Brazil’s second-hand car market is booming and Volanty’s latest funding is proof of that. On Thursday, Volanty, a digital used car portal in Brazil stated, it has received a funding of $17.6 million (70 million reais) from a consortium of venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The development comes in…
The material, EUV photoresists, is crucial for chip production. On Thursday, South Korean Prime Minister Lee Nak-yon stated, Japan has approved the export of a high-tech material to South Korea. This is the first such export since Japan tightened the exports of high-tech materials used in the making of displays and chips. Japan has approved…
The $10 billion deal could be announced later today. On Thursday, sources familiar with the matter at hand stated, Broadcom Inc is in advanced talks to acquire Symantec Corp’s enterprise business. Sources have cautioned that it is possible that a deal may be reached by the time Symantec announces its earnings. Negotiations could also last…
The plans of Japanese auto manufacturer of developing a range of useful service robots that can assist people in everyday life will get help from a firm specializing in artificial intelligence (AI) Preferred Networks, a Japanese company founded in 2014, is being roped in by the auto maker to help it in areas such as…
Apple’s new operating system for mobile phones will restrict background access to apps for making internet calls. WhatsApp and Facebook Messenger will be affected. According to a report from The Information, Apple Inc is making changes to its mobile operating system which will restrict voice calls over the internet. Apps such as Facebook Inc’s Messenger…
It aims to funnel the proceeds into AR, media content as well as acquisitions. In a significant development, Snap Inc disclosed it will raise $1 billion in short-term debt. It plans to invest the proceeds in augmented reality features, media content or could also channel it for making acquisitions. Following a rough 2018, Snap, the…
Customers at London Gatwick and at Newcastle airports have reported that they are unable to check-in. Flight departures have also been disrupted. On Wednesday, issues in British Airways’ IT systems led to stranded passengers, flight delays and long queues at airports. International Airlines Group owned-British Airways apologized to customers for the disruption in service saying…
The North Korean regime has managed to increase the sophistication of its cyber attacks, which have successfully targeted banks and cryptocurrency exchanges. According to a confidential report by the United Nations, North Korea has amassed a estimated $2 billion using “widespread and increasingly sophisticated” cyberattacks that targeted banks and cryptocurrency exchanges. North Korea plans on…
Cyberreason’s strength lies in its core offering – Endpoint Protection Platform. On Tuesday, Antivirus startup Cybereason disclosed, it has raised $200 million in investment from Japan’s SoftBank Group Corp. Founded in 2012, so far the Boston-based company has managed to raise $400 million in funding rounds. Previously it raised capital from Spark Capital, CRV, and…
Huawei’s Hongmeng will face challenges from Google’s Android operating system. Huawei’s first quarter sales rose on domestic demand. The overseas market for its smartphones has tanked. On Monday, as per a report from China’s state media Global Times, Huawei Technologies Co Ltd is set to release its own mobile operating system, Hongmeng, by the end…
