March Startup Funding: Money Springs Forth


Another month, another couple of billion-dollar rounds. Singapore-based Grab raised nearly $1.5 billion from the SoftBank Vision Fund, bringing its total private funding to more than $4.5 billion and valuing the company at around $14 billion. Grab has acquired Uber’s ride-hailing business in Southeast Asia and now competes chiefly with Go-Jek of Indonesia in Thailand and other emerging mar... » read more

Week in Review: IoT, Security, Auto


Cybersecurity Check Point Software Technologies reports that facsimile machines (yes, people still use them!) can be subject to hacking through vulnerabilities in their communication protocols. The HP Officejet Pro All-in-One fax printers and other fax machines can be compromised with a hacker only knowing a fax number, according to the company. Check Point Research says a design flaw in Andro... » read more

Week in Review: IoT, Security, Auto


Deals Arm acquired Treasure Data, which offers a data management service. Financial terms weren’t revealed, although the transaction is reportedly worth $600 million. Joyce Kim, Arm’s chief marketing officer, told reporters that the purchase is “the largest cash deal we’ve done.” Along with the company’s introduction of Mbed Cloud (a device management service) last year and the acq... » read more

Week in Review: IoT, Security, Auto


Cybersecurity Rambus signed a patent license agreement with Socionext, a designer of system-on-a-chip devices. Socionext will use Rambus technology in memory controllers, serializers/deserializers, and security applications. Netskope acquired Sift Security, adding 10 technical employees to its headcount of more than 500 people; financial terms weren’t revealed. Sift CEO Neil King was tapp... » read more

The Week in Review: IoT


Tools/Chips Synopsys rolled out a new release of its automotive exterior lighting design and analysis software. The tool calculations and generates images for multiple viewing directions and different lighting conditions. Lighting on vehicles has become far more complex than just shining a beam on the road. The latest technology can adapt to road conditions, other cars, and help illuminate the... » read more

The Week in Review: IoT


Finance Palo Alto, Calif.-based Armis raised $30 million in Series B funding, bringing total funding for the provider of enterprise Internet of Things security to $47 million. Red Dot Capital Partners of Israel led the round, joined by Bain Capital Ventures. Existing investors Sequoia Capital and Tenaya Capital also participated in the latest funding, which Armis will use to expand sales and m... » read more