RAKUTEN, a €2.2 billion recapitalization that melts the stock market value
Japanese tech giant Rakuten is facing major financial challenges after its massive investment in building its own mobile network in Japan. This situation prompted the group to announce a recapitalization of 2.2 billion euros to strengthen its equity. A dilution welcomed by shareholders saw the company’s value fall 13.7% in the last two sessions on the Tokyo Stock Exchange.
Financial rating agency Standard & Poor’s (S&P) welcomed Rakuten’s proposed capital increase and a recent network sharing agreement between the group and another major mobile operator in Japan, KDDI. So far, Rakuten has used other levers to shore up its finances, including the IPO of its subsidiary Rakuten Bank last month.
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BREAKING NEWS:
Apple says it stopped more than $2 billion in app store fraud, suspended nearly 3.9 million stolen credit cards, removed more than 147 million fraudulent ratings and reviews, and shut down 428,000 developer accounts in 2022. This scam hunt is one of the pillars of Apple’s development strategy. In 2022, the Appstore generated $78.1 billion, 60 of which was donated to the publishers of the apps and services marketed by the Appstore.
Researchers have acquired 228 US police department phones acquired from PropertyRoom.com, an auction site that sells confiscated items once cases are closed. Their study shows that many phones have not been erased and do not have a PIN or password. In addition to the usual personal data, such as messages, photos, emails, and browsing history, the researchers found that from the 61 phones retrieved, there was a significant amount of crime-related data, including victim information…
The US is offering a $10 million reward for information leading to the arrest of Russian citizen Mikhail Matveyev suspected of involvement in the Babuk ransomware campaign
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TECHNICAL PERSONALITY
Every day we invite you to discover a tech personality. Today we meet HEDY LAMARR: a movie star who lit up technology
FUNDRAISING with the support of JUNTO, specialist for media performance.
FUNDRAISING ABROAD:
the startup huntress labs, The company, which specializes in cybersecurity platforms, has just closed a $60 million financing. Huntress’ solution combines automated detection tools and expert-led investigations to detect and neutralize hidden threats that elude traditional security solutions. The company is experiencing strong growth with more than 100,000 customers and 4,000 partners. Huntress has raised approximately $160 million to date, including $40 million in debt financing the company secured in September. Major investors include Sapphire Ventures Management LLC, Forgepoint Capital Capital Management and JMI Equity Management LP
ANYboticsa Zurich-based robotics company, has successfully raised $50 million in a Series B funding round. The investment was led by Walden Catalyst and NGP Capital
flow financea startup specializing in bitcoin brokerage, mining, wallet and custody services, raised $35 million in a Series B funding round. The investment was led by Kingsway Capital and Peter Thiel.
uradinea web infrastructure startup focused on decentralized application technologies, raises $81 million in Series A. The investment was led by Celesta Capital and Mayfield.
Hippocratic AI, a startup specializing in building a language model (LLM) specifically for the healthcare industry, has successfully raised $50 million in seed funding. The investment was co-led by General Catalyst and Andreessen Horowitz (a16z).
After purchasing the CRM solution customFor about $1 billion in 2022, Meta decided to divest it. Following that decision, Kustomer raised $60 million for a $250 million valuation.
FW MARKET
Chinese search engine BAIDU beat analyst estimates for the first quarter. Revenue increased 10% to about $4.5 billion while net income was about $834 million, in contrast to a net loss of about $13 million in the first quarter of 2022.
MOVEMENTS
- Damien Much, former head of Twitter France, joins the group BANIJAY I’m Chief Digital & Marketing Officer
- Christophe Parcot (formerly Ogury, Yahoo, Teads, …) joins the consulting company McKinsey I am Senior Advisor
- Shams Ejjaouani (Zendesk) rejoin Adobe as Marketing Director EMEA B2B
HAPPY BIRTHDAY!
- Nicolas Haltermeyer (Aldebaran)
- Jean David Chamboredon (Isai)
- Giuseppe de Martino (Loopsider)
- David Lacombled (The Villa Numeris)
LES PRECEDENTEN Good morning:
Listen to “Anthropic, the startup that makes its AI ‘constitutional’ and in compliance with Apple’s TOS…” on Spreaker.
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