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Investors Cool on Internet-of-Things Startups, a Tech Conduit for Retailers

CFO News Room

Slumping markets have investors pulling back from funding startups that make internet-connected devices for retailers, threatening to choke an innovation pipeline for emerging tools like smart shopping carts and inventory management robots. Over the same period, investment dollars in IoT startups fell 57.2% billion, PitchBook said.

Startups 100
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Payments Startup Paay Left 2.5M Credit Card Info Exposed

PYMNTS

Paay, a startup credit card database storing millions of transactions, has been unsecured for weeks and only now closed again, according to a TechCrunch report. A security researcher, Anurag Sen, accessed the files and estimated around 2.5 Mendlowitz said the company had told around 15 to 20 merchants about the lapse.

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Home Improvement Startup Houzz Suffers Data Breach

PYMNTS

Home improvement startup Houzz revealed that it suffered a data breach. Once its security team became aware of the issue, it immediately launched an investigation with assistance from a leading forensics firm. It also notified law enforcement authorities, as well as any customers that might have been impacted by the incident.

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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. Cequence Security. Also operating in the enterprise security space is Cequence Security, based in California.

B2B 75
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Disrupting The Security Deposit With Insurance

PYMNTS

The average security deposit in the U.S. Their savings might cover the security deposit — barely, in some cases — but will more or less be consumed. At the end of the term, the startup then takes responsibility for any damages or claims against the lease for the tenant.

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RegTech, AI Fuel Strong B2B FinTech Numbers

PYMNTS

venture capital sphere this week: VC funding for FinTech startups in Q1 alone hit $1.2 Venture Capital Practice National Co-Lead Partner, and Co-Leader of its Enterprise Innovative Startups Network, Brian Hughes, investors across the world also had a clear vision for where they wanted to see their money go. According to KPMG’s U.S.

B2B 77
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From Startup To Global Payments Giant: Visa Turns 60

PYMNTS

18), a San Francisco startup launched by sending roughly 60,000 credit cards to consumers living in northern California. This startup was a bank, and its innovation was a single card that could be used by consumers to purchase things on credit from many different merchants. The startup was Visa , of course.

Startups 103