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26Jan By AnkitaNo Comments

FUNDING

GoodTrust Raises $2.3 Million in Seed-Funding, Launched Digital Legacy Platform

PALO ALTO, Calif., Jan. 26, 2021-- GoodTrust, a digital-legacy platform has closed a $2.3 million seed funding round led by Bling Capital, Synetro Ventures, Azure Capital Partners, and Silicon Valley angel investors including Nikesh Arora, Bobby Lo, and Christian Wiklund. Other angel investors feature several current and former Google executives including Scott Levitan, Arjan Dijk, Tony Fagan, Jori Pearsall and Gopi Kallayil. Founded by former Google executive Rikard Steiber, GoodTrust provides a secure digital-legacy platform for online accounts, social media, financial accounts, photos, documents and more. GoodTrust provides a straightforward and simple way of managing all these assets today as well as designating and sharing access with loved ones and other trusted third par...

26Jan By AdityaNo Comments

FUNDING

Back Office Startup Pilot Raises $60M in Series C Funding

SAN FRANCISCO, 26th Jan 2020-- Pilot, the largest provider of back-office services for startups and small businesses in the US raises $60 million in Series C funding led by Sequoia Capital, doubling its total funding to $120 million including investments from Index Ventures and Stripe. The additional raise enables Pilot to expand its breadth of back office services that remove distractions and help companies focus on success in a challenging business environment. Back office operations like bookkeeping can be painful, expensive, and time-consuming, especially for small businesses,” said Pat Grady, partner at Sequoia. “Pilot combines intelligent software with a concierge approach to deliver a painless and even delightful back office experience. Pilot is doing for the back office wha...

Taboola Ready to Listed on NYSE After Merger with ION

25Jan By NitishNo Comments

Market

Taboola Ready to Listed on NYSE After Merger with ION

New York, NY – January 25, 2021 – Taboola, has entered into a definitive merger agreement with ION Acquisition Corp. 1 Ltd. (NYSE: IACA) under a special purpose acquisition company. The merger makes Taboola valuation approx $2.6 billion and Taboola expects to have $600 million of cash and cash equivalents on its balance sheet at closing. Prior to this merger Taboola raises $160 million and had approximately $240 million of cash and cash equivalents on its balance sheet. After the acquisition, Taboola name and will trade on the NYSE under the new symbol “TBLA”. The transaction is expected to close in Q2 of 2021. Founded in 2007 by Adam Singolda, Taboola enables digital property owners to harness the value of AI-driven recommendations and offers advertisers a way to effectively acc...

30Dec By AdityaNo Comments

Tech

cPanel Announce Release of WP Toolkit

HOUSTON, Dec 30th, 2020-- cPanel, a global leader in web hosting automation software release of WP Toolkit for cPanel, a feature-rich application with user-friendly installation, configuration, security, and management of WordPress websites. WP Toolkit for cPanel exists as both a free version (Lite) and as a paid upgrade (Deluxe). All of the functionality one could hope for in a WordPress tool, such as staging and cloning, is included, saving time and simplifying the management of single or multiple WordPress installations. "We set out to reinforce our alignment with, and investment in, the global WordPress community. We then developed this product as a long-term solution based on conversations with our Partners about the evolving needs of their customers," said J. Nick Koston, Ch...

Chinese regulators order Ant Group to rectify its Businesses

28Dec By AdityaNo Comments

CHINA

Chinese regulators order Ant Group to rectify its Businesses

Hong Kong, Dec 28th, 2020 (AP): Chinese regulators have ordered Ant Group, the world's largest financial technology company, to rectify its businesses and comply with regulatory requirements amid increased scrutiny of anti-monopoly practices in the country's internet sector. The People's Bank of China, the country's central bank, summoned Ant executives and ordered them to formulate a rectification plan and an implementation timetable of its business, including its credit, insurance, and wealth management services, the regulators said in a statement. The statement said Ant Group lacked a sound governance mechanism, defied regulatory compliance requirements and engaged in regulatory arbitrage. It also said that the company used its market position to exclude rivals and hurt the ri...

Pet Care Industry Continues to Grow Amid Pandemic

22Dec By AdityaNo Comments

BUSINESS

Pet Care Industry Continues to Grow Amid Pandemic

For many industries, travel, and hospitality to name a few, the pandemic has been extremely detrimental to sales. The list of businesses that can say the circumstances surrounding COVID-19 have been beneficial is short. While the focus has mostly been on eCommerce and remote tech, which individuals and businesses have relied on as we shift to a digital world, one industry that has been quietly making steady growth is pet care.The demand for pet care, from food to veterinary services, rose over the course of the pandemic. One surprising and heart-warming reason for it is the growth in the number of people adopting and fostering pets. In the US, Wired reports that animal shelters have run out of pets that are available for adoption a remarkable problem to have in a country that’s overrun wi...

Google Acquire Data Mining Startup Dataform

9Dec By PriyankaNo Comments

ACQUISITION

Google Acquire Data Mining Startup Dataform

London, 9th December 2020: Uk based data analytics platform Dataform is joining Google Cloud, the announcement came from Dataform blog. Dataform will continue to be run and maintained by the same 7 members team under the part of Google Cloud. Launched in 2017 by Guillaume-Henri Huon & Lewis Hemens, Dataform enables entire data to collaboratively develop, test, and share with business on which they make decisions. As part o the deal, Dataform Web will be free for all new users and existing customers will be transitioned onto the free plan immediately. "Throughout our journey we’ve been focused on giving data analysts and data engineers the tools they need to take raw, messy data, transform it, and put it into the hands of their organization. We’ve only just scratched the s...

Y Combinator backed Digital Payment Firm Cashfree raises $35 million

25Nov By PriyankaNo Comments

FUNDING

Y Combinator backed Digital Payment Firm Cashfree raises $35 million

Bengaluru-based fintech, Cashfree raises USD 35.3 million (approximately ₹ 260 crore) as part of its Series B round. The investment was led by Uk based Apis Growth Fund II, with participation from existing investor Y Combinator. Cashfree, a payments and banking technology company that enables businesses in India to collect payments online and make payouts, was founded by Akash Sinha and Reeju Datta in 2015. The company is a 2017 alumnus of Y Combinator, the start-up incubator based in San Francisco, and has grown exponentially, processing over $ 12 billion annualised payment volumes as of March 2020, the statement said. Cashfree said it has been profitable since its first year of operations and counts more than 50,000 businesses amongst its merchants including internet compani...

23Nov By AdityaNo Comments

ACQUISITION

GlobalLogic Acquires UK based ECS Group

SAN JOSE, Calif. & LONDON, Nov 23rd, 2020-- GlobalLogic has acquired ECS Group, a leading digital transformation and DevOps consultancy firm. The Terms of the transaction were not disclosed. Headquartered in London, ECS delivers digital solutions that harness the latest cloud technologies, with a focus on Digital Engineering, Data Analytics and Customer Experience. The company serves multiple industries, with particular expertise in the banking and financial services sector. With the acquisition of ECS, GlobalLogic advances its European strategy, expands its Financial Services footprint and adds a host of complementary cloud-centric offerings to its portfolio. ECS brings to GlobalLogic a highly regarded proficiency in cloud architecture and advisory services as well as e...

VPN Platform Tailscale Raises $12M Led by Accel

10Nov By PriyankaNo Comments

FUNDING

VPN Platform Tailscale Raises $12M Led by Accel

TORONTO, 10th Nov 2020-- Corporate VPN platform Tailscale raises $12 million in Series A funding from Accel, with participation from Heavybit and Uncork Capital. Tailscale is a new kind of corporate VPN that helps remote teams and organizations securely access the services they need. Leveraging zero-trust architecture from BeyondCorp at Google and the WireGuard protocol, Tailscale makes network security accessible to teams of any scale. The company launched in April with a Seed round and has since served tens of thousands of customers a month. “A large fraction of the workforce is remote for the first time, forcing teams of every size to rethink security,” said Avery Pennarun, co-founder and CEO of Tailscale. “We offer an easy and fast way to leverage secure private networks ...

How to Gain Back Control of Your Software

1Nov By AdityaNo Comments

Tech

How to Gain Back Control of Your Software

When operating a business, it’s not uncommon to have multiple sets of different software and programs to perform a large variety of functions and tasks. This software is great as it can provide you with the tools to work more productively and effectively and even automate tasks. However, with the large amount of software available to a business, it can be easy to lose control of it all. Businesses may struggle to keep all their software updated, find it hard to manage their subscriptions, or simply forget on what software key information is stored on. The larger the business, the more hectic things can become, and when it gets tough, here are a few things to do to help you gain control of your software and manage it better. Cloud Governance Cloud computing allows...

Hubilo Raises $4.5 Million From Lightspeed Ventures

28Oct By AdityaNo Comments

FUNDING

Hubilo Raises $4.5 Million From Lightspeed Ventures

SAN FRANCISCO, 28th Oct. 2020 -- Hubilo, a global virtual events platform raises $4.5 million in a seed round led by Lightspeed and backed by marquee tech angels. Starting its journey amidst the Covid crisis in April, Hubilo has grown over 32x organically and is projected to comfortably exceed $10 million in bookings run rate and host over 1 million attendees in the next few months. The $800 billion global events industry was one of the hardest hit by the Covid-19 but organizers are migrating online rapidly and also expanding their attendee base. For example, Apple’s WWDC attendance went from 6,000 developers in 2019 to several million online this year. Unlike many of its competitors that focus only on event management software, Hubilo is building a “system of record” for virtu...