Industry News
Rivian says it’s on track to deliver 25,000 vehicles this year
Rivian said Wednesday the company produced 4,401 vehicles at its manufacturing facility in Normal, Illinois, and delivered 4,467 vehicles for the quarter ended June 30. “These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided,” Rivian said in a […]
With maiden $42M fund, Bonfire Union wants to invest in web3 like Tencent does in web2
Mask Network, a Binance-backed startup that enables users to send cryptocurrencies and encrypted messages on established internet platforms like Twitter, has an ambitious goal: to become the corporate venture capital powerhouse in web3 as Tencent has done in web2. To that end, the five-year-old company recently completed the first close of its venture investment arm […]
UK could force E2E encrypted platforms to do CSAM-scanning
The UK government has tabled an amendment to the Online Safety Bill that could put it on a collision course with end-to-end encryption. It’s proposing to give the incoming Internet regulator, Ofcom, new powers to force messaging platforms and other types of online services to implement content-scanning technologies, even if their platform is strongly encrypted […]
Forever21’s parent company sued Bolt, but now it’s a shareholder
A lawsuit that was filed against one-click checkout startup Bolt by one of its biggest customers will be dismissed as the two parties have agreed on a settlement, the companies announced jointly today. And interestingly, that same customer — Authentic Brands Group (ABG) — is now a shareholder of the company. ABG declined to comment […]
UK launches antitrust investigation into Microsoft’s $69B proposed Activision acquisition
One more hurdle up ahead for Activision Blizzard, the games giant behind “Call of Duty” that Microsoft is looking to acquire for $68.7 billion. The UK’s Competition and Markets Authority has announced a formal investigation into the proposed deal. This opens the investigation up for feedback from “any interested party” ahead of the CMA deciding […]
Celus, which uses AI to automate circuit board design, raises $25.6M
Just about every electronic contraption you care to think of contains at least one printed circuit board (PCB), which serves to house and connect the various components that allow the device to function as a whole. While circuit boards are mostly invisible to end-users, they are foundational to the world they inhabit, powering smartphones, automobiles, […]
IBM acquires Databand to bolster its data observability stack
IBM today announced that it acquired Databand, a startup developing an observability platform for data and machine learning pipelines. Details of the deal weren’t disclosed, but Tel Aviv-based Databand had raised $14.5 million prior to the acquisition. Databand employees will join IBM’s data and AI division, with the purchase expected to close on June 27. […]
Finli puts service-based business payment management in the palm of your hand
Finli’s platform was developed so owners could send invoices, look up customer information and check on payment status in between gigs.
Crypto gaming firm Cauldron raises $6.6M to build ‘Pixar of web3’
A number of crypto gaming firms have ramped up production in the past year with hopes of revolutionizing the growing industry. Adding to the list is London-based gaming firm Cauldron, which plans on becoming the “Pixar of web3” through a key element: storytelling. The company just closed a $6.6 million seed round and plans to […]