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After burning through $2 billion, Katerra gets a $200 million SoftBank lifeline to escape bankruptcy

SoftBank Group is reportedly investing $200 million to bail out Katerra, a startup that had hoped to remake the construction industry with a vertically integrated approach, according to a report in The Wall Street Journal.
Katerra’s shareholders reportedly approved the new investment on Wednesday, with the new lifeline from SoftBank coming on top of roughly $2 billion that the Japanese technology conglomerate had already committed to the venture.
Funds for the bailout, which will save Katerra from bankruptcy, will be coming from SoftBank’s Vision Fund 1, the Journal quoted Katerra chief executive Paal Kibsgaard as telling company shareholders in a message.

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Floww raises $6.7M for its data-driven marketplace matching founders with investors, based on merit

Floww – a data-driven marketplace designed to allow founders to pitch investors, with the whole investment relationship managed online – says it has raised $6.7M / £5M to date in Seed funding from angels and family offices. Investors include Ramon Mendes De Leon, Duncan Simpson Craib, Angus Davidson, Stephane Delacote and Pip Baker (Google’s Head of Fintech UK) and multiple Family Offices. The cash will be used to build out the platform designed to give startups access to over 500+ VCs, accelerators and angel networks.
The team consists of Martijn De Wever, founder and CEO of London based VC Force Over Mass; Lee …

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Biden-Harris team finally get their transition .gov domain

Finally. It only took almost three weeks, but the Biden-Harris transition has officially begun.

On Monday, the General Services Administration gave the green light for the Biden-Harris team to transition from political campaign to government administration, allowing the team to receive government resources like office space, but also classified briefings and secure computers. And, with it, comes a shiny new .gov domain.

Transitioning is an obscure part of the law that’s rarely discussed, in large part because outgoing governments and incoming administrations largely get on and try to maintain continuity of government through a peaceful transition of power. The process is formally triggered by the General Services Administration, the lesser-known federal agency tasked with the basic functioning of government, and allows the incoming administration to receive funds, tools, and resources to prepare for entering government.

But this time around, the agency’s head Emily Murphy had been reluctant to trigger the formal transition period after the Trump campaign filed a number of lawsuits challenging the election.

Murphy finally approved the transition on Monday after Michigan certified its election results.

Up until now, the Biden-Harris team buildbackbetter.com to host its transition website. Now it’s hosted at buildbackbetter.gov, a departure from the ptt.gov domain used by the incoming Obama-Biden administration in 2008.

The Wall Street Journal reported last week that until now the Biden-Harris team was using a Google Workspace for email and collaboration, secured with hardware security keys that staff need to log into their accounts. That setup might suffice for an enterprise, but had security experts worried that the lack of government cybersecurity support could make the camp more vulnerable to attacks.

As for the domain, which you might not think much about, the shift to a .gov domain marks a significant step forwards in the camp’s cybersecurity efforts. Government domains, hosted on the .gov domain, are toughened to prevent against domain hijacking or spoofing. In simple terms, they’re far more resilient than your regular web hosting services.

Biden tweeted out the domain marking the change.

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