Duncan Riley
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Fresenius SE & Co. KGaA, Europe’s largest private hospital operator, has been hit by ransomware that has limited the use of some of its systems as it treats COVID-19 patients. The company, which also holds a 40% share of market for kidney …
Lyft shares surge as ride-hailing firm beats earnings predictions
Lyft Inc. shares surged in after-hours trading today after the ride-hailing company reported higher-than-expected rider numbers despite the global COVID-19 pandemic. For the first quarter ended March 31, Lyft reported revenue rose 23%, to $955.7 million, from the first quarter of 2019. …
Libra appoints former Bush and Obama under secretary Stuart Levey as its first CEO
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 financial intelligence during the Bush and Obama administrations …
Square shares drop while PayPal surges as both deliver mixed earnings
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 after-hours trading as investors were generally not happy …
Venture capital firm Runa Capital closes third fund with $157M
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 portfolio companies, including Nginx, Brainly, Ecwid, Final and …
Artificial intelligence robotics startup Covariant raises $40M
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 Series B round was led by Index Ventures …
28,000 web hosting accounts exposed in GoDaddy data breach
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 was only discovered late last month when GoDaddy …
Distributed machine learning startup Boosted.ai raises $8M
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 Polar Equity Partners. Adam Felesky from Portag3 Ventures …
Airbnb to lay off 1,900 employees, 25% of staff, amid COVID-19 pandemic
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. The job cuts were announced in a letter …
Israeli passwordless authentication startup Secret Double Octopus raises $15M
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 Financial Ventures, KDDI, Global Brain, Jerusalem Venture Partners, …