Shares of Rivian Automotive Inc. rose more than 3% in late trading today after the electric car maker reported mixed earnings and revenue results in its third quarter and announced that it was ending its electric van exclusivity agreement with Amazon.com Inc. Rivian reported an adjusted loss of $1.19 per share on revenue of $1.337 billion. Analysts ...

Shares of content delivery network and cloud services provider Akamai Technologies Inc. and cybersecurity company Gen Digital Inc. rose in late trading today after both beat revenue expectations in their latest quarterly earnings reports. For its third quarter that Sept. 30, Akamai reported adjusted earnings per share of $1.63, up 29% year-over-year, on revenue of $965 million, ...

Kubernetes operations and cost management startup CAST AI Group Inc. today announced that it has raised $35 million in new funding and also debuted two new features at KubeCon + CloudNativeCon in Chicago. The new funding will be used to enhance CAST AI’s Kubernetes cost optimization platform by expanding capabilities, accelerating innovation and improving customer savings and ...

Israeli phishing protection startup Ironscales Ltd. today announced an update to its platform capabilities aimed at bolstering defenses against the surge in image-based phishing attacks, including those using QR codes. The Ironscales Fall 2023 release introduces sophisticated machine learning protections tailored to counter image-based threats, as well as automation features for phishing simulation testing. The ...

Software-as-a-service user management platform Frontegg Ltd. today unveiled Frontegg ForwardTM, a customer identity and access management platform designed to fuel growth for software-as-a-service companies. The platform introduces four innovations aimed at streamlining user management, bolstering security and offering predictive insights, which Frontegg claims will be essential for the next decade of SaaS growth. The service includes out-of-the-box ...

Intel Corp. is the leading candidate to receive billions in U.S. government funding to build secure facilities that produce microchips for the military, according to a report from the Wall Street Journal today. The facilities, which have not yet been disclosed, would be designated as a “secure enclave” to reduce the military’s dependence on chips ...

Shares of RingCentral Inc. jumped over 7% in after-hours trading today after the cloud communications company delivered healthy earnings and revenue beats in its latest quarter. For its third quarter ended Sept. 30, RingCentral reported adjusted earnings per share of 78 cents, up from 55 cents per share in the same quarter of last year, ...

Fresh off of acquiring Dig Security Solutions Ltd. at the end of October, Palo Alto Networks Inc. has continued its acquisition spree by announcing today that it’s acquiring Israeli enterprise browsing platform company Talon Cyber Security Ltd. for a reported $625 million. The companies didn’t provide details, but according to a report today in Ctech by Calcalist, ...

Financial technology firms Coinbase Inc. and Block Inc. both reported quarterly earnings today and it was a tale of two different outcomes, as Coinbase shares fell on declining trading volume and Block shares surged as much as 17% on higher-than-expected growth. For its fiscal third that ended Sept. 30, Coinbase reported an adjusted loss of ...

Shares in Atlassian Corp. fell about 10% in after-hours trading today after the Australian collaboration software company reported a widening loss in its latest quarter report. For its fiscal first quarter ending Sept. 30, Atlassian reported a net loss of $31.9 million, or 12 cents per share, compared with a loss of $13.7 million, or ...