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Sources: in recent weeks, CEO Bobby Kotick suggested Activision Blizzard make an acquisition, including of trade publications like Kotaku and PC Gamer — After a lawsuit and a Journal report, the company's stock was falling, board members were getting anxious—and the tech giant was ready to take a gamble| Bloomberg: |
Sources: Activision Blizzard tried to find other buyers, including Meta, while weighing a potential Microsoft takeover after the WSJ's exposé in November — Late last year, as Activision Blizzard Inc. and Chief Executive Officer Bobby Kotick were reeling from accusations that Kotick knew … | Microsoft: |
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Apple and Google warn of harmful consequences to user privacy and security from two proposed Senate antitrust bills scheduled to be considered this week — - Apple warned in a letter on Tuesday that antitrust bills being considered in the Senate would increase the risk of security breaches to iPhone users.| Sarah Perez / TechCrunch: |
Instagram Subscriptions launches as an alpha, initially letting 10 US creators offer their followers paid access to exclusive Instagram Live videos and Stories — Instagram is giving creators more ways to make money with today's launch of Instagram Subscriptions.| Carly Page / TechCrunch: |
Password management service 1Password raises a $620M Series C led by Iconiq Growth at a $6.8B valuation and says it now has 100K+ paying customers — Password management platform 1Password has closed a massive $620 million Series C funding round that raises the company's valuation to $6.8 billion.| Steve Dent / Engadget: |
Opera unveils Crypto Browser Project, a beta browser for Windows, Mac, and Android, with a crypto wallet, access to crypto/NFT exchanges, dApps, and more — Opera has launched its Web3 “Crypto Browser” into beta with features like a built-in crypto wallet, easy access to cryptocurrency/NFT exchanges … | Bloomberg: |
Crypto.com confirms it suffered a recent security breach, affecting about 400 customer accounts, and says it fully reimbursed all unauthorized withdrawals — Crypto.com has not received any “outreach” from regulators following a cybersecurity breach earlier this week of about 400 customer accounts … | Andrew Asmakov / Decrypt: |
| Dustin Volz / Wall Street Journal: |
Biden signs a memorandum expanding the NSA's role in protecting sensitive government networks, and mandating cybersecurity practices at DoD and spy agencies — White House order mandates cybersecurity practices at Defense Department, spy agencies, contractors| Sarah Perez / TechCrunch: |
Filmhub, which lets filmmakers distribute their work to over 100 streaming channels, including Amazon Prime Video and Apple TV, raises a $6.8M seed led by a16z — As the streaming market grows, so has the demand for content. But even though it's now easier than ever for filmmakers to create … | Reuters: |
China denies reports that it plans to require large internet companies with 100M+ users or $1.58B+ in revenue to obtain an approval before making investments — China's cyberspace regulator has drafted new guidelines that will require the country's large internet companies to obtain … | Alex Wilhelm / TechCrunch: |
Australian user research software company Dovetail raises $63M Series A led by Accel at a $700M+ valuation, says it tripled its revenue and customers last year — Australian user research software company Dovetail announced today that it has closed a $63 million Series A led by Accel.| Katie Roof / Bloomberg: |
| Rebecca Bellan / TechCrunch: |
Parallel Systems, which builds autonomous battery-electric rail vehicles, comes out of stealth, with a $49.55M Series A, bringing its total funding to $53.15M — Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles … | Lucas Matney / TechCrunch: |
Autograph, an agency co-founded by Tom Brady that helps celebrities get involved with NFTs, raises a $170M Series B co-led by a16z and Kleiner Perkins — Autograph, an NFT agency co-founded by athlete Tom Brady with a particularly deep bench of star power, has banked new funding … | Devin Coldewey / TechCrunch: |
Ambient.ai, which uses AI to process live video footage from security cameras and alert users of breaches, raises $52M led by a16z — Security — as in “hey you, you can't go in there” — quickly becomes a complex, arguably impossible job once you get past a few buildings and cameras.| Dean Takahashi / VentureBeat: |
South Africa-based mobile games publisher Carry1st raises a $20M Series A extension led by a16z, the firm's first investment in an Africa-headquartered startup — Carry1st has raised $20 million in funding from marquee investors for its mobile game publishing platform targeted at unlocking demand in the African market.| Ingrid Lunden / TechCrunch: |
Tel Aviv-based Personetics, which helps incumbent banks compete with neobanks by personalizing their customer offerings, raises $85M led by Thoma Bravo — Big banks are under a lot of pressure to modernize their services to meet demands of consumers who now view things like mobile apps … | Hannah Lang / Reuters: |
Revolut launches commission-free stock trading in the US, letting users trade shares of 1,100+ securities listed on the NYSE and the Nasdaq — Britain-based digital banking app Revolut launched commission-free stock trading in the United States on Wednesday, a move that will see it compete … | Abner Li / 9to5Google: |
Google says organizations using G Suite legacy free edition will need to upgrade to a paid subscription for Google Workspace, starting July 1 — In 2020, G Suite became Google Workspace as part of a mass reorganization of the company's apps for the “future of work.”| Paul Sawers / VentureBeat: |
Clari, which helps companies generate more predictable revenue through big data insights, raises a $225M Series F led by Blackstone at a $2.6B valuation — Clari, a so-called “revenue operations” platform designed to help companies generate more predictable revenue through big data insights … | Ingrid Lunden / TechCrunch: |
Lattice, which builds workforce people management tools including for performance reviews and tracking career goals, raises a $175M Series F at a $3B valuation — Lattice, a platform that helps with workforce people management — the ability to carry out performance reviews, employee feedback … | Emma Betuel / TechCrunch: |
Gale Healthcare, which matches nurses with available work shifts at hospitals or clinics, raises $60M from FTV Capital and says 40K nurses use its service — If there was ever a rubber-meets road moment for six-year-old app Gale Healthcare Solutions, it's probably right now.| Brandy Betz / CoinDesk: |
iTrustCapital, which lets users with an individual retirement account invest in cryptocurrencies, raises a $125M Series A at a $1.3B+ post-money valuation — The round, led by Left Lane Capital, will help iTrustCapital explore potential acquisitions. — Crypto individual retirement account … | Clive Cookson / Financial Times: |
The Royal Society finds social media sites banning misleading content is ineffective and can drive misinformation to “harder-to-address corners of the internet” — Risks of removing information rejected by the mainstream outweigh benefits, according to the Royal Society| Kate Rooney / CNBC: |
The US OCC and Federal Reserve approve SoFi's bid to become a bank holding company via its Golden Pacific Bancorp acquisition; SoFi stock jumps 16%+ after hours — - San Francisco-based SoFi got approval from its two key regulators to become a bank holding company.
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| Noah Kirsch / The Daily Beast: |
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| Todd Spangler / Variety: |