Category Archives: michigan

Venture capital investment in US companies to hit $100B in 2018

So many new unicorns valued at $1 billion-plus, countless $100 million venture financings, an explosion of giant funds — it’s no surprise 2018 is shaping up to be a banner year for venture capital investment in U.S.-based companies. There are more than 2.5 months remaining in 2018 and already U.S. companies have raised $84.1 billion — more than all of 2017 — across 6,583 VC deals as of Sept. 30, 2018, according to data from PitchBook’s 3Q Venture Monitor. Last year, companies raised $82 billion across more than 9,000 […]

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May Mobility puts autonomous shuttles on the streets of Columbus, Ohio

This December a set of autonomous vehicles will start roaming the streets of Columbus, Ohio, in an effort to turn this bustling Midwestern community into the first smart city. The project, which is part of the Smart Columbus and DriveOhio initiatives, is the first step in launching a fully autonomous shuttle route in the city. “We’re proud to have the first self-driving shuttle in Ohio being tested on the streets of Columbus,” said Mayor Andrew J. Ginther. “This pilot will shape future uses of this emerging technology […]

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SIM swap hacker caught in Florida

Florida police have arrested 25-year-old named Ricky Joseph Handschumacher. The young man is suspected of grand theft and money laundering. Handschumacher used SIM Swapping techniques to steal thousands in Bitcoin and to “drain bank accounts” according to security researcher Brian Krebs. Handschumacher’s scam was simple: he called+ telecom operators and ask them to swap his SIM card for the victim’s SIM card. This, in turn, gave him access to two-factor authentication techniques via SMS and allowed him to access email accounts, bitcoin wallets, and file storage systems. […]

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