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Samsung to pay $539 M to Apple; LifeSight raises pre-Series A funding of $2 M

Team YS
26th May 2018
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Over seven years after Apple and Samsung, the world’s two largest smartphone manufacturers, locked horns in a patents battle, the latest chapter in the long-running legal case finally came to a conclusion, with a San Jose, California-based jury awarding the iPhone maker almost $539 million in damages. After five days of deliberation, members of the jury on Thursday announced the verdict, directing Samsung to pay Apple about $533.3 million for infringing on design patents and an additional $5.3 million for utility payment infringements.

Image: Shutterstock

LifeSight is a SaaS-based location intelligence platform that helps brands, retailers, and agencies reach offline consumers effectively, optimise media spend, and make better business decisions. The company has raised $2 million pre-series A funding from Singapore-based Provident Capital Partners. With new funds in its kitty, LifeSight is looking to expand its engineering, data science, data management, and other capabilities in its Bengaluru nerve centre.

The LifeSight team in its Bengaluru office

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