Betterment, an online investment platform-slash-gift registry based in New York, has raised $10 million. Menlo Ventures led the round, and Bessemer Venture Partners and Anthemis Group also participated.
Uber revealed in statement today that the names and driver’s license numbers of as many as 50,000 of its current and former drivers may have been compromised. Approximately 21,000 of these drivers were based in California. The company identified the responsible database vulnerability in September of last year, and said that the unauthorized access occurred in May of the same year. The company began notifying the affected drivers today, while also notifying the California attorney general’s office of the breach. [via LA Times]
Women’s fashion etailer NastyGal has raised $16 million in a round led by former Apple retail guru Ron Johnson, who will join the company’s board of directors. The company is in the early stages of launching its own brick-and-mortar retail strategy. The round comes shortly after NastyGal founder and CEO Sophia Amoruso stepped down as CEO, taking the Executive Chairman role while ceding day to day control of the struggling business to then company President, Sheree Waterson. [via ReCode]
Wired reports that a test track for Elon Musk’s ambitious Hyperloop, which the SpaceX/Tesla entrepreneur first publicly mentioned at one of our PandoMonthly events, will begin construction next year. The track will only be five miles long — which is apparently too short to build up to the 800 mph speed — but it’s an exciting proof of concept for what Musk describes as “the fifth mode of transport. [Source: Wired]
The FCC has voted in favor of preventing Internet service providers (ISPs) from creating fast lanes; regulating the broadband industry under Title II of the Communications Act; and supporting net neutrality. [Source: The Guardian]
Amazon has hired former White House press secretary Jay Carney as its senior vice president for Worldwide Corporate Affairs. Carney will report directly to Amazon chief executive Jeff Bezos and split his time between its Seattle headquarters and Washington, DC, where he has also served as a senior political analyst on CNN. [Source: Politico]
The FCC announced today that it will overrule state legislators who seek to impede competition between incumbent broadband providers and newer rivals. The decision is supposed to target North Carolina and Tennessee, but the FCC has also “reserved the right to intercede on behalf of municipalities on a case-by-case basis.” [Source: Engadget]