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Kindred Ventures just closed its second fund with $100 million in capital commitments Two years after launching its $56 million debut fund, Kindred Ventures, a San Francisco-based pre-seed and seed-stage venture fund founded by Steve Jang and Kanyi Maqubela, has closed its second fund with $100 million in capital commitments. Jang is himself a founder who later jumped into investing. In more recent years, he co-founded Bitski, a crypto-asset wallet startup, and previously founded Schematic Labs, an early social music app that was brought into Rhapsody in 2014, and co-created the music streaming service imeem, whose assets were later acquired by MySpace. Jang was also an early advisor to and investor in Uber, and individually invested in a number of other breakout companies, including the delivery company Postmates, the synthetic biology company Zymergen, the fitness company Tonal, and the crypto exchange Coinbase. ....
At first glance, an out-of-this-world plan to launch a network of crypto satellites into space, sounds like one of those grandiose ideas that never got much further than a vague outline in an ICO white paper back in 2017. But when the plan comes from a team including a Google X engineer and the co-founder of the first private mission to reach the moon, the project suddenly seems a lot more feasible. The idea behind CryptoSat which was indeed first outlined in a November 2017 paper is to build a prototype nano-satellite the size of a coffee mug and launch it into outer space, where it can act as a perfectly isolated and secure cryptographic module. ....
18,000 Organizations Possibly Compromised in Massive Supply-Chain Cyberattack Nation-state attackers used poisoned SolarWinds network management software updates to distribute malware; US government orders federal civilian agencies to immediately power down the technology. In what may well turn out to be one of the most significant supply-chain attacks in recent years, a likely nation-state backed group compromised systems at SolarWinds and inserted malware into updates of the company s widely used Orion network management products that were released between March and June 2020. In total, about 33,000 of SolarWinds 300,000 customers which include numerous government agencies, 499 of the Fortune 500 companies, and over 22,000 managed service providers could have potentially received the compromised software updates. Some 18,000 organizations worldwide may have actually installed the poisoned software on their systems, SolarWinds said in a SEC filing Monday. ....