Shares of Asana Inc. plunged in after-hours trading even though the team collaboration software provider beat market expectations in its latest earnings report. For the quarter ended Oct. 31, Asana reported a loss before costs such as stock compensation of $69.3 million, or 37 cents per share, down from $73 million, or 65 cents per share, a ...

“Internet of things” security startup Karamba Security Ltd. today announced that it has raised $10 million in new funding to accelerate the development of its product roadmap. Vietnamese automotive maker VinFast led the extension of Karamba’s Series B round, the round having been initially raised in 2017. Also participating in the extended funding round was SVIC, YL Ventures, ...

Microsoft Corp. today launched a new version of Microsoft Teams called Essentials, the first time the company has offered a standalone version of its popular online meeting solution. Microsoft Teams Essentials sits between the free version of Teams and the full Office 365 experience. For $4 per month, Teams Essentials gives subscribers unlimited group meetings ...

Fresh from stepping down from his position as chief executive officer of Twitter Inc., Square Inc. CEO Jack Dorsey today announced that Square is changing its corporate name to Block Inc. In a move reminiscent of Facebook’s decision to change its name to Meta Platforms Inc., the decision is said to reflect Square’s shift from a ...

Revenue at three security-related companies came in higher-than-expected in their latest quarterly earnings reports today, but it was a mixed bag in terms of how investors responded. Of the three, CrowdStrike Holdings Inc. saw the highest share increase, while Zscaler Inc. remained mostly flat. Okta Inc. saw its share price plunge before recovering in late ...

Cybersecurity startup CyCognito Inc. today announced that it has raised $100 million in new funding. The Westly Group led the Series C round. Also participating were Thomvest Ventures, The Heritage Group, Accel, LightSpeed Venture Partners, Sorenson Ventures and UpWest. Including the new funding, the company has raised $154 million to date, including a round of $30 million in ...

“Green” bitcoin mining firm Griid Infrasture LLC is set to go public via a special-purpose acquisition company merger. Under the merger deal, Griid will merge with Adit EdTech Acquisition Corp. to form a company with a market cap of about $3.3 billion. The $246 million raised by Adit EdTech, which is listed on the New York ...

Bret Taylor has been promoted to co-chief executive officer of Salesforce Inc. on the same day that the company’s shares dropped in after-hours trading on a lower earnings forecast than expected. Appointing Taylor as co-CEO is a big move from Salesforce, given that founder Marc Benioff has led the company since 2001, though he has ...

Israeli DevOps security startup Cycode Ltd. announced today it has raised $56 million in new funding to fuel sales growth and accelerate the development of its product roadmap. Insight Partners led the Series B round, with YL Ventures also participating. Including the new funding, Cycode has raised $81 million to date, including a round of $20 ...

Researchers at cybersecurity solutions firm F-Secure Corp. today revealed they have discovered a range of security vulnerabilities that affect more than 150 multifunction printers from HP Inc. The researchers, Timo Hirvonen and Alexander Bolshev, started with testing one printer from HP to see if it was vulnerable to hacking. It was, and using those initial findings, ...