Maria Deutscher
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Ireland’s privacy regulator fines TikTok €345M for breaching GDPR
Ireland’s privacy regulator today issued a fine of €345 million, or $367 million, to TikTok after finding that the company had breached the European Union’s GDPR regulation. TikTok has more than 130 million users in the EU. Ireland’s Data Protection Commission, or DPC, leads oversight of the company’s privacy practices within the bloc. The reason ...
Salesforce to hire 3,300 workers after raising revenue guidance
Salesforce Inc. has revealed plans to recruit 3,300 new employees less than a year after letting go 10% of its workforce. Salesforce Chief Executive Officer Marc Benioff and Chief Operating System Brian Millham disclosed the plan to Bloomberg on Thursday, as the company closed its annual Dreamforce conference in San Francisco. About a third of ...
Amid AI funding surge, defense technology startup Helsing raises €209M
Helsing GmbH, a startup developing artificial intelligence software for the defense sector, today announced that it has raised €209 million in funding. The Series B investment was led by General Catalyst. Saab AB, one of Sweden’s largest aerospace and defense companies, also contributed to the round. The Financial Times reported that Saab paid €75 million ...
Data breach at Caesars Entertainment compromises customer information
A data breach at Caesars Entertainment Inc. has compromised personal information belonging to a “significant” number of customers, the company disclosed today. Reno, Nevada-based Caesars is a major hotel and casino operator. It runs more than 50 properties worldwide and generated $10.8 billion in net revenue during its most recent fiscal year. The company disclosed ...
Databricks raises $500M in new funding at mammoth $43B valuation
Data management provider Databricks Inc. has raised more than $500 million in funding at a $43 billion valuation. T. Rowe Price Associates led the Series I round with contributions from a dozen other backers, Databricks detailed in its announcement of the investment today. Those other backers included Nvidia Corp. and Andreessen Horowitz. Capital One Ventures, Morgan ...
Reverse proxy maker ngrok debuts global server load balancing tool
Reverse proxy startup ngrok Inc. today debuted a GSLB, or global server load balancing, tool that promises to speed up application response times and reduce the risk of outages. The network traffic sent to a cloud service usually doesn’t flow directly to that service, but first goes through a system known as a reverse proxy. ...
Chrome, Firefox and other browsers affected by critical WebP vulnerability
Google LLC, the Mozilla Foundation and other browser makers have released patches to fix a zero-day vulnerability affecting the WebP image format. It’s believed that hackers are actively exploiting the flaw to launch cyberattacks. Google patched Chrome on Monday to fix the popular browser’s built-in WebP implementation. The Mozilla Foundation followed suit with a Firefox ...
Data management provider Denodo raises $336M from TPG
Denodo Technologies Inc., a provider of data management software, today announced that it has raised $336 million from private equity firm TPG. The transaction is described as a Series B investment. It included equity funding and a sale of secondary shares by HGGC, a private equity firm that became a Denodo investor in 2017. The ...
Stability AI debuts latent diffusion AI platform for generating audio
Stability AI Ltd. today introduced Stable Audio, a software platform that uses a latent diffusion model to generate audio based on users’ text prompts. The platform can generate up to 95-second clips across a variety of music genres. According to Stability AI, Stable Audio also lends itself to creating other types of audio including sound ...
IoT networking startup FloLive raises $47M
Networking startup FloLive Ltd., which helps companies link their sensors and other connected devices to the internet, today announced that it has raised $47 million in funding. Greenfield Partners and 83North led the Series C round. They were joined by Qualcomm Ventures, Dell Technologies Capital, Saban Ventures and Hazelnut Partners. Companies in industries such as ...