London coding security startup Snyk lands $22m series B from Accel September 25, 2018 Open source security startup Snyk today closed a $22m (£16.7m) series B funding round, led by Accel with participation from GV. Existing investors such as Boldstart Ventures and Heavybit also joined the round. With big names such as ASOS, Skyscanner and Auth0 among its clients, enterprise developers use Snyk to vet the security of [...]
Brits lost £500m to fraudsters in first half of 2018 September 25, 2018 Criminals lied and tricked their way to stealing £500m from the UK public in the first half of the year, new figures today reveal. While the finance industry managed to protect £2 in every £3 targeted by fraudsters, they managed to steal £503.4m, using it to fund terrorism, people smuggling and drug trafficking, according to trade association UK [...]
Learning Technologies Group shares rocket as revenues rise following US acquisition September 25, 2018 Shares in corporate education software firm Learning Technologies Group (LTG) closed 19 per cent up today after it reported robust half-year results. Revenues jumped 60 per cent to £33.8m, while the dividend was hiked 67 per cent to stand at 15p. The group, which creates e-learning software for the likes of Jaguar Landrover and the [...]
Qualcomm accuses Apple of stealing trade secrets to bolster its chip deal with Intel September 25, 2018 US chipmaker Qualcomm has hit out at Apple with fresh accusations of the Cupertino tech firm stealing trade secrets and passing them on to rival chipmaker Intel. Qualcomm believes Apple is attempting to groom Intel for future chip deals for its flagship iPhone and iPad products. Qualcomm provided the chips for the iPhone up until [...]
Facebook hit by $11bn wipeout from its market cap after Instagram founders quit September 25, 2018 Shares in Facebook have fallen by more than two per cent as markets opened in the US this afternoon, powered by the sudden exit of the two founders of Instagram. Facebook's share price fell as much as 3.2 per cent in pre-market trading this morning, before opening 2.4 per cent down to a total market value loss [...]
Hummingbird Electric bike review: The world’s lightest foldable electric bike is a beautiful piece of engineering September 25, 2018 It’s only a slight exaggeration to say that the very first electric bikes were as big as houses, cost hundreds of thousands of pounds and needed to be recharged every 300ft. But since their advent, the underlying technology has been continually refined and improved. Electric bikes have become smaller and lighter. Batteries have become more [...]
Recruiter Harvey Nash bucks Brexit fears as profits rise in first half September 25, 2018 Tech recruiter Harvey Nash reported rising profits in its interim results this morning, despite the sector suffering from uncertainty surrounding Brexit negotiations in the UK. Despite the decent results, shares in the company were trading almost one per cent lower early on Tuesday. The figures Gross profit rose 7.2 per cent to £51.7m, while profit before [...]
Instagram’s co-founders quit their social media app September 25, 2018 Instagram’s co-founders are leaving the firm. Kevin Systrom and Mike Krieger are stepping down six years after Facebook bought their social media app for $1bn (£760m). The photo-sharing behemoth today boasts more than 1bn users, up from 30m at the time Facebook bought it, but the co-founders’ departure follows rumours of tensions between them [...]
EY-backed London marine insurtech Concirrus raises £5m September 25, 2018 London insurance technology startup Concirrus today closed a further £5m fundraising effort from deeptech investor IQ Capital and EOS Venture Partners, taking its total amount raised to date to £12m. The news comes after the firm signed a global deal with Big Four accountancy firm EY in April earlier this year, pushing Concirrus’ disruptive machine [...]
21 Lessons for the 21st Century review: It’s Yuval Noah Harari at his best, but not as you know him September 24, 2018 Created by the man behind two of the best-selling books in recent years Sapiens and Homo Deus, Yuval Noah Harari’s latest book 21 Lessons is a compilation of several loose essays that he has penned for the likes of Bloomberg, the New York Times et al. Intended as a teaching on the world we [...]
