new rules that require they maintain names and addresses of their customers and their IP addresses, giving some relief to firms as many scramble to follow the new guidelines and some explore the option of leaving the South Asian…
Edtech up-skilling platform Degreed has acquired Learn In, which creates talent resource hubs for employers to better spin up education services for their teams. While we’d nearly always cover a notable acquisition in a relevant tech sector, the extra interesting bit here is a personnel one: both companies were co-founded by the same entrepreneur, David…
Research in the field of machine learning and AI, now a key technology in practically every industry and company, is far too voluminous for anyone to read it all. This column, Perceptron (previously Deep Science), aims to collect some of the most relevant recent discoveries and papers — particularly in, but not limited to, artificial intelligence…
Volkswagen Group unveiled its ID.AERO concept in China on Monday — slated to serve as the inspiration behind the automaker’s flagship EV, and first-ever global all-electric sedan, next year. A version of the Volkswagen ID.AERO concept will go into production for the Chinese market in the second half of 2023. The automaker hasn’t announced a…
LG Electronics has acquired AppleMango, a South Korean electric vehicle battery charger developer, as the race to produce everything related to EVs ramps up globally. The acquisition, which was made jointly with GS Energy, an EV charging station operator, and GS Neotek, an IT provider, will allow LG to take advantage of future business opportunities,…
Backstage Capital has downsized its staff from 12 to three people, managing partner and founder Arlan Hamilton said during her “Your First Million” podcast that was published Sunday. The layoff comes nearly three months after Backstage Capital narrowed its investment strategy to only participate in follow-on rounds of existing portfolios. This workforce reduction further underscores…
