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  • Intel agrees to sell its NAND business to SK Hynix for $9 billion
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    SK Hynix, one of the world’s largest chip makers, announced today it will pay $9 billion for Intel’s flash memory business. Intel said it will use proceeds from the deal to focus on artificial intelligence, 5G and edge computing. “For Intel, this transaction will allow us to to further... Read more »
  • Trump says ‘nobody gets hacked’ but forgot his hotel chain was hacked — twice
    true
    According to President Trump speaking at a campaign event in Tucson, Arizona, on Monday, “nobody gets hacked.” You don’t need someone who covers security day in and day out to call bullshit on this one. “Nobody gets hacked. To get hacked you need somebody with 197 IQ and he needs about... Read more »
  • ShopUp raises $22.5 million to digitize millions of mom-and-pop shops in Bangladesh
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    A startup that is aiming to digitize millions of neighborhood stores in Bangladesh just raised the country’s largest Series A financing round. Dhaka-headquartered ShopUp said on Tuesday it has raised $22.5 million in a round co-led by Sequoia Capital India and Flourish Ventures. For both the venture firms, this is... Read more »
  • SAIF Partners rebrands as Elevation Capital, secures $400 million for its new India fund
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    SAIF Partners has raised $400 million for a new fund and rebranded the 18-year-old influential venture capital firm as it looks to back more early-stage startups in the world’s second largest internet market. The new fund is SAIF Partners’ seventh for early-stage startups in India. Its previous two funds were... Read more »
  • Lee Fixel is already raising a massive second fund
    true
    On Friday, former Tiger Global Management investor Lee Fixel registered plans for the second fund of his new investment firm, Addition, just four months after closing the first. According to a report on Friday by the Financial Times, the outfit spent last week finalizing the fundraising for the $1.4... Read more »

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  • Intel agrees to sell its NAND business to SK Hynix for $9 billion October 20, 2020
    SK Hynix, one of the world’s largest chip makers, announced today it will pay $9 billion for Intel’s flash memory business. Intel said it will use proceeds from the deal to focus on artificial intelligence, 5G and edge computing. “For Intel, this transaction will allow us to to further prioritize our investments in differentiated technology […]
    Catherine Shu
  • Trump says ‘nobody gets hacked’ but forgot his hotel chain was hacked — twice October 20, 2020
    According to President Trump speaking at a campaign event in Tucson, Arizona, on Monday, “nobody gets hacked.” You don’t need someone who covers security day in and day out to call bullshit on this one. “Nobody gets hacked. To get hacked you need somebody with 197 IQ and he needs about 15 percent of your […]
    Zack Whittaker
  • ShopUp raises $22.5 million to digitize millions of mom-and-pop shops in Bangladesh October 20, 2020
    A startup that is aiming to digitize millions of neighborhood stores in Bangladesh just raised the country’s largest Series A financing round. Dhaka-headquartered ShopUp said on Tuesday it has raised $22.5 million in a round co-led by Sequoia Capital India and Flourish Ventures. For both the venture firms, this is the first time they are […]
    Manish Singh
  • SAIF Partners rebrands as Elevation Capital, secures $400 million for its new India fund October 19, 2020
    SAIF Partners has raised $400 million for a new fund and rebranded the 18-year-old influential venture capital firm as it looks to back more early-stage startups in the world’s second largest internet market. The new fund is SAIF Partners’ seventh for early-stage startups in India. Its previous two funds were each $350 million in size, […]
    Manish Singh
  • Lee Fixel is already raising a massive second fund October 19, 2020
    On Friday, former Tiger Global Management investor Lee Fixel registered plans for the second fund of his new investment firm, Addition, just four months after closing the first. According to a report on Friday by the Financial Times, the outfit spent last week finalizing the fundraising for the $1.4 billion fund, which Addition reportedly doesn’t […]
    Connie Loizos