Startups

Apple acquired image processing startup Spectral Edge

Apple has acquired Spectral Edge, a startup with technology that improves photos taken on smartphones. According to a report by Bloomberg, the startup based in Cambridge, UK, has made some filings public on Thursday, which shows Apple has acquired the company. Peter Ronald Denwood is made their...

Apple is suing its former lead chip designer for founding a startup

Apple is suing former employee Gerard Williams for allegedly breaching terms of his employment contract and loyalty. Gerard Williams is the former chief architect of iPhone and iPad chips (A-series chips). Due to engaging in activities that are related to Apple's chipmaking business,...

WeWork’s CTO is leaving the company

WeWork’s Chief Technology Officer Shiva Rajaraman has decided to step aside from his designation. He will remain in office for three months transition period, reported by Business Insider. Shiva Rajaraman joined WeWork in 2017 and lead the technology team, with various responsibilities including engineering,...

Asana, founded by Facebook co-founder, may go public next year

Asana, a team management app founded in 2008, is planning a direct listing as it aims to go public next year, according to a report by Miles Kruppa on Financial Times. It was founded by Dustin Moskovitz, who co-founded Facebook with Mark Zuckerberg while at Harvard,...

Clothing startup Vinted receives $140 million in funding at $1 billion valuation

The second-hand clothes marketplace 'Vinted' has raised $140 million in Series-E at a value of over $1 billion. Founded and headquartered out of Vilnius, Lithuania, this used clothing startup is the first tech unicorn popping from the tiny east European country. The second-hand...

Paytm raises $1 billion in the latest funding round

Indian financial startup Paytm has secured a funding of $1 billion in the latest funding, as reported. Paytm was valued $15 billion in 2019, and over 400 million people in India use its services. The company raised $1.4 billion from SoftBank in 2017. Till day,...

$4 billion cash acquisition deal between PayPal and Honey

Online payments and money transfer platform PayPal Holdings, Inc has made an agreement with Honey Science Corp, a company that owned Chrome extension honey which helps find the best deals, coupons, and rewards while you are doing online shopping and apply the maximum...

Bunch raises $3.85 million from SuperCell, Tencent, and Riot Games for social gaming

Bunch, a soical gaming party app, which allows you to play your favorite games with friends in a group with a video chat, has raised $3.85 million in funding from gaming giants like Supercell, Tencent, Miniclip, Riot Games, and Colopl Next.  Before the fresh funding,...

African fintech startup Opera’s OPay received $120 million in funding from Chinese investors

Incubated by Opera, famous for its web browser, Africa-based startup OperaPay, widely known as OPay, has gained $120M from the Chinese investors in series B round. Along with PalmPay, OPay is now one of the most funded fintech startups in Africa. Series B investors included Chinese local life...

Uber CEO termed Jamal Khashoggi murder ‘a mistake’

Dara Khosrowshahi, the Iranian born entrepreneur who became CEO of Uber in August 2017 succeeding founder Travis Kalanick, told the audience at the show that he believes the Saudi government made a mistake, which many see as being behind the heinous murder. He said...

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Microsoft claims that the suspected Russian hackers might have accessed the Microsoft source code as well. This was done as part of the same act, which has diagnosed several renowned US...