Rafaela Lindeberg / Bloomberg:
Swedish last-mile delivery startups Instabox and Budbee plan to merge and create Instabee, valued at ~$1.66B — Swedish last-mile delivery operators Instabox AB and Budbee AB plan to merge to create a new company at a valuation of 18 billion kronor ($1.66 billion), according to an emailed statement.
Anna Gross / Financial Times:
A look at the efforts to make technology and streaming companies pay telecom operators for the investment that the operators are making in their networks — Decade-long debate over infrastructure investment heats up in streaming era — On the morning of September 28 …
Mike Truppa / The Block:
Ethereum activates its long-awaited The Merge upgrade and transactions are now being processed under proof of stake — – The Merge upgrade is transitioning Ethereum from proof of work to proof of stake. — The Merge is one of the largest technological events in the industry to date.
Kyle Wiggers / TechCrunch:
Cloudflare announces Zero Trust SIM, a US-only, device-specific eSIM for iOS and Android that uses VPNs and DNS filtering, and Zero Trust for Mobile Operators — Are smartphones ever entirely secure? It depends on one’s definition of “secure,” particularly when dealing with corporate environments.
Ian Allison / CoinDesk:
A financial document details some ties between Sam Bankman-Fried’s FTX and Alameda Research; Alameda’s biggest asset is $3.66B of unlocked FTT, an FTX token — Alameda had $14.6 billion of assets as of June 30, according to a private document CoinDesk reviewed.
Kenrick Cai / Forbes:
Runway, one of the two startups behind Stable Diffusion, raised a $50M Series C led by Felicis Ventures; sources: Runway’s valuation is $500M, and ARR is ~$1M — Runway ML, one of the two startups behind the popular AI text-to-image model Stable Diffusion, has raised new funding at a $500 million valuation, Forbes has learned.
Gillian Tan / Bloomberg:
New York-based Bilt, which offers a loyalty program and credit card to convert rent payments into points, raised $150M led by Left Lane at a $1.5B valuation — Bilt Rewards, which operates a loyalty program and credit card that converts rent payments into points, said its valuation more than quadrupled to $1.5 billion.
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