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Citigroup’s VC arm invests in API security startup Traceable

Citigroup’s VC arm invests in API security startup Traceable

In 2017, Jyoti Bansal co-founded San Francisco-based security company Traceable alongside Sanjay Nagaraj, a former investor. With Traceable, Bansal — who previously co-launched app performance management startup AppDynamics, acquired by Cisco in 2017 — sought to build a platform to protect customers’ APIs from cyberattacks. Attacks on APIs — the sets of protocols that establish…

Bumble’s “Opening Move” feature takes the pressure off women to come up with a new message every time

Bumble’s “Opening Move” feature takes the pressure off women to come up with a new message every time

As Bumble prepares for its app relaunch this summer, the women-first dating platform announced a series of product updates on Tuesday, including a new feature that lets women prepare questions to send to matches, additional dating intention preferences and prompts, and more. Allowing women to make the first move has been Bumble’s modus operandi ever…

Change Healthcare hackers broke in using stolen credentials — and no MFA, says UHG CEO

Change Healthcare hackers broke in using stolen credentials — and no MFA, says UHG CEO

The ransomware gang that hacked into U.S. health tech giant Change Healthcare used a set of stolen credentials to remotely access the company’s systems that weren’t protected by multi-factor authentication, according to the chief executive of its parent company, UnitedHealth. UnitedHealth CEO Andrew Witty provided the written testimony ahead of a House subcommittee hearing on…

Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech

Ethiopian plastic upcycling startup Kubik gets fresh funding, plans to license out its tech

Kubik, a plastic upcycling startup, has raised a $1.9 million seed extension, months after announcing initial equity investment. The startup’s latest investment is from African Renaissance Partners, an East African venture capital firm; Endgame Capital, an investor with a bias for technologies around climate change; and King Philanthropies, a climate and extreme poverty investor. The…

The ‘valley of death’ for climate lies between early-stage funding and scaling up

The ‘valley of death’ for climate lies between early-stage funding and scaling up

Jonathan Strimling faced a dilemma. His company had spent nine years working on chemical processes that could turn old cardboard boxes into high-quality building insulation. The good news was the team had finally cracked it: CleanFiber’s technology pumped out insulation — really good insulation. It had fewer contaminants and produced less dust than other cellulose…