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Silicon Valley has deep pockets for African startups – if you’re not African — The Guardian

By TechTaffy Desk

American venture capital and private equity is dominating Africa, but it’s mostly funding other white foreign founders, writes Larry Madowo.

Here is the link: https://www.theguardian.com/business/2020/jul/17/african-businesses-black-entrepreneurs-us-investors

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Fundings

Island raises $175M

Dallas, Texas-based enterprise browser company Island raised $175 million in Series D funding, raising the company's valuation to $3 billion.
Around the web

Binance founder Changpeng ‘CZ’ Zhao sentenced to 4 months in prison — Gizmodo

Zhao pleaded guilty to money laundering violations as part of Binance’s agreement with the United States Department of Justice, writes Maxwell Zeff in Gizmodo. 
AI

CoreWeave raises $1.1B

CoreWeave, a specialized cloud provider for AI, has secured $1.1 billion in new funding.
Fundings

StepSecurity raises $3M

Seattle, WA-based cybersecurity startup StepSecurity has closed a $3 million seed funding round.
Around the web

Microsoft’s latest Windows update breaks VPNs, and there’s no fix — PCWorld

Microsoft said this week that the most recent Windows security update for Windows 10 and Windows 11 may break VPN connections, writes Mark Hachman in PCWorld.