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TraceLink, which helps pharma companies trace drugs through the supply chain, just raised $93 million

August 21, 2018 Alex 0

TraceLink, a nine-year-old, software-as-a-service platform for tracking pharmaceuticals and trying to weed out counterfeit prescription drugs in the process, has raised $93 million in Series D funding. Most of the money — $60 million — was used to buy primary shares, with another $33 million used to buy up the shares of previous shareholders.

Georgian Partners led the round round, with participation from Vulcan Capital and Willett Advisors, along with all of the company’s earlier investors. These include Goldman Sachs, whose growth equity arm had led the company’s $51.5 million Series C round last year, as well as FirstMark Capital, Volition Capital and F-Prime Capital.

As TC had reported at the time of that last round, TraceLink helps pharma companies comply with country-specific track-and-trace requirements through their supply chain, which has grown increasingly important following the passage of the Drug Supply Chain Security Act in 2013. The consumer-protection measure aims to p..

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Uber finally hires a CFO as it heads for an IPO

August 21, 2018 Alex 0

Uber’s search for a chief financial officer — and the person who will steer the company toward an IPO — is over. The ride-hailing company said Tuesday its new CFO is Nelson J. Chai, the former CEO of insurance and warranty provider Warranty Group.

Chai has the kind of experience Uber will need to navigate a successful IPO. Last year, Uber CEO Dara Khosrowshahi said an IPO for Uber was part of his plans. He targeted 2019 for the IPO.

The road to an IPO will require some financial belt-tightening, a role Chai would handle as CFO.

Uber reported August 15 a net revenue of $2.7 billion in the second quarter, an 8 percent increase compared to the previous quarter and 51 percent higher than the same quarter last year.

Uber recorded gross bookings, which is the total taken for all of Uber’s transportation services, of $12 billion, a 6 percent quarter-over-quarter increase and a 41 percent year-over-year increase. However, Uber also saw its losses grow to $404 million in the second quarter ..

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Facebook is removing over 5,000 ad targeting options to prevent discriminatory ads

August 21, 2018 Alex 0

Facebook announced this morning it’s making a change to how its ad targeting system works in order to tackle the misuse of its platform to discriminate and exclude audiences based on factors like ethnicity and religion. The company says it’s now removing over 5,000 ad targeting options that could have been misused to place discriminatory ads across its platform.

The news comes shortly after the U.S. Department of Housing and Urban Development (HUD) filed a new complaint against Facebook that accuses it of helping landlords and home sellers violate the Fair Housing Act. It says that Facebook’s ad settings disregard the law by allowing advertisers to target certain demographics.

“When Facebook uses the vast amount of personal data it collects to help advertisers to discriminate, it’s the same as slamming the door in someone’s face,” Assistant Secretary for Fair Housing and Equal Opportunity, Anna María Farías had said in a statement issued by the department.

Facebook responded by sayi..

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The Palette 2 lets any 3D printer output color

August 21, 2018 Alex 0

The Mosaic Manufacturing Palette 2 – an upgrade the original Palette – is a self-contained system for full color 3D printing. It works by cutting and splicing multiple filament colors and then feeding them through as the object is printed. The system uses a unique and internal cutter called the Splice Core that measures and cuts filament as it prints, ensuring the incoming filament can change colors quickly and easily.

The printer can out items in four colors and it can print any amount of any color. It extrudes excess color into a little object called a tower, allow it to print as much or as little of a color as necessary. It also has automatic runout detection which lets you print larger objects over a longer period.

It works with a number of current 3D printers and the printers require no real updates to use the Palette or its more robust brother, the Pro. A new piece of software called Canvas allows users to plan their color prints and send the instructions to both the Palette an..

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Google is rolling out a new Chrome design ‘across all operating systems’ next month

August 21, 2018 Alex 0

Google is preparing to release a new Chrome Material Design refresh next month. “Chrome Browser will have a new design across all operating systems,” reveals Google in its latest Chrome enterprise release notes. That new design will debut in the Chrome 69 release, which is currently scheduled to release on September 4th.

Chrome’s new desktop design will include a more rounded and whiter appearance, but the mobile version of Chrome has been majorly redesigned on iOS. Google is moving the navigation controls to the bottom of the screen, making it far easier to use in one hand or with an extra-tall display. You can already enable some of the changes in the current Chrome 68 release for both desktop and mobile.

Chrome 69 will also include W…

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Neo, a new ‘communal’ venture fund by Ali Partovi, has closed with $80 million

August 21, 2018 Alex 0

It happens every day of the week. People who’ve been successful in tech invest in who they believe could be the tech leaders of tomorrow.

Now a new fund called Neo is taking the idea to the nth degree. Started by serial entrepreneur, successful investor and half of Silicon Valley’s best-known and networked set of twins, Ali Partovi, Neo “identifies awesome young engineers, includes them in a community of tech veterans, and invests in companies they start or join.”

The conceit isn’t entirely new. Several years ago, Bloomberg Beta, the venture firm backed by the media and services giant Bloomberg, began a data-driven campaign to identify people who it suspected might eventually begin a company. The idea was to start a dialogue with those individuals, and continue it. The personal loans startup Upstart somewhat similarly began life as a way for investors to bet on individuals poised for success. (Investors on its platform would lend money to individuals in exchange for a percentage of t..

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Facebook assigns you a fake news flagging trustworthiness score

August 21, 2018 Alex 0

A new way to attack Facebook is to fraudulently report a news story as false in hopes of reducing its visibility, either because someone wants to censor it or just doesn’t agree with it. Sometimes known as “brigading”, a concerted effort by trolls to flag a piece of content can reduce its visibility. Facebook now sends stories reported as false to third-party fact checkers, and these purposefully inaccurate reports can clog the already-overcrowded queues that fact checkers struggle to worth through.

That’s why Facebook gives users a trustworthiness score ranging from 0 to1 dependon the reliability of their flags of false news, the Washington Post reports. If they flag something as false news but fact checkers verify it as true, that could hurt their score and reduce how heavily Facebook factors in their future flagging. If users consistently report false news that’s indeed proven to be false, their score improves and Facebook will trust their future flagging more.

Facebook’s News Fee..

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Apple could release an updated MacBook Air

August 21, 2018 Alex 0

According to a report from Bloomberg, Apple has been working on multiple new Macs. In particular, Apple could be planning to release a new entry-level laptop to replace the aging MacBook Air.

This isn’t the first rumor about a MacBook Air refresh. While Apple has released a 12-inch retina MacBook, it’s not nearly as cheap as the MacBook Air. It’s also not as versatile as it only has a single USB Type-C port.

And yet, the MacBook Air is arguably Apple’s most popular laptop design in recent years. Many MacBook Air users are still using their trusty device as there isn’t a clear replacement in the lineup right now. According to Bloomberg, the updated MacBook Air could get a retina display. Other details are still unclear.

After Apple updated the MacBook Air in March 2015, the company neglected the laptop for a while. It received an update in June 2017, but it was such a minor update that it looked like the MacBook Air was on life support.

It sounds like neither the entry-level 13-inch..

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Microsoft takes down six phishing domains linked to Russian election hackers

August 21, 2018 Alex 0

Microsoft has seized six phishing domains that belong to Russian government hackers, the company announced today. The domains were registered by Russia’s GRU intelligence agency, which is also alleged to have stolen and leaked emails from the Clinton campaign in 2016.

The domains appear to be aimed at spoofing government targets, including addresses like “senate.group” and “adfs-senate.email.” Others mimic the domains of the International Republican Institute and the Hudson Institute, which are conservative think tanks that have been critical of President Trump. Presumably, the group was intending to use the superficial similarity of the domains to aid in a phishing attack, sending malware-laced emails to targets masquerading as…

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Tinder is rolling out a college-only service, Tinder U

August 21, 2018 Alex 0

Tinder officially announced today that it’s launching a service called Tinder U, a version of Tinder that’s only available to college students. To log in to the feature for the first time, users must have a .edu email address and be geolocated on campus. The functionality is exactly the same as regular Tinder, although the UI looks slightly different: a badge depicting users’ universities will be displayed on their main profile image.

The service will be rolling out to iOS devices at four-year, accredited, not-for-profit schools in the US, Tinder says. Its parent company Match Group, Inc. first announced this product during its quarterly earnings call a couple weeks ago, when it also said Tinder accounted for most of the company’s…

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