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Grindr sold by Chinese owner after US raised national security concerns

TechCrunch LA

Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. based company, San Vicente Acquisition Partners. That ownership was later scrutinized by a U.S.

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Fintech VC Backing Dipped 13 Percent in 2016, Mirroring Rest of Tech

Xconomy

The final numbers on 2016 fintech funding deals are in from New York-based research firm and investment database CB Insights, and venture capitalists seem to be cooling on the industry. According to a report released today, financial technology companies around the world attracted $12.7 Fintech has seen a frothy flood of.

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Third-Quarter Report Shows Slowdown in VC Activity, & Top 10 Deals

Xconomy

Venture capital activity is gradually easing from last year’s peak, according to a new quarterly report put together by Seattle-based PitchBook and the National Venture Capital Association. VC firms invested $14.99 It was the fifth straight quarterly decline in the number of companies getting VC funding, according to the report.

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The Five Major Tech Trends of 2016

Xconomy

As we draw closer to the end of 2016, it is important that we take a moment to look back and reflect on all of the ways technology has inspired us, and transformed the way we live and do work. Meanwhile, biometrics has stepped out of the realm of sci-fi and into the mainstream, playing an important role in the fight against cybercrime.

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Seed-Stage Deals Show Growing Diversity of Agtech Investments

Xconomy

Fundraising is tough for startups but it’s particularly difficult in agriculture, a sector that has fewer firms focused on agtech investments. billion into the agriculture sector across 580 deals in 2016, the report shows. billion into the agriculture sector across 580 deals in 2016, the report shows.

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Technology Trends of 2016

Tech Zulu Event

Internet of things has been THE hot topic for the past couple of years and that trend continues into 2016 and beyond. Solving some of the problems that have been holding the IoT back from realizing its full potential are some of the most compelling technology trends to watch in 2016. Adaptive Security Architecture. In fact, the U.S.

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Edtech Venture Funding Down in 2016, But Still Tops $1B

Xconomy

While we’re looking at venture deal numbers from the past year , let’s consider the education technology industry, which isn’t broken out by sector in the general reports I’ve seen. billion (across 138 deals) in 2016. billion invested in 198 deals in 2015, according to EdSurge. The EdSurge report.

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