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Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020 (Washington Post) 14-09-2023

Washington Post: Day two of Google’s trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case Lees verder op Tech Meme

How Instacart CEO Fidji Simo helped find new revenue streams for the company, including via expanding its ads and software, which made $406M in H1 2023 revenue (New York Times) 14-09-2023

New York Times: How Instacart CEO Fidji Simo helped find new revenue streams for the company, including via expanding its ads and software, which made $406M in H1 2023 revenue  —  As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company. Lees verder op Tech Meme

Lenders allege that Indian edtech giant Byju's hid $533M in an obscure three-year-old hedge fund that once said its main place of business was an IHOP in Miami (Bloomberg) 14-09-2023

Bloomberg: Lenders allege that Indian edtech giant Byju’s hid $533M in an obscure three-year-old hedge fund that once said its main place of business was an IHOP in Miami  —  – New lender suit seeks to recover cash from Camshaft Capital  — Hedge fund was founded just three years ago, lenders say Lees verder op Tech Meme

Sources: Microsoft's proposal to unbundle Teams did not satisfy the concerns of EU antitrust regulators, who are readying a formal complaint against the company (Bloomberg) 14-09-2023

Bloomberg: Sources: Microsoft’s proposal to unbundle Teams did not satisfy the concerns of EU antitrust regulators, who are readying a formal complaint against the company  —  Microsoft’s recent proposal to split its Teams from a broader business software package and sell it to customers separately … Lees verder op Tech Meme

Munich-based Helsing, which makes software for European armies, raised €209M led by General Catalyst; Saab paid €75M for a 5% stake, implying a €1.5B valuation (Financial Times) 14-09-2023

Financial Times: Munich-based Helsing, which makes software for European armies, raised €209M led by General Catalyst; Saab paid €75M for a 5% stake, implying a €1.5B valuation  —  €209mn deal is latest example of sector defying VC downturn amid Ukraine war, and rising tensions between China and west Lees verder op Tech Meme

Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients (Alex Wilhelm/TechCrunch) 14-09-2023

Alex Wilhelm / TechCrunch: Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients  —  Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. Lees verder op Tech Meme

Pixis, which sells AI tools for marketing campaigns, raised an $85M Series C1 led by Touring Capital, taking its total funding to $209M, and reports $50M in ARR (Kyle Wiggers/TechCrunch) 14-09-2023

Kyle Wiggers / TechCrunch: Pixis, which sells AI tools for marketing campaigns, raised an $85M Series C1 led by Touring Capital, taking its total funding to $209M, and reports $50M in ARR  —  Pixis, an AI-powered platform for brands to monitor and orchestrate their marketing campaigns, today announced that it raised $85 million … Lees verder op Tech Meme