This week's highlights include a data breach at Coinbase where customers' personal information was stolen and hackers demanded $20 million. In the startup world, Chime has filed for an IPO, and InventWood introduced 'Superwood', a wood material as strong as steel. Additionally, Y Combinator expressed concerns regarding Google stifling competition among startups in an antitrust case. VCs are excited about Granola, an AI note-taking app, which has raised $43 million in new funding. The week concluded with positive notes from Apple.
Coinbase CEO Brian Armstrong confirmed a significant data breach, with hackers stealing customers' personal information, including government IDs, leading to a ransom demand of $20 million.
Chime has officially filed for an IPO, revealing its partnership with the Dallas Mavericks, which has provided marketing benefits including the brand logo on team jerseys.
InventWood's 'Superwood', a new wood material, matches the strength of steel, and the company plans to utilize wood chips to create superior structural beams.
Y Combinator filed an amicus brief against Google, pointing out how the tech giant has dampened innovation by hindering independent firms from funding disruptive startups.
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