Duncan Riley
Latest from Duncan Riley
Police in Denmark are claiming to have achieved a world first, hunting down Internet drug traffickers by analyzing bitcoin transactions. According to local media, The Danish National Police Cyber Crime Center, or NC3, has developed a new toolkit that has now been …
Research finds that connected car apps are a security nightmare
The now famous proof-of-concept hack in 2015 where hackers were able to hijack a Jeep Cherokee while it was being driven shown a spotlight on potential security problems with connected cars. Since then, the Federal Bureau of Investigation has issued warnings, and best …
Ford wants to save drivers from potholes with a crowdsourced virtual map
Ford Motor Co. wants to save drivers from the menace of potholes by designing a virtual map for drivers to find them. The idea is being researched by Ford’s European division, with testing expected to begin later this year. A map would …
Entertainment industry-focused fintech startup Exactuals raises $20.6M in two quick rounds
Exactuals LLC, a financial technology startup focused on the entertainment industry, has raised $20.6 million over two rounds a week apart. Its initial $10 million Series A round on Feb. 8 was led by City National and TTV Capital, with participation from Stanford-StartX Fund, …
Report: Apple acquires Israeli facial recognition startup RealFace
Apple Inc. has acquired facial recognition startup RealFace, according to a story Sunday in the Israeli newspaper Calcacist. The deal was estimated at “several million dollars.” The Tel Aviv-based company had raised $1 million prior to its acquisition. Founded in 2014, RealFace is said …
GM reportedly to test ‘thousands’ of self-driving vehicles with Lyft in 2018
General Motors Corp. is set to test “thousands” of self-driving vehicles in partnership with ride-hailing partner Lyft Inc. beginning in 2018, according to a report published Friday. Reuters, quoting “two sources familiar with the automaker’s plans,” claims that the test will see …
Fintech app platform maker OpenFin raises $15M
Financial technology startup OpenFin Inc. has raised $15 million in a round led by J.P. Morgan, Euclid Opportunities and Bain Capital. Founded in 2010, OpenFin describes its technology as the “Android for capital markets.” It offers a common operating layer for the financial industry, promising …
Snap IPO valuation comes in at $16.2-$18.5B, below expectations
Snap Inc., the maker of the Snapchat messaging application, isn’t worth quite as much as investors had expected, at least for the moment. In a new filing Thursday for its expected initial public offering of shares, the company said it would sell …
YouTube now offers 1B videos with automatic captions
Google Inc. has hit a new milestone as its YouTube video hosting service passed 1 billion videos with automatic captions. The automatic captioning service was launched in December 2009 as a way to make YouTube videos accessible for those with limited or …
Hedge funds are acquiring Mt. Gox bitcoin creditor claims
Hedge funds in the United States and Japan are reported to be buying the claims of the thousands of account holders who lost money following the collapse of bitcoin exchange Mt. Gox in 2014. Described as a “daring wager” by The Financial Times, …