Software-as-a-Service (SaaS) tax solutions provider Avalara Inc. has raised $96 million in a round that included Sageview Capital, Battery Ventures, Warburg Pincus and Technology Crossover Ventures. According to reports, $50 million of the raise will go towards further expansion, while the remaining $46 million will be used to buy out existing investors. Founded in 2004, ...

Southeast Asian Uber Technologies Inc. rival GrabTaxi Holdings Pte Ltd. has entered the self-driving car space with a new deal with nuTonomy that will see the two companies roll out self-driving taxis in Singapore. NuTonomy first rolled out its driverless taxi trial in August, beating Uber’s rollout of a similar trial in Pittsburgh this month, ...

In one of the largest hacks in history, Yahoo Inc. admitted Thursday that hackers were able to obtain the account details of more than 500 million users in a 2014 breach. The breach raised speculation about the potential impact on the Internet pioneer’s $4.8 billion deal to be acquired by Verizon Communications Inc. Yahoo said in ...

CloudFlare Inc. wants to put an end to the unencrypted internet with the rollout of a new suite of features including TLS 1.3, Opportunistic Encryption and Automatic HTTPS Rewrites. Leading the announcement is support for TLS 1.3, the latest version of Transport Layer Security that improves both speed and security for Internet users. TLS 1.3 ...

Twitter Inc. has signed an agreement with Bloomberg L.P. to stream the forthcoming U.S. presidential and vice presidential debates, its latest foray into becoming an online live streaming video service. Under the deal, Twitter will stream Bloomberg live broadcasts starting Monday, Sept. 26, with the stream also including special Bloomberg Politics programming thirty minutes before ...

Shares in advertising technology platform provider The Trade Desk Inc. surged in their stock market debut Wednesday, closing the first day of trading on the NASDAQ at $30.10, up 67 percent from an initial list price of $18. The company, which offers a self-service platform that enables ad buyers to manage data-driven advertising campaigns across various ...

McLaren Technology Group has been forced to deny reports it is in talks either to be taken over or to take a strategic investment from technology giant Apple Inc. The denial follows an unconfirmed report from The Financial Times that claimed that the F1 race team and super carmaker had been in talks with Apple ...

Southeast Asian Uber Technologies Inc. rival GrabTaxi Holdings Pte Ltd (Grab) has raised $750 million Series F in a round led by Sotfbank. According to Forbes, the round was raised on a $3 billion valuation. Founded in 2011, Grab (the company has dropped the taxi part from its trading name) operates in Malaysia, Singapore, Thailand, ...

Enterprise virtualization and storage firm Nutanix Inc. is seeking $11 to $13 a share in its forthcoming initial public offering (IPO) of 16.1 million shares, the company disclosed in a Securities and Exchange Commission (SEC) filing Tuesday. Of the shares on offer, Nutanix plans to sell 14 million Class A shares and 2.1 million additional shares ...

A United States District Judge has ruled that bitcoin is money for the purposes of federal law prohibiting the operation of an unlicensed money transmitting businesses. The ruling followed an application by lawyers for Anthony Murgio, one of the operators of the now defunct bitcoin exchange Coin.mx, who argued that he was not liable on ...