Duncan Riley
Latest from Duncan Riley
While fintech funding drops, crypto finance named as an emerging opportunity
In a follow-up to its latest quarterly venture capital report, PitchBook has done a deep dive into financial technology companies and, like the rest of the market, venture capital funding in the sector dropped last quarter. However, there are emerging opportunities going forward in markets such as cryptocurrency finance. For the first quarter of 2022, ...
White House memo aimed at maintaining quantum computing leadership, mitigating risks
U.S. President Joe Biden has signed a National Security Memorandum aimed at maintaining leadership in quantum information science and mitigating the risks of quantum computing to national security. The memorandum released Wednesday details both the benefits and risks of quantum computing, with the risk that quantum computing, specifically cryptoanalytically relevant quantum computers, will be able to ...
Despite earnings and revenue miss, Block shares defy market trends and rise
Shares in Block Inc. defied market trends and rose in late trading today despite the company, previously known as Square Inc., missing estimates on earnings and revenue in its latest quarter. For the quarter ended March 31, Block reported adjusted earnings per share of 18 cents, down from 41 cents per share a year earlier, ...
Despite strong earnings, Cloudflare, SailPoint, NortonLifeLock and Netscout shares drop
Shares in four cybersecurity-related companies — Cloudflare Inc., SailPoint Technologies Holdings Inc., NortonLifeLock Inc. and Netscout Systems Inc. — all dropped in extended trading today despite delivering mostly strong earnings reports. Red ink on share prices was the story of the day, with the Nasdaq dropping by 5% and the Dow down by 1,000 points ...
Google confirms it has acquired microLED startup Raxium
Google LLC today confirmed it has acquired Raxium, a startup that develops microLED displays used in augmented reality headsets and other devices. It was first reported that Google had acquired the company in March. Although Google confirmed the acquisition, it has not revealed the reported acquisition price of $1 billion. Founded in 2017, Raxium specialized ...
NYSE owner ICE to acquire mortgage data company Black Knight for $13.1B
Intercontinental Exchange Inc., the owner of the New York Stock Exchange, today announced an agreement to acquire data technology and mortgage market infrastructure firm Black Knight Inc. for $13.1 billion. The deal is a cash-and-stock transaction and values Black Knight at $85 per share. Founded in 2008, Black Knight provides integrated technology, data and analytics ...
Fortinet shares rise in late trading on solid earnings beat
Shares in Fortinet Inc. rose in late trading after the cybersecurity company beat estimates in its latest quarterly earnings report. For the quarter ended March 31, Fortinet reported a profit before costs such as stock compensation of $155.1 million, or 94 cents per share, up from $164.2 million, or 81 cents per share, in the ...
Corporate virtual private network provider Tailscale raises $100M
Corporate virtual private network provider Tailscale Inc. today announced it has raised $100 million in new funding to expand product-led growth and scale out its go-to-market and strategic partner initiatives. CRV and Insight Partners led the Series B round, with Accel, Heavybit and Uncork Capital also participating. Including the new funding, Tailscale has raised $115 million to ...
Apple device management startup Mosyle raises $196M, launches new platform
Apple Inc. device management startup Mosyle Corp. revealed today that it has raised $196 million in new funding, and it announced the immediate availability of its Apple Unified Platform. Insight Partners led the Series B round, with StepStone Group, Elephant and Album VC also participating. Including the new round, the company has raised more than $215 ...
UK’s National Health Service infected by massive phishing campaign
The U.K.’s National Health Service has been infected by a massive phishing campaign that resulted in hundreds of accounts on Microsoft 365 being compromised. Detailed today by researchers by email security firm INKY Technology Corp., the phishing campaign was first detected in October, then escalated in March. The campaign used compromised NHS accounts to send phishing ...