Indian digital payments startup Paytm has raised $1 billion in new funding as it heads toward a likely initial public offering within two to three years. The Series G round, announced Monday in India, was led by T. Rowe Price and backed by existing investors Ant Financial, SoftBank Vision Fund and Discovery Capital. It was raised on ...

Huawei Electronics Co. Ltd. has taken legal action in France against critics who claim it has ties to the Chinese government in what could be an interesting test case with global ramifications. The world’s second-largest smartphone maker and leading 5G technology provider is currently tendering to provide its 5G tech in France. The lawsuit targets ...

HP Inc. has once again pushed back against efforts by Xerox Corp. to acquire it, as its board sent a letter Sunday bluntly telling Xerox it’s not interested. The letter, addressed to John Visentin, vice chairman and chief executive officer of Xerox, a company most famous for its photocopiers, reiterated that HP rejects Xerox’s proposal as it ...

In possibly the second-largest data exposure of all time, account records for 1.2 billion people were found unprotected online. Wired reported today that the data on an open Elasticsearch server included various databases with a trove of data. Some of the data included IP addresses as well other various personally identifiable data such as names, email addresses, phone numbers, LinkedIn ...

The U.S. Federal Bureau of Investigation has sent a notice to automotive manufacturers warning them that they’re being targeted by hackers. First reported Wednesday by CNN, the notice warned that hackers were known to be attempting to compromise auto industry computer systems using sophisticated techniques. Previous attacks “have resulted in ransomware infections, data breaches leading to the ...

Bitcoin mining equipment maker Canaan Creative went public on the Nasdaq Exchange Wednesday, but its stock fell flat on debut. Coming into the initial public offering, first announced in October, Canaan offered 10 million American depository shares at $9 per share for a total of $90 million. The company had previously been reported to be seeking as ...

Google LLC has thrown more money into the kitty for its Android Security Rewards program, offering payments of up to $1.5 million for anyone who can compromise its Titan M secure element on its Pixel devices. The program, first launched in 2015, operates as a bug bounty program in which “white hat” hackers — who ...

Troubled workplace provider WeWork is laying off 2,400 staff as part of a companywide restructuring after it was taken over by SoftBank Group Corp. in an $8 billion deal in October. The cuts, amounting to 19% of WeWork’s 12,500 employees, were confirmed by the company, which told CNBC that the process began weeks ago in regions ...

So-called “zero-trust” security platform provider Banyan Security said today it has raised $17 million in new funding to allow it to accelerate product development. The Series A round was led by Shasta Ventures and included Unusual Ventures. Nitin Chopra, a partner at Shasta Ventures, is joining Banyan’s board of directors. Founded in 2015, Banyan, formally known as ...

Cloud software-as-a-service application management startup Gravitational Inc. said today it has raised $25 million in new funding to fuel further product development and scale up business operations. Founded in 2015, Gravitational is a cloud-based company that enables businesses to deliver their applications securely into any online environment. Cloud-agnostic would be one way to describe the company given ...