Cambridge Uni graphene spin-out bags $16M to get its first product to market

Cambridge, UK based graphene startup, Paragraf, has closed a £12.8 million (~$16M) Series A round of funding led by early stage VC  Parkwalk. Also investing this round: IQ Capital Partners, Amadeus Capital Partners and Cambridge Enterprise, the commercialisation arm of the University of Cambridge, plus several unnamed angel investors.  The funding will be used to […]

Negative? How a Navy veteran refused to accept a ‘no’ to his battery invention

Decades ago, a young naval engineer on a British nuclear submarine started taking an interest in the electric batteries helping to run his vessel. Silently running under the frozen polar ice cap during the Cold War, little did this submariner know that, in the 21st century, batteries would become one of the biggest single sectors […]

‘World’s first Bluetooth hair straighteners’ can be easily hacked

Here’s a thing that should have never been a thing: Bluetooth-connected hair straighteners. Glamoriser, a U.K. firm that bills itself as the maker of the “world’s first Bluetooth hair straighteners,” allows users to link the device to an app, which lets the owner set certain heat and style settings. The app can also be used […]

Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation

When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be one of the biggest, with the World Bank estimating that $529 billion was sent in and out of lower-income countries in 2018, up 9% over […]

Italy stings Facebook with $1.1M fine for Cambridge Analytica data misuse

Italy’s data protection watchdog has issued Facebook with a €1 million (~$1.1M) fine for violations of local privacy law attached to the Cambridge Analytica data misuse scandal. 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 working […]

Assistive technologies will be a $26 billion dollar market, and investors are only now addressing it

Rohan Silva is obsessed with social mobility and why certain groups are so under-represented in the technology industry. He co-founded Second Home, a coworking space looking to bring together disparate civic-minded, cultural, creative and commercial entrepreneurs at sites in Lisbon, London and (now) Los Angeles, and he has spent years examining how gender, race and class […]

TransferWise’s new debit card for the US fires the starting gun on a new war for travelers

International money transfer service TransferWise, has made a significant incursion into the US market today, launching a MasterCard debit card alongside a multicurrency account. Mirroring the card it has already launched in the UK and Europe last year, the card will work in over 40 currencies without balance limits, and conversion fees will be competitive […]

Facebook makes another push to shape and define its own oversight

Facebook’s head of global spin and policy, former UK deputy prime minister Nick Clegg, will give a speech later today providing more detail of the company’s plan to set up an ‘independent’ external oversight board to which people can appeal content decisions so that Facebook itself is not the sole entity making such decisions. In […]

Facebook and eBay told to tackle trade in fake reviews

Facebook and eBay have been warned by the U.K.’s Competition and Markets Authority (CMA) to do more to tackle the sale of fake reviews on their platforms. Fake reviews are illegal under U.K. consumer protection law. The CMA said today it has found “troubling evidence” of a “thriving marketplace for fake and misleading online reviews.” […]

Behavioural advertising is out of control, warns UK watchdog

The online behavioural advertising industry is illegally profiling internet users. That’s the damning assessment of the U.K.’s data protection regulator in an update report published today, in which it sets out major concerns about the programmatic advertising process known as real-time bidding (RTB), which makes up a large chunk of online advertising. In what sounds […]