A Successful Funding Round Can Value Chinese Firm ByteDance At $75 Billion

The largest of the social media platforms including Facebook and Twitter have had to face severe criticisms of not doing enough to prevent abusive discourse and allowing malicious political influence campaigns in the United States as well as in other places. This has dented not only their image but has also impacted their market value.…

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Scientists Find New Material That Increases Efficiency Of Solar Cell

According to claims by American researchers, they have managed to identify a new material that would allow greater efficiency in conversion of sunlight into electricity compared to the conventional technologies now used such as silicon and this can form the basis of a development of next-generation solar cells in the near future. . The unique…

VW to hardware retrofit select older diesel cars in Germany

Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…

Business Group Warns Tech Devices Can Be Exposed To Exploitation By Australia’s Spyware Law

Australia’s peak industry group has warned that “systemic weakness or vulnerability” could be created that would be open to exploitation by the proposed legislations made by Peter Dutton which proposes to increase the capabilities of the government for surveillance into telecommunication devices by injecting spyware risks. This was said by the Australian Industry Group in…

$50 million raised by UK Cybersecurity start-up Darktrace, company valued at $1.65 billion

Following a funding round that yielded $50 million, the market valuation of the British cybersecurity start-up Darktrace touched $1.65 billion. With backing from existing investors KKR and TenEleven Ventures, European private equity firm Vitruvian Partners led the most recent investment round in the company. Detection and countering of cyber threats is done through the use…

Swiss-startup SEBA Crypto AG raises $103 million in latest funding round

SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…

Cyber security startup Darktrace raises $50 million in latest funding round

The Series E funding round was led by European private equity firm Vitruvian Partners LLP. So far the company has raised $229 million. Darktrace, a cyber-security firm stated, it has raised $50 million in its latest funding round that was led by Vitruvian Partners LLP, an European private equity firm, and saw the startup being…