Duncan Riley, Author at SiliconANGLE

Blockchain

Libra appoints former Bush and Obama under secretary Stuart Levey as its first CEO

By Duncan Riley May 6, 2020

The Libra Association, the group set up to manage Facebook Inc.’s proposed cryptocurrency, today appointed Stuart Levey as its first chief executive officer. Levey (pictured, left), was under secretary of the Treasury for terrorism and…

Apps

Square shares drop while PayPal surges as both deliver mixed earnings

By Duncan Riley May 6, 2020

Financial technology giants Square Inc. and PayPal Holdings Inc. delivered mixed results in their quarterly earnings reports today as the global COVID-19 pandemic shifts consumer spending. Square saw its share price drop 4% in…

Apps

Venture capital firm Runa Capital closes third fund with $157M

By Duncan Riley May 6, 2020

Venture capital firm Runa Capital revealed today that it has raised $157 million for its Runa Capital Fund III, oversubscribed by $22 million over its initial goal of $135 million. Founders of current and previous…

Emerging Tech

Artificial intelligence robotics startup Covariant raises $40M

By Duncan Riley May 6, 2020

Artificial intelligence robotics startup Covariant revealed today that it has raised $40 million in new funding to allow it to accelerate its partnerships, introduce AI robotics to new industries and hire more people. The…

Security

28,000 web hosting accounts exposed in GoDaddy data breach

By Duncan Riley May 5, 2020

GoDaddy Inc. has suffered a data breach affecting the web hosting accounts of 28,000 customers. The data breach involved an unknown person accessing accounts using Secure Shell or SSH cryptographic network protocol in October. It…

AI

Distributed machine learning startup Boosted.ai raises $8M

By Duncan Riley May 5, 2020

Distributed machine learning startup Boosted.ai announced today it has raised $8 million in new funding to develop out its platform. The Series A round was led by Portag3 Ventures with participation by Dunamu & Partners and…

Apps

Airbnb to lay off 1,900 employees, 25% of staff, amid COVID-19 pandemic

By Duncan Riley May 5, 2020

Airbnb Inc. said today it’s laying off about 1,900 staff members, some 25% of its workforce, as the accommodation booking provider struggles to deal with a huge loss of business from the COVID-19 pandemic.…

Security

Israeli passwordless authentication startup Secret Double Octopus raises $15M

By Duncan Riley May 5, 2020

Israeli passwordless authentication startup Secret Double Octopus Ltd. said today it has raised $15 million in new funding to expand its platform of passwordless authentication and remote security in enterprise environments. The Series B round included Sony…

Emerging Tech

Report: Uber in talks to invest $170M into Lime with a future acquisition option

By Duncan Riley May 4, 2020

Uber Technologies Inc. is reported to be in talks to invest $170 million into electric scooter company LimeBike Inc. with an acquisition option, according to a report in The Information. The investment would value Lime at…

Apps

Robinhood raises $280M in new funding on $8.3B valuation

By Duncan Riley May 4, 2020

Free stock-trading app maker Robinhood Market Inc. said today it has raised $280 million in a new late-stage funding on an $8.3 billion valuation to allow it to invest in scaling up its platform. The…

Duncan Riley

Libra appoints former Bush and Obama under secretary Stuart Levey as its first CEO

Square shares drop while PayPal surges as both deliver mixed earnings

Venture capital firm Runa Capital closes third fund with $157M

Artificial intelligence robotics startup Covariant raises $40M

28,000 web hosting accounts exposed in GoDaddy data breach

Distributed machine learning startup Boosted.ai raises $8M

Airbnb to lay off 1,900 employees, 25% of staff, amid COVID-19 pandemic

Israeli passwordless authentication startup Secret Double Octopus raises $15M

Report: Uber in talks to invest $170M into Lime with a future acquisition option

Robinhood raises $280M in new funding on $8.3B valuation

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