Day: February 10, 2021

Thrasio raises $750M more in equity for its Amazon roll-up play – TechCrunch

The Amazon Marketplace roll-up play is well and truly underway. In the latest development, Thrasio — one of the biggest and earliest movers in the market to consolidate third-party sellers on the platform, with the promise to provide better economies of scale to manage and grow those businesses — announced that it has raised another $750 million at a valuation that is likely to be over $3.75 billion.

The funding is being led by existing backers Oaktree and Advent, and it includes participation from previous unnamed investors. (That list of equity backers has included Peak6, Western Technology Investment, and Jason Finger, the co-founder of one of the early players in food delivery startups, Seamless.)

Thrasio said it will be using the money to continue its rapid pace of buying up more third-party sellers in the “Amazon FBA ecosystem”, a reference to smaller merchants that sell and distribute their products using

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177% increase: Hackers grabbed 21.3 million healthcare records in the second half of 2020

A new breach analysis from CI Security found that cybercriminals are going after medical billing and insurance companies.

Rawpixel, Getty Images/iStockphoto

The numbers are not getting better for healthcare systems trying to keep patient data out of hackers’ hands. Healthcare data breaches went up 36% in the second half of 2020, according to a new analysis from CI Security. In the second half of the year, more than 21.3 million records were breached, an increase of 177% from nearly 7.7 million records breached in the first half of 2020.

The 2020 Healthcare Data Breach Report found that criminals worked all angles of the healthcare system, attacking life science and research labs, rehabilitation facilities, hospital systems, and healthcare organizations. 

Hospitals prioritized patient care in the rush to respond to the intense demands of the COVID-19 pandemic, sometimes at the expense of cybersecurity, according to the report. The report found that

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Study: “Robots” are trusted more than people when it comes to money management

COVID-19 has accelerated digital transformation across industries. A new study takes a look at the sentiments regarding “robots” in the financial services sector.

Image: Oracle

The coronavirus pandemic has accelerated digital transformation across industries as companies look to streamline processes and workflows with artificial intelligence (AI), machine learning, and more. On Wednesday, Oracle released a study focusing on the sentiments regarding the use of algorithms in the financial services sector and the ways in which these technologies could impact the industry in the future.

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“Financial processes in our personal and professional worlds have become increasingly digital for many years and the events of 2020 have accelerated that trend,” said Juergen Lindner, senior vice president of global marketing at Oracle. “Digital is the new normal and technologies such as artificial intelligence and chatbots play a vital role in managing finance.”

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