investment

Insight Partners sells security firm Checkmarx to Hellman & Friedman for $1.15B

Checkmarx, an Israeli security company acquired in 2015 by private equity firm Insight Partners with an $84 million investment, was sold today to Hellman & Friedman, another private equity firm at a valuation of $1.15B. Nice little profit there,...

Verizon increases network infrastructure investment by $500M

Verizon said Thursday it will boost investment in network infrastructure, increasing its capital guidance by $500 million, to prepare for the rise in telecommuting and online learning amid the coronavirus outbreak. Verizon has not seen any measurable increases in data...

SpotOn taps $50M to take on Square and more in payments and financial services for SMBs

Small and medium enterprises make up the vast majority of businesses globally, and today a startup building merchant services to help them operate is announcing a growth round to address that opportunity. SpotOn — which provides point of sale payment...

Rigetti Computing took a $71 million down round, because quantum computing is hard

The $71 million in financing that quantum computing technology developer Rigetti Computing recently raised came at a significant cut to the company’s valuation, according to several sources with knowledge of the company. The company declined to comment on its valuation...

Did African startups raise $496M, $1B or $2B in 2019?

Five years ago, it was hard to come by any numbers for annual VC investment in Africa. These days the challenge is choosing which number to follow. That’s the case for three venture funding studies for Africa that turned up...

Alipay owner Ant Financial takes minority stake in Klarna

Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay payment platform has announced it’s taking a minority stake in Swedish payments platform Klarna — which has a strong European...

Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet

We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars...

RTP Global outs new $650M early-stage fund to back tech in US, Europe, India and South-East Asia

RTP Global, the VC firm founded by Russian entrepreneur and investor Leonid Boguslavsky, is announcing a new $650 million fund to continue backing early-stage tech startups, primarily at Series A but also some late seed deals and Series B. Of...

Cyan Banister leaves Founders Fund for Long Journey Ventures

Cyan Banister is leaving Founders Fund to become a member of a new early-stage investment and operations-focused firm called Long Journey Ventures. The move, first reported by Axios, brings Banister back to their early-stage roots as an investor after years...

Google, Toyota invest in WhereIsMyTransport to map transport in emerging cities

In emerging markets, up to 80% of the population may have to rely on informally-run public transport to get around. Literally, privately-run buses and cars. But journey-planning apps that work well for commuters in developed markets like New York...
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Infantino against Conmebol: "No party is worth a life"

This was said on Thursday by the President of FIFA, the Swiss Gianni Infantino, as a preamble to the...
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Zoom will solve the problems caused by the increase in users

The application was born as a virtual meeting service for companies, but the current situation of confinement and its widespread use presents challenges for...

In cash and on foot of the plane: this is how French mask orders are 'stolen'

In cash and on foot of the plane: this is how French mask orders are 'stolen' <img src = "https://intallaght.ie/wp-content/uploads/2020/04/1585860888.jpg"...

"Peak and sex": Separating the exits of men and women gains followers in the fight against the coronavirus

To further contain the spread of the outbreak, the governments of Panama and Peru have opted for an unprecedented solution: segregate people by gender...

Coronavirus leaves 10 million Americans out of work

Coronavirus leaves 10 million Americans out of work <img src = "https://intallaght.ie/wp-content/uploads/2020/04/1585860710.jpg" alt="Closed businesses in New York."> Closed businesses in New...