Duncan Riley
Latest from Duncan Riley
Credit card and finance company Mastercard Inc. today said it has acquired identity verification company Ekata Inc. for $850 million. Founded in 1997, Ekata provides global identity verification data via application programming interfaces and on a software-as-a-service basis, with a focus on …
WordPress will block Google’s new FLoC web tracking cookie replacement
Google LLC’s attempt to replace browser cookies with an alternative system called FLoC has now been rejected by Automattic Inc., the company behind WordPress, the content management system that powers about 40% of all websites. FLoC, short for Federated Learning of Cohorts, …
US authorities investigate hack of software auditing company Codecov
U.S. federal investigators are investigating a breach of software auditing company Codecov LLC that could potentially have an impact as broad as the now infamous SolarWinds hack. Founded in 2014, Codecov is an online platform that provides hosted testing reports and statistics for …
Clubhouse raises new venture capital as Facebook eyes jump into audio
Trendy audio-based social app Clubhouse today said it has raised even more venture capital funding at a time that Facebook Inc. is reportedly about to go after it. Exactly how much Clubhouse raised in its Series C round was not disclosed by …
TuSimple shares flat after self-driving truck startup raises $1.35B in IPO
Shares in self-driving truck company TuSimple Holdings Inc. were flat in their stock market debut today after the company raised $1.35 billion in its initial public offering on a valuation of $8.5 billion. The company offered 33.8 million shares of its Class …
Autonomous aviation startup Xwing raises $40M, completes first gate-to-gate flight
Autonomous aviation technology startup Xwing has raised $40 million in new funding as it announced today that it has completed its first autonomous gate-to-gate commercial cargo flight. The funding round was led by Blackhorn Ventures and included ACME Capital, Loup Ventures, R7 Partners, Eniac Ventures, …
Massachusetts regulators file to revoke Robinhood’s broker-dealer license
Robinhood Market Inc. faces the risk of losing its license to offer stock trading in Massachusetts after the state’s regulators sought the revocation of its broker-dealer license. The Massachusetts Securities Division said in an administrative complaint filed today that Robinhood should have its license …
Walmart joins Microsoft and Honda in $2.75B round into GM’s Cruise
Walmart Inc. today became the latest investor in General Motor Co.’s Cruise autonomous vehicle unit, increasing a round announced in January that already included Microsoft Corp., Honda Motor Co. Ltd. and others to $2.75 billion. The exact amount of the investment was …
Bitcoin hits record high as Coinbase surges on Nasdaq debut
The price of bitcoin hit yet another new record high today, to nearly $65,000, on a day that cryptocurrency exchange Coinbase Global Inc. surged on its debut on the Nasdaq. The debut of Coinbase, the largest U.S. registered cryptocurrency exchange was unprecedented. …
Investment into cybersecurity startups surged to record $7.8B in 2020
Investment into cybersecurity startups hit a record high of $7.8 billion in 2020, according to new data published today by Crunchbase. The increase was led by the U.S., with investments into the sector increasing 22% in 2020 over 2019, higher than the 15% …