Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today the big news that falls into our orbit is about DraftKings, a sports betting service focused on fantasy sports that will go public via a reverse merger. Not too long ago DraftKings and its…
2019 was the biggest year for quantum computing since, well, ever. It’s the year IBM put a quantum computer in a box and Google claimed its Bristlecone system reached quantum supremacy. But perhaps most exciting was the incredible research happening in universities and think-tanks around the globe. From warp drives to time travel, scientists around…
The cybersecurity of a company is heavily reliant upon the skills and knowledge of the people who install, manage, and operate its security products. This means that recruiting and nurturing the best security team possible should be a CISO’s top priority. Cynet’s Ultimate Cybersecurity Job Posting Templates (download here) provide a list of the main…
Tesla has reportedly secured over $1.4 billion in financing in the form of loans from multiple Chinese banks in order to help fund the construction of its new gigafactory in Shanghai. First Reuters and now Bloomberg reported the funding as confirmed on Monday morning, with an official announcement to happen sometime this week. The loan will…
Boeing’s CEO Dennis A. Muilenburg is CEO no longer, the company announced today. Effective January 13, 2020 current Board Chairman David L. Calhoun takes over the top executive officer spot at the aerospace company, and becomes President as well. This is far from a surprising decision: Boeing’s year has been marked primarily by its handling…
Eddy Travels, an AI-powered travel assistant bot which can understand text and voice messages, has closed a pre-seed round of around $500,000 led by Techstars Toronto, Practica Capital and Open Circle Capital VC funds from Lithuania, with angel investors from the US, Canada, UK. Launched a year ago in November 2018, Eddy Travels claims to…
MasterCard announced today that it is acquiring RiskRecon, a Salt Lake City startup that uses publicly available data to build security assessments of organizations. The companies did not share the purchase price. It’s become increasingly important for financial services companies like MasterCard to help customers navigate cyber security and RiskRecon will give customers an objective…
American automotive technology startup Rivian has raised $1.3 billion in new funding, the company announced today. The new investment is the fourth round of capital announced by the company in 2019 alone, following prior announcements of $700 million led by Amazon, $500 million from Ford (which includes a collaboration on electric vehicle technology) and $350…
As far as cryptocurrency scams go, OneCoin is probably the one that rules them all. US prosecutors have alleged that the Ponzi scheme raked in approximately $4 billion, defrauding investors from all over the globe. In China alone, law enforcement agents recovered 1.7 billion yuan (US$267.5 million) and prosecuted 98 people. Dr Ruja Ignatova, the…
Researchers believe that criminals were able to obtain personal information for millions of Facebook users.
Jessica spends 12 hours a day on the internet managing security for web assets and loves her macha tea
