Artificial intelligence and machine learning systems cybersecurity startup Protect AI Inc. today announced it has raised $35 million in new funding to scale up sales and marketing, go-to-market activities, research and development and customer success initiatives. The company was founded in 2022 by former Amazon Web Services Inc. and Oracle Corp. employees, including Chief Executive Officer Ian Swanson, who ...

Real-time fraud and risk management platform startup Effectiv today announced that it has raised $4.5 million in additional seed funding to help organizations fight financial fraud. Two-year-old Effectiv, the trade name of Abra Innovations Inc., offers a fraud and risk management platform with artificial intelligence solutions for financial institutions and fintech companies. The platform uses AI-driven ...

Shares in Tenable Holdings Inc. rose more than 7% in late trading after the cybersecurity exposure management firm reported strong beats in earnings and revenue in its latest quarter. For its second quarter that ended June 30, Tenable reported earnings per share of 22 cents before costs such as stock compensation, up from five cents per ...

Shares in Snap Inc. plunged by more than 18% in late trading despite the company beating earnings and revenue expectations in its latest quarter. The problem? Its first outlook in over a year fell short of expectations. For its second quarter that ended June 30, Snap reported a loss before costs such as stock compensation ...

Data privacy compliance startup DataGrail Inc. today announced a new managed services offering designed to offload the burdens of day-to-day data privacy management. DataGrail said its Managed Services offering relieves companies of the complexities associated with routine data privacy management. Managed Services is aimed at streamlining corporate resources and eliminating the need for extra personnel by taking ...

Solink Corp., a cloud video surveillance company, announced today that it has raised $60 million in new funding to expand its global coverage and to invest in the future of physical security through new artificial intelligence-native products. Founded in 2009, Solink offers a security platform for secure and real-time access to security cameras and pertinent business intelligence. ...

Enterprise software provider OpenText Corp. today announced the release of its latest Cloud Editions product that now harnesses artificial intelligence and analytics capabilities. OpenText Cloud Editions 23.3, released as part of the company’s two-year “Titanium X journey,” expands OpenText’s offering with enhanced analytics to provide businesses with the ability to garner intelligent, data-driven insights more quickly and effectively. The ...

Shares in F5 Inc. surged in late trading today after the application security firm reported beats in both earnings and revenue in its latest quarter. For its fiscal third quarter, F5 reported earnings per share of $3.21 before costs such as stock compensation, up from $2.57 in the same quarter of last year, on revenue of $703 ...

Kubernetes platform provider D2iQ Inc. today announced DKP AI Navigator, a new integrated artificial intelligence chatbot designed to give organizations the power to overcome the Kubernetes skills gap. Pitched as ushering in a “new era in cloud-native computing,” the natural-language AI assistant is aimed at simplifying Kubernetes management and enabling DevOps teams to solve the most complex problems ...

A new report from IBM Security today finds that the relentless rise in data breach costs continues unabated in 2023, with the global average data breach cost increasing to $4.45 million, up 15% over the last three years. The 2023 Cost of a Data Breach Report is based on an in-depth analysis of real-world data breaches experienced by ...