Lucas Shaw / Bloomberg:Splice, which makes tools for musicians and offers royalty-free samples, raises $55M at a ~$500M valuation, bringing its total raised to $150M — Growing up in County Cavan, Ireland, Shane Codd dreamed of performing at huge nightclubs on the Spanish island of Ibiza, the global epicenter of electronic music.
Given the ongoing reports from the SolarWinds Orion breach, most senior executives agree that Information Technology (IT) security must be a priority that includes all enterprise leaders in the decision-making process of ensuring that all assets are fully protected. The big picture: new revelations suggest that the access gained into SolarWinds software was only one…
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Manish Singh / TechCrunch:Sources: Twitter recently explored buying Indian social media startup ShareChat for $1.1B and had committed to an $900M additional investment — Twitter recently held talks to acquire Indian social media startup ShareChat as the company explored ways to expand its presence …
Basil Kronfli / WIRED UK:A look at Xiaomi, known to copy others and skimp on traditional R&D, as it successfully undercuts rivals on everything from smartphones to pens and backpacks — Xiaomi has been launching low-cost, occasionally half-baked tech for years. Now it’s time everyone took it seriously
Politico:EU, with <10% of global chip production, has had its industries hit hard by chip shortages and is seeking “strategic autonomy” via new fabs and alliances — Europe wants no part of a new Cold War and is seeking its own chip champions to avoid getting drawn in.
Reuters:China finalizes rules on banks’ internet loan businesses, affecting Alibaba and others, setting new capital requirements, must be complied with by July 17, 2022 — SHANGHAI (Reuters) – China’s bank regulator on Saturday tightened requirements on the internet loan business of commercial banks …
Bloomberg:Clubhouse says it has added security safeguards and banned a user after some Clubhouse audio and metadata was found on a third-party website — – The app’s creators had been warned user data was vulnerable — An unidentified user streamed audio chats to their own website
Ben Smith / New York Times:Russian investigative journalism is flourishing alongside “probiv”, the buying of data on phone calls, cell location, or air travel off Telegram or the dark web — A new wave of news outlets has used conventional, and unconventional, methods to pierce the veil of Putin’s power.
Wall Street Journal:Sources: Toast, a cloud-based restaurant management software provider, is planning an IPO that could value it at ~$20B; in Feb. 2020 it was valued at $4.9B — Toast taps Goldman Sachs and JPMorgan Chase to underwrite a possible listing later this year — Toast Inc. is planning …
Anthony Ha / TechCrunch:Abound, a wholesale marketplace for both e-commerce and brick-and-mortar retailers that launched in Oct. 2019, raises $22.9M Series A led by Left Lane Capital — Abound, an online marketplace that helps independent retailers stock their shelves with new products from up-and-coming brands …