Former Vice President Al Gore has invested $600 million of equity into U.K. energy startup Octopus Energy Group via his Generation Investment Management vehicle, taking a stake of approximately 13% in the business. The investment means Octopus has attained a valuation of around $4.6 billion. Octopus has made a name for itself in energy circles
Software as a service (SaaS) is hardly new, but this sector — pretty much the default business model for B2B and B2C startups — just keeps growing along with a rapidly expanding ecosystem. TC Sessions: SaaS 2021, a day-long focused look at the current state and future generations of SaaS, takes place on October 27
Investors are buying into a creator-led future, and Nas Academy wants to turn that creator influence into a broad network of “virtual universities.” The Singapore startup is building out a platform for creators to monetize their knowledge, giving them the tools to create their own classes and academies that fans can attend online. The platform
As regulation, platform dynamics and consumer choice continue to eat into the adtech stalwart known as cookies, it’s leaving a gap in the market for advertising solutions that can work well without relying on cookie functionality. Today, an adtech out of Spain that’s doing just this has raised a big round of funding to double
Shipping and cargo services is one of the more fragmented and analogue verticals in the world of industry, with hundreds of thousands of businesses involved in myriad aspects of a process that is fundamentally physical (not digital) by its nature. Today, a company called PayCargo, which built a platform to bring one key aspect of
Kaiser Permanente, the largest nonprofit health plan provider in the United States, has disclosed a data breach that exposed the sensitive health information of almost 70,000 patients. In a notice to patients on June 3, Kaiser revealed that someone gained access to an employee’s emails at the Kaiser Foundation Health Plan of Washington on April
Andrea D’Ambra Contributor Andrea D’Ambra is a partner in Norton Rose Fulbright’s New York office and the U.S. head of Technology and the U.S. head of eDiscovery and Information Governance. Susana Medeiros Contributor Susana Medeiros is an associate in Norton Rose Fulbright’s New York office and member of the information governance, privacy and cybersecurity group
Credit card rewards often play a significant role in attracting users to a particular card over its peers. But for young fintech companies newer to card issuance, setting up an attractive rewards program from scratch can be onerous, requiring the issuer to negotiate with individual retail partners and manage the complexities of integration case by
Microsoft today announced an update to its translation services that, thanks to new machine learning techniques, promises significantly improved translations between a large number of language pairs. Based on its Project Z-Code, which uses a “spare Mixture of Experts” approach, these new models now often score between 3% and 15% better than the company’s previous
Hello and welcome to Daily Crunch for Monday, January 31! We’re putting a bow on the first month of the year today, but that doesn’t mean we’re looking back. Not at all. First, news is popping off like firecrackers. And, we’re looking ahead because we’re doing a lot of really fun live podcasting this year.