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Khosla Ventures seeks $3.5B in fresh capital
<p>Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, The Wall Street Journal reported. That target is 17% larger than the firm’s previous 2023 fund haul of $3 billion.  About half of the new capital will be allocated to its ninth core venture fund. The remaining money will […]</p>

Henil Mehta
Jul 281 min read
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TikTok (with Douyin) becomes first app to reach $6B in annual consumer spending
<p>TikTok, including its Chinese counterpart Douyin, in 2024 became the first non-game app to reach $6 billion in in-app purchase revenue in a year. According to a new report from app intelligence provider Sensor Tower, TikTok also generated a record high of $1.9 billion in gross in-app purchase (IAP) revenue in the fourth quarter of […]</p>

Henil Mehta
Jul 282 min read
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Researchers accuse North Korea of $1.4 billion Bybit crypto heist
<p>North Korea is behind the massive crypto hack, according to several blockchain monitoring firms and a well-known researcher </p>

Henil Mehta
Jul 282 min read
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