Chipmaker Arm Ltd. today filed a lawsuit against Qualcomm Inc. alleging breach of contract and trademark infringement concerning designs from Nuvia, the chip startup Qualcomm acquired for $1.4 billion in January 2021. In the lawsuit, Arm claims that Qualcomm attempted to transfer Nuvia licenses without consent and as such, it terminated Nuvia’s licenses in March. ...

“Internet of things” cloud platform provider Samsara Inc. reported higher-than-expect revenue in its second quarter thanks to increasing demand for its services. For the quarter, which ended July 30, Samsara reported a net loss before costs such as stock compensation of $20.2 million, or four cents per share, compared with a loss of $29.9 million, ...

SentinelOne Inc. and Okta Inc. reported earnings beats and better-than-expected forecasts in their latest quarters, but problems with the integration of Auth0 Inc. saw Okta shares plunge in late trading. For its second quarter ended July 31, SentinelOne reported a loss before costs such as stock compensation of 20 cents per share, down from a loss of 38 ...

Identify verification and fraud prevention company Authenticate.com today announced the launch of its Identity Verification Infrastructure as a Service that integrates photo identification and passport authentication into any application or platform. Designed for high-risk businesses, the new service provides an easy way to integrate ID verification with optional support for facial recognition, liveness detection, knowledge quizzes ...

Zero-trust security startup Xage Security Inc. has today launched a new consulting and services arm designed to accelerate cybersecurity defense transformation and to help operators meet security requirements ahead of compliance deadlines. Xage Cybersecurity Services features a full lifecycle of consulting and global implementation capabilities. The service analyzes and evaluates current systems and networks for vulnerabilities and gaps against ...

A new study released today by cybersecurity asset management firm Axonius Inc. finds that software-as-a-service security is lagging behind despite the ongoing adoption of SaaS among enterprises. The study, based on a survey of enterprises in the U.S. and Europe, found that 74% of respondents reported more than half of their applications are now SaaS-based, up ...

Application programming interface security startup Traceable Inc. today announced the general availability of its API Security Testing offering which enables any API in pre-production to be tested for vulnerabilities, accuracy, reliability and overall security. Offered as part of Traceable’s API Security Platform, the new comprehensive and seamless testing ability is designed to ensure organizations are aligned with the highest ...

Listed student loans and financial services provider Nelnet Inc. has suffered a data breach, exposing some 2.5 million records belonging to the Oklahoma Student Loan Authority and EdFinancial Services LLC. According to an Aug. 26 sample notification letter, Nelnet Serving, a division of Nelnet that provides services to third parties, informed OSLA and EdFinancial on ...

Snap Inc. reportedly is about to begin laying off around 20% of its workforce as soon as Wednesday, according to a report published today in The Verge. The layoffs are said to hit some departments harder than others, with a team working on ways for developers to build mini-apps and games inside Snapchat expected to be ...

Shares in CrowdStrike Holdings Inc. were flat in late trading despite the cybersecurity company reporting a solid earnings beat and a revised outlook thanks to continuing strong growth. For its second quarter that ended July 31, CrowdStrike reported a profit before costs such as stock compensation of $85.9 million, or 36 cents per share, way up ...