Quantexa raises $64.7M to bring big data intelligence to risk analysis and investigations

The wider field of cyber security — not just defending networks, but identifying fraudulent activity — has seen a big boost in activity in the last few months, and that’s no surprise. The global health pandemic has led to more interactions and transactions moving online, and the contractions we’re feeling …...Read More

Amazon now sells auto insurance in India

Amazon’s India business said on Thursday it has begun offering auto insurance to cover two and four-wheeler in the country, marking American giant’s first foray into this financial services category globally. The e-commerce giant said it had inked a deal with Mumbai-headquartered Acko General Insurance to offer customers car and …...Read More

Electric-bike maker Cowboy raises $26 million

Cowboy has raised a $26 million (€23 million) Series B funding round from Exor Seeds, HCVC, Isomer Capital, Future Positive Capital and Index Ventures. The startup has been manufacturing premium electric bikes and selling them directly to consumers around Europe. The company recently released the third generation of its flagship …...Read More

Flipkart buys Walmart’s India wholesale business to reach mom and pop stores

Flipkart said on Thursday it is launching a wholesale marketplace to serve small and medium-sized businesses and neighborhood stores in India, entering an increasingly crowded space that has attracted several players including India’s largest physical retail chain (Reliance Retail), Lightspeed-backed Udaan, Amazon, and Facebook in recent years. To launch the …...Read More

Missfresh racks up $495 million in funding as China’s e-grocery booms

The COVID-19 lockdown around the world introduced online grocery to many shoppers for the first time, boosting an industry that had long drawn skepticism. In China particularly, the older generations often worry about buying perishable food without scrutinizing them in person. Still, venture investors are bullish on the future of …...Read More

Singaporean startup Partipost gets $3.5 million to let anyone become an influencer

Partipost, a Singapore-based marketing startup that lets anyone with a social media profile sign up for influencer campaigns, has raised $3.5 million in new funding. The round was led by SPH Ventures, the investment arm of publisher Singapore Press Holdings, with participation from Quest Ventures and other investors. The funding …...Read More

Tesla’s Megapack powers its small, but growing energy storage business

Tesla’s energy storage business picked up steam in the second quarter and even played a minor role in the company’s fourth consecutive quarter of profitability, according to earnings reported Wednesday. Commercial and residential energy storage sales as well as solar are still mere slices of Tesla’s overall business, which is …...Read More

Twitter admits hackers accessed DMs of dozens of high-profile accounts

Last week’s hack of over 100 very high-profile Twitter accounts did in fact expose the direct messages of many of those accounts, the company admitted today — including those of an elected official in the Netherlands, Geert Wilders. The attack saw numerous popular accounts of celebrities and politicians taken over …...Read More

UK’s Selina Finance raises $53M for its SMB loans platform based on home equity

When you need a loan, the cost and speed of getting it can be as critical to get right as the financing itself, a principle that might be even more relevant today in our shaky pandemic-hit economy than ever before. Today, a company that proposes to cut both the time …...Read More

Facebook tests a new Page design with a cleaner layout and no more ‘Like’ button

Facebook is testing a new design for Facebook Pages that will, among other things, remove the “Like” count, offer a cleaner and more readable layout, and make it easier for those who operate Pages to actually use and manage them. These features and others were initially tested with a small …...Read More