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June 16, 2019, 8:15 AM
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| New York Times: |
Sources: US Cyber Command is deploying offensive malware in Russia's power grid, using powers granted in 2018 by Congress and a secret presidential directive — WASHINGTON — The United States is stepping up digital incursions into Russia's electric power grid in a warning to President Vladimir V. Putin … | Eric Berger / Ars Technica: |
NIST study: a widespread GPS outage would have an estimated $1B/day impact on the US economy; 90% of GPS' financial impact has come since 2010 — 90 percent of the technology's financial impact has come since just 2010. — Since becoming fully operational in 1995, Global Positioning System technology … | Steve O'Hear / TechCrunch: |
Farming-as-a-service startup Infarm raises $100M Series B for its remotely operated modular farms placed in grocery stores, restaurants, other urban locations — Infarm, the Berlin-based startup that has developed vertical farming tech for grocery stores and restaurants, is disclosing $100 million in in Series B investment.| Emily Dreyfuss / Wired: |
Survey of 34K+ LGBTQ+ youth across the US: 76% prefer to seek mental help by text or chat; 81% say having a safe social networking space online is very valuable — THE KIDS ARE not all right. Almost 40 percent of young people between the ages of 13 and 24 who identify as LGBTQ+ have seriously considered suicide in the last year.| Gordon Gottsegen / Built In Chicago: |
Square competitor SpotOn, which offers merchant services such as payment processing and customer engagement tools, raises $40M to help its market expansion — If you recently bought something from a local business, you may have SpotOn to thank for the transaction.
More:
Business Wire and San Francisco Business Journal
| Matthew Hughes / The Next Web: |
Jack Dorsey on plans to hire a team of five engineers and one designer, reporting directly to him at Square, to work on contributions to the Bitcoin ecosystem — NO JERKS ALLOWED. — Square is a company best known for its disruptive card payment technology.
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NewsBTC, Cointelegraph, Messari Crypto, Anycoin.news, and BitcoinExchangeGuide
| Lauren Goode / Wired: |
Developers say they have mixed feelings about the “Sign In With Apple” button and Apple's decision to make it mandatory for apps with other sign-in systems — APPLE ISN'T ALWAYS the first company to introduce a particular product or service. But when it does finally decide …
More:
Yahoo Finance and Michael Tsai
| Fabiola Moura / Bloomberg: |
SoftBank is leading a $300M investment in Gympass, a fitness app giving employees at 2,000+ companies access to ~47K partner gyms worldwide, at a $1B+ valuation — - Brazilian fitness startup makes gym workouts more accessible — SoftBank wants to build global champions out of Latin America
More:
PitchBook, Nikkei Asian Review, CityAM, PR Newswire, Business Insider, and MobiHealthNews
| Parmy Olson / Wall Street Journal: |
The holding company that owns the dating apps Bumble, Lumen, and Chappy has been renamed as Magic Lab, says it will spend $100M on an array of new dating apps — 'We're looking for the big, big monsters who can partner with me,' billionaire behind Bumble says in an interview| Jonathan Shieber / TechCrunch: |
ADDI, a Colombia-based point-of-sale lending startup, reveals it had raised $12.5M Series A from a16z in April, following $3.8M in seed rounds since Sept. 2018 — Andreessen Horowitz <3 Latin American startups. — Latin America is the only region outside of the U.S. where the venture firm … | Sarah Dai / South China Morning Post: |
Waterdrop, a Tencent-backed Chinese online health care platform, raises a Series C of over $145M led by private equity firm Boyu Capital — Funding will go toward building a professional team in health care insurance and adopting AI in its products China is home to the world's third largest insurance market …
Tweets: @rahul_j_mathur
| Junko Yoshida / EE Times: |
Edge Case Research, which is developing AI-based safety assessment tech for autonomous vehicles, raises $7M seed round led by Aurora CEO Chris Urmson and ANSYS — Chris Urmson and ANSYS to invest in Edge Case Research — “Making autonomy safe” is perhaps one of the hardest nuts for designers …
More:
GlobeNewswire News Room and FinSMEs
| Dean Takahashi / VentureBeat: |
Paris-based video game developer Novaquark, which had raised $11.4M on Kickstarter in 2018 for its Dual Universe MMO game, has raised $11.2M in VC funding — French video game developer Novaquark has raised $11.2 million in funding for its fan-created Dual Universe science fiction massively multiplayer online game.Sponsor Posts
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