Maria Deutscher
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Cybersecurity provider Secureworks to let go 15% of its workforce
Secureworks Inc. is laying off 15% of its workforce in a bid to improve profitability and redirect more resources to its flagship cybersecurity product suite. The company disclosed the move in a regulatory filing released today. The restructuring comes six months after a previous round of layoffs that hit 9% of Secureworks’ workforce at the ...
Clari acquires rival Groove to enhance its sales platform
Well-funded sales software startup Clari Inc. has acquired rival Groove Labs Inc. to extend its feature set. The terms of the deal, which the companies announced this morning, weren’t disclosed. Groove co-founders Chris Rothstein and Austin Wang will join Clari following the transaction. They will oversee a product line that Clari plans to build using ...
Amazon adds AI-powered review summaries to its e-commerce marketplace
Amazon.com Inc. today introduced a generative artificial intelligence feature that will help online shoppers more easily decide whether a product is worth buying. On Amazon’s e-commerce marketplace, many product listings feature user-submitted reviews. The company’s new generative AI feature can analyze the reviews below a product listing and automatically create a summary. That summary consists ...
Cisco acquires telecommunications software startup Working Group Two for $150M
Cisco Systems Inc. is buying Working Group Two AS, a startup that develops software for powering carriers’ network infrastructure. The companies announced the deal on Thursday. Cisco is set to pay $150 million for Working Group Two and expects to close the acquisition by October 29, the last day of its current fiscal quarter. Norway-based ...
US cyber safety board to investigate cloud security and Exchange Online breach
The Cyber Safety Review Board has launched an investigation into the cybersecurity threats facing cloud service providers. The probe by the CSRB was first reported by Bloomberg late Thursday and confirmed today. As part of its investigation, the CSRB plans to look into a high-profile breach that hit Microsoft Corp.’s Exchange Online email platform earlier ...
Waymo and Cruise cleared to offer paid autonomous taxi services in San Francisco
The California Public Utilities Commission has granted Waymo LLC and Cruise LLC authorization to offer paid autonomous taxi trips in San Francisco. The authorization took the form of two resolutions that CPUC commissioners approved on Thursday. The resolutions specify that Waymo and Cruise may operate their autonomous taxis on a commercial basis without a safety driver ...
CyberArk’s shares jump on guidance-topping earnings results
Shares of CyberArk Software Ltd. jumped more than 12% today after the company posted quarterly results that topped both its guidance and the consensus analyst estimate. CyberArk makes software that helps enterprises manage employee access to their applications. Using the company’s tools, an organization can provide single sign-on and multifactor authentication features for its workers. ...
Delivery robot startup Serve Robotics to go public
Serve Robotics Inc., a startup that builds sidewalk robots for last-mile delivery tasks, is going public. San Francisco-based Serve Robotics announced the move this morning. In conjunction, the startup disclosed that it has closed a $30 million investment led by Nvidia Corp. and Uber Technologies Inc., from which it spun off in 2020. The startup’s total ...
Check Point Software buys secure networking startup Perimeter 81 for $490M
Check Point Software Technologies Ltd. is paying $490 million to buy Perimeter 81 Ltd., a startup that helps workers securely log into their companies’ internal applications. The acquisition was announced this morning. It’s a so-called cash free, debt free deal, which means Check Point Software isn’t assuming any of the cash or debt on Perimeter 81’s balance ...
White House launches contest to improve critical infrastructure cybersecurity with AI
The White House today announced the AI Cyber Challenge, a contest designed to improve the cybersecurity of the United States’ critical infrastructure. The contest was detailed during Black Hat USA 2023, a major cybersecurity event taking place this week in Las Vegas. The AI Cyber Challenge will run for two years. Participants will be tasked ...