Governments should invest in their diaspora founders
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Many governments that are not major tech hubs (i.e., most countries excluding the U.S., China, Israel and India) should stop restricting themselves to supporting locally domiciled VC funds.A bug in a medical startup’s website put thousands of COVID-19 test results at risk
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A California-based medical startup that provides COVID-19 testing across Los Angeles has pulled down a website it used to allow customers to access their test results after a customer found a vulnerability that allowed access to other people’s personal
Digital therapy program for fibromyalgia receives FDA breakthrough device designation
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Swing Therapeutics, a digital therapeutics startup, has received an FDA breakthrough device designation for their 12 week smartphone-assisted fibromyalgia management program. This is the company’s first breakthrough designation, and precedes a deluge of cliVideo Window Remote aims to help remote workers feel connected to the office
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As many companies shift to a hybrid approach to work where some folks are working in the office and some at home, it’s easy for the home-based workers to feel a disconnect, even with video conferencing tools like Zoom. Video Window is designed to give uPicnic launches its first robotic pizza system
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Robotic pizza has proven a surprisingly popular goal for startups. Over the past several years, some of those dreams have been more successful than others. Zume is probably the most notable story of a company that fell short, ultimately abandoning its robotiGSK and R/GA Ventures are launching a health studio for startups
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GSK Next, the innovation arm of GlaxoSmithKlein, is launching a new mentorship and business development program. Called the Re/Wire Health Studio, the program will eventually select six startups who will win access to nine weeks of mentoring, business developAtlas slugged
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I watched a lot of skate videos growing up. At some point, failures became as important a fixture as perfectly executed tricks. The spills and the injuries could be downright gnarly (there’s a reason, after all, that skateboarding culture gave the worldFood conglomerate Forward Foods becomes Starday, raises $4M
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Forward Foods, creating healthy and sustainable food products, changed its name to Starday and raised $4 million in seed funding to take on “big food” incumbents.The 2022 Toyota GR 86 brings performance to the people
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The sports car market can seem like an exclusive club, one reserved for those with enough extra cash and garage space to make such a highly impractical passion purchase. More often than not, these prestige items are billed with intimidating power numbers andSalesforce announces first integrations with Slack after closing $28B sale
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When Salesforce acquired Slack at the end of last year for almost $28 billion, you had to figure that they had some big plans for the company, and today the CRM giant announced some initial integrations that should prove useful for Salesforce customers. Rob SMonte Carlo closes $60M Series C on the back of rapid ARR growth
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The company raised a Series B earlier this year, a $25 million round led by GGV and Redpoint. Both Series B lead investors participated in Monte Carlo's Series C.Split.io announces $50M Series D to continue growing feature flag platform
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As developers build applications, they often want to test new functionality on a limited set of users to blunt any possible negative impact or to gauge user reaction to the change before rolling it out more broadly. They use a technique called a feature flagHopper raises $170M at $3.5B+ valuation as travel surges and its fintech tools help offset variant concerns
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Travel tech company Hopper has raised a $170 million Series G, the company said today. Astute observers may recognize the number — that’s the same amount it raised in a Series F round that closed earlier this year. These are indeed new funds, howeverStop using Zoom, Hamburg’s DPA warns state government
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Hamburg’s state government has been formally warned against using Zoom over data protection concerns. The German state’s data protection agency (DPA) took the step of issuing a public warning yesterday, writing in a press release that the Senate CBrex buys Weav, a universal API for commerce platforms, for $50M
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Fintech Brex first partnered with Weav, a developer of a universal API for commerce platforms, last summer. In March, Brex launched Instant Payouts for Shopify sellers using the startup’s technology. The results were impressive enough that by April, Brex coMOLOCO raises $150M Series C led by Tiger Global at a $1.5B valuation
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MOLOCO, an adtech startup that uses machine learning to build mobile campaigns, announced today it has raised $150 million in new Series C funding led by Tiger Global Management, taking its valuation to $1.5 billion. This is separate from the $20 million SeriAfrican fintech Pngme raises $15M for its financial data infrastructure platform
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Unbundling financial data through APIs and driving data-driven insights with value-add products in Africa keeps getting more exciting as major players continue to raise more money for scale. Less than a year after its $3 million seed round, San Francisco- anUltrahuman raises $17.5M, touting a wearable blood glucose tracker
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Fitness platform Ultrahuman has officially announced a $17.5 million Series B fund raise, with investment coming from early stage fund Alpha Wave Incubation, Steadview Capital, Nexus Venture Partners, Blume Ventures and Utsav Somani’s iSeed fund. A number oTrading platform Bitpanda raises $263M at a $4.1BN valuation
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It’s not even half a year since crypto exchange Bitpanda announced a $170M Series B — when, back in March, Austria’s first unicorn was being valued at $1.2 billion. Today it’s topping that: Announcing a $263M Series C, led by Peter Thiinformed., you want to be? Trio of European media veterans take on the problem of news economics
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News is vital to society, but it’s also incredibly expensive to produce. As ad rates have suffered across the industry (minus a positive blip this summer), publishers have increasingly turned to paywalls to make ends meet. There’s just one problem: the opA leaked bill for Nigerian startups reveals a theme of licenses, fees, fines, and sentences
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For a while, there have been talks about revamping the outdated 2007 Act of Nigeria’s information and technology body, the National Information Technology Development Agency (NITDA). Earlier this year, in March, the director-general Kashifu Inuwa Abdullxentral, an ERP platform for SMBs, raises $75M Series B from Tiger Global and Meritech
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Enterprise Resource Planning systems have traditionally been the preserve of larger companies, but in recent years the amount of data small medium sized businesses can generate has increased to the point where even SMEs/SMBs can get into the world of ERP. AnRevenue-based financing startup Jenfi raises $6.3M to focus on high-growth Southeast Asian companies
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Many Southeast Asian digital businesses run into obstacles when seeking early-stage growth financing. They might not want to sell equity in their company, but often struggle to secure working capital loans from traditional financial institutions. That’s wheDaily Crunch: Israel-based stroke therapy tech startup BrainQ raises $40M
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Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.EV startup Canoo is gearing up for production in Oklahoma factory
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EV startup Canoo has hired hundreds of employees and is homing in on a production date, but critical milestones including landing a battery supplier remain, according to the company’s second quarter earnings report. Canoo’s earnings report comes jYik Yak returns from the dead
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After meeting an ignominious end in 2017, the anonymous gossip app once popular with college students lives again. Yik Yak returned to the iOS App Store on Monday (sorry, Android users) under new ownership, inspiring a fresh round of interest in the long-deaWhy fintechs are buying up legacy financial services companies
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As more fintech companies find their way to higher and higher valuations in both the private and public markets, expect to see more legacy banks and lenders be gobbled up by newer entrants.T-Mobile confirms it was hacked after customer data posted online
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T-Mobile has confirmed “unauthorized access” to its systems, days after a portion of customer data was listed for sale on a known cybercriminal forum. The U.S. cell giant, which last year completed a $26 billion merger with Sprint, confirmed an inLG Energy Solution inks deal with Australian mining company for nickel and cobalt
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South Korea’s LG Energy Solution has entered into a six-year agreement with an Australian mining company for cobalt and nickel, securing a stable supply of key minerals to make electric vehicle batteries. LG Energy, a subsidiary of LG Chem, will purchase 71Twitter taps crypto developer to lead ‘bluesky’ decentralized social network effort
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Twitter’s ambitious upstart decentralized social media working group “bluesky” took an important step Monday as the social media company appointed a formal project lead who will direct how the protocol develops moving forward. Crypto developSpin’s electric scooters and bikes are now on Google Maps
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Spin users planning trips in 84 cities, towns and campuses across the U.S., Canada, Germany and Spain will be able to view Spin's electric scooters and bikes on the app while planning their trip.Tinder will soon make voluntary ID Verification available globally
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Tinder announced this morning that in the “coming quarters,” users will be able to verify their ID on the app. This feature was first rolled out in Japan in 2019, where Tinder users must verify that they are at least 18 years old. Aside from placeRegulating crypto is essential to ensuring its global legitimacy
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We must eventually find a halfway point between those with valid concerns about the anonymity crypto assets provide and those who see regulation as prohibitively restrictive on crypto.Pearson to pay $1M fine for misleading investors about 2018 data breach
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Pearson, a London-based publishing and educaiton giant that provides software to schools and universities has agreed to pay $1 million to settle charges that it misled investors about a 2018 data breach resulting in the theft of millions of student records. TRoblox acquires Discord competitor Guilded
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Roblox is using M&A to bulk up its social infrastructure, announcing Monday morning that they had acquired the team at Guilded which has been building a chat platform for competitive gamers. The service competes with gaming chat giant Discord, with the teTropic picks up $25M to streamline software procurement experiences
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The pandemic was a catalyst for showing companies looking to cut costs, just how much they were spending on their software tools.Jeff Bezos’ Blue Origin goes toe to toe with NASA in federal court over award to SpaceX
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Blue Origin, the space company helmed by billionaire Jeff Bezos, is taking NASA to court. The company filed a complaint with a federal claims court on Monday over the agency’s decision to award a lunar lander contract solely to rival company SpaceX. The com
