Duncan Riley
Latest from Duncan Riley
Defense tech startup Anduril raises $450M to turn ‘warfighters into invincible technomancers’
Defense technology startup Anduril Industries Inc. said today that it has raised $450 million in new funding to “turn allied warfighters into invincible technomancers.” Serial entrepreneur and investor Elad Gil led the Series D round. Other investors included Andreessen Horowitz, 8VC, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners and D1 Capital Partners. The round was raised ...
Fintech startup Wise to go public via direct listing in the UK
Fintech startup Wise today announced plans to go public via a direct listing, a first by a tech company on the London Stock Exchange. Founded in 2011 as Transferwise Ltd. by former Skype employees Taavet Hinrikus and Kristo Kaarmann (pictured), the company was “born of frustration” with the costs of transferring money from one person to ...
Ocean and air freight benchmarking startup Xeneta raises $28.5M
Ocean and airfreight benchmarking and market intelligence platform startup Xeneta AS today revealed it has raised $28.5 million in new funding to scale up operations, develop commercial and technical partner channels, expand into new regions and build out its in-house data analyst team. Lugard Road Capital led the Series C round. Other investors included Creandum and Investinor. The ...
1B+ CVS Health customer records exposed on unsecured cloud database
More than 1 billion customer records belonging to CVS Health Corp. have been found exposed online in the latest tale of unsecured cloud data storage. Discovered and publicized today by security researcher Jeremiah Flower working for WebsitePlanet, the nonpassword-protected database had no form of authentication and was exposed to all and sundry. The database included visitor ...
Commercial Apache Kafka startup Confluent to raise up to $759M in its IPO
Commercial Apache Kafka startup Confluent Inc. today set the terms of its initial public offering, seeking to raise up to $759 million on a potential $8.33 billion valuation. Confluent announced on April 23 that it had confidentially filed to go public. Under the terms of the offering, the company will offer 23 million shares at ...
AI-powered customer relationship startup Introhive raises $100M round
Artificial intelligence-powered customer relationship management startup Introhive Services Inc. announced today it has raised $100 million in new funding to do strategic acquisitions and expand its global footprint. PSG led the Series C round. Other investors included Bank of America Securities, the Business Development Bank of Canada, Aegis Group Partners, Evergreen Coast Capital and Mavan Capital Partners. ...
Home management platform provider Thumbtack raises $275M on $3.2B valuation
Home management platform provider Thumbtack Inc. today revealed it has raised $275 million in a new late-stage round of funding. Qatar Investment Authority led the Series G round. Other investors included Blackstone Alternative Asset Management, G Squared, Baillie Gifford, CapitalG (Alphabet), Founders Circle Capital, Sequoia Capital and Tiger Global Management. The round was raised at a ...
Social planning app startup IRL raises $170M on unicorn valuation of $1.17B
Social planning application startup IRL announced today it has raised $170 million in new funding to expand its user base internationally. The Series C round in IRL, which stands for “in real life,” was led by SoftBank Vision Fund 2. Other investors included Dragonneer, Goodwater Capital, Founders Fund and Floodgate. The funding was raised on a ...
UK investigation will probe Apple’s and Google’s dominance in mobile ecosystems
The United Kingdom’s competition watchdog has launched an investigation into Apple Inc.’s and Google Inc.’s dominance in mobile ecosystems and whether that market power harms users and other businesses. The Competition and Markets Authority will be digging into what it describes as the firms’ “effective duopoly” in operating systems, app stores and web browsers. In ...
Leak shows screenshots of Windows 11 ahead of launch event
Ahead of Microsoft Corp.’s launch event June 24 for the next generation of Windows, screenshots of a pre-release build of Windows 11 have found their way to the internet. The news today that there will be a new version of Windows, the first in a decade, has come quickly. Windows 10, released in 2015, was said ...