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Draper Nexus closes $175 million fund, LP’s include Panasonic, Canon and other Japanese tech giants

Posted on November 22, 2016 by Lora Kolodny

Shibuya, Tokyo. An early stage venture firm, Draper Nexus, has closed its second fund at $175 million, according to Managing Director Q Motiwala. Its debut fund closed in 2013, at $50 million.
Limited partners in Draper Nexus are global tech conglomerates, primarily based in Japan.
For its second fund, the firm signed up about 20 LP’s including Panasonic, Hitachi, Kyocera, Shimizu, NEC, Canon and others. Read More Continue reading Draper Nexus closes $175 million fund, LP’s include Panasonic, Canon and other Japanese tech giants→

It Won’t Be Difficult to Spoof Smartphone Finger Vein Scanners

Posted on October 29, 2016 by Daniel Oberhaus for Motherboard

Smartphones are already equipped with fingerprint and iris ID systems, but a Japanese company wants to ID you by the veins in your fingertips. But is it really more secure? Continue reading It Won’t Be Difficult to Spoof Smartphone Finger Vein Scanners→