executive

Mobile money-saving app Qapital raises $30 million to spend on growth

Qapital, one of a slew of mobile applications trying to make it easier for users to save money (and spend it more wisely), has raised $30 million in fresh financing as it expands beyond savings to offer investment advisory services. Since its launch in the U.S. in 2015, Qapital has amassed roughly 420,000 users that have saved nearly $500 million on the platform, according to the company. But Qapital is more than just a Digit -style savings tool these days. The company has also folded in Qapital Spending through a linked Visa Debit Card that works with money saved through the app — as well as a budgeting tool called Qapital Weekly Spending Target. The company now has designs on the robo-investment market through Qapital Invest, a new product that Qapital expects to roll out before the end ...

The United States needs a Department of Cybersecurity

Ted Schlein Contributor Ted Schlein, a general partner at venture capital firm Kleiner Perkins Caufield & Byers, focuses on early-stage technology companies in the enterprise software and infrastructure markets, including ventures within the networking and consumer security arenas. More posts by this contributor What Silicon Valley can do about cyber threats The Entrepreneur’s Guide To Surviving A Tech Bubble  This week over 40,000 security professionals will attend RSA in San Francisco to see the latest cyber technologies on display and discuss key issues. No topic will be higher on the agenda than the Russian sponsored hack of the American 2016 election with debate about why the country has done so little to respond and what measures should be taken to deter future attempts at subver...

New York’s programming ed tech startup, General Assembly, sells to Adecco for $413 million

The European human resources services company Adecco Group said that is acquiring the New York-based, programming, design, and management training startup General Assembly for $413 million. With the acquisition, Adecco adds to its ability to provide job training and re-skilling services for businesses. It’s proof that General Assembly’s own business has come a long way since its early days as a startup offering continuing education or training programs for new entrants into the tech-enabled white collar workforce. General Assembly was worth $440 million after its last, $70 million investment round, according to a report in Axios, which means that early stage investors will see a nice return on their investment while many later stage backers — including Wellington Management and Fresco Capi...

Is America’s national security Facebook and Google’s problem?

Jamie Metzl Contributor Jamie Metzl is a Senior Fellow for Technology and National Security at the Atlantic Council. More posts by this contributor Homo Sapiens 2.0? We need a species-wide conversation about the future of human genetic enhancement Eleonore Pauwels Contributor Eleonore Pauwels is Director of the Anticipatory Intelligence Lab at the Wilson Center, an international science policy expert specializing in the governance and democratization of converging technologies, and a former official of the European Commission’s Directorate on Science, Economy and Society. Outrage that Facebook made the private data of over 87 million of its U.S. users available to the Trump campaign has stoked fears of big US-based technology companies are tracking our every move and misusing our personal ...