Ripcord, a startup developing robots that can automatically digitize paper records, is hoping to raise $20 million to $25 million in a new funding round that would value the company at $110 million pre-money, according to a source familiar with the matter and a pitch deck viewed by TechCrunch. Alphabet’s GV, Lux Capital and MUFG … Read more
Earlier this year, TikTok launched Effect Creator Rewards, its first program for creators to monetize their popular effects. It took the form of a $6 million fund. Today (Oct. 11), TikTok announced it’s expanding eligibility for the fund. Initially, effect creators needed their effects to be used in at least 500K TikTok videos to qualify … Read more
Drake’s giving a warning to a social media star who’s trying to pretend he’s the boss of a new rap label, which feels eerily similar to Birdman’s … and which Baby doesn’t like at all. Of course, we’re talking about Druski and his “Coulda Been Records” — a brand he recently launched … but seemingly … Read more
Michael Cohen, former personal attorney to Donald Trump, said the fraud case in New York could wreck the former president financially. “If you really want to get to Donald, the way to do it is through his bankbook,” he told CNN’s Kaitlan Collins. “That’s what really gets to him.” And this case, he predicted, will … Read more
Cisco is acquiring cybersecurity software company Splunk for $157 per share in a cash deal worth about $28 billion, the company said Thursday, in its largest acquisition ever. Splunk shares ended Thursday up 21%, while Cisco shares closed down 4%. Splunk’s technology helps businesses monitor and analyze their data to minimize the risk of hacks … Read more
Al Drago/Bloomberg by way of Getty Pictures Whereas checking my morning e mail, I noticed notes from a number of mates who run tiny companies. Every instructed me that they depend on Sq., the favored on-line fee system, and that it wasn’t working for them and did I understand how to repair it. I did … Read more
Astra has laid off 25% of its workforce because the starting of the quarter and is reallocating a minimum of 50 engineers and manufacturing workers away from its launch enterprise to deal with spacecraft manufacturing, the corporate stated Friday. The reallocation and layoffs are anticipated to delay testing of the under-development Rocket 4 and Launch … Read more
The U.S. Securities and Alternate Fee (SEC) mentioned it doesn’t intend to suggest an enforcement motion towards digital mortgage lender Higher.com. The pronouncement comes after an investigation on the a part of the SEC to find out if violations of federal securities legal guidelines had occurred. Final July, the SEC started wanting into whether or … Read more
By Tim Reid and Nathan Layne (Reuters) – Actual property mogul Ron Weiser has been one of many greatest donors to the Michigan Republican Celebration, giving $4.5 million within the current midterm election cycle. However no extra. Weiser, former chair of the celebration, has halted his funding, citing issues concerning the group’s stewardship. He says … Read more
Of the various points highlighted by the collapse of Silicon Valley Financial institution, one huge one was the legal responsibility of getting an excessive amount of money sitting in too few financial institution accounts. At the moment a London startup known as TreasurySpring — which has constructed a platform for companies to place a few … Read more