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Zoox becomes fourth company to land driverless testing permit in California

Zoox, the automated vehicle technology startup that was acquired by Amazon this year, has been issued a permit from California regulators that will allow it to test driverless vehicles on public roads. The permit is not for all public roads in the state, but it’s still notable considering the company will be able to test its vehicles without a human...

Amid layoffs and allegations of fraud, the FBI has arrested NS8’s CEO following its $100+ million summer financing

The tagline from today’s announcement from the United States Attorney’s office for the Southern District of New York says it all: “Adam Rogas Allegedly Raised $123 Million from Investors Using Financial Statements that Showed Tens of Millions of Dollars of Revenue and Assets that Did Not Exist”. Rogas, the co-founder and former chief executive and...

The stages of traditional fundraising

John Biggs Contributor Share on Twitter John Biggs is a former TechCrunch editor and is currently the editor-in-chief of Gizmodo. He's started and run a number of startups. More posts by this contributor GBatteries let you charge your car as quickly as visiting the...

How the NSA is disrupting foreign hackers targeting COVID-19 vaccine research

The headlines aren’t always kind to the National Security Agency, a spy agency that operates almost entirely in the shadows. But a year ago, the NSA launched its new Cybersecurity Directorate, which in the past year has emerged as one of the more visible divisions of the spy agency. At its core, the directorate focuses on defending and securing critical...

Instagram CEO, ACLU slam TikTok and WeChat app bans for putting US freedoms into the balance

As people begin to process the announcement from the U.S. Department of Commerce detailing how it plans, on grounds of national security, to shut down TikTok and WeChat — starting with app downloads and updates for both, plus all of WeChat’s services, on September 20, with TikTok following with a shut down of servers and services on November 12 — the...

Chime adds $485M at a $14.5B valuation, claims EBITDA profitability

In the midst of IPO week we have to add another name to our future debuts’ list, namely Chime, which announced a huge new round of capital today. The $485 million Series F values the consumer fintech giant at $14.5 billion, a huge figure given that Chime was most recently worth $5.8 billion after raising $700 million last December. Even more stark...

It’s game on as Unity begins trading

Unity Software, which sells a game development toolkit primarily for mobile phone app developers, raised $1.3 billion in its initial public offering. The company, which will begin trading today with the ticker symbol “U,” priced its shares at the top end of its expected range, selling 25 million shares at $52 per share. The company’s final IPO price...

Outschool, newly profitable, raises a $45M Series B for virtual small group classes

Outschool, which started in 2015 as a platform for homeschooled students to bolster their extracurricular activities, has dramatically widened its customer base since the coronavirus pandemic began.The platform saw its total addressable market increase dramatically as students went home or campus to abide by COVID regulations instituted by the CDC....

NASA to test precision automated landing system designed for the moon and Mars on upcoming Blue Origin mission

NASA is going to be testing out a new precision landing system designed for use on the tough terrain of the Moon and Mars for the first time during an upcoming mission of Blue Origin’s New Shepard reusable suborbital rocket. The ‘Safe and Precise Landing – Integrated Capabilities Evolution’ (SPLICE) system is made up of a number of lasers, an optical...

What makes Checkout.com different from Stripe

While Checkout.com has kept a low profile for many years, the company raised $380 million within a year and reached an impressive valuation of $5.5 billion. It wants to build a one-stop shop for all things related to payments, such as accepting transactions, processing them and detecting fraud. You might think that it sounds a bit like Stripe. In...

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