Technology

Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife

May 17, 2023

Embedded insurtech is still hot, as the $196 million in funding landed by bolttech proves. The company, which started in Singapore but now has operations around the world, said it is now valued at $1.6 billion. The funding was led by Tokio Marine, Japan’s first insurance company, and life insurance leader MetLife through its subsidiary […]

Insurtech bolttech gets $196M at $1.6B valuation from investors like MetLife by Catherine Shu originally published on TechCrunch

France’s privacy watchdog eyes protection against data-scraping in AI action plan

May 17, 2023

France’s privacy watchdog, the CNIL, has published an action plan for artificial intelligence which gives a snapshot of where it will be focusing its attention, including on generative AI technologies like OpenAI’s ChatGPT, in the coming months and beyond. A dedicated Artificial Intelligence Service has been set up within the CNIL to work on scoping […]

France’s privacy watchdog eyes protection against data-scraping in AI action plan by Natasha Lomas originally published on TechCrunch

Inside Tencent’s weirdly secretive customer service center

May 17, 2023
China Report is MIT Technology Review’s newsletter about technology developments in China. Sign up to receive it in your inbox every Tuesday. It’s been a while. I just got back from several weeks in China. It was my first visit since the pandemic, and I noticed some changes: half the cars running on the streets of Shanghai…

Eagle Eye Networks and Brivo raise $192M in a joint round to boost cloud security business

May 17, 2023

Eagle Eye Networks and Brivo, two players in the world of physical cloud security — respectively video surveillance and access control systems to secure buildings and other physical spaces — are doubling down on their businesses… quite literally. The pair of U.S. companies — majority owned by the same individual, security entrepreneur Dean Drako — […]

Eagle Eye Networks and Brivo raise $192M in a joint round to boost cloud security business by Ingrid Lunden originally published on TechCrunch

Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed 

May 17, 2023

Egyptian fintech Axis has launched its digital payments platform to the North African market after securing a license from the apex bank, Central Bank of Egypt (CBE), for its open-loop mobile wallet, axisPay, which offers a digital banking alternative for small businesses and their employees.  This is coming almost 18 months after the startup received […]

Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed  by Tage Kene-Okafor originally published on TechCrunch

Wefox secures new funding at $4.5 billion valuation as it aims for profitability

May 17, 2023

Wefox, the German insurtech startup, has closed a new funding round from existing investors. The funding amount isn’t going to impress anyone as the company managed to secure $55 million. This could be considered as an extension of the $400 million Series D round as Wefox managed to maintain the same valuation of $4.5 billion. […]

Wefox secures new funding at $4.5 billion valuation as it aims for profitability by Romain Dillet originally published on TechCrunch

Tesla shareholders meeting: no succession plan, a co-founder returns and two EVs teased

May 17, 2023

Tesla held its annual shareholder meeting in Austin on Tuesday, an event that Tesla has now taken to calling its Cyber Roundup. There were five proposals on the agenda, including one that pushed Tesla’s board to come up with a public succession plan for CEO Elon Musk and other “key persons” whose behavior and loss […]

Tesla shareholders meeting: no succession plan, a co-founder returns and two EVs teased by Rebecca Bellan originally published on TechCrunch

Tesla shareholders elect former CTO, co-founder JB Straubel to board

May 16, 2023

JB Straubel is officially back at Tesla — this time as a board member. The former Tesla CTO and co-founder was elected by shareholders Tuesday as an independent board of director. A crowd of Tesla shareholders, who were at the company’s Gigafactory Texas in Austin for the event, cheered when the initial results were read […]

Tesla shareholders elect former CTO, co-founder JB Straubel to board by Kirsten Korosec originally published on TechCrunch

Apple says its App Store prevented over $2 billion in fraudulent transactions last year

May 16, 2023

Apple’s App Store prevented over $2 billion in potentially fraudulent transactions last year, the tech giant touted in a press release on Tuesday. The company says it rejected nearly 1.7 million app submissions in 2022 for failing to meet the App Store’s standards for privacy and security. The press release comes as Apple faces a […]

Apple says its App Store prevented over $2 billion in fraudulent transactions last year by Aisha Malik originally published on TechCrunch