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Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million

by admin | Aug 25, 2021 | News

Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in...
Final vote delayed for Korea’s plan to ban Google and Apple in-app payment rules

Final vote delayed for Korea’s plan to ban Google and Apple in-app payment rules

by admin | Aug 25, 2021 | News

As Apple and Google continue to face increasing scrutiny over the rules they set for how third-party apps in their app stores charge for services, a significant development in that story is going down in South Korea. South Korea’s parliamentary committee passed on...
MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

by admin | Aug 25, 2021 | News

Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing investors — RMBV, IFC, Flourish...
BreachQuest emerges from stealth with $4.4M to modernize incident response

BreachQuest emerges from stealth with $4.4M to modernize incident response

by admin | Aug 25, 2021 | News

BreachQuest, an early-stage startup with a founding team of cybersecurity experts building a modern incident response platform, has emerged from stealth with $4.4 million in seed funding. The investment was raised from Slow Ventures, Lookout founder Kevin Mahaffey,...
Vietnam after-school learning startup Marathon raises $1.5M pre-seed round

Vietnam after-school learning startup Marathon raises $1.5M pre-seed round

by admin | Aug 25, 2021 | News

Marathon Education was created after its founders realized after-school education in Vietnam hadn’t evolved much since they were kids. Some of the most popular tuition centers in big cities teach hundreds of students at once. “They’re packed like sardines and that...
Musk admits Full Self-Driving system ‘not great,’ blames a single stack for highway and city streets

Musk admits Full Self-Driving system ‘not great,’ blames a single stack for highway and city streets

by admin | Aug 25, 2021 | News

It hasn’t even been a week since Tesla hosted its AI Day, a livestreamed event full of technical jargon meant to snare the choicest of AI and vision engineers to come work for Tesla and help the company achieve autonomous greatness, and already CEO Elon Musk is coming...
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