Founders Circle Capital, a nine-year-old San Francisco-based investment firm that has agreements with private venture capital companies to buy some of their founders and employees’ vested stock options – so they can buy a home or just breathe a little easier – has closed its newest fund with $ 355 million committed capital, bringing the … Read more
When Xuezhao Lan founded Basis Set Ventures, the goal was to use the technology to enable venture capital investments. From the earliest days when Lan hired former TechCrunch reporter John Mannes and then built the team with data scientist Rachel Wong, former Upfront Ventures partner Chang Xu, and former Vice President of Growth Sheila Vashee, … Read more
The automation of robot processes has increased significantly in the last few months. New York-based UiPath is well on its way to launching an IPO after earning a staggering $ 35 billion valuation in February. Local RPA startup Laiye is also making waves in China. Laiye, which develops software to mimic everyday tasks in the … Read more
There is no shortage of data-driven sales management tools on the market. Of course, Atrium, a five-year-old San Francisco-based company that was co-founded by serial entrepreneur Pete Kazanjy, says it can do a far better job of empowering sales managers to improve their team’s performance. How? By giving them simple, easy-to-digest, real-time insights into who … Read more
John Ruffolo is not as famous as some investors, but he is well known in Canadian business circles. Arthur Andersen’s longtime head of technology, media and telecommunications practice joined OMERS about a decade ago when a former colleague became CEO and brought him on board the pension giant to start a venture fund. The idea … Read more
Supercars are powerful, close to the ground and fat, and usually not the best vehicles on ice and snow. However, Drako Motors has just shown that its GTE super sports car EV could be an exception to this rule thanks to the independent motors on each wheel and the so-called torque vectoring function. Videos have … Read more
Apple’s copyright protection technology will cost the company dearly. According to Bloomberg, a Marshall, Texas court ordered Apple to pay $ 308.5 million to Personalized Media Communications for allegedly violating a digital rights management (DRM) patent. PMC claimed in 2015 that the FairPlay technology used in the App Store, Apple Music and iTunes infringed seven … Read more
According to Bleeping Computer, The Record and other sources, the REvil ransomware gang has claimed $ 50 million from Taiwanese computer maker Acer and may have exploited a Microsoft Exchange vulnerability to gain access to the corporate network. This is one of the biggest – if not the biggest – ransomware requests likely because Acer … Read more
Lime announced Monday that $ 50 million had been allocated to operate bicycle parts. This investment was used to develop a new e-bike and will fund expansion this year to an additional 25 cities in North America, Europe as well as Australia and New Zealand. If the company achieves its goal, Lime’s bike share service … Read more
Metropolis is a new Los Angeles-based startup looking to compete with BMW’s ParkMobile for part of the automated parking management market. Upgrading ParkMobile’s license plate-based service with a computer vision-based system that detects cars entering and leaving garages has been Metropolis’ mission since founder and CEO Alex Israel founded the company in 2017. Israel, a … Read more