Goldman Sachs Backs Data Startup Fortanix in $90 Million Round

“Cybersecurity is a $200 billion market and while most other services will get consolidated when they move to the cloud, security and privacy will remain separate,” Kumar, the company’s chief executive officer, said on a video call from the San Francisco Bay area. The startup has over 225 employees, a third of them in Bangalore.

Amazon Sellers See ‘Scary’ Holiday Season as Consumers Pull Back

The effects are rippling from sellers to firms that support them, including small business lenders. Amazon merchants commonly borrow about $100,000 to buy inventory and pay for marketing campaigns during the holidays, paying the loans off with their proceeds. Seth Broman, chief revenue officer of Swiftline, which offers loans to online merchants, is turning down … Read more

Apple Unveils iPhone 14 With Camera Upgrades, Satellite Feature

The company debuted the models Wednesday at a presentation dubbed Far Out, an event that also spotlighted Apple’s new watch line and AirPods earbuds. The standard iPhone 14 models look similar to the iPhone 13 from last year, but with a twist: Apple has dropped the mini version and added a model with a larger, … Read more

Homes Sell Below List Price in US for First Time Since March 2021

The shift is largely because of surging mortgage rates, which have dented affordability and kept many would-be buyers on the sidelines, forcing sellers to accept lower prices. The average sale-to-list price ratio fell to 99.8% in the four-week period ended Aug. 28. It hasn’t been below 100% since March 2021, Redfin said.

India Accuses A16Z-Backed Crypto Exchange CoinSwitch of Forex Violations

The Enforcement Directorate searched office facilities and residences of directors and the CEO. The exchange is under suspicion of acquiring shares of over 20 billion rupees ($250 million) in contravention of forex laws, the person said, asking not to be named as the matter isn’t public. The exchange was also found non-compliant with certain know-your-customer … Read more

India Seeks Byju’s Reply on Delayed Filing of Audited Accounts

(Bloomberg) — India sought reasons from Byju’s, the country’s most-valuable startup backed by Tiger Global Management, for not yet filing its audited financial accounts for the year ended March 2021, according to people familiar with the matter.