Governance and administration solution startup BalkanID Inc. launched out of stealth mode today with $5.75 million in funding to accelerate product and customer development. The seed round included Uncommon Capital, Afore Capital, Sure Ventures and a number of prominent technology executives. The company was founded by Subbu Rama (pictured), previously co-founder at Bitfusion, Jeremy Patton, former engineering lead at Bitfusion, ...

Email security startup Material Security Inc. announced today that it has raised $100 million in new funding to extend the product into new areas and expand internationally. Founders Fund led the Series C round, with Andreessen Horowitz, Elad Gil and other high-profile individual tech investors also participating. The funding was raised on a valuation of $1.1 billion, giving ...

Apple Inc. may be set to abandon its proprietary Lightning port and switch to USB-C, at least according to esteemed Apple analyst Ming-Chi Kuo. Kuo claimed today on Twitter that his latest survey indicates that in the second half of 2023, new iPhones will switch to the industry USB-C standard. Kuo noted that the USB-C port could improve the ...

Shares in ForgeRock Inc. dropped in late trading after the digital identity management company predicted a lower-than-expected earnings outlook. The company also announced a new artificial intelligence-driven anti-fraud solution. For the quarter ended March 31, ForgeRock reported a loss before costs such as stock compensation of $10.1 million, or 12 cents per share, compared with a ...

Intel Corp. today announced a new service code-named “Project Amber” designed to provide organizations with remote verification of trustworthiness in cloud, edge and on-premises environments. With a need for organizations to meet growing security needs, the service focuses on one of the most critical security elements for any organization: trust. Project Amber operates as an ...

Israeli cybersecurity startup Sunday Security today revealed that it has raised $4 million in funding to elevate cyber-risk protection for senior executives and key personnel across the entire spectrum of their online digital identities and interactions. The seed round was led by MoreVC, with the participation of John Donovan, former chief executive officer of AT&T Inc., Amit Singh, ...

An attack that resulted in widespread outages on the Viasat satellite internet service in February has officially been attributed to Russia. That Russia was likely to blame was always likely given the attack occurred ahead of the country’s invasion of Ukraine, but the finger has now been squarely pointed by the U.S., the U.K. and ...

Shares in Coinbase Global Inc. plunged in late trading after the cryptocurrency exchange missed estimates in its latest quarter. For the fiscal first quarter ended March 31, Coinbase reported a net loss per share of $1.98 compared to a profit of $3.80 per share in the same quarter of 2021. Revenue came in at $1.165 ...

Venture capital firm YL Ventures GP Ltd. has closed its fifth fund with $400 million, the largest seed-stage cybersecurity fund ever raised. The YLV V follows on from YL’s fourth fund of $120 million in July 2019 and will be used to champion Israeli cybersecurity innovation. The fund will bring YL’s total assets under management to $800 ...

A rural college in Illinois is closing down partly as a result of a cyberattack that struck the education facility in December. Lincoln College described the attack only as a “cyberattack” that thwarted admissions activities and hindered access to all institution data, creating an unclear picture of the school’s fall 2022 enrollment projections. All systems ...