Tag: Finland

CybersecurityTechnology

International Law Enforcement Dismantles Massive SIM Farm Network Behind 49 Million Fake Accounts

Law enforcement agencies across Europe have dismantled a sophisticated criminal network operating thousands of SIM-box devices. The operation revealed connections to over 49 million fake accounts and millions in financial losses across multiple countries.

Major International Operation Targets SIM Farm Infrastructure

European law enforcement agencies have dismantled a massive criminal network operating sophisticated SIM farm infrastructure that powered millions of fake accounts and fraudulent activities, according to reports from Europol. The coordinated operation involved authorities from Austria, Estonia, Finland, and Latvia targeting what analysts suggest was one of the most technically advanced criminal telecommunications networks ever encountered.

by Jessica Moore P.E.
FundingStartups

Oura Raises $900M Funding at $11B Valuation for Smart Ring Expansion

Oura has raised $900 million in new funding led by Fidelity Management & Research Company, valuing the smart ring maker at approximately $11 billion. The Finnish company plans to expand AI capabilities, health features, and global distribution while dominating the smart ring market.

Finnish health technology company Oura has secured a massive $900 million funding round that doubles its valuation to approximately $11 billion, signaling strong investor confidence in the smart ring market’s growth potential. The funding was led by Fidelity Management & Research Company with participation from new investor ICONIQ and contributions from existing backers Whale Rock and Atreides Management. This substantial capital infusion comes just months after the company’s previous round in December, demonstrating rapid acceleration in both valuation and market position for the smart ring manufacturer.

Record-breaking valuation and market dominance

by Michael Turner