InsuranceDekho, the insurer that was incubated within the automobile marketplace group CarDekho, has raised $60 million in a new funding round as the startup looks to supercharge its growth. Mitsubishi UFJ Financial Group, insurer BNP Paribas Cardif, Beams Fintech Fund and Yogesh Mahansaria Family Office financed InsuranceDekho’s Series B funding, valuing the Indian startup at […]
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A Japanese fund focused on early-stage, Asian deep tech startups is doubling down on the opportunity, despite a wider slowdown investing in moonshots globally. Tokyo-based Beyond Next Ventures is targeting up to ¥25 billion (about $168 million) for BNV Fund 3, its third fund, and today, the venture capital firm said it completed a first […]
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In a very swift test of the European Union’s newly updated content moderation rulebook, the bloc has fired a public warning at Elon Musk-owned X (formerly Twitter) for failing to tackle illegal content circulating on the platform in the wake of Saturday’s deadly attacks on Israel by Hamas terrorists based in the Gaza Strip. The […]
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Shift Technologies, the San Francisco-based online used car startup-turned-publicly traded company, filed this week for Chapter 11 bankruptcy. The short story, according to recent filings, is that the company’s deteriorating cash position and inability to obtain further financing drove the company to file for bankruptcy and begin the process of closing down the business and […]
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Adyen lost $13 billion in market cap last month when investors scrambled to sell shares after the payments company missed quarterly revenue targets. But it’s not the only one facing the music in fintech. Shares in SumUp, a privately-held European payment technology business that focuses on point-of-sale transactions, are currently are being sold in inside […]
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Genetic testing company 23andMe has been investigating a security incident after hackers advertised a trove of alleged stolen user data on a hacking forum last week. But the alleged stolen data may have been circulating for much longer than first known. TechCrunch has also found that some of the advertised stolen data matches known 23andMe […]
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Arrival just warned investors that it’s slashing its workforce yet again. The electric van maker said on Tuesday that it “took actions” on October 5 to “further reduce its operating costs.” Those actions include letting go of “up to approximately 25%” of its workers, the company stated in a letter to investors. Arrival last announced […]
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Google has announced that passkeys, touted by the tech giant as the “beginning of the end” for passwords, are becoming the default sign-in method for all users. Passkeys are a phishing-resistant alternative to passwords that allow users to sign into accounts using the same biometrics or PINs they use to unlock their devices, or with […]
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To ease the burden of maintaining their IT infrastructure, many companies, especially SMBs, turn to third-party IT providers. Called managed service providers (MSPs), they make life easier for their clients, but deal with many problems of their own, including fragmented tech tools that result in complicated workflows, cut into time spent serving customers and even […]
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Investors have an appetite for databases, it seems. Today, ScyllaDB, a startup developing database tech for high-throughput, low-latency workloads, announced that it raised $43 million in a funding round led by Eight Roads Ventures with participation from AB Private Credit Investors, AllianceBernstein, TLV partners, Magma Ventures and Qualcomm Ventures. The new cash will be put […]
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Barcelona-based Heura, a disrupter in the plant-based protein space since 2017, has a product hitting shelves shortly in Spain and France that it reckons will have the most committed meat eaters sitting up in disbelief. These new 100% plant-based “Jamón York style” slices are not actual ham. They just look (and we’re told taste) an […]
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French startup Orus has raised an $11.6 million Series A funding round (€11 million). The startup offers insurance products specifically designed for small and medium companies. Interestingly, today’s news comes just a few months after Amsterdam-based insurtech startup Insify completed its Series A funding round with another €10 million. Orus originally started with an insurance […]
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UAE-based Zest Equity, a startup digitizing private market dealings, has raised $3.8 million seed funding to build more tools for enabling fast and transparent transactions by ecosystem players while increasing their liquidity through secondary deals. The seed round was led by Middle East Venture Partners (MEVP) with participation from the Dubai Future District Fund (DFDF), […]
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X, formerly Twitter, has introduced a new control that limits replies to only verified accounts. The control is not restricted to paid accounts, though. Users who don’t pay for X Premium can also choose to not let non-verified users reply to their posts. Hours after the rollout of the feature, Elon Musk said that this […]
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