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BlackRock acquired Preqin for $3.2 Billion, Will Integrate with Aladdin

9Jul By PriyankaNo Comments

ACQUISITION

BlackRock acquired Preqin for $3.2 Billion, Will Integrate with Aladdin

NEW YORK & LONDON - June 30, 2024 - BlackRock, Inc. (NYSE: BLK) has agreed to acquire Preqin, a leading independent provider of private markets data for £2.55 billion or approximately $3.2 billion in cash. Bringing together Preqin’s data and research tools with Aladdin’s complementary workflow capabilities in a unified platform will create a preeminent private markets technology and data provider. The acquisition adds a highly complementary data business to BlackRock’s investment technology, marking a strategic expansion into the fast-growing private markets data segment. Private markets are the fastest growing segment of asset management, with alternative assets expected to reach nearly $40 trillion by the end of the decade. As institutional and wealth investors increase allocation...

3Aug By AdityaNo Comments

News

Zoom to Pay $85M for Privacy Violation

California, Aug 3, 2021: Video Conferencing platform Zoom will pay $85 million to settle a lawsuit alleging that weak privacy controls open the personal information of users for outsiders to disrupt video meetings during the start of the pandemic. Millions of people in the U.S. who have used Zoom since March 31, 2020, could be eligible for a slice of the settlement that was reached over the weekend. The payment amounts are expected to average $34 or $35 for those who subscribed to Zoom's paid version, and $11 or $12 for the overwhelming majority who used the free version, based on estimates in court documents. Zoom was bedeviled by security issues early last year after stay-at-home orders transformed the company's videoconferencing service from a niche product into a cultural phenome...

Data Management Platform Woflow Raises $3.5M

11Mar By NitishNo Comments

FUNDING

Data Management Platform Woflow Raises $3.5M

SAN FRANCISCO, March 11, 2021-- Woflow, the data infrastructure company behind some of the highest growth online ordering and food delivery platforms raises $3.5M in seed funding to launch the world's first Merchant Data Platform. The platform is a standardized, automated approach to merchant data operations that already powers thousands of interactions a day, through a simple API. The round was led by David Sacks at Craft Ventures with Base10 Partners and Flex Capital participating. Companies including DoorDash, Snackpass, and Chowly already use Woflow to onboard and maintain merchant data on their platforms. The pandemic has accelerated digital transformation across industries including restaurants and local business. This has led to the fast growth of online ordering and deli...

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

3Mar By PriyankaNo Comments

News

TikTok Agrees to Pay $92 Million to Settle Lawsuit Alleging Data Theft

CHICAGO, 3rd March 2021-- US-based law firms will receive a $92 million proposed class action settlement on behalf of users of the TikTok app. The settlement, if approved by the court, would resolve claims that the social media company wrongfully collected its users’ biometric information and private data, and disclosed that information to third parties. In addition to creating a monetary fund for TikTok users, the settlement requires that TikTok initiate a new privacy compliance training program and take other steps to protect its users’ privacy going forward. TikTok is a video-sharing social network that has denied any privacy violations, the class action lawsuit contended that the app collects and discloses personal data in violation of the Illinois Biometric Information Priva...

Kong Raises $100 Million from Tiger Global & others

10Feb By AdityaNo Comments

FUNDING

Kong Raises $100 Million from Tiger Global & others

SAN FRANCISCO, Feb 10, 2021-- Cloud connectivity platform Kong raises $100 million in Series D funding, led by Tiger Global Management with participation from existing investors Index Ventures, CRV, GGV Capital and Andreessen Horowitz as well as new investor Goldman Sachs. The latest round brings Kong’s total funding to $171 million, tripling its valuation to $1.4 billion since the Series C round. Kong will use the capital to scale its go-to-market operations, grow world-class Engineering and Customer Experience teams, and accelerate cloud connectivity with its new SaaS-based Kong Konnect service connectivity platform. The fundraising follows a record year for Kong, marked by a significant increase in adoption of its flagship open-source software Kong Gateway now exceeding 220 m...

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 su...

5 Data Analytics Trends That Will Define the Decade

20Jul By AnkitaNo Comments

Tech

5 Data Analytics Trends That Will Define the Decade

With everything that’s been going on in 2020, it’s easy to forget that we’re on the cusp of a new decade. Technology continues to advance, and big data keeps getting bigger perhaps even more so now that many people are stuck at home, using the internet to stay connected more than ever before. Data is proliferating at staggering rate humankind will generate more than 175 zettabytes of data by 2025. Over the next ten years, players big and small are expected to seek ways to implement data science to increase profits and improve operations. Data analytics is a fast-growing and rapidly changing field, but these are some of the most important trends data scientists expect to see in the decade to come. 1) More Smart Stuff It seems like you literally can’t even buy a lightbulb these ...

New York based Native Raises $2.5 Million

20Apr By NitishNo Comments

FUNDING

New York based Native Raises $2.5 Million

New York-based Native, an on-demand marketplace raises $2.5 million round funding to fuel its global growth. The funding round was led by Lavrock Ventures, alongside participation from Riverbend Capital. Native enables global brands to task locals to collect any type of data they need on the ground nearly anywhere in the world, from pricing to store checks. Native operates in over 30 countries around the world with offices in New York, Washington DC, London, etc. “We are changing the face of market research in over 35 countries and in more than 16 languages around the world,” said Matt McNabb, co-founder and CEO of Native, “and we’re psyched to be working with Daniel and the talented teams at Lavrock and Riverbend to accelerate that reality.” The funding round comes at an impo...

Survey: This is What Indians Do Online & Offline

7Apr By Sheldan RungasamyNo Comments

ANALYSIS

Survey: This is What Indians Do Online & Offline

India is a fast evolving and developing country with ever-more resources and capital being poured into the Indian web market to digitalize the country. A particular tool that has allowed this digital development has been the introduction of cheap and reliable smartphones in the market which allowed a large portion of the country to afford the technology. Additionally, cheap internet plans contributed significantly to encouraging and increasing the overall internet usage. Consequently, diverse facilities and services emerged from phone apps, allowing users to buy, sell, order and enjoy different types of facilities and services from electronic shopping, to cab hailing, food delivery and more. Presently, India stands among the most internet-friendly ecosystems in the world and the scale a...

Most Apps Share Your Data With Google, Facebook: Study

13Jun By Press Trust of IndiaNo Comments

ANALYSIS

Most Apps Share Your Data With Google, Facebook: Study

More than 70 per cent of smartphone apps are reporting personal data to third-party companies like Google and Facebook, a new study has warned. When people install a new smartphone app, it asks for the users permission before accessing personal information. Some of the information these apps collect are necessary for them to work properly. However, once an app has permission to collect that information, it can share your data with anyone the developer wants to letting third-party companies track where you are, how fast you are moving and what you are doing, researchers said. Researchers from the IMDEA Networks Institute in Spain wanted to know how much data could potentially be collected without users knowledge, and to give users more control over their data. "To get a pictu...

French Researchers Find a Way to Unlock WannaCry Without Ransom

21May By reutersNo Comments

News

French Researchers Find a Way to Unlock WannaCry Without Ransom

French researchers said on Friday that they had found a last-chance way for technicians to save Windows files encrypted by WannaCry, racing against a deadline as the ransomware threatens to start locking up victims' computers first infected a week ago. WannaCry, which started to sweep round the globe last Friday and has infected more than 300,000 computers in 150 nations, threatens to lock out victims who have not paid a sum of $300 to $600 within one week of infection. A loose-knit team of security researchers scattered across the globe said they had collaborated to develop a workaround to unlock the encryption key for files hit in the global attack, which several independent security researchers have confirmed. The researchers cautioned that their solution only works in certain ...

Food Ordering App Zomato Reports Data Theft of 17 Million Users

18May By Press Trust of IndiaNo Comments

News

Food Ordering App Zomato Reports Data Theft of 17 Million Users

Online restaurant guide and food ordering app Zomato today said about 17 million user records have been stolen from its database. The stolen information contains user email addresses and hashed passwords but no payment information or credit card data has been stolen/leaked, Zomato said in a blogpost on its website. The startups disclosure comes at a time when the world is grappling with the cyber attack by ransomware WannaCry, which has impacted IT networks in over 150 countries. Zomato said the data theft was discovered recently by its security team, without indicating the exact time or if it was related to the WannaCry ransomware attack. "Our team is actively scanning all possible breach vectors and closing any gaps in our environment. So far, it looks like an internal (human...