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AI shopping assistant Karma raises $25 million in Series A funding led by Target Global

TechCrunch

AI shopping assistant and shopping network Karma announced that it has raised $25 million in Series A funding led by Target Global followed by MoreTech Ventures, with participation from existing investors including NFX and Altair Capital. The company now employs nearly 60 people across Tel Aviv, Minsk, Belarus and the U.S.,

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After ‘protestware’ attacks, a Russian bank has advised clients to stop updating software

The Verge

Though framed in general terms, the announcement was likely made in reference to an incident that took place earlier in March, where the developer of a widely used JavaScript library added an update that overwrote files on machines located in Russia or Belarus.

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Daily Crunch: Ransomware group threatens to release Nvidia’s ‘most closely guarded secrets’

TechCrunch

Apple Maps is back to noting that Crimea is not part of Russia in most of the world; Microsoft is halting sales in the country ; Airbnb is suspending operations in Russia and the co-belligerent Belarus. The corporate venture world is not the only place where we’re seeing more funds pop up. In response? Russia blocked Facebook.

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Spotlight on Social Media, Crowdsourced Translation, Egyptian Protests and Diplomacy

Beth's Blog: How Nonprofits Can Use Social Media

A new book, “The Net Delusion: The Dark Side of Internet Freedom,” by a young Belarus-born American scholar, Evgeny Morozov , has made the case most provocatively, describing instance after instance of strongmen finding ways to use new media to their advantage. From Crisis Mapping Egypt: Collection of Maps.

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Daily Crunch: Citing ‘uncertain mortgage market,’ Better.com rolls out employee buyout plan

TechCrunch

Productsup wants to help retailers decipher this complex and fragmented world with some marketing and sales tools you can manage from one place. This follows its move of stopping shipments to customers in Russia and Belarus.

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Zenly is still hugely popular, so why’s Snap shutting it down?

TechCrunch

Snapchat’s parent Snap became the latest tech company to announce a huge round of layoffs, confirming ongoing rumors yesterday that it was cutting 20% of its global workforce , affecting at least 1,200 people. Additional figures provided to TechCrunch from Data.ai Zenly iPhone downloads for Japan on August 19, 2022.

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Locals share why Vilnius, Lithuania is becoming an international startup hub

TechCrunch

In addition, the oppressive regime in nearby Belarus has provided an influx of significant tech companies, such as Wargaming, as well as the associated talent. I think local tech investors are taking more risks and becoming global scene players. What is the investment scene like in your city? What’s their focus? every year.

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