Tech

Google fails to overturn EU’s €2.42BN Shopping antitrust decision

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Google’s challenge to a 2017 EU antitrust finding against its shopping comparison service (Google Shopping) has been largely dismissed by the General Court of the European Union. It’s an important win for the Commission’s antitrust division, which — in recent years — has brought a string of enforcements against big tech, including multiple decisions against … Read more

Intel, Samsung and Porsche among investors in TriEye’s $74M funding round

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Israeli startup TriEye has raised $74 million to commercialize a type of sensing technology that can be used to help autonomous and driver-assistance systems to see better in adverse conditions. The technology uses short-wave infrared (SWIR), which refers to a wavelength range that is outside the visible spectrum. While SWIR sensing is not new, it … Read more

Digital restaurant startup Zak orders up new capital on mission to be ‘Toast of LatAm’

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Restaurant operators typically focus on good food and customer service, but when customers stopped coming in during the pandemic, many had to learn how to reach them in new ways. Childhood friends David Grandes and Andres Andrade, both originally from Ecuador, started Mimic in 2018 in Brazil as a dark kitchen-as-a-service, specializing in producing food … Read more

Self-driving truck startup Kodiak Robotics raises $125M

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Kodiak Robotics, one of the last privately held autonomous truck outfits in Silicon Valley, has raised $125 million in new capital, funding that will be used to double its workforce as it pursues a path to commercialization. The oversubscribed Series B stands out for its lengthy list of backers and notably that the lead investor … Read more

Vimeo snaps up AI video startup Wibbitz and ‘shoppable’ video tech maker Wirewax to expand its enterprise video tools

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Vimeo, the B2B video platform that spun out from IAC earlier this year, has made a pair of acquisitions aimed at building out the suite of features and tools it offers to businesses to create and run their own video strategies. The company has picked up short-form AI-based video creation platform Wibbitz; and Wirewax, which … Read more

Brazil’s Canary sings with closing of biggest fund with $100M in commitments

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Canary, the Brazilian venture capital firm backing some of Latin America’s successful startups like Buser, Sallve, Hashdex, Facily and Trybe, closed on its third fund that was oversubscribed with $100 million in commitments. Since its formation in 2017, the firm invested in more than 100 companies in Latin America through its first two funds, on … Read more

General Atlantic secures $7.8B in commitments for sixth fund

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General Atlantic announced Wednesday that its sixth growth equity fund, GA 2021, closed with $7.8 billion in commitments, up from the $5 billion the firm was originally seeking earlier this year. Backers in the new fund included new and existing capital partners, including family offices, endowments, foundations and institutional investors. GA, which was started in … Read more

Lusha, a crowdsourced data platform for B2B sales, gets $205M Series B at $1.5B valuation

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A team photo of crowdsourced B2B sales data startup Lusha For many sales and marketing teams, finding leads is a time-consuming and tedious process. Lusha, a sales intelligence platform for B2B sales, is helping with a crowdsourced database that helps companies narrow down their lists of potential customers to the most likely candidates. Founded in … Read more

Google wins appeal against UK class action-style suit seeking damages for Safari tracking

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Google has won an appeal against a class action-style privacy litigation at the UK Supreme Court — avoiding what could have been up to £3BN in damages had it lost the case. The long-running litigation was brought by veteran consumer rights campaigner, Richard Lloyd, who, since 2017, has been pursing a collective lawsuit, alleging Google … Read more

Grand Theft Auto remaster gameplay footage leaks online

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The UI will look familiar to anyone who’s played the original games. | Screenshot: Grand Theft Auto: The Trilogy — The Definitive Edition Gameplay footage from Rockstar’s upcoming remaster of its PS2-era Grand Theft Auto trilogy has appeared online, after gameplay footage was apparently uploaded from early copies. VGC has collected together three YouTube uploads … Read more

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