Data management startup Alcion Inc. today launched Alcion for Partners, a new artificial intelligence-powered partner program for managed service providers that allows them to modernize their Microsoft 365 backup offerings. The new program has been designed to accelerate and modernize MSPs’ Microsoft 365 backup business while reducing management and procurement toil. The program does so by providing ...

Crowdsourced cybersecurity platform startup Bugcrowd Inc. today announced it has raised $102 million in new funding to accelerate growth and consider strategic mergers and acquisitions. Founded in 2012, Bugcrowd connects companies and their applications to security researchers to identify critical software vulnerabilities. Bugcrowd’s main offering is a bug bounty program that enables its clients to pay security ...

It was a tale of different outcomes today from leading cybersecurity and content delivery network providers, with Cloudlare Inc. shares surging over 20% after hours, Dynatrace Inc. shares falling 8% in regular trading and CyberArk Software Ltd. shares closing up 8%. For the quarter that ended Dec. 31, Cloudflare reported adjusted net income of 15 ...

Security operations cloud platform startup LimaCharlie announced today that it has raised $10.2 million in new funding to introduce new capabilities to its platform. Founded in 2018 as Refraction Point Inc., LimaCharlie offers a SecOps cloud platform that allows organizations to tailor their security stack to fit their needs via an open application programming interface. Delivered as ...

Quantum computing startup Nord Quantique Inc. today revealed promising results from its latest research paper demonstrating quantum error correction to improve qubit coherence lifetime at the individual qubit level. The company claims the ability is a world-first. Quantum error correction to improve qubit coherence lifetime at the individual qubit level uses techniques designed to protect quantum information stored in ...

A new report released today by blockchain analytics firm Chainalysis Inc. finds that ransomware payments hit $1.1 billion in 2023, the highest amount of record and close to double the $567 million in payouts in 2022. Ransomware operations were found to have increased in both scope and complexity throughout the year, marking a troubling trend for global cybersecurity. ...

Shares in Rapid7 Inc. fell nearly 5% in after-hours trading today after the cybersecurity solutions provider offered weaker-than-expected guidance for 2024. For its fourth quarter ended Dec. 31, Rapid7 reported adjusted earnings per diluted share of 72 cents, up from 35 cents in the same quarter of last year, on revenue of $205.3 million, up ...

Unified data control startup Securiti Inc. today announced the release of “AI Governance,” a new solution that offers comprehensive management of artificial intelligence compliance and risk across organizations. AI Governance combines discovery and mapping of AI models, risk evaluation, and data privacy and security controls. The solution also helps organizations adhere to standards such as the National Institute of Standards ...

Payments company Entrust Corp. has reportedly entered an agreement to acquire British identity verification and authentication startup Onfido Ltd. for a sum possibly as high as $650 million, according to multiple reports today. TechCrunch said the deal has been signed and the acquisition price was “well above” $400 million, while Reuters said it’s close to being signed for $650 million. Officially, ...

Shares in Snap Inc. plunged by over 30% in late trading today after the company fell short on revenue and offered weak guidance for the quarter ahead. For the quarter that ended Dec. 31, Snap reported adjusted earnings per share of eight cents, down from 14 cents in the same quarter of last year, on ...