Elastic teams up with Cmd to facilitate deep cloud workload visibility

Elastic NV, the company behind the Elastic Stack, has announced that it has agreed to buy Cmd, a Canada-based security company specializing in infrastructure detection and response. The move comes after Elastic’s recent announcement ....

U.S. to offer licenses to Huawei while purchasing smart car components

U.S. officials recently approved license applications for the Chinese blacklisted company Huawei, which is supposedly worth hundreds of millions of dollars, to purchase chips for its rising auto component business. Huawei has been shackled....

JD.com reports 32 Mn new users in Q2 2021 amid tightening regulations

Beijing-based e-commerce giant JD.com Inc. reportedly recorded 32 million new users in the second quarter of 2021 and recorded substantial growth in its marketplace and logistics divisions, despite the ongoing regulatory crackdown in China.....

Tesla might let other car brands employ its self-driving technology

The announcement was made during Tesla’s AI day. This move can be an effective source of revenue generation for Tesla. Tesla Inc. has recently announced that it might let other automakers use its self-driving technology. The elec....

Indian startups accumulated USD 6.5 billion in Q2 2021 alone: Report

The startup ecosystem in India has witnessed a boom in the recent decade and is likely to expand further over the coming years. According to a report by Nasscom-PGA Labs, the startups in the country have reportedly accrued funds worth USD 6....

Cars24 in talks to close USD 350 Mn funding round led by DST Global

Cars24, an e-commerce platform for pre-owned cars, is in discussions to close the USD 300-350 million funding round led by DST Global, and several new investors such as Carlyle Group, Falcon Edge, and SoftBank Vision Fund. According to sou....

Airline startup Breeze Airways bags USD 200Mn in Series B funding round

American airline Breeze Airways has announced securing USD 200 million in a Series B funding round led by accounts and funds handled by Knighthead Capital Management LLC and BlackRock Inc. The company aims to use the fresh funding to expand....

YouTube Premium members now get free access to Stadia Pro for 3 months

Tech giant Google announced that it is offering free access to Stadia Pro for YouTube Premium members, a move that could entice users to use the paid version of the popular video-sharing platform. The promotion, however, is currently only ....

GM to replace recalled Bolt EVs’ battery modules to minimize fire risks

General Motors will reportedly be replacing the battery modules installed in certain Chevrolet Bolt EVs that it had recalled last month, citing risks of fire. According to sources, the company had sent out notices to some owners saying the....

Japan economy records 0.3% growth in Q2 despite Delta-variant threat

After witnessing a contraction in the previous quarter, Japan's economy saw a 0.3% rise during the three months ended June, recording a higher-than-expected growth amidst the surge in coronavirus infections and imposition of new restric....