Perigee snares $1.5M seed to secure HVAC and other infrastructure

perigee-snares-$1.5m-seed-to-secure-hvac-and-other-infrastructure

It’s been an eventful fall for Perigee CEO and founder Mollie Breen. The former NSA employee participated in the TechCrunch Disrupt Startup Battlefield in September, and she just closed her first seed round on Thanksgiving, giving her a $1.5 million runway to begin building the company. Outsiders Fund led the round with participation from Westport, … Read more

Robinhood pays $65M to settle SEC charges for past “inferior” pricing execution, misleading customers

robinhood-pays-$65m-to-settle-sec-charges-for-past-“inferior”-pricing-execution,-misleading-customers

Today, American securities watchdog the SEC  href=”https://www.sec.gov/news/press-release/2020-321″>announced that Robinhood, a free-to-trade broker that has grown rapidly in recent years, has paid a $65 million fine to settle charges relating to some of its historical business practices. The actions at issue occured between 2015 and 2018, with the SEC alleging that the company “made misleading statements … Read more

Brainly raises $80M as its platform for crowdsourced homework help balloons to 350M users

brainly-raises-$80m-as-its-platform-for-crowdsourced-homework-help-balloons-to-350m-users

The Covid-19 pandemic has led to a major upswing in virtual learning — where some schools have gone (and stayed) remote, and others have incorporated significantly stronger online components, in order to help communities maintain more social distancing. That has in turn led to a surge in the usage of tools to help home learners … Read more

The latest multistate antitrust lawsuit targets Google’s ad business

the-latest-multistate-antitrust-lawsuit-targets-google’s-ad-business

Texas announced Wednesday that it will sue Google, accusing the search giant of maintaining an illegal monopoly in online advertising. Texas will be joined by Arkansas, Indiana, Kentucky, Missouri, Mississippi, South Dakota, North Dakota, Utah and Idaho, according to reporting from Reuters. The suit was first announced in a video from Texas Attorney General Ken … Read more

GoCardless raises another $95M as it bets on open banking alongside its recurring payments network

gocardless-raises-another-$95m-as-it-bets-on-open-banking-alongside-its-recurring-payments-network

GoCardless, the London fintech that aims to become the one-stop shop globally for businesses that want to let customers pay via recurring bank payments, has raised $95 million in Series F funding. According to The Telegraph newspaper, this gives the company much coveted unicorn status. However, I understand the round values GoCardless at just over … Read more

Privacy is the new competitive battleground

privacy-is-the-new-competitive-battleground

Alex Andrade-Walz Contributor Share on Twitter Alex Andrade-Walz is Director of Marketing at Evernym, a market leader in self-sovereign identity. In November, Californians voted to pass Proposition 24, a ballot measure that imposes new regulations on the collection of data by businesses. As part of the California Privacy Rights Act (CPRA), individuals will now have … Read more

Amazon’s Project Kuiper will seek multiple launch providers to carry its satellites to space

amazon’s-project-kuiper-will-seek-multiple-launch-providers-to-carry-its-satellites-to-space

Amazon SVP of Devices & Services David Limp joined us at TC Sessions: Space today, and he shared some new details about the company’s Project Kuiper broadband satellite constellation. Limp shared more details on the technical design challenges that the Kuiper team solved with its revolutionary customer terminal, but he also shared more info on … Read more