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March 15, 2022, 1:05 PM
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| Ian King / Bloomberg: |
Internal memo: Arm to cut up to 1,000 jobs, or 15% of its workforce in the UK and the US, before its IPO; a source says most of the cuts won't affect engineers — Arm Ltd., the SoftBank Group Corp. unit preparing for an initial public offering, will cut as much as 15% of its workforce …
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Telegraph, The Guardian, Engadget, TechRadar, DCD, Financial Times, Tom's Hardware, The Verge, iPhone in Canada Blog, TechSpot, The Register, Benzinga, BBC, Neowin, MobileSyrup, Tech Xplore, CNBC, South China Morning Post, This is Money, Sky News, The Times, Computerworld, Tech in Asia, and Nikkei Asia
| Ian Allison / CoinDesk: |
ConsenSys, which develops and invests in Ethereum projects, announces a $450M Series D led by ParaFi Capital at a $7B valuation and says MetaMask has 30M+ MAUs — The hefty Series D more than doubles the firm's previous valuation from November 2021. — Ethereum application …
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ConsenSys, FinSMEs, Decrypt, Forbes, Axios, Decrypt, TechCrunch, The Block, Crowdfund Insider, Crypto Briefing, Coinmonks, and Forkast. Tweets: @loomdart
| Kate Kaye / Protocol: |
The FTC, which has long struggled to combat deceptive data practices, is increasingly forcing companies to delete algorithmic systems built with ill-gotten data — The Federal Trade Commission has struggled over the years to find ways to combat deceptive digital data practices using its limited set of enforcement options.
More:
Pixel Envy. Tweets: @katekayereports, @jtashea, @keanbirch, @elinor_carmi, @techwontsaveus, @kavyapearlman, @cbridge_chief, @robertjbateman, @alexcengler, @jtrevorhughes, @schock, @bentarnoff, and @jason_kint
| Chaim Gartenberg / The Verge: |
AMD plans to release the Ryzen 7 5800X3D, the “world's fastest gaming processor”, on April 20 for $449, marking the debut of the company's 3D-stacking V-Cache — Along with a new slate of more affordable processors coming April 4th — AMD's latest desktop processor … | Chaim Gartenberg / The Verge: |
Intel plans to invest €33B+ in Europe, including a €17B “leading-edge semiconductor fab mega-site” in Germany and a €12B expansion of its existing Ireland fab — Along with a €12 billion investment to expand its existing fab in Ireland
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CNET, Thurrott, Tom's Hardware, CRN, The Register, Oregonian, techmonitor.ai, Business Wire, Silicon Republic, RTÉ, Windows Central, TechCrunch, PCMag, VideoCardz.com, The Irish Times, Bloomberg, New York Times, Reuters, Financial Times, TechRadar, Wccftech, ServeTheHome, PC Gamer, CNBC, and Phoronix
Tweets: @intelpolicy, @randhir_intel, @codendahl, @vonderleyen, and @intelnews
| Sean Hollister / The Verge: |
Google details its plans for Stadia, including Immersive Stream for Games, a B2B offering to let other companies create their own cloud gaming services — Less friction, more white-labeling — Google's Stadia cloud gaming service didn't stick the landing, and it's been a rough ride since.
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9to5Google, 9to5Google, Game Developer, Thurrott, Android Police, XDA Developers, 9to5Google, Forbes, and VentureBeat
| TechCrunch: |
Aptos, a Layer 1 blockchain built by ex-Meta employees who worked on Diem, raises $200M at a $1B+ valuation led by a16z — Facebook's audacious attempt at creating a crypto payments network met an unceremonious end earlier this year when Silvergate Capital acquired the Diem technology assets for $182 million.
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Aptoslabs. Tweets: @moshaikhs, @lucasmtny, @twobitidiot, @skyguocypherium, @alex, @_neilh, @refsrc, @cdixon, @cdixon, and @cdixon
| Bloomberg: |
Analysis: TV shows make up ~75% of Netflix's top 10 lists, the average hit fades after two weeks or less, and Asian hits overlap the least with other markets — Nobody in Hollywood knows for sure what works on Netflix. — The company releases statistics like “26 million people watched this show in the first 28 days.”
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Apple Gazette and The Streamable
| Manish Singh / TechCrunch: |
Pakistan-based Bazaar, which operates a B2B marketplace for merchants and helps them digitize their bookkeeping, raises a $70M Series B — Dragoneer Investment and Tiger Global are backing Bazaar, a startup that is attempting to digitize Pakistan's retail with e-commerce …
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Bloomberg, Tech in Asia, and DealStreetAsia
Tweets: @saadjangda, @sarthakgh, @cmschroed, and @asfandyarf
| Kyle Wiggers / VentureBeat: |
RightBound, which automates customer insights and outreach for sales representatives, raises a $15.5M Series A extension, for a total Series A of $27M — AI and automation have the potential to transform the sales industry. A 2020 Harvard Business Review report found that AI could create …
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FinSMEs
| Kyle Wiggers / VentureBeat: |
Run:AI, which helps businesses optimize their AI workloads, raises a $75M Series C led by Tiger Global and Insight Partners, bringing its total funding to $118M — While interest in AI remains high among enterprise organizations, particularly for its potential to improve decision-making …
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ZDNet, TechCrunch, SiliconANGLE, Globes Online, and Run:AI
| Manish Singh / TechCrunch: |
Source: Zomato reaches a merger agreement with instant delivery service Blinkit, formerly Grofers, in an all-stock deal valuing Blinkit between $700M and $750M — Food delivery firm Zomato and instant delivery service Blinkit have reached an agreement for a merger, a source familiar with the matter told TechCrunch.
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Reuters, Bloomberg, and Business Today
| Ingrid Lunden / TechCrunch: |
London-based Perlego, a digital subscription-based library of academic textbooks with about 850K titles, raises a $50M Series B led by Mediahuis Ventures — Spotify helped pave the way for a new model for consumers to listen to music: pay a monthly fee to stream whatever you want … | Kim Mackrael / Wall Street Journal: |
EU approves Amazon's $6.5B MGM acquisition, says the deal won't reduce competition as the companies don't overlap in content and MGM content is not a must-have — Regulators conclude deal wouldn't significantly harm competition in Europe — European Union antitrust officials gave … | Financial Times: |
GoTo, formed by the $18B merger of superapp Gojek and e-commerce business Tokopedia, plans to raise up to $1.3B via an Indonesia Stock Exchange IPO in April — SoftBank-backed tech group to list as investors bet on booming digital economy — GoTo, Indonesia's biggest start-up …
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TechCrunch, Business Wire, Bloomberg, Tech in Asia, DealStreetAsia, ExchangeWire.com, PYMNTS.com, Reuters, and finews.asia. Tweets: @montyhamilton
| Tim Keary / VentureBeat: |
Cowbell Cyber, which uses AI to assess risk and offer insurance for SMBs, raises a $100M Series B — Today, cyber insurance provider Cowbell Cyber announced that it had closed a Series B funding round of $100 million for its continuous underwriting platform.
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PYMNTS.com, CRN, SiliconANGLE, PR Newswire, TechCrunch, and SecurityWeek
| Michael Novinson / CRN: |
SentinelOne to acquire identity threat detection and response company Attivo Networks for $616.5M, its second acquisition; Attivo raised $60.1M in funding — 'For Attivo, this acquisition is not an exit. Joining forces with SentinelOne is just the opposite: an opportunity to continue …
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CyberScoop, Attivo Networks, and Dark Reading
| Sara Fischer / Axios: |
MPA: streaming made up 72% of the $99.7B global streaming and theatrical movie market in 2021, up from 46% in 2019; streaming subscriptions hit 1.3B, up 14% YoY — A sharp uptick in paid online video subscriptions and original content production for streaming platforms has helped … | Jon Fingas / Engadget: |
Israel's National Cyber Directorate says the country has recovered from a DDoS attack on a communications provider that took down government websites on Monday — Israel appears to be recovering from a large-scale cyberattack. According to Haaretz and Kan's Amichai Stein … | Ingrid Lunden / TechCrunch: |
Germany-based Staffbase, a communications service for internal teams to send messages and measure their impact, raises a $115M Series E at a $1.1B valuation — The Covid-19 pandemic, with its by-product of social distancing to help reduce the spread of infection, led to many organizations working …
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Tech.eu and Crunchbase News
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