The Next Web (1 hour ago)
Bumble has agreed to be acquired by Ithaca Holdings in an all-cash deal valuing the dating app at about $1.3 billion, the companies said on Tuesday.
Read the full story on The Next Web.
In this Crunchbase News exclusive, we spoke to Marklo AI founder Jessica Herrin about her solution to the marketing problems she encountered when building earlier startups, and how a group of investors, led by Forerunner, are backing that early experience with a $5 million seed funding round.
Indian startup Scimplify has raised $25M led by Hitachi Ventures to supply specialty chemicals and critical materials outside China, with German customer Henkel joining as an investor. The new production network is going to the US and Japan, not Europe.
Complex, interconnected problems like compliance require a comprehensive product from the outset, argues guest columnist Daniel Kjellén, CEO and co-founder of Freda.
Scimplify’s annualized revenue run rate has tripled to $200 million as it eyes U.S. expansion.
A federal judge in San Jose hears two opposed motions on the same day, Apple’s request to stop OpenAI using anything taken from it and OpenAI’s request to throw the case out. Apple won part of its expedited discovery on Tuesday, and was refused part of it.
Banking regulators in the US and Europe are stepping up efforts to contain the risks AI poses to banks, Reuters reported, citing six people familiar with the matter. Some fear that cyberattacks or rogue AI agents could shake the financial system.
Britain’s online safety regulator, Ofcom, says it still has concerns about how well X removes illegal hate and terror content. This comes even though X is now reviewing these reports more quickly.
The US Justice Department has charged 14 people over a North Korean job scam, announced on Tuesday. North Korean IT workers used stolen names to get remote jobs at more than 70 US firms. The workers earned about $3 million, which went to North Korean groups under US sanctions, prosecutors believe.
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