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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

Around the turn of the century, Autonomy Corporation was one of the darlings of the UK technology industry, specializing in knowledge management and enterprise search. Rather than selling software to customers, HP said, Autonomy had been selling them hardware at a loss, then booking the sales as software licensing revenue.

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YC-backed Curacel unveils new API platform that enables tech-led businesses to offer insurance

TechCrunch

Curacel , the YC-backed startup that is developing insurance infrastructure for the African market, has launched a new interface that allows digital businesses like those in retail, fintech, e-commerce and logistics to add insurance to their core products. Insurance companies were losing a lot of money to fraud.

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A tool for analyzing face-to-face sales pitches lands funding from UiPath co-founder

TechCrunch

So much software is dedicated to helping businesses improve interactions online, whether it be aimed at sales, marketing or customer service. But despite the prevalence of the internet and an increase in digital commerce, the fact remains that over 85% of commerce still happens offline in the United States. .

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Battery Ventures Sees AI’s Massive Impact On Tech, And It’s Here Already

Crunchbase News

Battery has made investments in Arize , Weaviate and Galileo in technologies that assist companies with model management and performance. The impact of AI is also being immediately felt in areas of the economy that have traditionally been further removed from deep tech innovations, he noted. billion that same month.

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Fintechs in Africa continue to overshadow all other startups in funding gained

TechCrunch

The year 2021 saw more and bigger deals closed in Africa, as tech startups across the continent raised close to $5 billion. And, given the incremental funding for fintechs in Africa over the years, capital injected into these startups is only likely to increase with deepening mobile phone usage and internet penetration. .

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Insurance Technologies: 13 Disruptive Ideas to Change Insurance Companies with Telematics, Blockchain, Machine Learning, and APIs

Altexsoft

Have you ever tried to check your insurance claim status? While some insurance carriers have made significant modifications courtesy of disruptive digitalization (we’ve already discussed this topic in our whitepaper), most companies trail behind. Insurants are not satisfied with their service providers.

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Payments remain the darling of the fintech space

TechCrunch

And lastly, wealth tech made an impressive showing in terms of investor interest. Wealth tech companies brought in $1.7 Either way, let’s hope 2023 brings with it greater due diligence, less ego and more viable business models. billion across 164 deals in the fourth quarter. We certainly don’t need a repeat of last year.

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