Daily Precap - Tuesday 10th July 2018
Hey I’m Domm, it’s Tuesday 10th July 2018, and this is your daily precap of the latest and greatest technology, startups, and business news.
The hackers have been busy with multiple breaches announced.
Timehop, an app the reminds your of social media posts on the same date years later has had a network breach and revealed the info of 21M users.
Polar Flow - the fitness tracking service has accidentally leaked the location of over 5000 military and government personnel, and spies, at sensitive locations all around the world.
But seriously, if you’re a cia agent and you bought a cheap Fitbit clone which broadcasts your location while you run, from a top secret location, then you’re probably not the super sleuth we need protecting us.
Silicon Valley VC fund Lightspeed, is betting big on India with a new $175M fund to invest in Indian tech startups.
Index Ventures raises two funds, 650M for early stage, 1bn for growth stage scale ups.
Samsung is building worlds largest smartphone factory in India capable of producing 120M devices a year.
Apple Music is outgrowing Spotify Music and set to over take with just 1M subscribers behind Spotify’s 22.5M subscribers.
Uber wants you to book electric scooters through its service too is investing in scooter startup Lime, participating in a 300M capital raise.
China Fintech’s Start-up Ant Financial, has raised $14 Billion, in a massive series c round, valuing the company at $150Bn valuation. The company serves over 500 million customers through its payment platforms including Alipay.
PayPal is ready to invest up to $3 billion a year on acquisitions that enable it to acquire specific capabilities,
It may be easier and faster to get insurance soon, with insuretech startup Plack Re, raising $12M to simplify insurance underwriting.
Audi’s E-tron SUV launching in 2020 will have one major shake-up, with virtual rear view mirrors. It will use small cameras on the side of the vehicle then project the image on the side doors.
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That was your daily precap, I am Domm, thanks for listening.