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Final vote delayed for Korea’s plan to ban Google and Apple in-app payment rules

5 years 1 month ago
As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down in South Korea. South Korea’s parliamentary committee passed on Wednesday (25 August) a landmark bill to prevent Google and Apple from […]
Kate Park

Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

5 years 1 month ago
Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a […]
Manish Singh

BreachQuest emerges from stealth with $4.4M to modernize incident response

5 years 1 month ago
BreachQuest, an early-stage startup with a founding team of cybersecurity experts building a modern incident response platform, has emerged from stealth with $4.4 million in seed funding. The investment was raised from Slow Ventures, Lookout founder Kevin Mahaffey, and Tinder co-founders Sean Rad and Justin Mateen, who described BreachQuest as having a “disruptive vision and […]
Carly Page

MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

5 years 1 month ago
Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing investors — RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, Endeavour Catalyst, Beco Capital […]
Tage Kene-Okafor

Vietnam after-school learning startup Marathon raises $1.5M pre-seed round

5 years 1 month ago
Marathon Education was created after its founders realized after-school education in Vietnam hadn’t evolved much since they were kids. Some of the most popular tuition centers in big cities teach hundreds of students at once. “They’re packed like sardines and that really has not changed in the past one or two decades when I went […]
Catherine Shu

Ai Palette raises $4.4M to help companies react faster to consumer trends

5 years 1 month ago
Developing new packaged foods and consumer goods can take a couple years as companies research, prototype and test products. In a society that runs on social media, however, people expect to see trends land on store shelves much more quickly. Founded in 2018, Ai Palette uses machine learning to help companies spot trends in real […]
Catherine Shu

Digital locker app Movies Anywhere adds AI-powered lists to organize your library

5 years 1 month ago
Movies Anywhere, an app that allows you to centralize your digital movie collection from across services, is rolling out a new feature that will help you make better sense of your growing library. The company today introduced an AI-powered feature called “My Lists,” which automatically groups movies together based on any number of factors — […]
Sarah Perez

Linktree partners with PayPal to allow users globally to accept direct payments

5 years 1 month ago
Linktree, the popular “link in bio” service with more than 16 million users, is partnering with PayPal to expand its recently launched “Commerce Links” tools for direct payment on Linktree globally. The Melbourne-based startup says creators in over 200 countries where PayPal operates can now accept payments through the transaction tools. Launched in March, Commerce […]
Aisha Malik

ForgeRock files for IPO as identity and access management business grows

5 years 1 month ago
ForgeRock filed its form S-1 with the Securities and Exchange Commission (SEC) this morning as the identity management provider takes the next step toward its IPO. The company did not provide initial pricing for its shares, which will trade on the New York Stock Exchange under the symbol FORG. The IPO is being led by […]
Sean Michael Kerner

Fika Ventures nearly triples its assets under management: ‘It’s definitely a crazy time’

5 years 1 month ago
Fika Ventures is a five-year-old, LA-based seed-stage fund that has been funding mostly business-to-business startups, as well as fintech companies and a sprinkling of healthcare IT startups — as long as they don’t involve hardware or FDA approval. The firm’s investors apparently think it’s doing a decent job. After raising $41 million for its debut […]
Connie Loizos

Bankers chase Byju’s for IPO, valuation pegged up to $50 billion

5 years 1 month ago
Nearly every top investment bank is chasing Byju’s and nudging the most valuable Indian startup to seriously explore the public markets as soon as next year. Most banks have given Byju’s a proposed valuation in the range of $40 billion to $45 billion, but some including Morgan Stanley have pitched a $50 billion valuation if […]
Manish Singh
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