By Steve O'Hear
Wefox, the insurance platform that enables customers, insurance brokers and insurance providers to transact and manage insurance products digitally, has acquired One, a fully digital and newly launched insurance provider. Read More
Source: Tech Crunch
If you ask investors in Silicon Valley about Houzz — an app where you browse ridiculously nice homes and check out interesting interior design ideas — they’ll probably quietly mutter that they’re just growing their business. We really don’t hear about Houzz’s business that often. Except now the company says it has raised $400 million led by Iconiq Capital,… Read More
Source: Tech Crunch
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Virgin Media wants you to change your router password.
The company recently published guidance on how to do that for older router models after Which? magazine — a publication “known for testing household products” — found that Virgin Media routers weren’t so hard to hack.
Which? found that Virgin Media’s Super Hub 2 “can be hacked in a matter of days” if users don’t change the default password the devices come with. Once someone hacks into a router, that person can often get access to devices that use that router. Around 864,000 people apparently own a Super Hub 2. Read more…
More about Business, Business, and Cybersecurity
Source: Mashable Business
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A U.S. auto plant that once made giant gas-guzzlers will now make cars that don’t need gas at all.
AM General, which previously built the Hummer H2, sold its factory in South Bend, Indiana to the electric carmaker SF Motors, both firms announced Thursday.
SF Motors will pay $110 million to produce “intelligent electric vehicles,” according to publicly available filings. It will spend another $30 million to upgrade the 700,000-square-foot commercial assembly plant.
The company didn’t elaborate further on its plans for the factory, such as how many cars it will produce annually or what types of smart driving or electric-powertrain technologies they’ll use. But executives said the arrangement will preserve about 430 U.S. auto worker jobs that were at risk of disappearing. Read more…
More about Science, China, Tesla, Climate Change, and Automobiles
Source: Mashable Business
By Steve O'Hear
Not so long ago the administration needed to run a major construction project relied almost entirely on pen, paper, excel spreadsheets and faxes. That has provided a huge opportunity for startups to take a stab at digitising the construction industry. Brussels-based Aproplan, which bills itself as akin to “Salesforce for construction,” is one such company, and today is disclosing… Read More
Source: Tech Crunch
By Steve O'Hear
TrueLayer, a London startup that’s built a developer platform to make it easy for fintech companies to access bank APIs — and ride the PSD2 gravy train — has raised $3 million in Series A funding. Read More
Source: Tech Crunch
By Brian Heater
Nokia announced at Mobile World Congress back in February that it would be sunsetting the Withings brand this summer. After giving fans of the French connected health device maker sufficient time to mourn, the brand name is finally officially being removed from its existing product lines. All Withings products will be branded Nokia from here on out. The transition will be marked by a few… Read More
Source: Tech Crunch
By Anthony Ha
The Mode Media story refuses to end — following its abrupt shut down last year, the company’s assets have been acquired by wedding-focused advertising company BrideClick.
Mode previously operated lifestyle sites including Glam and Foodie, plus a larger ad network that it said reached 144 million unique visitors each month.
The financial terms of the deal were not disclosed, but… Read More
Source: Tech Crunch
By Jordan Crook
Yesterday, Amazon and Whole Foods ruined a perfectly slow news day on a Friday in June with the announcement that Amazon intends to buy Whole Foods for almost $14 billion.
The most obvious victim of the deal was Instacart, in which Whole Foods invested and with whom Whole Foods has a five-year contract.
But after talking to a few Instacart investors and other sources close to the company… Read More
Source: Tech Crunch
By Khaled "Tito" Hamze
Amazon bids to buy Whole Foods for $13.7 billion, Walmart buys Bonobos for $310 million, Mobike, a ride-sharing company in China, raises $600 million. All this on Crunch Report. Read More
Source: Tech Crunch
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