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Techfugees nonprofit brings on new CEO to engage tech industry with refugee issues

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Techfugees, the global nonprofit which advocates the use of technology to aid refugees and displaced people, has appointed tech entrepreneur and Raj Burman as its new CEO. Burman succeeds Josephine Goube, who will continue as executive director of the adjacent Techfugees Charity in order to concentrate on scaling its country-based programs for refugees. Burman has …

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Facebook trails expanding portability tools ahead of FTC hearing

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Facebook is considering expanding the types of data its users are able to port directly to alternative platforms. In comments on portability sent to US regulators ahead of an FTC hearing on the topic next month, Facebook says it intends to expand the scope of its data portability offerings “in the coming months”. It also offers …

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Norway pulls its coronavirus contacts-tracing app after privacy watchdog’s warning

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One of the first national coronavirus contacts-tracing apps to be launched in Europe is being suspended in Norway after the country’s data protection authority raised concerns that the software, called “Smittestopp,” poses a disproportionate threat to user privacy — including by continuously uploading people’s location. Following a warning from the watchdog Friday, the Norwegian Institute …

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Alkemics picks up €21M for its supplier-retailer collaboration platform

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Alkemics, the Paris-based platform that lets brands collaborate and launch products with retailers, has picked up €21 million in a Series C funding. It follows €20 million raised in 2016. Backing the round is growth-stage fund Highland Europe. Existing investors Cathay Innovation, Index Ventures, SEB Alliance and Serena Capital also participated. The new investment comes …

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UK Angels still active during Lockdown — but startups need to be quick

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A survey of UK Angel investors regarding their investment strategy during the COVID-19 pandemic has found that over 65% of Angels investors are continuing to invest in startups during Lockdown, but with predominantly new deals. Many are completing more deals and increasing their cheque size by as much as 18%. However, the pandemic has reduced …

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German security firm Avira has been acquired by Investcorp at a $180M valuation

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Mergers and acquisitions mostly grinded to a stop at the end of March , in the wake of the coronavirus pandemic spreading out around the world, however today comes news of an offer out of Europe that highlights where pockets of activity are still taking place. Avira , a cybersecurity business based out of Germany …

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LumApps raises $70M Series C led by Goldman Sachs

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LumApps, the cloud-based social intranet for the enterprise, has closed $70 million in Series C funding. Leading the round is Goldman Sachs Growth, with participation from Bpifrance via its Growth Fund Large Venture. Others participating include Idinvest Partners, Iris Capital, and Famille C (the family office of Courtin-Clarins). The round brings the total raised by …

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EU lawmakers are eyeing risk-based rules for AI, per leaked white paper

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The European Commission is thinking about a momentary restriction on making use of facial acknowledgment innovation, according to a draft proposition for controling expert system acquired by Euroactiv . Creating guidelines to make sure AI is ‘‘ trustworthy and human’ has actually been an early flagship policy guarantee of the brand-new Commission, led by president …

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Top VCs in Paris share their investment interests

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Since the election of president Emmanuel Macron in 2017, Paris has actually experienced a rise of momentum as a start-up center. Financier interest had actually been developing for many years, however Macron’s federal government has actually strongly concentrated on embracing more business-friendly guidelines and greatly courted the start-up and VC neighborhood . In September, he …

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