$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…

Qualcomm Alleges Apple Stole And Passed On Its Trade Secrets To Intel For iPhone Chips

Chip making giant Qualcomm has again raised allegations against Apple Inc of decamping with “vast swaths” of confidential information and trade secrets of the company and then the iPhone maker has also shared the same with Intel to allow the Qualcomm’s chip maker to enhance the modems made by Intel which are fitted into Apple’s…

German Regulator Warns Deutsche Bank Over Money-Laundering, Appoints Auditor

Deutsche Bank has been directed to put in more effort by the financial regulator of Germany to prevent incident of money-laundering and “terrorist financing,” and has also directed the appointment of an independent auditor to monitor the progress of the efforts being made by the bank BaFin, the German financial regulator announced on Monday that…