Tech News

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  1. On the heels of Hyundai becoming the latest investor in Ola, today another key deal was revealed that underscores Hyundai’s ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. While companies like […]
  2. FlexClub, a South African startup that matches investors and drivers to cars for ride-hailing services, closed a $1.2 million seed round led by CRE Venture Capital. The company will use the financing to add team members and expand off the continent through a partnership with Uber Mexico. The move comes as Africa’s tech-transit space continues […]
  3. A turbulent 2018 for China’s gaming market hasn’t held back newcomers. Bytedance, the world’s most valuable startup behind a collection of rising new media apps including TikTok and Jinri Toutiao, is making a further push into video games after it took control of a mobile game developer through a roundabout deal. According to a business registration […]
  4. Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56 […]
  5. Google is holding a press event at the Game Developers Conference today in San Francisco. The conference starts at 10 AM Pacific Time, 1 PM Eastern Time, 5 PM in London and 6 PM in Paris. While many game companies rely on Google Cloud Platform for their server and infrastructure needs, today’s conference is going […]
  6. Facebook released new figures about its attempts to stop the spread of videos after a shooter livestreamed his attacks on two Christchurch, New Zealand mosques last Friday, killing 50 people. In a blog post, Facebook vice president and deputy general counsel Chris Sonderby said that the video was viewed less than 200 times during the […]
  7. Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale, while the fund is called Axeleo Capital. And it’s important to mention […]
  8. Several Sprint customers have said they are seeing other customers’ personal information in their online accounts. One reader emailed TechCrunch with several screenshots describing the issue, warning that they could see other Sprint customers’ names and phone numbers. The reader said they informed the phone giant of the issue, and a Sprint representative said they […]
  9. Netflix CEO Reed Hastings said during a Los Angeles press event tonight that it will not be part of the streaming video service Apple is expected to unveil next week at its Cupertino headquarters. While it will have original content, Apple’s service will most likely initially focus on third-party content, competing against Amazon Channels with […]
  10. Tesla CEO Elon Musk is in blatant violation of a settlement agreement reached last year over securities fraud allegations, the U.S. Securities and Exchange Commission said in a biting response to the court that argued the billionaire entrepreneur be held in contempt. The response, which was filed late Monday, is the latest salvo in the […]