Maria Deutscher
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Zscaler acquires cybersecurity data processing startup Avalor for reported $350M
Zscaler Inc. has acquired Avalor Technologies Inc., a startup that helps companies analyze the vulnerability data generated by their cybersecurity tools. The companies announced the deal today. Zscaler detailed that it’s financing the acquisition, which closed on Wednesday, with a combination of cash and stock, but didn’t disclose the price tag. Globes reported that the ...
Former Treasury Secretary Steven Mnuchin assembling consortium to buy TikTok
Former U.S. Treasury Secretary Steven Mnuchin is organizing an investor consortium to buy TikTok from its parent company ByteDance Ltd. Mnuchin, who is the managing director of private equity firm Liberty Strategic Capital, detailed the effort in an interview on CNBC today. Asked whether the investor group has already been assembled, he responded, “I’m working on ...
IoT security startup Nozomi Networks closes $100M funding round
Nozomi Networks Inc., a startup that helps companies secure their factory robots and other connected devices, has raised $100 million in a late-stage funding. The software maker announced the Series E round today. It raised the capital from an investor consortium that included Mitsubishi Electric Corp. and Schneider Electric SE, two major manufacturers of industrial ...
Cerebras Systems debuts wafer-scale AI training chip with 4T transistors
Semiconductor startup Cerebras Systems Inc. today debuted a new wafer-sized chip, the WSE-3, that features 4 trillion transistors organized into nearly 1 million cores. The processor is optimized for artificial intelligence training workloads. Cerebras claims a server cluster equipped with 2048 WSE-3 chips can train Llama 2 70B, one of the most advanced open-source language ...
House of Representatives passes bill that could lead to TikTok ban or sale
The House of Representatives today passed a bill that could ban TikTok in the U.S. or lead to its separation from Beijing-based parent company ByteDance Ltd. The Protecting Americans from Foreign Adversary Controlled Applications Act, as the bill is known, was approved with a vote of 352-65. One lawmaker voted present. To go into effect, the ...
Apple eases App Store software distribution rules in the EU
Apple Inc. today announced plans to relax some of the App Store’s software distribution rules in the European Union. The move will make it easier for the company to comply with a pair of antitrust laws, the Digital Services Act and the Digital Markets Act, that EU lawmakers passed in 2022. The laws introduced new ...
Polar Signals reels in $6.8M to ease application performance analysis
Startup Polar Signals Inc. has raised $6.8 million in fresh funding for its continuous profiling platform, which helps developers reduce their applications’ hardware usage. The company announced the raise today. The investment, which comes as an extension to a $4 million seed round Polar Signals secured in 2021, included the participation of Alphabet Inc.’s GV fund, ...
DBOS nabs $8.5M to challenge Linux with a database-powered operating system
DBOS Inc., a new startup led by prominent computer scientists, launched today with $8.5 million in seed funding and an operating system designed to challenge Linux. Engine Ventures led the investment. Construct Capital, Sinewave and Gutbrain Ventures participated as well. DBOS was founded last April by prominent computer scientists Michael Stonebraker and Matei Zaharia. Stonebraker, ...
Vehicle simulation startup Applied Intuition raises $250M at $6B valuation
Applied Intuition Inc., a simulation startup that counts over a dozen large automakers as customers, has raised $250 million in a late-stage funding at a $6 billion valuation. The company announced the Series E investment today. It said that the round was led by returning backers Lux Capital and Elad Gil. Additionally, Applied Intuition disclosed ...
Alphabet spinoff SIP launches new venture to build battery-supported data centers
Alphabet Inc. spinoff Sidewalk Infrastructure Partners today launched a new venture, Verrus, that will build data centers optimized for sustainability. SIP emerged in 2019 from an Alphabet smart city project of the same name. The company is pursuing multiple infrastructure projects across areas such as recycling, telecommunications and power delivery. It also has a subsidiary ...