U.S.-Israeli mobility technology company Optibus raises $40 million in private funding round

The funding round saw the Alibaba Group making an undisclosed strategic investment in the startup. Optibus, a U.S.-Israeli mobility technology company stated, it has secured $40 million in a private funding round that was led by Insight Venture Partners and which saw a strategic investment from the Alibaba Group. Its existing investors, including Sir Ronald…

Google streamlines its advertisement policy in a rebranding exercise

Google’s customers have been reassured by the fact that Google Ads will now serve as an all-encompassing front door for ad sellers and advertisers. On Wednesday, in one of Alphabet Inc-owned Google’s biggest re-branding exercise, the search engine giant disclosed that it is further streamlining the entry point for ad sellers and advertisers and is…

Tesla Inc hires Snap Inc’s VP of Monetization Engineering

Tesla has hired Snap Inc’s Stuart Bowers who will now be its vice president of engineering. Electric carmaker Tesla Inc stated it has hired Stuart Bowers, Snap Inc’s vice president of monetization engineering, as its VP of engineering. He will work on Tesla’s Autopilot software and other projects. In recent days, several senior executives have…