In the middle of layoffs and accusations of scams, the FBI has actually jailed NS8’s CEO following its $100+ million summertime financing

In the middle of layoffs and accusations of scams, the FBI has actually jailed NS8’s CEO following its $100+ million summertime financing

The tagline from today’s statement from the United States Attorney’s office for the Southern District of New York says everything:”Adam Rogas Supposedly Raised$123 Million from Investors Utilizing Financial Declarations that Revealed 10s of Millions of Dollars of Earnings and Assets that Did Not Exist”. Rogas, the co-founder and previous chief executive and […]
Lightspeed Ventures helped lead NS8’s$123 million Series A this June.”While raising over$100 million from investors for his fraud avoidance business, Rogas himself presumably was engaging in a brazen fraud. Over the very same period bank Rogas modified bank declarations to reflect$40 million in profits that merely were not there, according to the Justice Department’s allegations. After the round was completed, NS8 did a secondary offering which let Rogas money out of $17.5 million through personal sales and through a business he managed, according to the declaration from the DOJ. …

D-ID, the Israeli business that digitally de-identifies faces in videos and still images, raises $13.5 million

D-ID, the Israeli business that digitally de-identifies faces in videos and still images, raises $13.5 million

If only Facebook had been utilizing the sort of technology that TechCrunch Startup Battlefield alumnus D-ID was pitching, it could have avoided exposing all of our faces to personal privacy ruining software services like Clearview AI. A minimum of, that’s the pitch that D-ID’s founder and chief executive, Gil Perry, makes when he’s speaking about the significance […] D-ID is undeterred. The market for these types of digital adjustments are still in their earliest days, according to Perry. D-ID already sees need coming from automakers who desire to use the innovation to anonymize their driving monitoring systems– enabling them to tape drivers’ responses, however not any public recognizing info. The technical wizardry that D-ID has actually mastered is excellent– and a necessary protective tool to make sure personal privacy in the contemporary world, according to its creators. …