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Startups aren’t (just) a young person’s game
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Friday, July 28, 2023
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Thursday, July 27, 2023
Andy McLoughlin of Uncork Capital on the firm’s new funds, succession, and why next year could be a bloodbath for many startups (sorry, startups)
A few weeks ago, Uncork Capital shared the news that it recently closed on $400 million in capital commitments across two new funds: $200 million for a seed-stage vehicle and another $200 million for an opportunity-style fund that mostly aims to support startups that are already part of its portfolio. The funds represent twice what […]
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Volkswagen’s Xpeng deal sets example for EV alliance between the West and China
The major news from China’s auto industry this week is Volkswagen’s $700 million investment in the country’s electric vehicle startup, Xpeng. This partnership has the potential to set a precedent for Western automakers seeking to leverage Chinese firms for their EV expertise, while their Chinese counterparts can benefit from their foreign allies’ global distribution. The […]
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A new study found that Facebook’s Pages and Groups shape its ideological echo chambers
New research published Thursday offers an unprecedented dive into political behavior across Facebook and Instagram — two major online hubs where people express and engage with their political beliefs. The studies, published by an interdisciplinary set of researchers working in tandem with internal groups at Meta, encompasses four papers published in Science and Nature examining […]
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US, Australia cyber agencies warn IDOR security flaws can be exploited ‘at scale’
U.S. and Australian government cybersecurity agencies are warning that common and easily exploitable security vulnerabilities in websites and web apps can be abused to carry out large-scale data breaches. In a joint advisory published Thursday, U.S. cybersecurity agency CISA, the National Security Agency and the Australian Cyber Security Centre said that the vulnerabilities, known as […]
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Bluesky sends some users personalized apologies after racism controversy
Bluesky, which has been embattled with moderation issues since its launch earlier this year, appeared to apologize for failing to protect Black users and other marginalized groups on the platform. In emails responding to users who sent feedback regarding the platform’s failure to moderate racist content, Bluesky’s customer support outlined steps to address user concerns. […]
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Wormhole digs out of its hole with new security measures to move on from $320M hack
Many projects and companies would simply give up if they’d been hacked and had hundreds of millions stolen from their ecosystem partners, but it appears Wormhole isn’t one of them.
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Mastodon is launching merch to help fund its development efforts
Open source decentralized social network Mastodon, one of the many Twitter, er X, competitors now on the market, has historically been averse to the typical means of monetization other social networks employ, like advertising. Instead, the company has primarily funded itself via Patreon, according to its founder and CEO Eugen Rochko. Now, that’s changing as […]
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Helpful secures $7.5M to launch family caregiver app
Helpful's app brings insurance benefits, medical records and caregiving resources into one place.
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Waymo puts the brakes on self-driving trucks program
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Twitter rebrands its Android app with the new X logo
Twitter updated its Android app today by replacing the iconic bird logo with its new X logo — the latest step in its ongoing rebranding efforts. The company also updated its app listing on the Google Play Store to reflect the new branding with screenshots of the app with black backgrounds and the X logo. […]
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Wednesday, July 26, 2023
Kenya’s FarmWorks raises $4M pre-Series A funding
FarmWorks, a Kenyan agtech that provides farmers with access to farm inputs, and market for their produce, has raised $4.1 million in a pre-Series A round led by Acumen Resilient Agriculture Fund, an existing investor. Livelihood Impact Fund, Vested World, a number of family offices, and angel investors also participated in the round that brought […]
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Ecosia adds a train travel search tool powered by Omio
Looking to ride the tracks of increasing demand for longer distance train travel that’s being fuelled by climate-concerned consumers seeking to shrink the environmental impact of their trips, tree-planting search engine Ecosia and multimodal travel booking platform Omio have partnered to launch what they’re billing as a “tree-planting rail travel booking tool”. The idea is […]
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AutogenAI, a generative AI tool for writing bids and pitches, secures $22.3M
Business is regularly won and lost on the strength of a proposal. Now, a startup out of London called AutogenAI has built a tool based on generative AI that it claims can help businesses write stronger pitches to improve that strike rate, and it has won some money of its own: $22.3 million from Blossom […]
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Facebook surpasses 3 billion monthly active users
Facebook has over 3 billion monthly active users, according to Meta’s latest quarterly report. That’s quite the staggering number. Even though Facebook has declined in popularity among younger people, the platform is far from dead. Across Meta’s entire family of apps — which includes WhatsApp, Instagram, Messenger and now Threads — there were 3.88 billion […]
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