Duncan Riley
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Nvidia technology powers Chinese electric vehicle maker Xpeng’s new model
Chinese auto manufacturer Guangzhou Xiaopeng Motors Technology Co. Ltd., better known as Xpeng, today announced its latest model, a competitor to Tesla Inc.’s Model 3 that’s powered by Nvidia Corp. technology, will roll out April 27. The Xpeng P7 uses the Nvidia DRIVE AGX Xavier platform with Nvidia’s most advanced graphics processing units and its Arm Hercules central processing units, ...
Business monitoring startup Anodot raises $35M to expand into new verticals
Business monitoring startup Anodot Ltd. said today it has raised $35 million in new funding to hire more people, expand into new industries and build personalized business packages. The Series C round was led by Intel Capital and included SoftBank Ventures Asia, Samsung NEXT, La Maison, Disruptive Technologies L.P., Aleph and Redline Capital Management. As part of the ...
Stripe raises an additional $600M to grow its product suite
Payment technology company Stripe Inc. announced today that it has raised an additional $600 million in new funding as an extension of its Series G round from September to accelerate its international expansion, grow its product suite and extend its enterprise capabilities. The extension on the round was on the same terms, with a valuation previously reported to ...
Facebook’s Libra abandons original plan in favor of currency-backed stablecoins
The Libra Association, the group set up to manage Facebook Inc.’s proposed cryptocurrency today announced that its original proposal for Libra is no more. Instead, it plans to launch a number of currency-backed stablecoins. Such plans were first reported March 3, but Facebook at the time denied the plan. Six weeks later, that’s exactly what has ...
Report: Robinhood close to raising $250M on an $8B valuation
Free stock-trading app maker Robinhood Market Inc. is close to raising $250 million in new funding on an $8 billion valuation, according to sources reported today by Bloomberg. The new round, which would be the company’s Series E, is said to be being led by SoftBank Group Corp. Robinhood last raised funding — $323 million in July ...
Australian fintech startup Airwallex raises $160M to accelerate growth
Australian financial technology company Airwallex Pty Ltd. has raised $160 million in new funding to accelerate worldwide growth in Europe, the U.S. and new markets as well as to expand its product lineup and make acquisitions. The Series D round was led by ANZi Ventures and Salesforce Ventures and included DST Global, Tencent, Sequoia Capital China, Hillhouse ...
Houseparty adds 50 million new sign-ups during coronavirus pandemic
Videoconferencing service Houseparty is claiming it has gotten 50 million sign-ups in the past month thanks to the COVID-19 pandemic and is also claiming to be the No. 1 app in 82 countries. Owned by Fortnite maker Epic Games Inc. through subsidiary Life on Air Inc., Houseparty was little-known before coronavirus. But now average conversation ...
Slack Incoming Webhooks can be used to phish users
Security researchers at AT&T Alien Labs have uncovered a vulnerability in Slack Inc. that can be used to phish users. The discovery, announced today, involves exploiting Slack Incoming Webhooks. Designed as a simple way to post messages from apps into Slack, Incoming Webhooks offers a unique URL in which an app can send a JSON ...
COVID-19-themed cyberattacks continue to proliferate
Despite reports in March that those in the hacking community were encouraging others to not take advantage of the COVID-19 pandemic, the number of cyberattacks has continued to rise, according to new research from Palo Alto Networks Inc.’s Unit 42. The researchers found that COVID-19-themed attacks, particularly phishing attacks, continue to surge. The company said ...
Microsoft patches critical vulnerabilities that were being exploited by hackers
Microsoft Corp. today announced it has patched a range of vulnerabilities in its monthly security release, including two critical vulnerabilities discovered March 23 that were being exploited by hackers. The two remote code execution vulnerabilities are found in the Adobe Type Manager Library (atmfd.dll) that’s used by Windows to render PostScript Type 1 fonts inside ...