Montana-based onX, which makes navigation apps for hunting, hiking, and off-roading, raised a $87.4M Series B led by Summit Partners (David Erickson/Missoulian)

David Simmons / Business News Australia:
Sydney-based Advanced Navigation, a developer of AI robotics and navigation technology, raised a $68M Series B led by KKR, bringing its total funding to $85M+  —  Moon-bound artificial intelligence robotics and navigation company Advanced Navigation has today announced the signing …

FinSMEs:
Swift Navigation, which makes high-accuracy GNSS hardware for advanced driver-assistance systems, raised a $100M Series D, bringing its total funding to $200M+  —  Swift Navigation, a San Francisco, CA-based tech company redefining GNSS, ADAS and autonomy, industrial machine control …

ProPublica:
A book excerpt details how the FBI failed to undertake fundamental reforms to combat cybercrime, including confronting escalating cyberthreats like ransomware  —  In this excerpt from “The Ransomware Hunting Team: A Band of Misfits’ Improbable Crusade to Save the World From Cybercrime,” …

Yogita Khatri / The Block:
On-chain data: FTX appears to have stopped processing withdrawal requests, starting at 6:37am ET  —  – Crypto exchange FTX seems to have stopped processing withdrawal requests, according to on-chain data.  — The last outgoing transaction from FTX took place at 6:37 a.m. ET on the Ethereum blockchain.

Reuters:
Sources: Apple, Samsung, and Xiaomi express concerns over India’s home-grown GPS plan, arguing integrating the system would be costly and require new hardware  —  India is pushing tech giants to make smartphones compatible with its home-grown navigation system within months …

Bill Toulas / BleepingComputer:
Russia’s second-largest bank, VTB, is hit with a large DDoS attack causing its apps and website to go offline; “IT Army of Ukraine” claims credit for the attack  —  Russia’s second-largest financial institution VTB Bank says it is facing the worse cyberattack in its history …