Government

Russia fines Facebook & Telegram for failing to delete illegal content

1 month ago   |   By RT

A Russian court has slapped Facebook and Telegram with small fines on Thursday after the platforms failed to respond to illegal content claims.
The US social media giant was fined 6 million rubles , while the messaging app's fine was nearly double at 11 million rubles .
Moscow's Tagansky District Court said on Thursday it had fined Facebook for two different administrative offences, while Telegram was fined for three offences. The details of those have not been disclosed.
Also on rt.com
China cracks down on tech firms over their collection and use of personal data
Neither Facebook nor...
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Titan secures $58 million to democratize active strategies for young retail investors

Titan secures $58 million to democratize active strategies for young retail investors

1 month ago   |   By Business Insider

Summary List Placement The news: The US-based retail investing platform has closed a $58 million Series B at a valuation of $450 million, led by Andreessen Horowitz and a host of celebrities, like Will Smith, per Business Wire. It will use the funding to broaden its suite of investment products.
Here's how it works: The investment fintech aims to democratize retail investors' access to actively managed investment strategies .
Titan's core market is millennials, and it gives these investors direct access to its range of stock options, including large US companies, small and medium...
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Obé Fitness raises $15M for its personality-driven exercise platform

Obé Fitness raises $15M for its personality-driven exercise platform

1 month ago   |   By Tech Crunch

Obé Fitness' co-founders/co-CEOs Mark Mullett and Ashley Mills toss around the word “entertrainment” a lot. For the record, it's not a reference to the Butler County, Ohio-based amusement park that serves as the home of the “world's largest train display,” but rather one of those industry portmanteaus like infotainment or webinar.
Here it's meant to be a reference to what the New York-based company sees as its principle differentiator from an increasingly crowded market. Mills describes it as “where entertainment and fitness meet. Talent is key to that. Not also being able to cast talent...
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Magic lands $27M Series A for its ‘plug and play' passwordless tech

Magic lands $27M Series A for its ‘plug and play' passwordless tech

1 month ago   |   By Tech Crunch

Magic, a San Francisco-based startup that builds “plug and play” passwordless authentication technology, has raised $27 million in Series A funding.
The round, led by Northzone and with participation from Tiger Global, Volt Capital, Digital Currency Group and CoinFund, comes just over a year after Magic launched from stealth , rebranding from its previous name Formatic.
The company, like many others, is on a mission to end traditional password-based authentication. Magic's flagship SDK, which launched in April 2020, enables developers to implement a variety of passwordless authentication...
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Decentralized identity authentication platform Magic raises $27M

Decentralized identity authentication platform Magic raises $27M

1 month ago   |   By Venture Beat

Magic, a blockchain-powered decentralized identity authentication platform, has raised $27 million in a series A round of funding.
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Zone7 Raises $8 Million In Series A Round To Expand Artificial Intelligence Platform For Predicting Sports Injury Risks

1 month ago   |   By Forbes

Zone7, an artificial intelligence platform, recently secured $8 million in a Series A funding round to help expand its reach in sports as well as other industries.
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Visa acquires Currencycloud, which makes APIs for remittances and currency transfers, in a $963M deal

1 month ago   |   By Tech Crunch

A year and a half after Currencycloud raised $80 million in a round that included Visa , the London-based developer of APIs that powered remittance and currency exchange services is getting even closer to the financial services giant. Today, Visa announced that it would acquire CurrencyCloud in a deal valued at $963 million .
This price is a very decent leap from that last funding round, when sources told us the startup was valued at around $500 million.
(As Visa already has equity in the company, the amount it will actually pay will be reduced by that amount.)
CurrencyCloud has some 500...
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See the pitch deck that helped Arianna Huffington's startup raise $80 million as it bids to end the 'stress and burnout epidemic'

See the pitch deck that helped Arianna Huffington's startup raise $80 million as it bids to end the 'stress and burnout epidemic'

1 month ago   |   By Business Insider

Summary List Placement When Arianna Huffington founded her wellness startup Thrive Global in 2016 , she was one of only a few high-profile business executives regularly talking publicly about burnout .
Supercharged by a global pandemic that upended most people's working lives, "burnout" has become part of the everyday lexicon and an increasingly important issue for business leaders .
Huffington told Insider that 2020 was a banner year for Thrive, which offers companies a software platform, app, and a range of other support to help improve their employees' wellbeing. The first quarter of...
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Tailor Brands raises $50M, aims to be one-stop shop for small businesses to launch

1 month ago   |   By Tech Crunch

Tailor Brands , a startup that automates parts of the branding and marketing process for small businesses, announced Thursday it has raised $50 million in Series C funding.
GoDaddy led the round as a strategic partner and was joined by OurCrowd and existing investors Pitango Growth, Mangrove Capital Partners, Armat Group, Disruptive VC and Whip Media founder Richard Rosenblatt. Tailor Brands has now raised a total of $70 million since its inception in 2015.
“GoDaddy is empowering everyday entrepreneurs around the world by providing all of the help and tools to succeed online,” said Andrew...
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Here's the 11-page pitch deck a blockchain startup looking to revolutionize private markets investing used to nab $48 million from investors like Morgan Stanley

Here's the 11-page pitch deck a blockchain startup looking to revolutionize private markets investing used to nab $48 million from investors like Morgan Stanley

1 month ago   |   By Business Insider

Summary List Placement Investors are flocking to the private markets in droves to buy stakes in startups, real-estate, cryptocurrencies, and other alternative assets. As companies stay private for longer, they want to share in the wealth creation that occurs before these companies' public debuts.
Securitize, founded in 2017 by tech industry veterans Carlos Domingo and Jamie Finn, is bringing blockchain technology to the private markets to make investing simpler. The company raised $48 million in Series B funding on June 21 from investors including Morgan Stanley and Blockchain...
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This startup just raised $75 million to make a more cheesy plant-based cheese

1 month ago   |   By Fast Company

‘We have a KPI internally for how long your cheese is stretching,' says the founder of Nobell Foods.
When Magi Richani began to shift to a plant-based diet five years ago, she faced a challenge common to people making a dietary move away from animal products: She didn't want to give up cheese. “It was just so freaking hard,” she says. “I couldn't find anything out there that would satisfy that bite of cheese on a pizza, or in a grilled cheese sandwich. And I tried every single plant-based cheese out there.”
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See the pitch deck a Berlin-based startup used to raise $10 million for its digital content delivery platform that's nabbed two European government bodies as clients

See the pitch deck a Berlin-based startup used to raise $10 million for its digital content delivery platform that's nabbed two European government bodies as clients

1 month ago   |   By Business Insider

Summary List Placement GraphCMS, a Berlin-based content delivery platform, has raised a $10 million Series A round led by OpenOcean, a VC firm that focuses on digital infrastructure startups.
The company's product is a "headless" content management system that lets businesses create, edit and update content for any of their channels in one place, rather than having to individually update their websites, mobile apps, commerce platforms, and so on.
Its USP is that it's the first company to build a system like this using GraphQL, a coding language that lets developers request data from...
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Alleghany Corp : Price Down $-11.61 % Over Past Day, Down $-10.39 % Over...

Alleghany Corp : Price Down $-11.61 % Over Past Day, Down $-10.39 % Over Past Hour

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The Insurance Claims Process and How to File

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