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Data unicorn Collibra raises $112.5 million
Collibra, the data intelligence firm, has picked up $112.5 million in new investment against a valuation of $2.3 billion. It owns tools for data management and analysis and was previously backed by Alphabet. Google's parent company involved itself in this funding round too. "We further strengthen our position to unlock the value of enterprise data," said Collibra's CEO Felix Van de Maele.
Revolut fast-tracks crypto services
Revolut has made its cryptocurrency services available as standard. The economic crisis caused by the coronavirus outbreak is the reason behind the move, the fintech said. Revolut had planned to make this change later in 2020. The crypto services were previously reserved for Premium and Metal tier users of the banking app. Last week, Revolut launched its platform across the United States.
Lunar banks another $20 million
Challenger bank Lunar has raised a further $20 million in its Series B funding round. The Nordic firm launched its mobile-only bank last month after being granted a full European licence. It claims to have more than 150,000 users locally. The Series B total is now $46 million having been supported by Seed Capital and others. Former Monzo product chief Ole Mahrt is also joining Lunar as a director.
China Mobile hands out $5.2bn in 5G contracts
China Mobile has awarded $5.2 billion of 5G contracts, with the lion's share going to Chinese firms. Huawei is the big winner, with local media reporting 57.3% of the total value of the tender going to the company, ZTE 28.7%, Ericsson 11.5% and CICT 2.6%, according to Light Reading. Huawei is tasked with building 133,000 basestations. Nokia reportedly bid for the contracts, but was unsuccessful.
Zoom CEO "deeply sorry" for security and privacy issues
The CEO of video conferencing platform Zoom has said he is "deeply sorry" for the privacy issues that have been uncovered. Eric Yuan said all future development will be frozen for the next three months to focus on security and privacy fixes. The service has come under strain in recent weeks, with Yuan revealing the number of paid and free users has risen from 10 million to 200 million per day.
Binance buys CoinMarketCap
Binance has completed the acquisition of cryptocurrency data site CoinMarketCap. The deal brings together two of the biggest brands in the crypto industry. Binance is the world's largest digital asset exchange. It was keen to emphasise that they will maintain a "strict policy of independence from one another". Binance founder Changpeng Zhao says the pair share the same "access-to-crypto" vision.
Notion scoops $50 million funding for its collaboration software
Notion is now worth $2 billion after completing a $50 million funding round. The collaboration software startup had been against further outside investment but relaxed its position in the wake of the coronavirus outbreak. Index Ventures led the latest funding efforts. Notion has seen a surge in demand for its tools due to an increase in remote working. It now has more than four million users.
SOS Online Backup exposes 135 million user records
SOS Online Backup, which provides cloud backup, has exposed 135 million user records. Security researcher vpnMentor says the data was exposed last November, with the incident mitigated by December. Names, email addresses and phone numbers were among the information types left unsecured. SOS Online Backup's website claims it is “the world’s most secure online backup”.
Slack adds Microsoft Teams and Slack integration
Work collaboration tool Slack has added integration for Microsoft Teams calls and Zoom. On its homepage, Slack said: "Gone are the days of fumbling for meeting links—join Teams meetings directly from calendar reminders in Slack, using the Outlook or Google Calendar apps." The COVID-19 pandemic has seen an explosion in the use of work collaboration tools and video conferencing platforms.
LinkedIn makes tools freely available to firms fighting COVID-19
LinkedIn is to allow companies battling coronavirus to post jobs for free for the next three months. It said hospitals and nonprofits working on Coronavirus disaster relief and essential services (such as supermarkets, package delivery and warehousing companies) would be able to list mission critical jobs. It will also be tagging critical jobs and placing them "front and centre" on its homepage.
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Issue 15
Our April cover star is Innovation Group CTO Mike Hinton, who tells us how a digital-first approach is helping the company better serve the world's top insurers. Elsewhere, we drop in on an ICS.AI and Microsoft hackathon to see how AI is improving healthcare provision.