Apple is moving away from Intel’s chipsets in favor of its new, custom-designed ARM chips — but the company is promising that it’ll still support Intel’s Thunderbolt USB-C connectivity standard on new Apple silicon computers, despite the lack of Intel processors. “Over a decade ago, Apple partnered with Intel to design and develop Thunderbolt, and Read More…
Google has abandoned plans to develop and launch a cloud computing product designed for the Chinese market, among other politically controversial countries, according to a report from Bloomberg. The move marks the second high-profile initiative within Google to develop a product for the Chinese market, after the existence of a censored Chinese search product, codenamed Read More…
On Wednesday, Facebook announced that it had removed accounts belonging to Roger Stone, a friend and confidant of President Donald Trump, after having linked them to fake accounts and pages that were active throughout the 2016 election. The announcement came as part of Facebook’s release of its monthly report on disinformation on the platform. The Read More…
At first glance, Colvin — which recently announced that it has raised a $15 million Series B — might look like just another flower and plant delivery company, but co-founder and CEO Andres Cester said the startup has a much grander vision. “We were born with the ambition the company that would redesign global flower trade,” he said. Apparently, when Cester and his co-founder/COO Sergi Bastardas started researching the flower supply chain, they found an industry that was both “fragmented” in terms of growsers and sellers, but also surprisingly centralized, with the Aalsmeer Flower Auction in the Netherlands accounting for 77%
If necessity is the mother of invention, then new business owners are getting very inventive in the ways in which they access cash. Relying on some long-tested and some new avenues to raise money, entrepreneurs are finding more ways to get public market cash faster than they would have in the past. Whether it’s from Reg A crowdfunding dollars, Special Purpose Acquisition Companies (SPACs) or direct listings, these somewhat arcane and specialized financing vehicles are making a comeback alongside a rise in new funding mechanisms to get to market quickly and avoid the dilution that comes from private market rounds
Amazon will start publicly listing the names and addresses of US-based third-party sellers on its Marketplace platform as a measure to fight counterfeiters, according to a report from Business Insider. The change was announced in a note sent to sellers on Wednesday, and the change goes into effect on September 1st. “These features help customers Read More…
Intel has announced the details for its upcoming Thunderbolt 4 connection standard, which will be built on top of the also forthcoming USB4 specification. The new spec isn’t technically faster from a maximum speed perspective — like Thunderbolt 3, Thunderbolt 4 will support a maximum speed of up to 40 Gbps. But Intel is making Read More…
A deep tech startup building cryptographic solutions to secure hardware, software, and communications systems for a future when quantum computers may render many current cybersecurity approaches useless is today emerging out of stealth mode with $7 million in funding and a mission to make cryptographic security something that cannot be hackable, even with the most sophisticated systems, by building systems today that will continue to be usable in a post-quantum future. PQShield (PQ being short for “post-quantum”), a spin out from Oxford University, is being backed in a seed round led by Kindred Capital, with participation also Crane Venture Partners, Oxford Sciences Innovation
GoHealth, a Chicago-based company that provides consumers with a digital portal to help them select insurance products, set an initial price range for its IPO today. The firm intends to price its equity between $18 to $20 per share in its debut. As the company expects to sell 39.5 million shares in the offering, its IPO haul is huge. At the low-end of its range, GoHealth would raise $711 million, a figure that rises to $790 million at other end of its pricing spectrum. Including the 5.925 million shares the company will offer its underwriting team, its fundraise swells to
As IPO season continues, another venture-backed tech company is moving closer toward going public. This week nCino filed an updated S-1 filing, providing an initial price range for its equity of $22 to $24 per share. Indeed, nCino, a fintech startup that provides operating software to banks, intends to sell 7.625 million shares in its debut, worth $167.75 million to $183 million at those prices. Including shares offered to its underwriters, its haul grows to between $192.9 million and $210.5 million. Discounting the extra shares, nCino is worth between $1.96 billion to $2.14 billion at its current price range. The
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