Cambridge Analytica, the British political consulting firm that was severely criticized and blamed responsible for extracting personal information from over 87 million Facebook users for ad targeting during the 2016 US Elections, announced that it was shutting down the company. The company still claims innocence to the allegations but states that the reason for shutting […]
Cambridge Analytica, the data consultancy firm accused of deliberately using personal Facebook users data for target advertising during the 2016 US elections announced that it will investigate and report all its activities around the world, which includes India. A spokesperson for the company revealed that while the firm focuses primarily on its US operations, its […]
Mark Zuckerberg, the founder, and CEO of Facebook revealed shocking news during the testimony before the House Energy and Commerce Committee that even his personal data was taken and sold by UK based analysis firm Cambridge Analytica. 87 million users personal data harvested by the company is used for political purposes in the US presidential […]
British data firm Cambridge Analytica may have accessed personal information of about 87 million users, according to Facebook Inc.This has come as a first official confirmation regarding possible data leak scope which was earlier predicted to be 50 million. Mike Schroepfer, Chief Technology Officer at Facebook in his blog post published on Wednesday, stated […]
While Facebook data leak controversy is still in hot waters, the Centre has sent a six-point notice to British political firm Cambridge Analytica seeking answers on whether it is involved in any projects that include the use of private data of Indian citizens in any form. The Ministry of Electronics and Information Technology has issued […]
Founded by Indian Institutes of Technology alumni, CEO Abhay Gupta and CTO Vivek Garud, Bidgely announced today that it has closed a $27 million Series C round of financing. The largest round of investment to date for energy disaggregation technology. US based Bidgely started from Silicon Valley have Plug-and-Play incubator in 2011, and the high-growth energytech startup is now leading the way […]
YourQuote, an original content and digital community platform, today said it has secured USD 1 million in seed funding, led by IDG Ventures India. The round also saw participation from Atul Goel of Essel City Group and Axilor, founded by Infosys co-founders Kris Gopalakrishnan and S D Shibhulal, a statement said. Started by IIT-Delhi alumni […]
Pune-based digital trade financing company Vayana Network Services Pvt. Ltd has raised $4 million ( Rs 26 crore) in a Series A round from IDG Ventures India Advisors Pvt. Ltd and Jungle Ventures Pte. Ltd. “This funding comes at an exciting time with GST driving the digital invoicing ecosystem in India and in the backdrop […]
EarlySalary India’s first FinTech startup to offer Salary Advances and Instant Cash Loans has announced its Series A funding of $4 Million from IDG Ventures India (IDGVI) and Dewan Housing Finance Corp Ltd (DHFL). The company focuses on helping young working professionals get Instant Loans and Salary Advances in minutes and is fast becoming the […]
Alphabet’s Google has announced the acquisition of Canadian technology firm AppBridge that helps companies transfer data to the technology giant’s Cloud platform. “We are acquiring Vancouver-based AppBridge that builds connectors to… connect up into Google Cloud,” said Prabhakar Raghvan, vice president (apps) Google Cloud at the Cloud Next Conference here. Raghvan, however, did not disclose […]
Intra-city logistics start-up, Blowhorn, has raised USD 3.65 million (about Rs 25 crore) from IDG Ventures India, Michael & Susan Dell Foundation and existing investors Draper Associates and Unitus Seed Fund. The company plans to utilise the proceeds from the Series A funding to expand operations to eight cities in the next 24 months, with […]
Customer Analytics Technologies Inc., owner of SaaS-based Customer Experience Management platform CloudCherry announced today that it has raised their Series A Funding of $6M from Vertex Ventures, Cisco Investments and IDG Ventures India. This capital infusion will be used for CloudCherry’s global expansion, with a strong focus on the US, South East Asia and the […]