The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out…
The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out…
The beloved orange drink brand once known as “Sunny Delight” is releasing a hard seltzer: SunnyD Vodka Seltzer. SunnyD said in a press release that its Vodka Seltzer was created by “popular demand” related to the prevalence of canned cocktails. Though the new SunnyD variation is indeed a vodka seltzer (not malt), it’s just 4.5%…
Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday around an effort to strengthen its balance sheet, and startup founders were beginning to fear that their deposits at the tech-friendly, 40-year-old institution were at…
Mar 10, 2023Ravie LakshmananEndpoint Security / Hacking An updated version of a botnet malware called Prometei has infected more than 10,000 systems worldwide since November 2022. The infections are both geographically indiscriminate and opportunistic, with a majority of the victims reported in Brazil, Indonesia, and Turkey. Prometei, first observed in 2016, is a modular botnet…
A report commissioned by CityFibre, the UK’s largest independent full fibre platform, has identified that Newcastle stands to be a huge beneficiary from the rollout of future-proof full fibre infrastructure which is now well underway across the city. The study by the consultancy Hatch, (Economic Impact of Full Fibre Infrastructure from CityFibre’s Network), estimates that,…
A report commissioned by CityFibre, the UK’s largest independent full fibre platform, has identified that Newcastle stands to be a huge beneficiary from the rollout of future-proof full fibre infrastructure which is now well underway across the city. The study by the consultancy Hatch, (Economic Impact of Full Fibre Infrastructure from CityFibre’s Network), estimates that,…
A report commissioned by CityFibre, the UK’s largest independent full fibre platform, has identified that Newcastle stands to be a huge beneficiary from the rollout of future-proof full fibre infrastructure which is now well underway across the city. The study by the consultancy Hatch, (Economic Impact of Full Fibre Infrastructure from CityFibre’s Network), estimates that,…
Duncan is an award-winning editor with more than 20 years experience in journalism. Having launched his tech journalism career as editor of Arabian Computer News in Dubai, he has since edited an array of tech and digital marketing publications, including Computer Business Review, TechWeekEurope, Figaro Digital, Digit and Marketing Gazette. Vodafone customers living, working or…
Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday around an effort to strengthen its balance sheet, and startup founders were beginning to fear that their deposits at the tech-friendly, 40-year-old institution were at…
