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Bug bounty giant HackerOne lands $49M, thanks to cloud adoption boon

TechCrunch

The company — which mediates between hackers finding security issues and companies keen to fix them — said its recent growth was driven by a rise in zero-day vulnerabilities like the flaw in the ubiquitous open source logging platform Log4j, which put the internet on notice ahead of the December holiday.

Cloud 228
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How Reliable Is Cable Internet? Here’s How Our Networks Are Performing

CableLabs

Starting in mid-March, the world experienced a sudden surge in internet usage driven by the widespread COVID-19 stay-at-home orders that caused many of us to switch to working and studying at home in a matter of days. Cable broadband networks not only withstood this sudden surge in internet usage; they excelled. percent of U.S.

Internet 135
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Jungle Ventures closes a $600M fund, bringing its total assets under management to over $1B

TechCrunch

Jungle Ventures was founded in 2012 by Amit Anand and Anurag Srivastava, launching with a $10 million debut fund. We’ve been investing with that philosophy since our inception in 2012. Returning backers include Temasek, IFC, FMO and DEG, while new LPs include StepStone Group.

Internet 220
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Nord Security, the startup behind NordVPN, raises its first-ever funding, $100M at a $1.6B valuation

TechCrunch

VPN usage has surged in the last several years, with growing concerns over data privacy and security — and sometimes completely different motivations like people wanting to access content otherwise blocked in their regions — driving an estimated 30% of all internet consumers globally to use a VPN at some point this year.

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Jumia reports 30% growth in value of goods sold on its platform during Black Friday season this year

TechCrunch

E-commerce in Africa is growing fast and its potential remains enormous as more people get connected to the internet. Black Friday sales on Jumia started in 2012 and run from the first Friday of November to the end of the month. Orders made during that period rose by 39 percentage points to reach 4.3

Report 225
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How to Raise First Dollars in a Difficult Market: The Venture Perspective

TechCrunch

Before joining Reach, Herrera served as a principal at Cowboy Ventures, where she focused on investing in consumer internet and marketplace companies. Mohnot previously served as vice president of business development at Groupon after a startup he founded, FeeFighters, was acquired by the company in 2012.

Marketing 238
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Indian logistics startup Xpressbees raises $110 million

TechCrunch

Xpressbees, an Indian logistics firm that works with several e-commerce firms in the country, said on Monday it has raised $110 million in a new financing round as online shopping booms in the world’s second largest internet market. Xpressbees started its journey within FirstCry, an e-commerce for baby products, in 2012.

Retail 262