Good evening!
If you’re a customer of Allianz Life or a Dropbox Passwords user, you’re probably not gonna like today’s news. (Extra sorry if you’re both.)
Here are the 7 things you missed today:
1. 📈 Ramp Raised a Fresh $200M at a $22.5Bn Valuation
Ramp is going up, it seems. The company has raised a fresh $500 million in a funding round led by Iconiq Growth with participation from Founders Fund and D1 Capital Partners. The new capital comes just 45 days after Ramp’s last round and puts the expense management startup at a whopping $22.5 billion post-money valuation. (TechCrunch)
2. 📊 U.S. vs Offshore: What Video Editors Really Cost
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U.S. insurance giant Allianz Life disclosed a July 16 data breach this past weekend, confirming that the unidentified hackers stole the personally identifiable information (including social security information) of “the majority” of its 1.4 million customers as well as financial professionals and some Allianz Life employees. (TechCrunch)
4. 💡 Top Entrepreneurs Are Doing This to Fuel Their Business
As a business owner, I used to think doing everything myself was a badge of honor. But it turns out it was just exhausting, unnecessary, and a fast track to burnout.
Here’s the thing: successful entrepreneurs prioritize growth over busywork.
Stop losing hours to $10/hour tasks like inbox management or research. OnlineJobs.ph provides access to a database of highly trained VAs who are reliable and ready to go.
5. 🤩 Microsoft is Getting Ready for GPT-5 in Copilot
OpenAI is planning to launch GPT-5 in early August, but experts are already seeing teasers for the software inside Microsoft’s Copilot web app. The references hint at a new smart mode that offers an AI that “thinks deeply or quickly based on the task” so users don’t have to pick different models. (The Verge)
6. ⛓️💥 Dropbox is Losing its Password Manager
RIP Dropbox Passwords. The company is discontinuing the tool on October 28 and is recommending that users transfer their passwords to another app like 1Password ahead of that date. The shut down is happening in phases, starting August 28 where the tool will be view-only from both the mobile app and browser extension. (The Verge)
7. ✉️ Germ is Bringing End-to-End Encrypted Messaging to Bluesky
End-to-end encrypted messaging is finally here for Bluesky, thanks to a new startup called Germ. The service is launching its encrypted DMs for Bluesky into beta this week after over two years of development, allowing users to have a more secure option for chats than Bluesky’s existing DMs. (TechCrunch)
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