Lyft removes pedal-assisted bike sharing program in Washington, NY and San Francisco

The move drips of abundant caution on Lyft’s part which is slated to deploy a new electric bike model soon. As per a statement from Lyft Inc, the firm is removing several thousand electric bikes from service in its bike-share program from Washington, New York, and San Francisco. The development comes in the wake of…

Uber resumes testing of self-driving cars in Toronto and San Francisco

The resumption of testing of Uber’s autonomous automated fleet of cars will now be under more controlled and monitored conditions. In a significant development, Uber Technologies Inc stated, it is resuming the limited testing of self-driving cars on public roads in Pittsburgh; the move comes 9 months after it suspended the program following a deadly…

Groceries delivery startup wins extra $271 million in new funding round in November 2018

Tiger Global Management hedge fund led the funding round along with existing investors Coatue Management and Valiant Capital. As per a source familiar with the matter at hand, Grocery delivery startup Instacart has raised an extra $271 million in its latest funding round to $871 million with U.S. hedge fund Tiger Global Management leading the…

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…

Israel’s flag carrier El Al Israel Airlines Ltd to commence non-stop flights between Tel Aviv and San Francisco

With Israel being home to one of the biggest tech sectors in the world, the carrier is strategically re-branding itself and expanding its footprint in North America. On Wednesday, Israeli Airlines El Al Israel Airlines Ltd stated it will commence nonstop flights between Tel Aviv and San Francisco as it continues to expand its footprint…