A startup that’s helping big banks tackle one of the most vexing problems on Wall Street has landed $38 million in backing

REUTERS/Brendan McDermid Visible Alpha, a technology company that aims to help banks excel in a MiFID world, landed $ 38 million in a fundraise led by Goldman Sachs.  The firm counts a slew of Wall Street banks including Bank of America, Citi, and Morgan Stanley, as backers.    MiFID II, a European regulatory overhaul with […]

SoftBank has invested €460 million into a German car startup

Getty Japanese tech behemoth SoftBank has invested €460 million (£409 million) into used car marketplace Auto1, valuing the startup at €2.9 billion (£2.6 billion).  Founded in Berlin in 2012, Auto1 has sold hundreds of thousands of cars on its platform. Revenues in 2016 came in at €1.5 billion (£1.3 billion).  Backed by the likes of […]

Startup founders are older, more diverse, and don’t live in San Francisco

GUEST: For decades, Silicon Valley was the place to build a thriving tech career. Just like actors flock to Los Angeles and writers to New York City, eager young coders swarmed to San Francisco for their chance to make it big. Look no further than the popular HBO sitcom Silicon Valley. There’s a reason the Pied Piper […]

Cleveland founder shares what his startup community gets right and wrong

GUEST: I’ve had a front-row seat to Cleveland’s startup community for the past 12.5 years — as an early employee, founder, executive, educator, and member of various startup-oriented organizations. Things sure have changed since 2005, when there were no accelerators and very few investors and startup support organizations. Generally, back then technology startups were viewed […]

Volkswagen and Hyundai Entrust Startup with Their Autonomous Aspirations

– One of the most intriguing and tight-lipped startups building technology for self-driving vehicles said Thursday it has inked partnerships with two major global automakers. – Aurora Innovation, founded in late 2016 by some of the autonomous industry’s most influential leaders, said it is forming collaborations with Volkswagen and Hyundai in efforts to deploy driverless […]

ProBeat: Eve-Tech is the most interesting startup of 2017

OPINION: Countless tech startups break out in a given year. The majority fail. Of the ones that don’t, some are boring, some are copycats, and some are worth mentioning, but not necessarily highlighting. Just one startup stood out to me in 2017: Eve-Tech. To be clear, Eve-Tech was founded back in December 2013 (see this […]

Bitcoin startup NiceHash has a new CEO just weeks after hackers stole $63 million from the company

NiceHash The cryptocurrency mining startup NiceHash has replaced its CEO just weeks after a hacker stole $ 63 million worth of bitcoin from the company. Marko Kobal, the company’s ousted CEO, will sell his stake in NiceHash to an outside investor. Investor funds will also be used to reimburse NiceHash users for any bitcoin that […]