Duncan Riley
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Retail artificial intelligence startup Rubikloud Technologies Inc. today said it has raised $37 million in new funding. The Series B round was led by Intel Capital and also included iNovia Capital, OTEAF, Horizons Ventures and Access Industries. As part of the deal, Intel Capital’s …
Didi Chuxing acquires Brazilian Uber competitor 99 Corp. for $600M
Chinese ride-hailing giant Didi Chuxing Technology Co. has spent no time in investing some of the $4 billion it raised in December, buying Brazilian car booking service 99 Corp. today for a figure believed to be $600 million. Founded in 2012 and formerly known as …
Report: Russia exploring development of its own cryptocurrency
Russia’s colorful history with cryptocurrencies and the blockchain has continued into the new year as the country’s finance ministry is reported to be exploring ways to create a “Cryptoruble” that could help it circumvent western sanctions. News that Russia may first be considering establishing …
Cybercriminals and rogue nations are switching from bitcoin to alternative cryptocurrencies
Cybercriminals and rogue nations are switching out of bitcoin into other, less well-known cryptocurrencies as bitcoin’s popularity surges, according to a number of recently published reports. On the illicit front, Bloomberg claimed that cybercriminals are switching away from bitcoin because of the public …
DialogTech snaps up Swydo to boost reporting on its AI marketing platform
Marketing analytics firm DialogTech Inc. has acquired Swydo, a Dutch provider of digital marketing dashboards, reports and visualization, for an undisclosed price. Founded in 2005, DialogTech uses artificial intelligence and machine learning to provide marketing analytics for businesses that wish to track data …
Apple acquires Canadian mobile app testing startup Buddybuild
Apple Inc. has acquired Buddybuild, a Vancouver, Canada-based startup that offers tools to help developers build and test mobile apps. Founded in 2015, Buddybuild, formally Doe Pics Hit Inc., offers a platform that ties together continuous integration and delivery and provides iterative feedback …
Bitcoin enters the new year not with a bang but with a whimper
Bitcoin investors aren’t having a happy new year, as the price of the cryptocurrency continues to slide from its record pre-Christmas highs. In what was generally a slow day of trading, bitcoin dropped as much as 9 percent, to $13,440, as of …
Smart lock maker Otto closes after running out of money
High-end smart lock maker Otto LLC is no longer. The company closed its doors last week after failing to raise new financing to allow it to bring its product to market. Founded in 2013 by former Microsoft Corp. Vice President Sam Jadallah, Otto was aiming to …
Ripple surges past Ethereum to become bitcoin’s new heir apparent
There is a new heir apparent in the cryptocurrency world. Ripple, or XRP, a cryptocurrency established by Ripple Labs Inc., surpassed Ethereum in trading New Year’s Eve to become the second-largest coin or token behind bitcoin by market capitalization. Ripple Labs was …
Forever 21 confirms credit card details were stolen in hack of its sales network
Fast-fashion retailer Forever 21 Inc. is not starting the new year with a cheer, as the company confirmed in the closing days 2017 that it had its retail point-of-sale terminals hacked and customer data stolen. The hack was disclosed in November and occurred because …