Fortnite maker Epic Games has hit a stumbling block in its plans to bring the companyâs alternative app store, the Epic Games Store, to the EU. As now permitted by the EUâs Digital Markets Act (DMA), Epic Games announced earlier this year it planned to bring both the digital storefront and its flagship game, Fortnite, […]
In its latest step targeting a major marketplace, the European Commission sent Amazon another request for information (RFI) Friday in relation to its compliance under the blocâs rulebook for digital services. The development highlights areas where EU enforcers are dialling up their scrutiny of the ecommerce giant, with the bloc asking for more info about […]
Quantum Rise, a Chicago-based startup which does AI-driven automation for companies like dunnhumby (a retail analytics platform for the the grocery industry), has raised a $15 million seed round from Erie Street Growth Partners. Its approach is somewhat akin to UIPathâs, a company famous for bringing robotic process automation to the enterprise, but with a […]
On July 4, YouTube released an updated eraser tool for creators so they can easily remove any copyrighted music from their videos without affecting any other audio such as dialogues or sound effects. YouTube chief Neal Mohan posted about the tool on X and said, âGood news, creators: our updated Erase Song tool helps you […]
Airtel, Indiaâs second-largest telecom operator, on Friday denied any breach of its systems following reports of an alleged security lapse that has caused concern among its customers. The telecom group, which also sells productivity and security solutions to businesses, said it had conducted a âthorough investigationâ and found that there has been no breach whatsoever […]
According to a recent Dealroom report on the Spanish tech ecosystem, the combined enterprise value of Spanish startups surpassed âŹ100 billion in 2023. In the latest confirmation of this upward trend, Madrid-based VC fund Seaya has closed Seaya Andromeda, an âArticle 9â âŹ300 million climate-tech fund based out of Madrid. Article 9 refers to the EUâs Sustainable Finance […]
Forestay, an emerging VC based out of Geneva, Switzerland has been busy. This week it closed its second fund, Forestay Capital II, at a hard cap of $220 million. The VC wasnât well known in Europe until it started to lead rounds in enterprise startups a couple of years ago, notably scanning software startup Scandit […]
Threads, Metaâs alternative to Twitter, just celebrated its first birthday. After launching on July 5 last year, the social network has reached 175 million monthly active users â thatâs a notable achievement. But, after a year, Threads is trying to find its own voice by not being as newsy as Twitter/X and also not being […]
J2 Ventures, a firm led mostly by the U.S. military veterans, announced on Thursday that it has raised a $150 million second fund. The Boston-based firm invests in startups whose products are purchased by civilians and the U.S. Department of Defense.  While many emerging VCs are struggling to raise second funds, J2âs latest vehicle is […]
On Tuesday, health tech services provider HealthEquity disclosed in a filing with federal regulators that it had suffered a data breach, in which hackers stole the âprotected health informationâ of some customers. In an 8-K filing with the SEC, the company said it detected âanomalous behavior by a personal use device belonging to a business […]