Autonomous aviation technology startup Xwing announced today it has raised $10 million in new funding to allow it to hire more people and scale up the development of its autonomous flight software stack. The Series A round was led by R7 Partners and included Thales, Alven and Eniac Ventures. Founded in 2016, Xwing is developing a suite ...

Cybersecurity and cyberinsurance startup Coalition Inc. today said it has raised $90 million in new funding to help it further develop its product offering and support international expansion. The Series C round was led by Valor Equity Partners and included Felicis Ventures, Greyhound Capital, Vy Capital, Ribbit Capital, Hillhouse Capital and Greenoaks Capital. The round was ...

The chance of financial gain is driving cyberattacks more than ever, motivating 86% of data breaches now compared with 71% last year. That’s according to Verizon Communication Inc.’s annual data breach report released today, covering a range of findings covering the cybersecurity and cybercrime landscape. The Verizon Business 2020 Data Breach Investigation Report analyzed data based ...

Israeli cybersecurity training firm Cyberbit Ltd. now counts Charlesbank Technology Opportunities Fund as an investor through a $70 million deal announced today. Charlesbank invested $22 million into the company and also acquired $48 million in existing shares from parent company Elbit Systems Ltd. Cyberbit plans to use the funding to accelerate the development of its “cyber ...

U.K. low-cost airline EasyJet plc has been hacked and the details of some 9 million customers were stolen. The details came from the airline, which disclosed the hack following discussions with the U.K. Information Commissioner’s Office. In its notice of a cybersecurity incident issued today, easyJet described the hack as an attack from a highly ...

Facebook Inc. today made a new e-commerce play in the form of Facebook Shops, a service that offers businesses free storefronts on both Facebook itself and Instagram. Pitched as an easy way for businesses to set up a single online store for customers, Facebook Shops allows users to choose the products they want to feature from ...

When you think of blockchain technology, 1980s kids’ toys don’t normally come to mind, but a strange combination of the two has turned out to be a success. The Topps Company Inc., a U.S. maker of trading cards, collectibles and candy, has sold out its first release of digital Garbage Pail Kids trading cards using ...

The source code used in smart car components designed by Mercedes-Benz has been found exposed online via a misconfigured Git registration system. Discovered by software engineer Till Kottmann and first reported today by ZDNet, the source code was found on a Git web portal belonging to Mercedes-Benz’s parent company Daimler AG. Kottman was able to freely ...

Problems at SoftBank Group Corp. continue to mount as Alibaba Group Holding Ltd. founder Jack Ma today quit the board following the announcement that the company’s Vision Fund had reported an $18 billion loss. Officially the departure of Ma (pictured) from the company was related to his decision to pull back from formal business roles ...

Enterprise learning platform startup GO1 Pty. Ltd. has raised $40 million in new funding to increase market expansion in North America as well as expand its content provider partner network in direct response to the increased demand for the platform. Announced today, the Series C round was led by Madrona Venture Group and Seek Ltd. and included Salesforce ...