Maria Deutscher
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Apple, Google and Microsoft to roll out new passwordless login features
Apple Inc., Google LLC and Microsoft Corp. today announced plans to roll out new passwordless login features across their respective platforms. The new features are expected to become available over the next year. Passwords are susceptible to hacking and can be difficult for users to manage. To address those issues, Apple, Google and Microsoft have ...
Elon Musk secures $7.14B in new equity commitments for Twitter acquisition
Elon Musk has secured $7.14 billion in equity commitments from more than a dozen investors to help finance his acquisition of Twitter Inc., the Tesla Inc. chief executive disclosed today. Musk last month made an offer to acquire Twitter for $43 billion. A few weeks later, the social network’s board accepted the offer at a ...
Prisma nabs $40M to simplify application data management for developers
Startup Prisma Data Inc. on Tuesday announced that it has raised $40 million in funding for its namesake database tool, which helps developers manage the information used by their applications. Altimeter led the Series B funding round with participation from returning backers Amplify Partners and Kleiner Perkins. A number of angel investors participated as well. ...
Application monitoring startup Sentry closes $90M round at $3B valuation
Sentry, which provides a software platform used by 3.5 million developers to fix malfunctions in their applications, today announced that it has closed a $90 million funding round. The round values Sentry, officially Functional Software Inc., at $3 billion. BOND and Accel were the lead investors. Fixing a malfunction in an application involves multiple steps. ...
Uber tops first-quarter revenue estimates but share price drops
Uber Technologies Inc. today reported that its revenue jumped 136% year-over-year during the first quarter, to $6.85 billion, but its shares declined more than 8% in trading after the opening bell. The share price decline may be related to the $5.6 billion loss that Uber generated during the quarter. The ride-hailing giant attributed it primarily to losses ...
Lumos raises $30M+ to help companies manage their cloud applications
Startup Lumos App Inc., which helps companies manage the software-as-a-service applications used by their employees, today launched from stealth mode with more than $30 million in initial funding. Lumos raised the capital from a group of investors that included Andreessen Horowitz. Prominent technology investor Lachy Groom, OpenAI LLC Chief Technology Officer Greg Brockman and Phil ...
Galileo exits stealth mode with $5.1M in funding to optimize AI training datasets
Artificial intelligence startup Galileo Technologies Inc. today launched from stealth mode after raising a $5.1 million seed funding round led by The Factory. The Factory was joined by several angel investors, including Anthony Goldbloom, chief executive of Google LLC’s Kaggle unit. Kaggle operates a popular machine learning website that AI experts use to participate in research ...
SEC plans to nearly double its Crypto Assets and Cyber Unit
The U.S. Securities and Exchange Commission today announced plans to nearly double its Crypto Assets and Cyber Unit to 50 staffers. The Crypto Assets and Cyber Unit is part of the SEC’s Division of Enforcement and was previously known simply as the Cyber Unit. Its responsibilities include, among other tasks, investigating securities law violations related to ...
Kintent raises $18M to simplify cybersecurity compliance for companies
Startup Kintent Inc., which helps companies more easily comply with cybersecurity regulations, today announced that it has raised a $18 million funding round led by OpenView. The round also included the participation of Tola Capital, which led Kintent’s previous $4 million raise in 2021. Kintent will use the funding to double its 25-person team by ...
Accern raises $20M to simplify natural language processing for financial firms
Accern Corp., a natural language processing startup focused on the financial services sector, today announced that it has closed a $20 million funding round co-led by Mighty Capital and Fusion Fund. The Series B round follows two years in which Accern’s revenue has reportedly increased by a factor of nine. The startup’s total outside funding ...