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