UK insurtech Hyperexponential raises $73M and eyes US expansion

Hyperexponential, a London-based insurance technology (insurtech) startup that serves the property-casualty (P&C) insurance industry with “decision intelligence” for pricing, has raised $73 million in a Series B equity round of funding. Boston-based venture capital firm Battery Ventures led the round, with participation from existing investor Highland Europe and Andreessen Horowitz (a16z). Founded in 2017, Hyperexponential…

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Female-founded startup Diem wants to be the go-to social search engine for women and nonbinary folks

A startup called Diem wants to tackle the problem of “search engine gender bias,” where results can produce default male information, making many women feel unsatisfied by the answers they receive to taboo or personal questions online. The company’s social search engine aims to provide a space for women and nonbinary individuals to share personal…

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Texas-based care provider HMG Healthcare says hackers stole unencrypted patient data

Texas-based care provider HMG Healthcare has confirmed that hackers accessed the personal data of residents and employees, but says it has been unable to determine what types of data were stolen. HMG Healthcare is headquartered in The Woodlands, Texas, and provides a range of services, including memory care, rehabilitation and assisted living. HMG’s website says…

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Startups must use investors’ operational expertise to solve inefficiencies and scale up fast

Vineet Jain is the CEO and co-founder of Egnyte, a leading cloud-based collaboration and governance platform. An entrepreneur at heart, prior to Egnyte, Vineet founded Valdero, a supply chain solution provider. Egnyte has grown exponentially, serving more than 22,000 customers globally with more than 1,000 employees worldwide. A founder’s relationship with their investors should be…

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