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Brex’s chief compliance officer has left the fintech startup and joined Andreessen Horowitz as a partner

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Brex’s compliance head has left the fintech startup to join Andreessen Horowitz as a partner

Ali Rathod-Papier TechCrunch has exclusively learned that she left her role as global chief compliance officer at corporate card spend management startup Brex and joined enterprise firm Andreessen Horowitz (a16z) as a partner and compliance officer.

Rathod-Papier and a16z declined to comment on this matter.

According to her LinkedIn profileRathod-Papier currently “oversees a16z’s overseas expansion and political efforts, supporting the government affairs team, managing financial crime and national security risks, and foreign operations.” In total, she worked at Brex for two.5 years in various roles, including director of monetary crime compliance, before joining a16z in May.

Brex CFO Ben Gammell told TechCrunch that her departure was “amicable,” adding that Rathod-Papier “made invaluable contributions to financial management and compliance during her time at Brex” and that she helped position the startup “well for growth.” in the next chapter.

Rathod-Papier shared its decision with colleagues in April, in response to a Slack message reviewed by TechCrunch. A Brex spokesperson told TechCrunch this week that the startup is currently seeking to fill her role. Meanwhile, Bruce Wallace, a longtime Brex advisor who previously served as Silicon Valley Bank’s chief operating officer and Wells Fargo’s chief risk and fraud officer, has taken over as interim chief compliance officer.

The hire comes at an interesting time for a16z, which invested in Synapse, a banking services startup that filed for bankruptcy in April and has since been under fire for missing an estimated $85 million in customer funds. The company has remained silent on the Synapse controversy. TechCrunch spoke with leaders and general partners from fintech company a16z Angela Strange AND Anish Acharya in 2022 about the company’s strategy in space. A non-cryptocurrency company is noisy fintech investments include Wise, Affirm, Deel, and Greenlight, amongst others.

Meanwhile, TechCrunch learned this week that Doug Adamic isn’t any longer Brex’s chief revenue officer. The startup told us so Garrett Marker recently took his place as Brex’s latest CRO. Marker most recently served as vp of world sales at Braze, a cloud-based customer engagement platform for omnichannel marketing.

Adamic took over as Brex’s CRO in May 2022 following the departure of Sam Blond, and later joined Founders Fund as a partner, a role he stepped down from earlier this 12 months. Previously, Adamic was related to SAP Concur (Brex’s competitor) for over 16 years.

The moves follow Brex’s announcement that it was abandoning its co-management model, with co-founder Pedro Franchesci becoming sole CEO and co-founder Henrique Dubugras taking up as chairman of the board.

The two told TechCrunch earlier this month that they imagine having two CEOs may very well be a bottleneck in the company’s growth, stopping its leadership from making faster decisions. They also imagine that when Brex does eventually go public – which they do not expect until 2025 or later – investors shall be more all for the traditional model by which only one CEO runs the company.

Interestingly, in June 2023, Jason Mok, former operating partner of 16z, joined Brex as head of startups.

This article was originally published on : techcrunch.com
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US medical device giant Artivion says hackers stole files during a cybersecurity incident

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Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.

In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.

Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”

Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.

This article was originally published on : techcrunch.com
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It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500

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Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.

The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.

The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.

More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)

Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.

The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.

Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.

In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.

Image credits:Raspberry Pi

This article was originally published on : techcrunch.com
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Apple Vision Pro may add support for PlayStation VR controllers

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Vision Pro headset

According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.

The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.

However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.

Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.

This article was originally published on : techcrunch.com
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