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Proving that there’s still plenty of venture money in cybersecurity, cloud identity security platform Britive today announced that it raised $20.5 million in a Series B funding round. Led by Pelion Venture Partners with participation from Liberty Global Ventures, Crosslink Capital and One Way Ventures, the new brings Britive’s total raised to $36 million. CEO […]
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Welcome to Week in Review, folks, TechCrunch’s regular recap of the week in tech. GPT-4, OpenAI’s text- and image-understanding AI, might’ve dominated the headlines over the past few days. But fresh drama around Silicon Valley Bank’s collapse emerged as well. We cover all that and more in this edition, so grab a coffee and settle […]
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A startup founded by ex-Apple design and engineering team Imran Chaudhri and Bethany Bongiorno, Humane, today raised another $100 million to build what it calls an “integrated device and cloud services platform” for AI. Humane’s work is shrouded in mystery. But its latest round of funding, a Series C, attracted a laundry list of notable […]
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Cybersecurity continues to be a major area for investment among businesses — and VCs. While a decline from the previous year, venture capital funding in the cybersecurity sector totaled $18.5 billion in 2022, according to Momentum Cyber. The popularity comes in part from the rise in cyberattacks. Check Point Research reports that global cyberattacks increased […]
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Apkudo, a Baltimore-based startup developing a platform to help manage, sell and test connected devices like smartphones and laptops, today announced that it raised $37.5 million in a Series C funding round co-led by Closed Loop Partners’ Leadership Fund and Piper Sandler Merchant Banking with participation from MissionOG, Harbert Growth, Grotech Ventures, Lavrock Ventures and […]
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The move to the cloud, accelerated by the pandemic, continues unabated. By 2025, Gartner estimates that over 95% of new digital workloads will be deployed on cloud-native platforms, up from 30% in 2021. The motivation is convenience partly — cloud platforms can be accessed from anywhere, ideal for the remote or hybrid workforce. But it’s […]
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Showing that there’s real investor enthusiasm for identity management platforms, Saviynt, which enables companies to secure apps, data and infrastructure in a single platform, today announced that it raised $205 million in debt from AB Private Credit Investors’ Tech Capital Solutions group. Founder Sachin Nayyar, who returned to Saviynt as CEO this week alongside newly-appointed […]
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Thoma Bravo, the private equity and growth capital firm, today announced that it would spend $1.8 billion CAD (~$1.34 billion) to acquire Magnet Forensics, a Waterloo-based company making software used by defense forces and businesses to investigate cybersecurity threats. Magnet Forensics will be purchased by a newly created corporation controlled by Thoma Bravo, Morpheus Purchaser […]
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Apple this morning announced new Macbooks powered by the latest generation of its in-house, custom-designed PC chipsets. The chipsets — the M2 Pro and M2 Max — feature a more powerful CPU and GPU, up to 96GB of unified memory and what Apple claims is “industry-leading” power efficiency. M2 Pro Built using a second-generation 5-nanometer […]
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In 2019, Ring launched the Peephole Cam, a camera that fits over existing door peepholes to record goings on outdoors, in apartment building hallways and so on. Priced at $199, the Peephole Cam failed to catch on, leading Ring to discontinue it in 2021. But now, Ring’s giving it another go — the Peephole Cam […]
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