Insured losses from the SolarWinds breach will likely come in around $90 million, according to estimates from a pair of security companies, who claim insurers may have dodged “a catastrophic financial incident.” While newly minted partners BitSight and Kovrr expect the number of SolarWinds victims to grow in the upcoming months,
Tag: billion
After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy
SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal. Katerra’s shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank
Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion
The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The news came fresh off a Wall Street Journal report two weeks
KKR to invest $1.5 billion in India’s Reliance Jio Platforms
Magic Leap’s $2.6 billion bait and switch
Amazon to invest $1 billion to help digitize small businesses in India
Oscar Health now has 400,000 members and expects to bring in $2 billion by the end of 2020
Oscar Health, the upstart healthcare insurance company and technology developer, expects to have roughly 400,000 members insured under its healthcare plans, who collectively will bring in roughly $2 billion in revenue for the company by the end of 2020, according to slides of a presentation from the JP Morgan Healthcare
Visa is acquiring Plaid for $5.3 billion, 2x its final private valuation
Visa announced today that it is buying financial services API startup Plaid for $5.3 billion. Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and other financial information more easily. It’s the kind of service that
A billion medical images are exposed online, as doctors ignore warnings
This story was reported in partnership with health news site The Mighty. Every day, millions of new medical images containing the personal health information of patients are spilling out onto the internet. Hundreds of hospitals, medical offices and imaging centers are running insecure storage systems, allowing anyone with an internet connection and
$1 billion deal sends Armis to Insight Partners
Armis was acquired by the venture capital firm Insight Partners in a $1.1 billion cash deal. The five-year-old Armis, which specializes in enterprise-level IoT security, will operate as an independent entity under the direction of its two co-founders Yevgeny Dibrov, CEO, and Nadir Izrael, CTO and the current executive team. The acquisition also involved the VC firm CapitalG