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Chinese-backed and Africa-focused fintech platform OPay is in talks to raise up to $400 million, The Information reported today. In 2018, Opera, popularly known for its internet search engine and browser, launched the OPay mobile money platform in Lagos. Opera’s Africa fintech startup OPay gains $120M from Chinese investors.
A new report from Endeavor Nigeria reveals that Africa’s digital economy and tech ecosystem is set to experience exponential growth periods. The report is dubbed “The Inflection Point: Africa’s Digital Economy is Poised to Take Off.”. The organization’s report intends to shed more light on Africa’s market dynamics.
The company counts SoftBank, Tiger Global, Times Internet, The Carlyle Group, Steadview Capital and Addition among its backers. Delhivery falls to all-time low after muted growth report by Manish Singh originally published on TechCrunch. The tumble has pushed the market cap of Delhivery to below $3.4 Image Credits: Yahoo Finance.
Throughout 2024, China-nexus adversaries demonstrated increasingly bold targeting, stealthier tactics, and more specialized operations, CrowdStrike stated in its 2025 Global Threat Report. In addition to telecom operators, the group has also targeted professional services firms.
Speaker: Mike Cramer, Director of HIPAA & Data Security at The Word & Brown Companies
If your organization stores data and is connected to the Internet, it is not a matter of “if” a cyber-security incident will happen, but “when.” IBM reported that the total damage from data breaches in 2021 was 4.24M USD (up from 3.86M USD in 2020), easily the highest aggregated amount on record.
Christine and Haje The TechCrunch Top 3 Game on : Amazon is in talks to acquire Indian video streaming giant MX Player from Times Internet, Manish reports. Here’s a few of the stories worth taking a closer look at, though: Ka-ching : Catherine reports that Sequoia Capital Southeast Asia backs cross-border payments startup Tazapay.
Gcore , the global edge AI, cloud, network, and security solutions provider, today announced the findings of its Q3-Q4 2024 Radar report into DDoS attack trends. The report reveals a significant escalation in the total number of DDoS attacks and their magnitude, measured in terabits per second (Tbps).
When Brightspeed launched in 2022, the fiber broadband internet service had ambitious goals, acquiring a service territory encompassing more than 6.5 Rather than end-of-day payment reports, workers are able to receive updates either in real-time or hourly. million locations in mainly rural and suburban communities in 20 U.S.
Another news report dated 2016 shows Jain as the Founder and CEO of AiNET, which “designs, constructs, operates, and supports Internet data centers, optical fiber networks, and easy-to-understand cloud solutions. His LinkedIn profile also says Jain is the founder of AiNET and claims the company’s data centers are Tier 4 certified.
[We have] a difference of opinion because he thinks oh, the data person should be a business person, and not report to the CIO, Davenport said. If a CIO is quite focused on business transformation, I think that its far better to have all these subsidiary functions reporting to him or her. Whats the business value?
Throughout 2024, China-nexus adversaries demonstrated increasingly bold targeting, stealthier tactics, and more specialized operations, CrowdStrike stated in its 2025 Global Threat Report. In addition to telecom operators, the group has also targeted professional services firms.
As an early-stage reporter, I honestly bet a lot on the potential of a savvy edtech founder or creative marketplace play. All Raise, a nonprofit dedicated to increasing the footprint of women founders and funders, has released its annual report for 2020. To quote Winnie CEO and co-founder Sara Mauskopf, “Internet is the new Miami.”
Creating a world that is safer and more secure is core to our vision at Palo Alto Networks, but this only can be achieved if we’re collectively making the internet, as a whole, safer. The proposed new guidelines would require companies to report these “covered cyber incidents” within 72 hours (or 24 hours after a ransomware payment).
GenAI is a megatrend that rivals the evolution of the internet itself – and it is set to transform global enterprises and entire industries. NTT DATA’s landmark Global GenAI Report underscores how the technology is gaining momentum. The report identifies that most CEOs view GenAI as transformational. There is no going back.
While expanded internet access drives digital growth and opens opportunities for the adoption of more digital solutions, challenges remain in meeting the continents connectivity needs. It launched a Regional Information Infrastructure Project, enabling access to the international internet backbone through undersea cables.
TechCrunch reported in late October that the three-year-old Inrupt was in talks to raise between $30 million to $50 million. This approach allows consumers to take control of their data while giving governments and companies — and their app developers — a more seamless transition into a new internet era and regulatory regime (e.g.,
GenAI is a megatrend that rivals the evolution of the internet itself and it is set to transform global enterprises and entire industries. NTT DATAs landmark Global GenAI Report underscores how the technology is gaining momentum. The report identifies that most CEOs view GenAI as transformational. There is no going back.
The Zscaler ThreatLabz 2025 VPN Risk Report with Cybersecurity Insiders draws on the insights of more than 600 IT and security professionals on the growing risks and operational challenges posed by VPNs. Below, this blog post discusses three key findings from the report underlying these critical shifts.
A once in a generation opportunity Mayorkas explained the need for the framework in a report outlining the initiative, “AI is already altering the way Americans interface with critical infrastructure. Hopefully, we will see this framework continue to evolve.”
AI will become accessible and ubiquitous When the internet first arrived, early adopters needed to learn HTML if they wanted to have a website, recalls Rakesh Malhotra, principal at Ernst & Young. Users needed modems and special software and accounts with internet providers. Now you just type in the word youre looking for, he says.
He urges CIOs to use all available visualization tools to educate the board on AI and explain how generative AI processes data, much of which comes from the often inaccurate or unreliable public internet. Learn about Nutanix’s AI platform, GPT-in-a-Box , and the latest IT industry trends in the 2024 Enterprise Cloud Index report.
In 2022, McKinsey published a report called, The data-driven enterprise of 2025. The report highlighted seven key characteristics of successfully data-driven companies, each of which lands firmly on the desks of CIOs, who are expected to provide leadership for the data-driven enterprise. Telehealth is a great example.
Indian logistics startup Delhivery seeks to raise about $998 million in its initial public offering, the startup said in a filing with the local regulator, joining a number of other tech startups in the world’s second-largest internet market to explore the public markets. The Gurgaon-headquartered firm has raised $1.37
According to a new IDC report , 98% of business leaders view AI as a priority for their organization and the research firm expects AI to add $20 trillion to the global economy through 2030. It’s like the early stages of the internet where only a small group of engineers and tech enthusiasts knew how to get value out of it.”
billion in the South Asian market since inception, TechCrunch reported last year. But the country’s burgeoning startup ecosystem has seen very few exits and many consumer internet startups that listed in the past two years are trading significantly below their listing prices.
Spinny, a Gurgaon-based startup that operates a platform to facilitate the purchase and sale of used cars , is the latest firm to become a unicorn in the world’s second-largest internet market. Indian news outlet Entrackr first reported about the funding round. billion post-money, the source said.
fintech funding since 2018, according to CB Insights’ State of Fintech 2022 Report. This is due to increased access to technology in the region such as mobile devices and internet connectivity,” she wrote via email. Other interesting tidbits from the report: Insurtech M&A exits surged by 40% in 2022 to 81, up from 58 in 2021.
fizzle : Despite the myriad of news and new revenue streams we’ve reported about Snap right here in this newsletter, Evan Spiegel said the words no tech employee wants to hear right now: “ restructuring our business.” Amanda reports that this unfortunately means cutting 20% of staff. Snap, crackle and. You can sign up here.).
Pointing fingers : Carly and Zack report that a data breach has Atlassian and Envoy briefly blaming each other for what went down that led to thousands of Atlassian employees having their data exposed. investors who purchased the digital assets Terra USD and Luna, Kate reports. cities safer, starting with New York, Haje writes.
There have been rare cases in the past, for instance, when Rocket Internet had to include Jumia’s financials in its yearly reports after going public. “Our annual report will be released in the second quarter after our financial audit has been concluded.
billion in 2028, according to a market analysis report by Grand View Research. . ScreenShot | AIMMO website. The global data collection and labeling market size was valued at $1.6 billion in 2021 and is projected to reach $8.2 The Korea-headquartered startup has offices in the U.K, Japan and Vietnam.
to go public, Starry Group Holdings, an internet service provider, said that it filed for bankruptcy in efforts to reduce its debt while maintaining customer and network operations in five cities, Christine reports. This turns NFC-enabled Android devices into payment terminals, Ingrid reports. Go long or go short? More stories!
Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet penetration.
Latch’s hardware works with doors, sensors and internet connectivity. Up front, Latch is not a company that is only reporting future revenues. Per the deal’s reported terms, Latch will be worth $1.56 million on a post-money basis, according to PitchBook data. It has a history as an operating entity. ”
Jagmeet and Manish report that the tech company today relaunched Street View in India. onshoring chip production : One surefire way to make something happen is financial incentives, and Brian reports how the U.S. Today, Ingrid reports that Seedtag, an adtech startup based in Spain, is doing just that. 52 billion for U.S.
This is incredibly sad for your friendly, local TechCrunch+ reporting crew who love an S-1 more than anything else. In its State of the Markets report for the first half of 2023, SVB predicted that the market for “U.S. VC-backed tech IPOs will likely remain dormant in H1 2023.”
The report found that95% of organizations have experienced an attack originating in the browser; 94% have experienced a phishing attack. The report reveals: Visibility shortcomings 64% of encrypted traffic in participating organizations goes uninspected; 65% of organizations dont have control over the data that is shared in AI tools.
While working in IT, Felix Ayque began compiling cyclone reports and sending them as email alerts to communities. He began creating cyclone reports on his own as a consultant after Typhoon Haiyan in 2013, also known as Super Typhoon Yolanda, which killed at least 6,300 people in the Philippines.
Inspired by the spike in attacks on cybersecurity agencies globally, a report from Reposify assessed the state of the cybersecurity industry’s external attack surface (EAS). According to the report, the rise of remote access sites saw 89% of identified assets classified as part of the unofficial perimeter.
Substack, a venture-backed subscription media platform popular with writers and known for its email service, has collected more than $5 million in pledges for an extension to its Series B from its community and the internet at large. Reporting from the time indicated that its expectations were in the $750 million to $1 billion range.
Last month, TechCrunch reported on Rebellions closing on $50 million in funding that valued the company at an estimated $283 million. billion in 2021, per the AI chip market outlook report. . “AI South Korean AI chip developer Rebellions has raised a $22.8 The global AI chip market is projected to reach $194.9
An agreement among a group of the nation’s largest banks to deposit some $30 billion with First Republic Bank could save its bacon, Christine reports, and over on TC+, Ram breaks down everything you need to get caught up on the SVB crisis. A hot cuppa : Brian reports that Ember is in the baby bottle business now. billion raise.
The fallout began in May when Progress disclosed a zero-day vulnerability in MOVEit Transfer, its managed file transfer service used by thousands of organizations around the world to move large amounts of often-sensitive data over the internet. were attributed to government and military entities.
of iCar Asia from Malaysia internet conglomerate Catcha Group. A day after Carro’s announcement, DealStreetAsia reported that Carsome is in talks to raise over $200 million in a pre-IPO round. Carsome has agreed to acquire 19.9% In exchange, Catcha Group will become a shareholder in Carsome Group.
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