Duncan Riley
Latest from Duncan Riley
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, …
Report: Verizon’s Yahoo acquisition to go ahead at a $250M+ discount
Verizon Communications Inc.’s acquisition of Yahoo Inc. looks set to go ahead but at a reduced price, according to multiple reports published Wednesday. Bloomberg claims people familiar with the matter have said that Verizon has negotiated a $250 million discount on the …
Arxan wants to make JavaScript app security great again
Security flaws in JavaScript apps are well-known, but one company is aiming to make their security great again. Arxan Technologies Inc. has launched Arxan Application Protection for JavaScript, a new offering that it claims will provide protection for JavaScript-based applications with a comprehensive solution designed to …
New macOS malware blamed on Russian group behind election hacks
Security researchers have discovered a new form of macOS malware that is believed to have been designed by the same Russian group that was blamed for the hacking of the Democratic National Committee in 2016. Based on Xagent, code that has previously …