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Senior care startup Honor secures $370M in debt and equity, reaches unicorn status

October 5, 2021 by David Barret Leave a Comment

Senior care can be a sensitive topic as many older people find themselves in situations where they need care, but are not to the point where they need the kind of around-the-clock care provided by nursing homes. Many older people still want some independence and to retain their dignity as they age and lose the […]

Filed Under: News

Recruiting operations platform ModernLoop lands $3.3M to create better technical hiring experiences

October 5, 2021 by David Barret Leave a Comment

Anyone looking for a job, even in the past decade, knows how difficult it can be or has been — applications going into a black hole of a CRM, no response and follow-ups or the process being drug out for months. Lydia Han and Christopher Triolo started ModernLoop in December 2020 after seeing the problem […]

Filed Under: News

Robinhood finally brings on-demand phone support to all of its users

October 5, 2021 by David Barret Leave a Comment

Robinhood announced Tuesday that it will be bringing “24/7” phone support to its 31 million users. It’s a long overdue move for the stock and crypto trading company founded in 2013, but one that signals its maturation following a challenging year that brought the company its biggest crisis, a surge in trading volume and its […]

Filed Under: News

Adaptive Shield lands $30M Series A to build out its SaaS security platform

October 5, 2021 by David Barret Leave a Comment

Adaptive Shield, a Tel Aviv-based startup that automates the security of software-as-a-service (SaaS) applications, has secured $30 million in Series A funding led by Insight Partners. The funding round, which also saw participation from Okta Ventures and existing investor Vertex Ventures Israel, follows a $4 million seed round in 2019. The company tells TechCrunch it will […]

Filed Under: News

Rendered.ai raises $6M on the promise of ending data scarcity 

October 5, 2021 by David Barret Leave a Comment

The availability of data can paralyze a company and its effort to bring software-centric products and services to market. To solve this issue, two-year-old data startup Rendered.ai is generating synthetic data for the satellite, medical, robotics and automotive industries. At its most broad, synthetic data is manufactured rather than gathered from the real world. “When […]

Filed Under: News

EU leaders to discuss strategic gas reserve at summit – Commission

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 BRUSSELS (Reuters) – European Union leaders will discuss later in October the idea of setting up an EU strategic gas reserve and the decoupling of electricity prices from gas prices, the head of the European Commission Ursula von der Leyen said on Tuesday. Speaking to reporters in Estonia, von der Leyen said […]

Filed Under: News

Pope Francis learns “with sorrow” of French clergy abuse report – Vatican

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 VATICAN CITY (Reuters) – Pope Francis “learned with sorrow” about the content of an investigation into sexual abuse in the French Catholic Church, a Vatican statement said on Tuesday. “First of all his thoughts go to the victims, with great sorrow, for their wounds,” the statement said, adding that the pope also […]

Filed Under: News

South African union starts indefinite strike, auto industry fears impact

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 CAPE TOWN (Reuters) – South Africa’s biggest metalworkers union on Tuesday launched an indefinite strike, seeking pay rises and threatening to block supplies of parts to make new cars and accessories, industry and union officials said. With around 155,000 members organised in the sector, the National Union of Metalworkers of South Africa […]

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Analysis-In Czech election, the prize is one of EU’s fastest-growing debt burdens

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 By Jason Hovet PRAGUE (Reuters) – The Czech government has ditched a long tradition of frugality over the last few years by piling tax cuts and wage hikes on top of pandemic spending, putting the country’s debt on course to hit critical levels much faster than anyone expected. That leaves an unenviable […]

Filed Under: News

Tennis-France name three from 2019 winning team for Billie Jean King Cup Finals

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 (Reuters) – France have named three of their 2019 winning team to defend their title at next month’s Billie Jean King Cup Finals in Prague, with Caroline Garcia, Alize Cornet and Fiona Ferro all returning to the top-seeded side. France triumphed in the 2019 edition with a team also featuring Kristina Mladenovic […]

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GM to open battery cell development center in push to cut EV costs

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 By Ben Klayman DETROIT (Reuters) – General Motors Co on Tuesday said it will open a battery cell development center in southeast Michigan to help it drive down the cost and boost the driving range of electric vehicles with lithium ion and solid-state battery cells. The Wallace Battery Cell Innovation Center, to […]

Filed Under: News

Romania’s parliament topples PM Citu’s centrist government

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 BUCHAREST (Reuters) – Romania’s parliament toppled the nine-month old minority government of Prime Minister Florin Citu by a large majority in a vote of no-confidence on Tuesday. Romania has been in a political stalemate for a month, threatening its economic recovery and its efforts to reduce the European Union member’s large twin […]

Filed Under: News

MTN Uganda IPO to raise almost double amount raised since capital market started -regulator

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 (Corrects reference to the figure to be raised) KAMPALA (Reuters) – Telecoms firm MTN Uganda’s initial public offering is expected to raise almost double what Uganda’s capital market has raised since its inception, Keith Kalyegira, CEO of the Capital Markets Authority said on Tuesday. The Uganda Securities Exchange says it has raised […]

Filed Under: News

Facebook outage shows need for more players, EU’s Vestager says

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 By Foo Yun Chee BRUSSELS (Reuters) – Facebook’s six-hour outage the previous day shows the repercussions fn relying on just a few big players and underscores the need for more rivals, EU antitrust chief Margrethe Vestager said on Tuesday. The outage prevented the company’s 3.5 billion users from accessing its social media […]

Filed Under: News

India’s Future Retail, 7-Eleven terminate franchise agreement

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 BENGALURU (Reuters) -Future Retail said on Tuesday it terminated a franchise agreement with 7-Eleven Inc to develop and operate the U.S. company’s convenience stores in India as it did not meet the targets of opening stores and payment of franchisee fees. The two companies decided to mutually terminate the agreement, which was […]

Filed Under: News

Futures tick higher as tech shares recover from selloff, cyclicals rise

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 By Shreyashi Sanyal (Reuters) – U.S. equity index futures rose on Tuesday as technology shares recovered from a sharp selloff in the previous session, while economy-sensitive cyclical stocks were in favor ahead of the closely watched monthly payrolls data later in the week. High-growth stocks including Apple Inc, Amazon.com Inc, Microsoft Corp […]

Filed Under: News

B2B marketplace ZAX targets Latin America’s wholesale sector with $6M in fresh capital

October 5, 2021 by David Barret Leave a Comment

Keeping a small sales business afloat in Latin America can involve long bus trips to find new products, lack of working capital and payment difficulties. These inefficiencies then trickle up to wholesalers who then have to raise costs and deadlines for deliveries. This caught the attention of second-time entrepreneurs Bruno Ballardie and Fernando Zanatta, who […]

Filed Under: News

Temasek leads $550M Series C extension into Orca Security, which aims for further international foothold

October 5, 2021 by David Barret Leave a Comment

Orca Security, an Israeli security company offering an agent-less platform for protecting cloud-based assets, secured a $550 million extension to the Series C funding round it raised seven months ago. The initial $210 million round brought the company’s valuation to over $1 billion, and the latest round boosts the valuation by 50% to $1.8 billion, […]

Filed Under: News

Russia says Facebook outage shows why it needs internet sovereignty

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 MOSCOW (Reuters) – Russian social networks reported a spike in activity during Monday’s global Facebook outage which Moscow officials said showed that Russia was right to develop its own sovereign internet platforms and social networks. Russia has sought for years to assert greater sovereignty over its internet segment, putting pressure on foreign […]

Filed Under: News

Ouster will buy Sense Photonics, drive for more automotive deals

October 5, 2021 by David Barret Leave a Comment

October 5, 2021 By Joseph White DETROIT (Reuters) – Lidar developer Ouster Inc said on Tuesday it has agreed to buy solid-state lidar startup Sense Photonics in an all-stock deal, and will set up a new automotive division to be run by Sense CEO Shauna McIntyre. Ouster said it will buy privately held Sense for […]

Filed Under: News

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