SBF started a $2 billion venture fund using Alameda loans
On January 14, 2022, former crypto mogul Sam Bankman-Fried tweeted: “First, we’re launching a $2 billion venture fund, FTX Ventures. As a founder, it’s important to support other founders creating great companies. Hopefully this will allow us to do that a lot more.” A noble goal, to be sure. But
Read moreMastercard CFO says India’s UPI ‘incredibly painful experience’ for ecosystem participants
India’s UPI is “fantastic at many levels” but remains an “incredibly painful experience” for ecosystem participants, Mastercard CFO said at a recent conference, underscoring tensions around the mobile payments rail that facilitates over 10 billion transactions monthly in the nation with low card penetration. When questioned about Mastercard’s prospects in
Read moreAI revolutionizing MRI scans — A Munich startup banked $32M to scan eggs, and says humans are next
Germany, France, and Italy are among the countries which last year enacted laws to stop the practice of culling male day-old chicks, because, as they do not lay eggs, are considered surplus to requirements. This was not just because of the waste created but also out of animal welfare and
Read moreThe Best Detection and Response Strategy for Cyberthreats
The fast-evolving world of online threats is compelling organizations to broaden their cybersecurity strategies, moving beyond traditional approaches. This period of change can be somewhat bewildering for network security professionals in search of the most pertinent detection and response tools to combat a highly adaptive and sophisticated modern adversary. This
Read moreRecs is a social ‘wallet’ for stashing and sharing your favorite places
The most popular apps suck us into the technological equivalent of couch lock, but it’s easy to imagine how things might have gone differently. Rather than idly scrolling and mindlessly issuing likes into the void, social media could — and, at its best, does — empower us to connect beyond
Read moreWM Motor’s bankruptcy highlights challenges faced by EV startups in China
Chinese electric vehicle startup WM Motor has filed for bankruptcy, an example of yet another once-promising EV upstart that has been pushed to insolvency as bigger players gain market share and Chinese spending on big ticket items dwindles. WM Motor, backed by Baidu and Tencent, was one of the most
Read moreEvolution Space to build solid rocket motor testing center at NASA Stennis
Mojave, California-based Evolution Space has a new deal with NASA to begin building a solid propulsion center and solid rocket motor testing at the agency’s Stennis Space Center, which will see former facilities repurposed into Evolution’s “Space Propulsion Center.” Evolution plans on repurposing former facilities that were part of the
Read moreMSPs told by security expert now is not the time to be complacent
A group of Managed Service Providers (MSPs) attending the recent ASCII Edge: The MSP Conference in Toronto received excellent advice and guidance during a presentation from speaker Michal Jankech that revolved around threat intelligence, incident response, and the role played by human expertise. Jankech, the vice president for North America
Read moreIndia’s InsuranceDekho raises another $60 million
InsuranceDekho, the insurer that was incubated within the automobile marketplace group CarDekho, has raised $60 million in a new funding round as the startup looks to supercharge its growth. Mitsubishi UFJ Financial Group, insurer BNP Paribas Cardif, Beams Fintech Fund and Yogesh Mahansaria Family Office financed InsuranceDekho’s Series B funding,
Read moreJapanese VC Beyond Next Ventures raises $67.7M in a first close of its deep tech fund
A Japanese fund focused on early-stage, Asian deep tech startups is doubling down on the opportunity, despite a wider slowdown investing in moonshots globally. Tokyo-based Beyond Next Ventures is targeting up to ¥25 billion (about $168 million) for BNV Fund 3, its third fund, and today, the venture capital firm
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