French startup PayFit just announced that it closed a new $289 million Series E round (€254 million) before the holidays. Following this round, the startup has reached a post-money valuation of $2.1 billion (€1.82 billion). The company has been building a payroll and HR software-as-a-service platform for small and medium companies. It is operating in…
Sophie Alcorn Contributor Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Will the H-1B lottery…
General Motors just pulled the sheet off the Chevrolet Silverado EV. It has a range of 400 miles, up to 664 horsepower, and a starting price of $39,900 for a basic work truck edition. The fully loaded, four-wheel steering RST First Edition costs $105,000. Both will hit production lines in 2023. Can’t wait? Get in…
In a decision as significant as it is unexpected, German’s antitrust regulator has concluded that Google’s business meets the threshold for special abuse control which was established under an update to competition law targeted at digital giants and passed at the start of last year. The finding that Google has “paramount significance across markets” is…
Chinese internet titan Tencent is divesting its vast portfolio. On Tuesday, the company announced plans to offload more than $3 billion worth of shares in Sea, a Singaporean internet conglomerate, trimming its stake in Sea from 21.3% to 18.7% and bringing its voting rights under 10%. The move came less than a month after Tencent…
No one wants to be the maintenance worker who has to hike through half a mile of damp hallways just to check the pressure gauge on a valve somewhere. LiLz makes it possible to keep an eye on such inconvenient physical interfaces remotely with a clever and practical application of machine learning. The Japanese (specifically…
Threat intelligence giant Recorded Future announced Tuesday that it has acquired SecurityTrails, an internet inventory startup that collects and banks current and historical domain and IP address data, for $65 million. Financial terms of the deal were not immediately disclosed. A spokesperson for Recorded Future confirmed the acquisition price. SecurityTrails collects and maintains vast amounts…
Starlink, part of Elon Musk’s SpaceX, informed a number of individuals in India on Tuesday that it will be refunding their pre-orders, more than a month after New Delhi told the firm to stop “booking/rendering the satellite internet service” in the South Asian market without obtaining a license. In an email to those who had…
LG has had a pretty incredible winning streak with its OLED televisions the past couple of years. LG’s C1 has been the flat screen to beat, so there’s little surprise that the company’s 2022 lineup caught our (virtual) attention at CES this year. It seems like the company is content leaving well enough alone, with…
Elizabeth Holmes has been found guilty of defrauding investors as founder and CEO of Theranos. After four months of court proceedings and seven days of deliberations, the jury has reached a verdict that will have lasting implications in Silicon Valley and beyond. The former youngest and wealthiest female self-made billionaire was tried for two counts…
