UK car dealer Pendragon is selling its auto retail business to US firm Lithia for £280m ($388m) as it shifts focus to software. The deal requires approval from the majority of Pendragon shareholders, a hurdle less likely to be cleared by its biggest investor, Sweden’s Hedin.

Gem Security announces $23 Mn in Series A funding, CIOSEA News, ETCIO SEA
Cloud Detection and Response (CDR) company, Gem Security, has raised $23m in an oversubscribed Series A funding round. The round was led by GGV Capital