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A ‘backdoor’ In Optergy Smart Building Tech Gets Maximum Severity Score

A ‘backdoor’ in Optergy smart building tech gets maximum severity scoreZack Whittaker / TechCrunch - 4 months ago
  • Homeland Security has given the maximum severity score for a vulnerability in a popular smart building automation system.
  • Optergy’s Proton allows building owners and managers to remotely monitor energy consumption and manage who can access the premises.
  • CISA, the government’s dedicated cybersecurity unit, said the device had serious vulnerabilities.
  • An advisory said an attacker could gain “full system access” through an “undocumented backdoor script.” This, the advisory said, could allow the attacker to run commands on a vulnerable device with the highest privileges.

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Retail Technology Platform Relex Raises $200M From TCV

Retail technology platform Relex raises $200M from TCVIngrid Lunden / TechCrunch - 8 months ago
  • Amazon’s formidable presence in the world of retail stems partly from the fact that it’s just not a commerce giant, it’s also a tech company — building solutions and platforms in house that make its processes, from figuring out what to sell, to how much to have on hand and how best to distribute it — more efficient and smarter than those of its competition.
  • Now, one of the startups that is building retail technology to help those that are not Amazon compete better with it, has raised a significant round of funding to meet that challenge.
  • Relex — a company out of Finland that focuses on retail planning solutions by helping both brick-and-mortar as well as e-commerce companies make better forecasts of how products will sell using AI and machine learning, and in turn giving those retailers guidance on how and what should be stocked for purchasing — is today announcing that it has raised $200 million from TCV.
  • Relex is not disclosing its valuation but from what I understand it’s a minority stake, which would put it at between $400 million and $500 million.

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UK Newspaper The Telegraph Goes All-in On Google’s Cloud

UK newspaper The Telegraph goes all-in on Google’s cloudMike Wheatley / SiliconANGLE - 8 months ago
  • Google LLC is highlighting some of the capabilities of its public cloud infrastructure after landing a major new customer: Telegraph Media Group Ltd., which publishes The Telegraph, one of the U.K.’s most popular newspapers.
  • The Telegraph said today it’s migrating its entire information technology infrastructure to Google Cloud Platform after using its G Suite productivity platform since 2008.
  • “We have always worked closely with Google as they help us to provide our readers with great experiences on our digital products, collaboration software and internet scale through search,” said The Telegraph Chief Information Officer Chris Taylor.
  • The newspaper said it believes that by running its operations on Google Cloud, it can deliver content faster, provide more compelling experiences for its readers and reduce its environmental footprint.

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Tableau Hits $841M In Annual Recurring Revenue, Up 41%, As Transition To Subscription Model Continues

Tableau hits $841M in annual recurring revenue, up 41%, as transition to subscription model continuesNat Levy / GeekWire - 8 months ago
  • Tableau is overhauling how it reports revenue under its subscription model, recognizing a greater percentage of revenue from contracts up front.
  • Revenue:  Under that new standard, Tableau reported revenue of $336.3 million in the fourth quarter.
  • Profits: Tableau reported net income of $52.2 million in the fourth quarter, or $0.59 cents per share.
  • Because of new revenue reporting standards, Tableau representatives said annual recurring revenue is the best way to measure the health of the business.

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Chinese E-commerce Challenger Pinduoduo Is Raising Over $1 Billion More

Chinese e-commerce challenger Pinduoduo is raising over $1 billion moreJon Russell / TechCrunch - 8 months ago
  • The price of competing with e-commerce giants Alibaba and JD.com is immense.
  • The company announced plans to sell 37 million shares in a move that will raise over $1 billion, going potentially as high as $1.25 billion if underwriters exercise their full share purchase option.
  • PDD went public in July when it raised $1.6 billion through a Nasdaq listing.
  • Founded in September 2015 by ex-Googler Colin Huang, it adds a social twist to e-commerce by offering discounts for shoppers who gang up with friends or family to make group orders.

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Reddit Raising $150M To $300M On $2.7B Valuation

Reddit raising $150M to $300M on $2.7B valuationDuncan Riley / SiliconANGLE - 8 months ago
  • According to an unconfirmed report published Tuesday by TechCrunch, the round will be led by Chinese internet giant Tencent Holdings Ltd., somewhat ironic given that Reddit was banned in China in August. Other investors in the round may include Sequoia Capital, Andreessen Horowitz and Y Combinator.
  • Founded in 2005 by University of Virginia students Steve Huffman and Alexis Ohanian, Reddit bills itself as the front page of the internet.
  • The site, a sort of amalgam between social networking a la Facebook and old-school online forums, was acquired by Conde Nast in 2006 before being spun off as a standalone company in 2011 on a $200 million valuation.
  • Despite being a private company that does not disclose figures, Reddit is believed to have 330 million monthly active users over 150,000 subreddits.

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India Is Proposing Rules To Target Chinese Social Media Apps

India is proposing rules to target Chinese social media apps CNBC - 8 months ago
  • If the law is passed, app owners will have to put in place "automated tools ...
  • Chinese apps such as video apps TikTok, Like and Helo have rapidly gained market share in India, with more of them taking over the top 10 most popular apps in the country's Android app store last year than in 2017, the report said.
  • CNBC contacted TikTok, Like, Helo and India's Ministry of Electronics and Information Technology for comments, but they did not immediately respond.

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Raisin Raises $114 Million From PayPal, Index, Others To Grow European Savings Marketplace

Raisin raises $114 million from PayPal, Index, others to grow European savings marketplacePaul Sawers / VentureBeat - 8 months ago
  • Raisin, the European fintech marketplace for savings and investment products, has raised €100 million ($114 million) in a series D round of funding from existing investors including PayPal, Index Ventures, Ribbit Capital, and Thrive Ventures.
  • This takes the company’s total amount raised to €170 million ($195 million), and follows its €30 million ($34 million) series C round back in early 2017 and an undisclosed strategic investment from PayPal that December.
  • Founded out of Berlin in 2012, Raisin leverages Europe’s banking regulations to allow anyone in the European Union to invest their money with any other bank in the bloc.
  • Initially, Raisin was only available to customers in its native Germany, but back in 2016 it expanded to create a Europe-wide savings marketplace that now spans 31 countries, allowing anyone to compare and contrast rates from different banks across the continent.

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Apple Wins Motion To Narrow Damages Qualcomm Can Claim At Upcoming Trial

Apple wins motion to narrow damages Qualcomm can claim at upcoming trial AppleInsider - 8 months ago
  • A federal judge has granted an Apple motion to limit the damages Qualcomm can claim in a patent trial slated to start next month in San Diego.
  • The latter will no longer be able to claim damages from before the suit was filed in 2017, Bloomberg reported on Tuesday.

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Embarrassing Message Begone: Facebook Messenger Now Lets You Turn Back Time

Embarrassing message begone: Facebook Messenger now lets you turn back timeJames Farrell / SiliconANGLE - 8 months ago
  • In the past, users could of course hit delete and the message would disappear from their own inbox, but that didn’t mean it was rubbed from the actual conversation for others.
  • There is a slight catch, however, in that users will only have ten minutes to make that decision.
  • The change is a consequence of a story broke by TechCrunch last year, which detailed how Chief Executive Mark Zuckerberg had given himself the executive power to change his mind and delete his own messages from other people’s eyes.
  • At the time, people had come forward and said that they had noticed that messages sent by Zuckerberg had mysteriously disappeared, showing to those people that there were holes in some conversations.

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Delivery Startups Are Using Tips To Fulfill Pay Promises, And Customers Are Mad

Delivery Startups Are Using Tips To Fulfill Pay Promises, And Customers Are MadCaroline O'Donovan / BuzzFeed - 8 months ago
  • Instacart customers are quitting the service because the company is using customers' predelivery tips to fulfill the base pay minimum it guarantees delivery workers.
  • Instacart customers who feel tricked by the grocery delivery company’s tipping policy are threatening to stop using the service.
  • Last week, customers were surprised to learn that Instacart uses customer tips to cover its guaranteed $10 per delivery minimum payment to drivers, which means that in some cases, the more a customer tips, the less the company has to pay.

XM Cyber Raises $22 Million To Automate Cybersecurity

Kyle Wiggers / VentureBeat - 10 months ago
  • There’s a reason that by 2021, the number of unfilled cybersecurity jobs worldwide is expected to reach 3.5 million.
  • That’s why Tamir Pardo — who served as chief of Mossad, Israel’s elite security intelligence service, between 2011 and 2016 — two years ago cofounded XM Cyber, a startup that claims to have pioneered the first platform capable of simulating, validating, and remediating advanced persistent threats (ATP) with artificial intelligence (AI).
  • XM Cyber CEO and cofounder Noam Erez said it’ll use the funding to “accelerate [XM Cyber’s] strong growth” through expanded sales, marketing, and engineering programs.
  • “In this era of hyper-sophisticated cybercrime, our solution demonstrates that organizations should be asking themselves [if their assets are secure], as there are a plethora of ways hackers can compromise them,” he said.

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Volkswagen Drivers Can Unlock Their Cars With Siri

Volkswagen drivers can unlock their cars with SiriJohnny Lieu / Mashable - 10 months ago
  • Volkswagen has introduced Siri integration on its Car-Net app, allowing owners to unlock and lock their cars with a voice command.
  • It works with Apple devices on iOS 12, and once you're logged into the Car-Net app, you can simply say, "Hey Siri, unlock my car," to do just that.
  • Additionally, there are new Siri Shortcuts which allow you to check estimated mileage with your current fuel level, or the amount of charge left in the vehicle.

Google Launches Squoosh, An Open Source Online Image Conversion App

Mark Wycislik-Wilson / BetaNews - 10 months ago
  • Google Chrome Labs has released a new online image conversion app by the name of Squoosh.
  • Showcased at the Chrome Dev Summit, Squoosh is not limited to working only in Chrome -- other browsers are also supported.
  • On the face of things, Squoosh is a pretty simple tool, but it works very well, and there are some powerful technologies working away in the background -- and there's no denying that it is fast.
  • You can reduce the physical dimensions of an image, reduce the color palette, and use a range of compression techniques.

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Google Goes Down After Major BGP Mishap Routes Traffic Through China

Google goes down after major BGP mishap routes traffic through ChinaDan Goodin / Ars Technica - 10 months ago
  • Google lost control of several million of its IP addresses for more than an hour on Monday in an event that intermittently made its search and other services unavailable to many users and also caused problems for Spotify and other Google cloud customers.
  • The leak started at 21:13 UTC when MainOne Cable Company, a small ISP in Lagos, Nigeria, suddenly updated tables in the Internet’s global routing system to improperly declare that its autonomous system 37282 was the proper path to reach 212 IP prefixes belonging to Google.
  • The redirections, BGPmon said on Twitter came in five distinct waves over a 74-minute period.

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Google Announces .dev Top-level Domain

Google announces .dev top-level domainKyle Bradshaw / 9to5Google - 10 months ago
  • Today was Day 1 of the 2018 Chrome Dev Summit, and among the other announcements shared, this one seemed to slip under the radar.
  • Back in 2015, Google caused some minor outrage in the developer community over their new rights to the .dev top-level domain, as many companies used .dev domains for internal testing websites.
  • Fast forward to today, Google is now opening .dev, which was previously a private, Google-only top-level domain, to the public starting early next year.
  • From February 19th through the 28th, an Early Access phase will take place, allowing registration at a higher cost.

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Red Hat Tightens Container Integration With Latest OpenShift Release

Red Hat tightens container integration with latest OpenShift releasePaul Gillin / SiliconANGLE - 10 months ago
  • The new version announced early today, which is based upon the OpenStack “Rocky” community version, improves integration with OpenShift, Red Hat’s own version of Kubernetes, and features better support for bare-metal deployments and improved automation.
  • OpenStack is Red Hat’s platform for organizations and service providers that want to run a hybrid cloud infrastructure consisting of common elements that run both on-premises and in public clouds.
  • “We’ve made it extremely simply to expand and integrate container workloads in the same application,” said Ron Pacheco, director of product management for Red Hat Enterprise Linux.
  • The new release reduces the number of overlay networks that are required for communication between “pods,” which are containers that share storage or network resources and common runtime specifications.

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Dorsey Says Twitter Is Thinking About An Edit Button To Fix Typos In Tweets

Dorsey says Twitter is thinking about an edit button to fix typos in tweets Ivan Mehta / The Next Web - 10 months ago

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Plans To Microchip UK Workers Spark Privacy Concerns

Plans to microchip UK workers spark privacy concernsAnthony Cuthbertson / The Independent - 10 months ago
  • The prospect of UK firms implanting their staff with microchips in order to improve security and efficiency has raised concerns among trade unions.
  • Several legal and financial firms in the UK are reportedly in discussions with a company responsible for fitting thousands of people with chips in Scandinavia.
  • The chips, which are about the size of a grain of rice, are usually implanted beneath the skin between the thumb and forefinger and use radio-frequency identification (RFID) technology to allow people to replace physical key cards, IDs and even train tickets.
  • Designed by Pierpaolo Lazzarini from Italian company Jet Capsule.

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IT Management Software Firm Apptio Acquired By Vista Equity Partners For $1.9B

IT management software firm Apptio acquired by Vista Equity Partners for $1.9BDuncan Riley / SiliconANGLE - 10 months ago
  • Slightly over two years since going public, information technology management software firm Apptio Inc. is going private again via a $1.94 billion acquisition from private equity firm Vista Equity Partners.
  • The deal will see Apptio shareholders receive $38 per share, a 53 percent premium to Friday’s closing price of $24.85.
  • According to Marketwatch Sunday, the price is below Apptio’s all-time closing high of $41.23 but is still above the price of shares over the longer term.
  • The agreement includes a 30-day “go-shop” period that allows Apptio’s board and advisers to consider alternative offers, meaning the Vista deal may not be final if another party offers a better deal.