Fidelity deepens valuation cut for SaaS startup Gupshup
Fidelity has slashed the estimated worth of its holding in SaaS startup Gupshup by over 20% in a month and by more than 50% since the original investment in the latest brutal markdown across private markets. The U.S. asset manager valued its holding in Gupshup at $8.08 million at the end
Read moreWalmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake
Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a gain
Read moreAncient estimate of π and modern numerical analysis
A very crude way to estimate π would be to find the perimeter of squares inside and outside a unit circle. The outside square has sides of length 2, so 2π < 8. The inside square has sides of length 2/√2, so 8/√2 < 2π. This tells us π is
Read moreTesla’s range-flation problem, Waymo reverses on self-driving trucks and Ford tweaks its EV playbook
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages
Read moreData of about 26,000 patients may have been copied from Toronto hospital group
Personal information of some 26,000 patients at one of the country’s biggest hospital groups may have been copied by an attacker in June. Toronto’s University Health Network (UHN), a group that includes three downtown hospitals, notified an unknown number of people earlier this month that a database that tracks electronic
Read moreITWC’s 2023 Top Women in Cybersecurity: An interview with Susan Chiang of Cloudflare
Experts regularly insist that diversity — be it in age, colour, ethnicity or other categories — helps make an organization vigorous. An example is Susan Chiang. A woman born in Taiwan whose family moved to the U.S., she has risen to become senior director of security at Cloudflare, overseeing a
Read moreIs Black news VC backable?
Lately I’ve been thinking about media publishing startups (think Semafor and Puck) and their fundraising rounds. Semafor recently raised a $44 million seed round, and Puck raised a $7 million Series A in 2021. The Messenger, among the newest in the industry, recently raised $50 million. Publishing media jobs are
Read moreTop Women in Cybersecurity panel offers career advice
A professional singer, a mother, and an association administrator are the backgrounds of five of the honorees for this year’s IT World Canada Top Women in Cybersecurity event. That came out at a panel discussion on careers during Wednesday’s fourth annual celebration honoring women in the industry. Consider these five
Read moreCan we trust automakers to build an EV charging network that rivals Tesla’s Supercharger?
Automakers appear to have had an awakening last week: Electric vehicles are the future, and if they want to continue selling cars, they have to think beyond the car. I’m not talking about subscriptions, though; I’m talking about charging. For years, major auto manufacturers were happy to leave the infrastructure
Read moreWhen you’ve got two exits under your belt by the age of 26
In this week’s edition of The Interchange, we touch on M&As in the fintech space as AngelList nabbed a startup and Uplift got bought for less than it raised in venture funding. We get into those deals, and much more. Want to receive this in your inbox every Sunday? Sign
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