News

Investments
CyberVadis Raises $7.5 Million for Third-Party Cyber Risk Management Platform
May 23, 2023

CyberVadis has raised 7 million euros (about $7.5 million) to grow its Third Party Cyber Risk Management platform. “Breaking news! We have raised €7M in Series A funding to scale our #thirdpartyriskmanagement program and truly secure organizations’ global supply chains,” CyberVadis said in a Tuesday...

Social Commerce
TikTok Giving Oracle Code Access Amid Security Concerns
May 23, 2023

TikTok is reportedly giving Oracle access to its technology to ease national security concerns. According to a report Monday (May 22) by Bloomberg News, the Chinese-owned social media giant will give Oracle, a cloud computing firm, access to its algorithm, source code and content moderation...

Retail
Retailers’ Return Fees Risk Foot Traffic Incentives vs Disincentives to Buy
May 23, 2023

Retailers charging fees for returns walk a tightrope. On the one hand, fees levied when customers decide not to keep what they’ve bought help offset the costs of handling those returns — the shipping, handling and restocking. And let’s say a shopper ordered several pairs...

Investments
Builder.ai Raises $250 Million Amid Surge in AI Investments
May 23, 2023

London’s Builder.ai has raised $250 million to expand its artificial intelligence (AI)-powered software platform. The Series D funding round was led by the Qatar Investment Authority and will allow the company to invest in talent, partnerships and technology, according to a Tuesday (May 23) press release. Builder.ai said in the release...

Artificial Intelligence
Generative AI Fabrications Are Already Spreading Misinformation
May 23, 2023

As buzz around generative artificial intelligence (AI) grows, critics have called for more guardrails. Observers are particularly worried about the potentially harmful effects of the landmark technology’s ability to generate entirely false, or synthetic, media — be it images, text, video and more. On Monday (May 22), an...

B2B Payments
Stytch Launches Authentication Solution for B2B Products and Applications
May 23, 2023

Stytch has added B2B authentication to its platform that already provides B2C authentication. This new offering enables businesses to add authentication to their B2B products and applications without having to build it themselves, Stytch said in a Tuesday (May 23) press release. “Our goal is...

Investments
QED Raises $925 Million Amid ‘Difficult Market’
May 23, 2023

FinTech-focused venture capital firm QED Investors has closed two funds worth $925 million. The funds, announced Tuesday (May 23), consist of an early stage fund worth $650 million and a $275 million early growth-stage fund. This brings the total funds under management by QED to...

B2B Payments
Avalara Unveils eInvoicing Compliance Solution for Multinational Businesses
May 23, 2023

Avalara has unveiled a new tool to help multinational businesses streamline their compliance with eInvoicing mandates. The new Avalara E-Invoicing and Live Reporting is a compliance application programming interface (API) that provides a centralized solution for compliance with the growing number of country-specific eInvoicing initiatives, Avalara said in a Tuesday...

Retail
Walmart Enters Pet Telehealth Space With Pawp Deal
May 23, 2023

Walmart is the latest player in the up-and-coming pet telehealth sector. The company has agreed to provide Walmart+ members a free year’s subscription to veterinary telehealth platform Pawp, according to published reports. The deal, expected to be officially announced Tuesday (May 23), comes as Walmart is using its Walmart+...