Defense technology startup Mach Industries has closed a $600 million Series C funding round. The raise has doubled the company's valuation to $3.7 billion. Notably, this valuation milestone was reached in just three months. The rapid growth underscores strong investor interest in the defense tech sector.
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Google has signed its biggest-ever carbon credit agreement focused on reducing methane emissions from rice farming. The deal is with Indian startup Mitti Labs and spans a four-year period. The agreement covers rice-growing regions across three Indian states. At peak delivery, the project is expected to reach approximately 100,000 hectares of farmland.
ID verification company IDScan has confirmed it suffered a significant data breach affecting its systems. The incident resulted in the theft of more than 150 million driver's licenses and other government-issued identity documents. Compromised data includes victims' full names along with their identity document details. The breach raises serious concerns given IDScan's role as a major provider of ID verification services handling sensitive personal data.
Snapchat has introduced a new set of event-planning features aimed at competing with popular social planning app Partiful. The tools are designed to help users organize a wide variety of gatherings, ranging from birthday parties and sports events to casual hangouts and study sessions. The move signals Snapchat's intent to expand its social utility beyond messaging and stories. By integrating event coordination directly into the platform, Snapchat hopes to become a more central hub for its users' social lives.
Snapchat has introduced a new feature called Plans, designed to help users turn group chat conversations into real-life events without leaving the app. Users can set event details, send invitations to up to 200 friends, and monitor RSVPs through the platform. Invitations feature dynamic Bitmoji avatars that update as friends respond, and automatic reminders are sent to attendees before events begin. A dedicated 'My Plans' tab on user profiles allows people to manage both upcoming and past events in one place.
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