Techmeme: Bangalore-based Open, which operates a “neo-bank” to help businesses automate their finances, raises $30M Series B at, a source says, a $150M valuation (Manish Singh/TechCrunch)

Top News

Sara Fischer / Axios:

LinkedIn says it will change its algorithm to favor posts that cater to niche professional interests as opposed to elevating viral content — Linkedin will today announce algorithm changes made over the past 12-18 months to favor conversations in its Feed that cater to niche professional interests …

More: Firstpost Tech. Tweets: @bmorrissey, @ashkan, @tomfgoodwin, @joelandren, @ingridlunden, @itsjeffhiggins, @zck, @sarafischer, @rafat, and @mikepilarz

See also Mediagazer

San Francisco Chronicle:

Self-driving car startup Drive.ai, once worth $200M and rumored to be an acquisition target of Apple's, will close Friday and lay off 90 workers, per filing — Apple has hired a handful of hardware and software engineers from Mountain View startup Drive.ai, part of a renewed effort by the iPhone …

More: Employment Development …, VentureBeat, 9to5Mac, The Verge, SlashGear, and Cult of Mac

Tweets: @meliarobin and @techchronicle. Thanks:@techchronicle

Zack Whittaker / TechCrunch:

FTC and DOJ announce their latest crackdown on robocallers, taking 94 actions against several companies and people blamed for a recent wave of spam calls — Federal authorities have announced its latest crackdown on illegal robocallers — taking close to a hundred actions against several companies …

More: Federal Trade Commission, Digital Trends, The Hill, CNET, Washington Post, and Engadget

Tweets: @ftc and @karlbode

Jon Fingas / Engadget:

Amid Huawei ban, FedEx sues US over mandate that it monitor all shipments, saying it violates due process and is unfeasible on the scale the government desires — FedEx has already been accused of diverting Huawei's shipments, and it's not keen on dealing with more complaints.

More: Wall Street Journal, The Register, and Android Authority

Tweets: @evadou and @paulpage

Tom Warren / The Verge:

Microsoft announces the OneDrive Personal Vault, which protects a folder with 2FA access, coming by the end of the year — Available to everyone by the end of the year — Microsoft is adding a new secured storage area to OneDrive where users can store more sensitive files.

More: Microsoft 365 Blog, TechCrunch, PCWorld, Windows Central, GeekWire, Thurrott, and VentureBeat

Tweets: @jaredhaight, @jsnover, and @tomwarren

Kate Clark / TechCrunch:

Cameo, which lets fans pay for personalized videos from celebrities, raises $50M Series B led by Kleiner Perkins, reports suggest at a valuation of $300M — Instead of emailing a term sheet, Ilya Fushman paid $150 to have ‘Deep Blue Sea’ actor Michael Rapaport send the Cameo founders Steven Galanis …

More: FinSMEs, PR Newswire, Tubefilter, Crunchbase News, and hypebot

Tweets: @robchesney and @kateclarktweets

Brian Krebs / Krebs on Security:

A deep dive on which vendor may be responsible for a supply chain attack that Google said resulted in pre-installed malware on budget Android devices — Earlier this month, Google disclosed that a supply chain attack by one of its vendors resulted in malicious software being pre-installed on millions of new budget Android devices.

Tweets: @mytechmusings and @briankrebs

Catalin Cimpanu / ZDNet:

New Silex malware has begun bricking several hundred poorly secured IoT devices per hour, using default credentials to log in and then wipe devices — Over 2,000 devices have been bricked in the span of a few hours. Attacks still ongoing. — A new strain of malware is wiping the firmware …

More: Boing Boing and Tehrani.com. Tweets: @gcluley. Thanks:@campuscodi

Ingrid Lunden / TechCrunch:

Orderful, which aims to modernize supply chain management through an API-based cloud service, raises $10M Series A from Andreessen Horowitz — The march of globalization continues unabated, and with it comes a growing demand for companies of all sizes to communicate with and sell to each other …

More: GlobeNewswire News Room, FinSMEs, and PE Hub Blog. Tweets: @ingridlunden

Paul Sawers / VentureBeat:

Carbon, a 3D-printing platform used by Ford, Adidas, and others, says it has raised $260M at a $2.4B valuation, following its 2017 Series D at a $1.7B valuation — Digital manufacturer and 3D printing poster child Carbon has raised $260 million in a growth round of funding co-led …

More: CNET, FinSMEs, ZDNet, Carbon, Silicon Valley Business …, and Business Insider

Mathieu Rosemain / Reuters:

French digital affairs minister says Facebook has agreed to share with judges the identity of French users suspected of hate speech, claiming it's a world first — PARIS (Reuters) - Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges …

More: CNET, MSPoweruser, The Hill, and Engadget. Tweets: @reutersworld

Zack Whittaker / TechCrunch:

Researchers say hackers have been stealing massive amounts of call records from over ten cell network providers worldwide to conduct targeted surveillance — At least 10 cell networks have been hacked over the past seven years — Security researchers say they have uncovered …

Ingrid Lunden / TechCrunch:

Showpad, a platform that helps salespeople prepare content and collateral for deals, raises $70M Series D co-led by Dawn Capital and Insight Partners — Sales teams have long turned to tech solutions to help improve how they source leads, develop relationships and close deals.

More: SiliconANGLE, VentureBeat, PE Hub Blog, and FinSMEs. Tweets: @ingridlunden. Thanks:@ingridlunden

Manish Singh / TechCrunch:

Bangalore-based Open, which operates a “neo-bank” to help businesses automate their finances, raises $30M Series B at, a source says, a $150M valuation — Open, a Bangalore-based startup that operates a “neo-bank” to help businesses automate and run their finances …

More: PYMNTS.com and Crowdfund Insider. Tweets: @unicornindia

Catalin Cimpanu / ZDNet:

Israeli police arrest two brothers in connection with a multi-year crypto-focused phishing campaign and the 2016 hack of the Bitfinex cryptocurrency exchange — Two brothers arrested in Israel last week have been linked to the massive 2016 Bitfinex hack. — Two Israeli brothers …

More: HOTforSecurity, CoinDesk, and CoinGeek

Daniel Kuhn / CoinDesk:

Crypto exchange Kraken, a regulated platform for spot and futures trading, raises $13.5M from 2,263 participants in an online round at a $4B+ valuation — Regulated spot and futures crypto exchange Kraken has completed a $13.5 million round of financing on Bnk To The Future (BF), an online investment platform.

More: Cointelegraph, CryptoGlobe, Coinspeaker, Anycoin.news, and The Block

Tom Warren / The Verge:

iPads have the potential to become serious portable gaming devices, as Apple is adding Xbox and PlayStation controller support to iOS, tvOS, and iPadOS — iOS 13 and iPadOS take a big step toward gaming on the go — Apple is bringing Xbox and PlayStation 4 controller support to the iPhone, iPad, and Apple TV this fall.

More: MacDailyNews and Engadget

Tweets: @tomwarren and @backlon

Kyle Wiggers / VentureBeat:

MX, which develops a suite of aggregation and analysis tools for financial institutions, raises $100M Series B led by Battery Ventures — MX, a Utah-based software firm developing a suite of aggregation and analysis tools for financial institutions, today revealed that it's secured $100 million …

More: PE Hub Blog, FinSMEs, and Crowdfund Insider

Lane Sainty / BuzzFeed:

Australian judge allows man to sue media companies for defamation over Facebook comments written by their readers — Former youth detainee Dylan Voller is suing News Corp, Fairfax Media and Sky News. — BuzzFeed News Reporter, Australia — Dylan Voller, the Aboriginal man …

More: The Guardian, Sydney Morning Herald, Techdirt, Mumbrella, ABC, The Guardian, The Daily Dot, and Gizmodo

Tweets: @davidgreene, @daphnehk, @sbsnews, @jonkudelka, @guardianaus, @lanesainty, @joshgnosis, @alexhern, @attardmon, @susanstevo, @chrismoranuk, @rexmartinich, and @mmasnick

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