posted about 1 hour ago on techmeme
Sophia Kunthara / Crunchbase News: Kin, which uses thousands of data points to provide personalized home insurance in natural disaster-prone US states like FL, CA, and LA, raises $63.9M Series C  —  Home insurance startup Kin has raised $63.9 million in a Series C round, the company told Crunchbase News.

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posted about 1 hour ago on techmeme
Bloomberg: Ethos, whose platform allows customers to shop for and secure life insurance policies online, raises $200M led by General Catalyst at a $2B+ valuation  —  - $200 million round by General Catalyst, Sequoia, Accel, GV  — Jay-Z, Will Smith, Robert Downey Jr. also invest in Ethos

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posted about 2 hours ago on techmeme
Ben Bergman / dot.LA: Docs show that Bird is preparing to go public via a SPAC merger at $2.3B valuation; Bird expects to trim adjusted EBITDA loss to $96M in 2021 vs. $183M in 2020  —  Bird Rides, the Santa-Monica e-scooter company that was once a startup darling but saw ridership plunge during the pandemic …

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posted about 3 hours ago on techmeme
Rita Liao / TechCrunch: Innovusion, which develops lidar tech for autonomous vehicles, raises $64M Series B led by Temasek, bringing its total raised to over $100M  —  More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times.

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posted about 4 hours ago on techmeme
Ingrid Lunden / TechCrunch: Zencargo, which helps companies organize and track movements of their SKUs via its freight forwarding platform, raises $42M Series B led by Digital+ Partners  —  While consumers and businesses continue to use their purchasing power to spin the wheels of the globalized economy …

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posted about 6 hours ago on techmeme
Ian Hamilton / UploadVR: Sources: Sony's next-gen VR headset for PlayStation 5 will have improved resolution of 2000×2040 per eye, inside-out tracking, foveated rendering, and more  —  Sony's next-generation VR headset for PlayStation 5 has significantly higher resolution, inside-out tracking, a vibration motor …

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posted about 6 hours ago on techmeme
Ari Levy / CNBC: Cloud stocks plunge to six-month low, with Snowflake among the worst performers, closing at $193.82, down from about $314 in mid February  —  - An index of cloud software stocks dropped for the seventh day in eight days, reaching its lowest since November.  — Investors have been moving …

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posted about 7 hours ago on techmeme
MacKenzie Sigalos / CNBC: Roblox reports Q1 revenue grew 140% YoY to $387M, DAUs rose 79% YoY to 42.1M, and users spent 9.7B hours on the platform, up 98% YoY; stock up 5%+ after hours  —  - In Q1, Roblox reported a loss per share of $0.46, the company reported on Wednesday.  — It also brought in $387 million of revenue.

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posted about 7 hours ago on techmeme
Nikkei Asia: A look at Samsung's struggles to compete with TSMC as it tries to acquire advanced chip manufacturing equipment from ASML  —  SEOUL — Samsung Electronics Vice Chairman Lee Jae-yong flew to the Netherlands in fall 2020 despite the COVID-19 pandemic, seeking crucial semiconductor production …

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posted about 9 hours ago on techmeme
Mitchell Clark / The Verge: Facebook says it's testing a prompt that encourages users to open unread articles before sharing them, about a year after Twitter debuted a similar prompt  —  The new pop-up is being tested starting today  —  Facebook has announced on Twitter that it will start testing a pop-up that asks users …

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posted about 10 hours ago on techmeme
Catalin Cimpanu / The Record: Report: twice in 2021, 25%+ of Tor's entire exit node capacity was known to be malicious and involved in a scheme targeting users accessing crypto-related sites  —  For more than 16 months, a threat actor has been seen adding malicious servers to the Tor network in order to intercept traffic …

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posted about 10 hours ago on techmeme
Kurt Schlosser / GeekWire: Amazon's first Brand Protection Report details how it combats counterfeit products, like preventing 10B suspected bad listings from being in the store last year  —  As part of a continued effort to show that it's serious about cracking down on counterfeit goods sold on its platform …

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posted about 10 hours ago on techmeme
Jonathan Greig / ZDNet: AXA, one of Europe's largest cyber insurance providers, says it will stop reimbursing ransom payments made by French ransomware victims  —  One of Europe's biggest insurers is now suspending policies in France that reimburse victims for ransomware payments.

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posted about 11 hours ago on techmeme
Wall Street Journal: Colonial Pipeline says it is working on “substantially restoring operational service by the end of the week”; FBI confirms DarkSide was behind the attack  —  DarkSide, a relatively new ransomware organization, says it has no connection to foreign governments

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posted about 12 hours ago on techmeme
Issie Lapowsky / Protocol: AGs from 44 states urge Facebook to abandon plans to launch a version of Instagram for kids under 13, citing research about the harm social media can cause kids  —  In a letter sent to Mark Zuckerberg Monday, attorneys general from 44 states urged the Facebook CEO to abandon plans to launch a version of Instagram for kids under 13.

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posted about 12 hours ago on techmeme
Rita Liao / TechCrunch: Crypto asset manager Babel Finance raises $40M Series A from Zoo Capital, Sequoia Capital China, Tiger Global, and others  —  Three years after its inception, crypto financial service provider Babel Finance is racking up fundings and partnerships from major institutional investors.

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posted about 13 hours ago on techmeme
Damon Beres / VICE: Some independent repair experts say the MacBook schematics released by ransomware group REvil are helpful in understanding and fixing devices  —  Hacked and leaked schematics won't help you make a counterfeit MacBook.  They will help repair experts recover lost data, though.  —  DB

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posted about 13 hours ago on techmeme
Eamon Javers / CNBC: DarkSide, reportedly behind Colonial Pipeline attack, says its goal is making money, not causing problems, and will add moderation to pick its next targets  —  - A hacker group called DarkSide is reportedly behind the cyber attack on Colonial Pipeline that shut down a major oil pipeline over the weekend.

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posted about 14 hours ago on techmeme
Wayne Ma / The Information: Investigation: seven Apple component suppliers are linked to alleged forced labor involving Uyghurs and minorities in China; some received thousands of workers  —  Advanced-Connectek has made unglamorous but critical computer components for Apple for more than a decade.

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posted about 14 hours ago on techmeme
Heather Somerville / Wall Street Journal: Analysis: 45+ startups received COVID-19 PPP loans and went on to raise hundreds of millions each by going public; PitchBook says $4B went to VC-backed startups  —  Turnabout prompts disagreement among investors, executives over whether government loans should be repaid

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posted about 15 hours ago on techmeme
Tim Hardwick / MacRumors: Apple awards $45M from its Advanced Manufacturing Fund to Corning, bringing its total investment in the precision glass maker to $495M  —  Apple today announced it is awarding its longtime iPhone, iPad, and Apple Watch glass supplier Corning an additional $45 million from its Advanced Manufacturing Fund …

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posted about 15 hours ago on techmeme
Ryan Browne / CNBC: Ethereum rose nearly 7% in the past 24 hours to reach a record high of $4,141.99, giving a $476.3B market cap; Bitcoin fell 2%+ in April, while ether rose 40%+  —  - Ether, the world's second-largest cryptocurrency, rose nearly 7% over the last 24 hours to a record high of $4,141.99.

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posted about 15 hours ago on techmeme
John D. McKinnon / Wall Street Journal: The Pentagon says it is reviewing the JEDI cloud computing project, which has been mired in litigation from Amazon after being awarded to Microsoft  —  With $10 billion contract mired in litigation from Amazon, defense officials are reviewing other options to move forward

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posted about 16 hours ago on techmeme
Thomas Seal / Bloomberg: UK's NCSC says it took down 700K+ malicious campaigns in 2020, 15x more than it did in 2019, as scams increased during the pandemic  —  - Attackers imitated government agencies to exploit pandemic  — Fake celebrity endorsements underpinned other popular schemes

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posted about 16 hours ago on techmeme
Manish Singh / TechCrunch: Telkomsel, Indonesia's biggest telecom network, invests an additional $300M in ride-hailing giant Gojek, after investing $150M in November 2020  —  Telkomsel, a unit of Indonesia's largest telecom operator Telkom, has invested an additional $300 million in ride-hailing and payments firm Gojek …

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