Chinese autonomous vehicle startup Momenta has raised new funding on a unicorn valuation of $1 billion. Although the amount raised was not disclosed, the company, formally known as Beijing Chusudu Technology Co. Ltd., said it has now raised “more than $200 million” to date. Momenta had raised $51 million in total as of its last round ...

Enterprise cryptocurrency wallet and custodial services startup BitGo Inc. Thursday said it has raised $57.5 million in new funding to support the development of its “$1 trillion crypto wallet.” The Series B round included Goldman Sachs, Galaxy Digital Ventures, Valor Equity Partners, Craft Ventures, DRW and Redpoint Ventures. BitGo last raised $42.5 million in a December 2017 round. Founded in ...

In a departure from simply suing startups when they break the law, the U.S. Securities and Exchange Commission has launched a new service to educate and assist financial technology companies so it can avoid having to take them to court later. Called the Strategic Hub for Innovation and Financial Technology, or FinHub for short, the service has ...

Uber Technologies Inc.’s never-ending quest to make money has taken a new twist with a report that the ride-hailing giant is testing an “on-demand” labor hire service. The Financial Times claimed that the service, called Uber Work, would connect job seekers to short-term roles such as “waiters and security guards.” Uber Work is said to have been under ...

Updated: Infrastructure management software firm SolarWinds Inc. went public Friday, but unlike some recent tech initial public offerings, investor reaction on its public market debut Friday was so-so. The company had cut the price of its shares and the number it will offer ahead of its New York Stock Exchange initial public offering Friday. SolarWinds, which had ...

A new malware campaign dubbed “GreyEnergy” is targeting information systems tied to critical infrastructure. Discovered by researchers at ESET spol s.r.o. and reported Wednesday, the campaign is believed to be a successor to the BlackEnergy APT group. The attacks so far are targeting critical infrastructure and are described as a test in preparation for more ...

China has successfully tested the world’s largest “transport drone,” perhaps better described as a unmanned airplane. The Feihong-98 “large commercial drone” is actually a piston-driven autonomous biplane. It was developed by the China Academy of Aerospace Electronics Technology and SF Express Co. Ltd. and took its first successful public flight Oct. 16. According to a report in Pandaily Wednesday, the ...

Tumblr, the microblogging platform owned by Oath Inc., has fixed a security flaw that exposed private user data via its “Recommend Blogs” feature, which suggests accounts for other users to follow. The vulnerability, described only as a “security bug,” was uncovered “a few weeks ago” via a report to the service’s bug bounty program and resolved within 12 ...

Uber Technologies Inc. is considering spinning off its troubled self-driving car division ahead of its initial public offering next year, according to a report published Wednesday. The Financial Times, quoting “two people familiar with the matter” claimed the idea is well advanced and that Uber has already received interest from potential investors who would be willing ...

A water company in Jacksonville, North Carolina, still recovering from Hurricane Florence is now faced with a new problem: a ransomware attack that has crippled its core computing systems. The Onslow Water and Sewer Authority said in a statement Monday that it was first attacked by Emotet malware on Oct. 4. That infection installed the Ryuk ransomware Saturday, encrypting ...