A growing number of venture firms may be uncorking champagne ahead of the New Year. Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund. Against a backdrop of layoffs and continuing economic uncertainty,…
A growing number of venture firms may be uncorking champagne ahead of the New Year. Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund. Against a backdrop of layoffs and continuing economic uncertainty,…
Lightspeed Venture Partners is formalizing its scale-up efforts, as other outfits make similar moves Connie Loizos @Cookie / 8 hours The hurdle for Series A funding is a lot higher than it was a year ago — and investors in seed-stage companies are having to respond. They don’t have much choice if they want their…
Microsoft says it has successfully dismantled the infrastructure of a cybercrime operation that sold access to fraudulent Outlook accounts to other hackers, including the notorious Scattered Spider gang. The group, tracked by Microsoft as “Storm-1152”, is described as a major player in the cybercrime as a service (CaaS) ecosystem, whereby criminals provide hacking and cybercrime…
Elon Musk’s X, the social media platform formerly known as Twitter, is facing a new privacy complaint in Europe related to its ad targeting tools. The complaint, which is being lodged with the Dutch data protection authority by privacy rights not-for-profit noyb, accuses X of failing to enforce its own its advertising guidelines. While X’s T&Cs…
GM has introduced a smattering of EVs in the past two years: the GMC Hummer SUV and its companion pickup truck, the Cadillac Lyriq and the Silverado EV pickup truck. But so far, none of them have had the success of the cheaper, smaller Chevy Bolt, the wedge-like all-electric hatchback that debuted nearly eight years…
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 Ask Sophie: Does the H-1B visa…
Verve Motion, a startup building a robotic “exosuit” designed to help workers complete physically demanding tasks in factories and other like environments, today announced that it raised $20 million in a Series B round led by Cybernetix Ventures with participation from Construct Capital, Pillar VC, OUP and angel investors including Okta co-founder Frederic Kerrest. The…
Metafuels sets out to change the landscape of sustainable jet fuel, and has just picked up an $8 million suitcase from baggage carousel 3 at its local ZRH. Ahh, Zurich. The company is making the sky green — literally — with its new fuel, which it calls aerobrew. Sure, it sounds a little like a…
The FCC has made a final denial of Starlink’s application for $885 million in public funds to expand its orbital communications infrastructure to cover parts of rural America, saying the company “failed to demonstrate that it could deliver the promised service.” As previously reported, the money in question was part of the Rural Digital Opportunity…
