MPCVault’s crypto wallet for businesses hits $500M AUM in 7 months

August 9, 2023
While a plethora of products have been developed to meet the crypto needs of consumers, there are limited options designed to assist enterprises in managing digital assets. Many companies thus find themselves storing a significant amount of cryptocurrency in centralized exchanges and self-custodial wallets that are ill-suited for enterprise requirements, akin to a business utilizing […]

Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount

August 9, 2023
U.S. cybersecurity giant Rapid7 has announced plans to lay off 18% of its workforce, affecting more than 400 global employees. In a regulatory filing, the Boston-based cybersecurity company said its restructuring effort is “designed to improve operational efficiencies, reduce operating costs and better align the company’s workforce with current business needs.” The filing confirms that […]

South African VC Knife Capital closes $50M Series B fund for startups with high exit potential

August 9, 2023
South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.  In a February 2021 interview with managing partner Andrea Bohmert, she noted that Africa had become an incubator for international investors […]

India greenlights privacy bill as opposition members opt to stay absent

August 9, 2023
The upper house of India’s parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation. The legislation aims to grant the Prime Minister Narendra Modi-led government greater control over the operations of major tech companies in their crucial foreign market. The Digital Personal Data Protection Bill […]

The Download: the promise of stem cell treatments, and China’s screen time crackdown

August 9, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. After 25 years of hype, embryonic stem cells are still waiting for their moment In 1998, researchers isolated powerful stem cells from human embryos. It was a breakthrough for biology, since these cells…

Teach Me Like I’m 5 with Tim Grover

August 9, 2023
On this episode of the Jeff Fenster show, host Jeff Fenster takes Tim Grover through our segment called “Teach Me Like I’m 5” where we ask 3 simple questions to our guests in hopes of answering the questions others might be too afraid to ask.

Deepset secures $30M to expand its LLM-focused MLOps offerings

August 9, 2023
Deepset, a platform for building enterprise apps powered by large language models akin to ChatGPT, today announced that it raised $30 million in a funding round led by Balderton Capital with participation from GV and Harpoon Ventures. The proceeds will be put toward expanding Deepset’s products and services and growing its team from around 50 […]