Maria Deutscher
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Progress Software discloses critical vulnerability in MOVEit file transfer service
Progress Software Corp. has disclosed a critical vulnerability in its MOVEit service, which organizations use to share files with one another. The company detailed the flaw on Tuesday. It also disclosed an exploit in MOVEit Gateway, a cybersecurity product that some organizations use together with the file transfer service. The day after Progress made the ...
Odaseva nabs $54M for its Salesforce data protection platform
Odaseva Technologies SAS, a startup with a platform that helps enterprises encrypt and back up the data they keep in Salesforce, has closed a $54 million funding round. The company detailed in its announcement of the raise today that Silver Lake Waterman was the lead investor. F-Prime, Eight Roads, Serena Capital, Eurazeo and Crescent Cove ...
Vulnerability detection provider PortSwigger raises $112M
PortSwigger Ltd., the company behind one of the industry’s most popular cybersecurity testing tools, today disclosed that it has raised $112 million in funding. The capital was provided by private equity firm Brighton Park Capital. It marks the first time that U.K.-based PortSwigger has raised funding since launch. The company was founded in 2008 by ...
Dappier raises $2M in seed funding for its AI data marketplace
Dappier Inc., a startup helping publishers license their content to artificial intelligence developers, today announced that it has raised $2 million in seed funding. Early-stage venture capital firm Silverton Partners led the investment. Austin-based Dappier operates a marketplace through which publishers can make their content available to developers for use in AI projects. According to ...
AI-powered drug development startup Formation Bio raises $372M
Formation Bio Inc., a startup using artificial intelligence to speed up drug development, today announced that it has closed a mammoth $372 million investment. Andreessen Horowitz led the Series D funding round. It was joined by pharmaceutical company Sanofi SA and more than a half-dozen other investors. The valuation at which Formation Bio closed the ...
Supreme Court rules US officials can continue communicating with social media companies
The U.S. Supreme Court today rejected a lawsuit that sought to limit how the federal government communicates with social media companies. The case, Murthy v. Missouri, was dismissed in a 6-3 ruling. It focused on misinformation removal requests that officials from the White House and several federal agencies had sent to social media companies. Meta ...
Stability AI appoints new CEO and closes funding round reportedly worth $80M
Stability AI Ltd. today appointed Prem Akkaraju chief executive officer and announced that it has raised funding from a group of prominent investors. The development comes three months after the startup’s founding CEO, Emad Mostaque, stepped down. His resignation was reportedly preceded by several other executive departures. A number of key engineers are believed to ...
EU files antitrust charges against Microsoft for bundling Teams with Microsoft 365
European Union officials have tentatively determined that Microsoft Corp. breached the bloc’s antitrust rules with its Microsoft Teams collaboration service. The European Commission, the EU’s executive branch, published its findings today. The development is not unexpected. Rumors that EU officials plan to bring antitrust charges against Microsoft first emerged in April. Teams, the service at the ...
Factory robotics startup Bright Machines reels in $126M
Bright Machines Inc., a robotics startup that helps manufacturers more efficiently make products such as servers and batteries, has secured $126 million in fresh funding. The Series C round was announced this morning. Bright Machines received the bulk of the capital, $106 million, in the form of an equity investment that was led by BlackRock ...
OpenAI acquires developer collaboration startup Multi
OpenAI has acquired Multi Software Co., a startup with a videoconferencing platform for software development teams. Multi co-founder and Chief Executive Officer Alexander Embiricos announced the deal in a blog post published today. Embiricos, who was previously a product manager at Dropbox Inc., founded the company in 2019 with former Google LLC engineer Charley Ho. ...