San Francisco startup Loyal is rethinking the concept of longevity and starting with man’s best friend. The company raised $27 million in Series A funding in a round, led by Khosla Ventures and including First Round Capital, Box Group, Collaborative Fund, The Longevity Fund and Lachy Groom — all companies involved in Loyal’s $11 million […]
Jscrambler raises $15M Series A to help defend against website attacks
Jscrambler, a Portugal-based startup specializing in cybersecurity products that protect organizations against web data exfiltration attacks, has secured $15 million in Series A funding. The investment, which comes two years after the startup secured $2.3 million in seed funding, was led by Ace Capital Partners and backed by existing investors Sonae IM and Portugal Ventures. Jscrambler […]
Bigeye, providing data quality automation, closes second round this year with $45M
Bigeye on Thursday announced a $45 million in Series B funding, just six months after securing a $17 million Series A round. Coatue led the new investment that included existing investors Sequoia Capital and Costanoa Ventures. Together, the San Francisco-based company has brought in a total of $66 million, which also includes a $4 million […]
India merger of Sony, Zee to create TV powerhouse challenging Disney
September 23, 2021 By Shilpa Jamkhandikar and Sankalp Phartiyal MUMBAI (Reuters) – A merger of India’s Zee and a domestic unit of Japan’s Sony Group Corp will create a television powerhouse to grab more advertising revenue, challenging top rival Walt Disney Co in a key growth market, industry officials said. The Sony-Zee alliance, with about […]
Samsung in talks with Tesla to make next-gen self-driving chips -Korea Economic Daily
September 23, 2021 SEOUL (Reuters) – Samsung Electronics is in talks with Tesla to make Tesla’s next-generation self-driving chips based on Samsung’s 7-nanometre chip production process, a South Korean newspaper reported on Thursday. Since the beginning of this year, Tesla and Samsung have discussed chip design multiple times and exchanged chip prototypes for Tesla’s upcoming […]
Salesforce raises full-year revenue outlook on hybrid work boost
September 23, 2021 (Reuters) -Salesforce.com Inc on Thursday raised its full-year revenue forecast, as the pandemic-led shift to hybrid work fueled demand for its cloud-based software. Shares of the company were up 2.4% at $265.4 in premarket trading. The business software maker’s revenue has gone from strength to strength over the past year, with the […]
Australia says will be patient on rebuilding ties with France
September 23, 2021 SYDNEY (Reuters) – Australian Prime Minister Scott Morrison said he has tried to arrange a conversation with French President Emmanuel Macron but has been unsuccessful so far, a week after his cancellation of a major submarine deal sparked a diplomatic row with Paris. Morrison, speaking in Washington on Wednesday, said he would […]
Soccer-Lukaku a distant memory as free-scoring Inter start in style
September 23, 2021 By Alasdair Mackenzie ROME (Reuters) – No Lukaku, no problem. Inter Milan have begun their Serie A title defence in free-scoring form, despite selling their top scorer from last season. While Juventus struggle in the absence of Cristiano Ronaldo, the Italian champions have had no such trouble, netting 18 goals in five […]
Soccer-Chelsea’s Tuchel looks to extend promising start against City
September 23, 2021 By Simon Evans MANCHESTER, England (Reuters) – European champions Chelsea take on Premier League title holders Manchester City at Stamford Bridge on Saturday in a re-match of last season’s Champions League final. When Chelsea triumphed in Porto against Pep Guardiola’s team in May, the result was considered an upset with City heavily […]
Golf-Garcia’s American wife calls on US Ryder Cup fans to cheer not jeer
September 23, 2021 (Reuters) -The American wife of Spanish golfer Sergio Garcia has called on her compatriots to show European players respect during the Ryder Cup after being embarrassed by some U.S. fans at the 2016 competition in Minnesota. Angela Akins said she hoped there would be no repeat of the atmosphere when the event […]
Sofar and DARPA look to standardize ocean monitoring gadgets with Bristlemouth
The ocean is important to countless industries, but we still only have a rough idea of what it’s like as a whole at any given time. To foster a new generation of ocean-monitoring floats and other devices, Sofar Ocean Technologies and DARPA are publishing an open hardware standard called Bristlemouth so that researchers will have […]
Cybersecurity startup Sternum raises $27M to ‘immunize’ IoT devices
Sternum, a three-year-old IoT cybersecurity startup based in Tel Aviv, has secured $27 million in Series B funding, led by Spark Capital. Internet of Things devices are more popular than ever, yet cybersecurity remains a looming concern. The number of attacks on IoT devices more than doubled during the first six months of 2021, according to […]
Italy’s Enel sets up digital grid service company
September 23, 2021 MILAN (Reuters) – Italy’s biggest utility, Enel, has set up a new company to offer digital grid services to power distributors round the world to help upgrade networks as the energy transition gathers pace. Gridspertise will manage all activities related to digital meters and intelligent grid services to help its clients deal […]
Yum China, Italy’s Lavazza aim to open 1,000 cafes in China by 2025
September 23, 2021 MILAN (Reuters) – Chinese restaurant chain Yum China and Italian coffee maker Lavazza, which formed a partnership in 2020, aim to open 1,000 Lavazza cafés in China by 2025, they said on Thursday. The two groups will inject $200 million initially into the joint venture to fund its future growth. In addition, […]
Futures rise as taper fears fade
September 23, 2021 By Ambar Warrick (Reuters) – U.S. stock index futures rose on Thursday, indicating Wall Street was set to jump further from recent lows after investors largely brushed off concerns over the Federal Reserve’s plans for tapering. The Fed said on Wednesday it could begin reducing its monthly bond purchases by as soon […]
Explainer-Whether centrist or progressive, the Fed’s new regulatory chief has long to-do list
September 23, 2021 By Pete Schroeder WASHINGTON (Reuters) – While the U.S. Federal Reserve’s next top regulatory official is still in the balance, one thing is certain: whoever gets the job will have a jam-packed agenda tackling the gamut, from capital rules and fair lending to digital assets and climate change. Appointed to the Fed […]
Labor shortages hit electronics makers as chip drought persists, causing delays
September 23, 2021 By Stephen Nellis (Reuters) – Nearly four in five electronics manufacturers say that it has become harder to find qualified workers, compounding problems from an ongoing chip shortage and causing delays in shipping products, a trade group representing them said on Thursday. IPC, which represents contract manufacturers such Foxconn, chipmakers such as […]
Bank of England nudges up inflation outlook, split over QE widens
September 23, 2021 By David Milliken and Andy Bruce LONDON (Reuters) -The Bank of England said inflation would rise above 4% later this year, and two policymakers called for an early end to the central bank’s quantitative easing programme due to rising price pressures. Policymakers voted 7-2 to stick with the 895 billion pound ($1.2 […]
China preparing for Evergrande’s downfall – WSJ
September 23, 2021 (Reuters) – Chinese authorities are asking local governments to prepare for the potential downfall of debt-ridden China Evergrande Group, the Wall Street Journal reported on Thursday, citing officials familiar with the discussions. The move has been characterised as “getting ready for the possible storm” by the officials, according to the report. The […]
Turkish central bank surprises with rate cut sought by Erdogan
September 23, 2021 ISTANBUL (Reuters) – Turkey’s central bank unexpectedly cut its policy rate by 100 basis points to 18% on Thursday, delivering stimulus long sought by President Tayyip Erdogan despite high inflation, and sending the lira to near a record low. The central bank was widely expected to hold interest rates steady at 19%, […]
