Eight Sleep, a Miami, FL-based sleep fitness company, closed an $86M Series C funding round. The round was led by Valor Equity Partners, with participation from other funds, including SoftBank, Khosla Ventures, Founders Fund, and General Catalyst. Antonio Gracias, Valor’s Founder, CEO, and CIO, joined the Eight Sleep Board. Mr. Gracias sits on the boards… Continue reading Eight Sleep Raises $86M in Series C Funding
Category: Tech News
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China Says Minors Can Only Play Three Hours of Online Games Per Week
The gaming industry — and likely kids — aren’t thrilled about the crackdown. Slashed Hours China’s government has announced strict new limits on how much minors under the age of 18 can play video games online, forcing some of the biggest gaming platform developers to limit availability to just three hours a week, Bloomberg reports. The… Continue reading China Says Minors Can Only Play Three Hours of Online Games Per Week
Chinese battery maker says it’s ready to produce cobalt-free EV power packs at scale
When you factor in cars, trucks, planes, trains and shipping, the transportation sector is the largest source of greenhouse gases in the US. If we’re going to have any chance of addressing climate change, we’ll need to move away from burning fossil fuels in our cars. There’s just one problem with most electric vehicles: they… Continue reading Chinese battery maker says it’s ready to produce cobalt-free EV power packs at scale
Twitch streamer DrLupo is defecting to YouTube Gaming
Twitch has lost one of its most popular and well-liked stars to rival YouTube. On Monday, Benjamin “DrLupo” Lupo announced he recently signed a deal to stream exclusively on YouTube Gaming. The deal comes nearly two years after Lupo signed an exclusive agreement with Amazon-owned Twitch, which was reportedly worth millions of dollars per year… Continue reading Twitch streamer DrLupo is defecting to YouTube Gaming
A power surge shut down half of NYC’s subways for five hours
Late Sunday evening, half of New York City’s subway system shut down for five hours due to a power surge, stranding hundreds of passengers in the process. New York Governor Kathy Hochul called it an “unprecedented system breakdown” of the Metropolitan Transportation Authority. The Washington Post reports that the problems began when a power line… Continue reading A power surge shut down half of NYC’s subways for five hours
Coinbase mistakenly told 125,000 users their 2FA settings had changed
Major cryptocurrency exchange Coinbase said it mistakenly told around 125,000 customers that their two-factor authentication settings had been changed. The email and SMS notifications were sent due to an “internal error” and were not the result of a hack, the company told CNBC. Coinbase sent the false alert to users over the course of 82… Continue reading Coinbase mistakenly told 125,000 users their 2FA settings had changed
PayPal may offer a stock-trading platform in the US
PayPal is “exploring” the idea of allowing its users to trade individual stocks. Per CNBC, the company recently hired TradeKing co-founder Richard Hagen to head up a new unit at the company called Invest at PayPal. “Leading PayPal’s efforts to explore opportunities in the consumer investment business,” Hagan says of his new job on his… Continue reading PayPal may offer a stock-trading platform in the US
KB Investment, RHL Ventures launch $55m co-GP fund backed by Malaysia’s Penjana Kapital …
Kuala Lumpur, Malaysia. Photo by Kah Hay Chee on Unsplash Premium South Korea’s KB Investment and Malaysia’s RHL Ventures have launched a $55-million co-general partner (GP) fund backed by Malaysia government-backed Penjana Kapital, said a senior executive at the fund. Go to Source
Singapore eyes gig worker welfare in wake-up call for ASEAN startups
Premium Delivery drivers and other “gig economy” workers have emerged as essential in the pandemic. Now, Singapore aims to offer them more support, with Prime Minister Lee Hsien Loong singling out their “employee-like relationships” with online platforms that offer little security. Go to Source
Temasek-backed alt protein startup Next Gen eyes expansion in the West
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Temasek-backed alt protein startup Next Gen eyes expansion in the West