Duncan Riley
Latest from Duncan Riley
Palo Alto Networks shares rise on better-than-expected earnings report
Shares in Palo Alto Networks Inc. rose in after-hours trading after the network management and security firm beat estimates in its latest earnings report. For its fiscal second quarter ended Jan. 31, Palo Alto Networks reported a profit before costs such as stock compensation of $185 million, or $1.74 per share, up from $154.2 million, ...
IoT security startup Phosphorus raises $38M to fuel growth and development
“Internet of things” security startup Phosphorus Cybersecurity Inc. today announced that it has raised $38 million in new funding to fuel growth and technology development and enhance its user experience. SYN Ventures and MassMutual Ventures led the Series A round. Including the new funding, Phosphorus has raised $43 million to date, according to data from Crunchbase. Previous investors ...
Beyond Identity raises $100M for R&D on unicorn valuation of $1.1B
Passwordless multifactor authentication startup Beyond Identity Inc. today announced $100 million in new funding to expand research and development and to extend the company’s footprint and resources into the Asia Pacific region and Latin America. Evolution Equity Partners led the Series C round with New Enterprise Associates, Jim Clark, Potentum Partners, Expanding Capital and HBAM also participating. ...
Cryptocurrency platform startup Amber Group raises $200M on $3B valuation
Cryptocurrency platform startup Amber Global Ltd. today revealed that it has raised $200 million in new funding to expand its global footprint in developed and developing markets. Temasek Holding Ltd. led the Series B+ round with Sequoia China, Pantera Capital, Tiger Global Management, Tru Arrow Partners and Coinbase Ventures also participating. The round was raised at ...
Kitchenware maker Meyer hacked by Conti ransomware gang
Kitchenware maker Meyer Corp. U.S. has disclosed that employee data was stolen in a ransomware attack that targeted the company in October. In a data breach notification filed with the Office of the Maine Attorney General, Meyer said the breach occurred on Oct. 25 but was not discovered until Dec. 1. The attack affected Meyer ...
Jambo raises $7.5M to build web3 ‘superapp’ of Africa
African web3 startup Jambo announced today that it has raised $7.5 million in new funding to build out its pioneering web3 “superapp” of Africa. Investors in the seed round included Delphi Ventures, Coinbase Ventures, 3 Arrows Capital, Alameda Research, AllianceDAO, Tiger Global, DeFiance Capital, Hashed, Polygon Studios, UOB, Signum Capital, BH Digital, Yield Guild Games and others. ...
New Android ‘Xenomorph’ banking malware targets European banks
A newly detailed form of Android banking malware has been found to be targeting 56 different European banks. Discovered by researchers at ThreatFabric and revealed today, the banking trojan has been dubbed “Xenomorph” because it has its roots in a previous form of Android malware called Alien. The Alien mobile malware was first detected in ...
Hundreds on NFTs stolen in phishing attack targeting OpenSea users
Hundreds of nonfungible tokens have been stolen from NFT marketplace OpenSea with a value of at least $1.7 million. The theft took place between 5 p.m. and 8 p.m. EST on Saturday and involved 32 users. According to a tweet Saturday by Devin Finzer, co-founder and chief executive of OpenSea, the thefts involved a phishing attack, as affected users ...
Circle signs new SPAC merger deal on a valuation of $9B
Cryptocurrency and blockchain services provider Circle Internet Financial Inc. today announced that it will now go public via a special-purpose acquisition company in a new deal that values it at $9 billion. Circle announced in July that it intended to go public with Concord Acquisition Corp. in a deal that valued it at $4.5 billion. It’s now ...
Justice Department appoints cryptocurrency crime head, announces new FBI crypto unit
The U.S. Department of Justice has appointed its first head of a National Cryptocurrency Enforcement Team and announced that the Federal Bureau of Investigation is establishing a new Virtual Asset Exploitation Unit. The first appointed head of the NCET is Eun Young Choi. Described as a seasoned prosecutor with nearly a decade of experience within the department, ...