Maria Deutscher
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CISA instructs federal agencies to disconnect deployments of vulnerable Ivanti products
The U.S. Cybersecurity and Infrastructure Security Agency has instructed federal agencies to disable their deployments of two Ivanti Inc. products that contain vulnerabilities. In a directive issued on Wednesday, CISA stated that administrators must take the affected deployments offline by Saturday. Separately, Ivanti today released a patch for some versions of the vulnerable products. The ...
DataSnipper nabs $100M for its AI-powered accounting automation platform
DataSnipper NV, a startup using artificial intelligence to make accounting professionals more productive, today announced that it has closed a $100 million funding round led by Index Ventures. The investment values the Amsterdam-based software maker at $1 billion. It follows a year in which DataSnipper doubled both its revenue and customer base. According to the ...
US disrupts botnet operated by Chinese state-sponsored hacking group
The U.S. government has disrupted a botnet, or network of malware-laden devices, that was used by a Chinese state-sponsored hacking group to disguise its activities. The Justice Department announced the operation this morning. Also today, several senior U.S. officials testified before Congress on China-backed hacking activities targeting critical infrastructure. “The Justice Department has disrupted a ...
Pathlight rebrands as Echo AI and debuts new marketing automation features
Customer engagement startup Pathlight today rebranded as Echo AI and introduced new features for its flagship software platform. The company, which is incorporated as TTSF Inc., is backed by $35 million in funding from Kleiner Perkins and other investors. It provides a platform that uses artificial intelligence to find areas for improvement in call center ...
Shares of Extreme Networks tumble 16%+ on mixed earnings
Extreme Networks Inc. today reported fiscal second-quarter sales that topped the consensus estimate, but its adjusted earnings per share fell short of expectations. The results sent the company’s shares tumbling more than 16% on the Nasdaq. San Jose, California-based Extreme Networks makes switches, Wi-Fi access points for offices and other networking equipment. It also sells ...
Codeium reels in $65M for its AI-powered coding platform
Codeium Inc., a startup with a developer productivity platform powered by large language models, today announced that it has secured a $65 million Series B funding round. Kleiner Perkins led the investment with participation from General Catalyst and returning backer Greenoaks. According to Bloomberg, the raise values Codeium at $500 million. The company will use ...
Commvault shares jump on expectation-topping quarterly results
Shares of Commvault Systems Inc. jumped more than 7% today after the company reported better-than-expected revenue and earnings for its fiscal third quarter. Tinton Falls, New Jersey-based Commvault sells a popular suite of data protection tools. Enterprises can use the company’s software to create backups of their business information, as well as restore those backups ...
Korean AI chip startup Rebellions raises $124M at $650M+ valuation
Rebellions Inc., a Seoul-based developer of artificial intelligence chips, has raised $124 million in funding to support its engineering efforts. The startup announced the investment on Monday. The raise was led by KT, South Korea’s second largest wireless carrier and a Rebellions customer. TechCrunch reported that Korea Development Bank participated as well along with several other ...
Storage appliance maker Nyriad seeking sale after fundraising effort falls through
Nyriad Inc., a startup that develops data center storage hardware powered by graphics cards, is seeking a buyer. The development was first reported on Friday by Blocks and Files, which cited a memo from Nyriad Chief Executive Derek Dicker. The company confirmed that it’s exploring a sale in a statement to CRN today. It has ...
AI startup Sema4.ai, led by former Cloudera CEO Rob Bearden, raises $30.5M
Sema4.ai, a new artificial intelligence startup founded by a group of prominent software executives, today announced that it has raised $30.5 million in funding. The capital was provided by Benchmark and Mayfield Fund. The investment reportedly comes a mere three months after Sema4.ai’s launch. Sema4.ai is led by Chief Executive Rob Bearden (pictured), who previously ...