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Energy Vault raises $110 million from SoftBank Vision Fund as energy storage grabs headlines
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Imagine a moving tower made of huge cement bricks weighing 35 metric tons. The movement of these massive blocks is powered by wind or solar power plants and is a way to store the energy those plants generate. Software controls the movement of the blocks automatically, responding to changes in power availability across an electric […]

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The SEC wants disgraced VC Mike Rothenberg to cough up more than $30 million
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Nearly three years ago, TechCrunch reported on suspected fraud committed by Mike Rothenberg, a self-described “millennial venture capitalist” who’d made a name for himself not only by eponymously branding his venture firm but for spending lavishly to woo startup founders, including on Napa Valley wine tours, at luxury boxes at Golden State Warriors games and, […]

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Cisco pays $8.6 million for selling surveillance system it knew was vulnerable
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Enlarge (credit: Cisco) Cisco is paying $8.6 million to settle claims that it sold a video-surveillance product the company knew made federal and state agencies vulnerable to serious hacking attacks. This is believed to be the first time a company has made a payout under a federal whistleblower lawsuit alleging failure to have adequate security […]

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32 million patient records were breached in the first half of 2019
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More than 32 million patient records were breached between January and June 2019. That's more than double the 15 million medical records breached in all of 2018, says healthcare analytics firm Protenus. According to the company, the number of disclos…

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With Y Combinator’s seal of approval, MyPetrolPump raises $1.6 million for its car refueling business
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Before even pitching on stage at Y Combinator,<a href=”https://mypetrolpump.com/”> MyPetrolPump, the Indian startup with a car refueling business has managed to snag $1.6 million in its seed financing. The business, which is similar to startups in the U.S. like Filld, Yoshi, and Booster Fuels, took ten months to design and receive approvals for its proprietary […]

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UK-based women’s networking and private club, Allbright, raises $18.8 million as it expands into the
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AllBright, the London-based women’s membership club backed by private real estate investment firm Cain International, has raised $18.8 million to expand into the U.S. The company’s new round was led by Cain International and was designed to take AllBright into three U.S. locations — Los Angeles, New York, and Washington. The company said that the […]

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Italy Stings Facebook With $1.1 Million Fine For Cambridge Analytica Data Misuse
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Italy’s data protection watchdog has slapped Facebook with a $1.1 million fine for violations of local privacy law attached to the Cambridge Analytica data misuse scandal. TechCrunch reports: Last year it emerged that up to 87 million Facebook users had had their data siphoned out of the social media giant’s platform by an app developer […]

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Netflix alternative Tubi passes 20 million monthly active users     – CNET
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Users of the free streaming service also watched more than 94 million hours of content in May, the company says.

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Postman raises $50 million to grow its API development platform
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Postman, a five-year-old startup that is attempting to simply development, tests, and management of APIs through its platform, has raised $50 million in a new round to scale its business. The Series B for the startup, that began its journey in India, was led by Charles River Ventures (CRV) and included participation from existing investor […]

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