CRV, a more than 50-year-old venture firm, is returning to investors $ 275 million from its $ 500 million Select fund, which backs later-stage rounds of existing portfolio companies, the New York Times reported. The firm is one of the first Silicon Valley outfits to return committed capital to investors. (We reported yesterday that India’s […]
SpaceX disputes $633K FAA fine, citing ‘systematic challenges’ with agency
SpaceX sent a letter to top congressional leaders on Wednesday denying allegations that it violated its launch licenses on two separate occasions last year, which has resulted in regulators seeking $ 633,009 in penalties from the company. Instead, the company asserts that the inability of the Federal Aviation Administration’s Office of Commercial Space Transportation (AST) […]
US bans sale of Kaspersky software citing security risk from Russia
The U.S. government announced on Thursday that it is banning the sale of Kaspersky antivirus in the country, and is asking Americans who use the software to switch to a different provider. The Commerce Department’s Bureau of Industry and Security said it imposed the “first of its kind” ban, arguing that Kaspersky threatens U.S. national […]
Humane urges customers to stop using charging case, citing battery fire concerns
It’s fair to say the Ai Pin launch didn’t go the way Humane planned. This week, the well-funded startup is dealing with another on a long list of mounting issues. The company Wednesday issued an email requesting customers discontinue use of its egg-shaped charging case. The warning was issued “out of an abundance of caution,” […]
Fans Plead For Leniency For Singer Arrested Over DUI Charges Citing 10 Billion Won Donation
Kim Ho Joong, one of the biggest trot singers in Korea, was recently arrested for his involvement in a DUI incident. Kim Ho Joong, arrested | Yonhap The singer’s arrest came after an array of alleged attempts made by his team to cover up the crime, which has only muddied his image further in the […]