Mubadala To Invest $1.2 Billion In India'S Reliance Jio Platforms
Mubadala to invest $1.2 billion in India's Reliance Jio Platforms: Manish Singh
Abu Dhabi-based sovereign firm Mubadala has become the latest investor in Mukesh Ambani’s Reliance Jio Platforms, joining five American firms including Facebook and Silver Lake that have secured stakes in India’s biggest telecom operator at the height of a on…
Here's what is driving GM's reported plans to develop a commercial electric van: Kirsten Korosec
GM’s electric offensive to bring at least 20 new EVs to market by 2023 reportedly includes a commercial van. Reuters reported Thursday that the company is developing an electric van for the commercial market code named BV1. The vehicle is expected to start pr…
Ethena raises $2 million in seed funding for smarter anti-harassment software: Natasha Mascarenhas
Corporate harassment training is often defined by mandatory annual workshops, stock photo-ridden curricula and, often, outdated scenarios. Harvard graduates Roxanne Petraeus and Anne Solmssen think there’s a business in doing better than that. The duo co-foun…
FTC fines kids app developer HyperBeard $150K for use of third-party ad trackers: Sarah Perez
The U.S. Federal Trade Commission (FTC) today announced a settlement of $150,000 with HyperBeard, the developer of a collection of children’s mobile games over violations of U.S. Children’s Online Privacy Protection Act Rule (COPPA Rule). The company’s applic…
OTTO Motors raises $29M to fill factories with autonomous delivery robots: Kirsten Korosec
When Clearpath Robotics CEO and co-founder Matthew Rendall looks at the “miles” of roads inside industrial factories, he sees them filled with autonomous vehicles. And in the past five years, the company has inched toward that goal through its industrial divi…
Mercato Partners just launched Savory, a $90 million fund focused on fueling fast-casual restaurant concepts: Connie Loizos
Mercato Partners, a 13-year-old, Salt Lake City, Utah-based investment firm that oversees a growth fund, a secondary investment fund, and a venture fund, has launched yet another fund — this one a $90 million vehicle that the firm says will be used to invest …
Signal now has built-in face blurring for photos: Devin Coldewey
Apps like Signal are proving invaluable in these days of unrest, and anything we can do to simplify and secure the way we share sensitive information is welcome. To that end Signal has added the ability to blur faces in photos sent via the app, making it easy…
Slack drops 10%+ after its revenue growth, guidance fails to impress: Alex Wilhelm
Today Slack reported its earnings results for the three months ending April 30, 2020, the first quarter of its fiscal 2021. The well-known SaaS chat service posted revenue of $201.7 million, up 50% compared to its year-ago period. Slack also reported an adjus…
VMware acquires network security firm Lastline, said to lay off 40% staff: Zack Whittaker, Frederic Lardinois
VMware is acquiring network security firm Lastline, TechCrunch has learned. Since its launch in 2012, Lastline raised about $52.2 million, according to Crunchbase. Investors include Thomvest Ventures, which led the company’s $28.5 million Series C round in 20…
Kids now spend nearly as much time watching TikTok as YouTube in U.S., U.K. and Spain: Sarah Perez
A new study on kids’ app usage and habits indicates a major threat to YouTube’s dominance, as kids now split their time between Google’s online video platform and other apps, like TikTok, Netflix, and mobile games like Roblox. Kids ages 4 to 15 now spend an a…
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