Tech

Booster, US startup, raised $20mln to pump your gas for you

Booster Fuels, which operates a mobile gas station that functions via smartphone, on Tuesday announced a $20 million round from existing investors like Conversion Capital, which led the round, along with Maveron, Madrona Venture Group, Version One, Perot Jain LP, and RRE Ventures. New investors include Stanford’s StartX Fund, BADR Investments, and U.S. Venture Inc. Total funding to date is now $32 million.

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Sweden’ s government involved in data breach, two ministers resign

Sweden’s government faces mounting political pressure over its handling of a huge leak by one of its agencies of sensitive data, including potentially the identities of covert defence and intelligence personnel on overseas missions.

What began as a scandal earlier this month over an IT outsourcing deal between the Swedish Transport Authority and IBM in 2015 has turned into a full-blown political crisis for the government as the extent of the confidential data leak has become known.

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Logitech beats forecasts with strong Q1

Logitech International today announced financial results for the first quarter of Fiscal Year 2018. The Q1 sales were $530 million, up 13% in constant currency compared to Q1 of the prior year, beating forecasts of $512 million in a Reuters poll. Logitech raised its outlook 2018 to 10% to 12% sales growth.

Net profit increased to $37 million, ahead of estimates of $26 million.

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MUSIC TECH STARTUP: PlumResearch focuses on data

Going out to the world with your product and building awareness is one of the most important things in building a startup, especially a b2b one.

MIDEMLAB is very industry focused and it’s hosted at MIDEM the leading music business conference in beautiful Cannes.

It’s very important for startups to attend these kind of events, but it’s even more important to choose wise – those industry focused that really matter. For me it’s music, video, tv, esports, research and big data. I don’t attend every event I get invited to, especially the massive ones about startups or business in general. You need to have a business focused approach to these conferences and use them to schedule meetings with potential corporate clients and partners that visit these industry focused events – it’s often the only way to get to talk to them as calls don’t work too good with enterprises as a first meeting.

Many early stage startups or aspiring entrepreneurs make the mistake and go to every conference possible, they of

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MUSIC TECH STARTUPS: The technology from Flat for students and general users

Pierre Rannou is CEO and founder of Flat, an online tool for music composition which, in a few words, could be compared to a Google Docs in the music sector. Users need to sign up on the website before they can create their first music sheets, compose and, if they want, invite friends to be able to compose in real time together.

«Of course you can create on your own, otherwise if you want to collaborate in real time with your friend you can just send a direct link to your composition and they’ll be able to share it with you.

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Hacker stole $7.4 mln in Ethereum during ICO

A mysterious cyberthief made off with $7 million in the cryptocurrency Ethereum on Monday after hacking CoinDash, a virtual currency trading platform, during its Initial Coin Offering and inserting a malicious address where digital investors were tricked into sending their funds.

In an official statement on its webiste, the CoinDash team wrote the platform apologized, admitting that a "hacking attack" took place during the event by an unknown perpetrator, resulting in the loss of millions in ethereum. And explaining the cyber attack, the statement said that more than 2,000 investors unknowingly sent their virtual money to the hacker, for a total of roughly 37,000 Ethereum, which equates to around $7 million.

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A Potential Reversal Pattern in the Biotech Sector

Biotechnology is defined as the use of living systems and organisms to develop or make products, or "any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use" (UN Convention on Biological Diversity). The recent dramatic improvements and progresses in research and achievements in this sector reveal a considerable potential for the improvement of the quality of life but also for the creation of economic value. Therefore, biotech can be considered as key industry for the century.

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