Local news app News Break raises $115M

The popular news app News Break is announcing that it has raised $115 million in new funding. The press release claims this round makes News Break “one of the first new unicorns of 2021,” but the startup declined to disclose its actual valuation. Founder and CEO Jeff Zhe

Mercedes unveils Hyperscreen, a curved 56-inch screen for its flagship EQS electric vehicle

Three years ago, Mercedes-Benz unveiled MBUX, an infotainment system that represented a leap forward in the legacy automotive industry. That system, with its crisp graphics, intuitive user interface and voice assistant, was closer to the experience of using a smartphone and finally got away from th

Elon Musk dunks on Facebook and recommends Signal in wake of US Capitol insurrection attempt

Elon Musk, the tech billionaire set to likely soon become the world’s richest man, and one of the most influential voices in the world of tech entrepreneurship, continued his recent trend of criticizing Facebook with a Twitter post late Wednesday night, following the attempted insurrection by

Glia raises $78M for its integrated, hands-on, AI-based customer service platform

The ongoing push for social distancing to slow the spread of COVID-19 has meant that more people than ever are using internet-based services to get things done. And that is having a direct impact on digital customer service, which is seeing unprecedented traffic and demands when things are not runn

Lacework lands $525M investment as revenue grows 300%

As the pandemic took hold in 2020, companies accelerated their move to cloud services. Lacework, the cloud security startup, was in the right place at the right time as customers looked for ways to secure their cloud native workloads. The company reported that revenue grew 300% year over year for t

Hopin buys livestreaming startup StreamYard for $250M as it looks to expand its product lineup

This morning Hopin, a quickly growing startup that sells a technology platform for hosting digital events, announced that it has acquired StreamYard. The acquired company, which bootstrapped itself to material revenue scale, will retain its brand and in-market product. The deal is worth $250 millio

Waymo is dropping the term ‘self-driving,’ but not everyone in the industry is on board

Waymo will no longer use the term “self-driving” to describe the technology it has been developing for more than a decade, opting instead for “autonomous.” The Alphabet company said that this seemingly small shift is an important effort to clarify what the technology does an

Mambu raises $135M at a $2B+ valuation for a SaaS platform that powers banking services

Challenger banks, incumbent banks and all of the many businesses that are making inroads into any kind of banking service all have something in common: when it comes to launching a new product like a credit line or a deposit or current account, these days many of them are opting not to build from t

US says India, Italy and Turkey digital taxes are discriminatory, but won’t take any actions for now

Digital services taxes adopted by India, Italy and Turkey in recent years discriminate against U.S. companies, the U.S. Trade Representative said on Wednesday. USTR, which began investigations into the three nation's digital services taxes in June last year, said it found them to be inconsisten

Too Good To Go raises $31 million to fight food waste

Too Good To Go, the startup that lets you buy food right before it goes to waste, is raising a $31.1 million round; blisce/ is leading the round and investing $15.4 million. Existing investors and employees are also participating. While the company has been around for a while, this is the first tim

Pennylane raises $18.4 million for its accounting service

French startup Pennylane has raised $18.4 million (€15 million) for its accounting service that combines automated processes with human accountants. Existing investors Global Founders Capital and Partech are investing once again. Pennylane is both a software-as-a-service company that helps you de

IPRally is building a knowledge graph-based search engine for patents

IPRally, a burgeoning startup out of Finland aiming to solve the patent-search problem, has raised €2 million in seed funding. Leading the round is JOIN Capital and Spintop Ventures, with participation from existing pre-seed backer Icebreaker VC. It brings the total raised by the 2018-founded com

Snapchat locks President Donald Trump’s account

Snapchat locked President Donald Trump's account after pro-Trump rioters stormed the United States Capitol. A Snap spokesperson confirmed to technewss that the action was taken on Wednesday and added that the company will monitor the situation closely before re-evaluating its decision. This is

State Department reportedly orders diplomats to stop posting on social media after US Capitol riots

The State Department ordered diplomats to stop posting on social media after pro-Trump rioters stormed the United States Capitol, reports CNN, citing three diplomatic sources. Diplomats overseas were also told by the under secretary for public affairs to remove scheduled content for Facebook, Hoots