Every network is under siege these days as attackers search for a way in. The industry lingo calls them attack vectors, but that just means a hacker finds a weak link in the network and exploits it. Once they’re in they begin to do damage, but in doing so, they behave in ways that might be out of the ordinary coming from that particular machine. LightCyber, one of the many cyber… Read More
from TechCrunch
Ahoy there gig economy… Lystable, which makes a software tool focused on helping businesses manage freelancers, has closed an $11 million Series A round led by Peter Thiel’s Valar Ventures and Goldcrest Capital. Spring Partners also participated in the round. Read More
from TechCrunch
News of an offer from Tesla to acquire SolarCity came mostly unexpected to traders earlier this afternoon. In a rapid “knee-jerk” reaction, traders bid up SolarCity by 13 percent and sent Tesla tumbling down 12 percent. It is typical for the stock of an acquisition target to spike while the acquirer’s stock falls according to Michael Morosi of Avondale Partners. SolarCity… Read More
from TechCrunch
DFJ Growth, the 10-year-old growth-stage arm of the 30-year-old Sand Hill Road firm, is raising a new $500 million fund, suggests an SEC filing first flagged by Fortune. The timing fits the narrative of many Silicon Valley venture firms, many of which have been returning to their LPs in two years’ time, rather than a more traditional three or four years. Indeed, the firm raised its… Read More
from TechCrunch
The great Elon Musk empire is uniting. Today his electric car and battery company Tesla announced its offer to acquire his solar panel installation company SolarCity. Together the companies could allow you to outfit your home with solar panels that power a giant battery for everything inside as well as your electric car. The deal still has to be approved by SolarCity and its board. If it… Read More
from TechCrunch
Juniqe, the European marketplace for curated art, has closed €14 million in Series B funding. Leading the round is growth venture fund Highland Europe — which has been very active of late — alongside existing investors Vorwerk Ventures, High-Tech Gründerfonds, and Redalpine. Read More
from TechCrunch
Collaborative prototyping and design tool InVision has raised a $55M Series D round led by Iconiq Capital, the venture firm known for investing funds for Mark Zuckerberg and Jack Dorsey, among others. Existing investors Accel Partners and FirstMark Capital also participated in the round. The cash infusion comes a little less than a year after a $45M Series C. While the startup… Read More
from TechCrunch
It is finally confirmed: Tencent has announced that it has acquired a majority ownership of Supercell, the Swedish firm behind hit game Clash Of Clans, for around $8.6 billion. Read More
from TechCrunch
Drones have numerous applications in security, inspection, and other major roles at industrial facilities, but in many cases manual control is still the standard. Tel Aviv-based Airobotics aims to automate the process as an alternative to costly and involved human pilots, and has raised $28.5 million to do so. Read More
from TechCrunch
Trust greases the wheels of the sharing economy, paving the way for transactions to take place between total strangers. But figuring out who is trustworthy and who is not remains a sticky bottleneck for digital businesses wanting to scale faster. Meanwhile the consequences for customers when startups screw up these risk calculations can be very unpleasant indeed. Read More
from TechCrunch