Activist investor Elliott Investment Management has taken a substantial stake in Salesforce, amid job cuts and a hefty fall in share price at the software company. According to multiple reports, Elliott took…
Apple Announces iCloud Backup Encryption
Apple has announced it will offer users the ability to encrypt iCloud data on its servers, including backups, photos and notes. The new feature, called Advanced Data Protection, will prevent Apple from…
Zoom Shares Drop Amid Murky Outlook
Shares of video communications company Zoom fell 16% on Tuesday after the company missed revenue estimates for the second quarter. Zoom reported $1.10 billion in revenue for the three months ending June,…
Google Fires Engineer Who Claimed Artificial Intelligence Technology was Sentient
Google has fired the engineer who claimed an artificial intelligence chatbot had gained consciousness. Blake Lemoine, raised ethical concerns with the company last month after he became convinced the AI chatbot he…
Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation
Israeli venture capital fund YL Ventures has sold its stake in compatriot cybersecurity firm Axonius – just days after the latter was valued at over a billion dollars. The stake, worth around…
OurCrowd Jobs Index Shows Startup Hires Growing Despite Pandemic
Startups backed by influential Israel-based equity crowdfunding group OurCrowd are looking to hire in greater numbers, despite the lingering COVID-19 pandemic. The number of jobs listed by OurCrowd’s global portfolio companies more…
For Vertical Farms to Succeed, Sensors Must Take Center Stage
Vertical farming—the process of cultivating produce in stacked, indoor shelves, rather than side-by-side in fields—is a fast-growing industry (pardon the pun). Since it was conjured (or revived, depending who you ask) in…
Seattle’s Flexe Raises Another $10m to Supercharge Series C
FLEXE, a Seattle-based startup that offers retailers on-demand warehouse space, has raised another $10 million of a Series C funding round it first announced last month. The extra cash brings the round…
Indian HR Firm DarwinBox Raises $15m for Southeast Asia Scale
Human resources tech startup DarwinBox has raised a $15 million Series C funding round, as it aims to scale its platform deeper into the southeast Asian market. The round, led by Salesforce…
Dallas Diversity Startup Kanarys Wins $3m Seed Round
Kanarys, a startup aiming to help employees and companies build diverse workplaces, has won a $3 million seed funding round, bringing its total backing to $4.6m. The Dallas, Texas-headquartered firm, launched in…