Duncan Riley
Latest from Duncan Riley
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 …
Attack on Viasat satellite internet service blamed on Russia
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 …
Coinbase shares plunge on big earnings and revenue miss
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 …
YL Ventures closes fifth fund with $400M to invest in Israeli cybersecurity startups
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 …
Illinois college closes partly from impact of cyberattack
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, …
Uber to slash marketing and incentive costs, treat hiring as a ‘privilege’
Uber Technologies Inc. Chief Executive Dara Khosrowshahi has told staff in an email that the company plans to slash costs on marketing and incentives and will treat hiring as a “privilege.” The email, which was sent to staff on Sunday, according to CNBC, …
Bitcoin drops to lowest level since July amid broader fall in equity markets
The price of bitcoin dropped below $30,000 today, its lowest since July 2021, as investors sold the cryptocurrency amid a broader fall in equity markets. Although it’s easy to pay attention to the drop in bitcoin alone, the Dow Jones Industrial Average …
While fintech funding drops, crypto finance named as an emerging opportunity
In a follow-up to its latest quarterly venture capital report, PitchBook has done a deep dive into financial technology companies and, like the rest of the market, venture capital funding in the sector dropped last quarter. However, there are emerging opportunities going …
White House memo aimed at maintaining quantum computing leadership, mitigating risks
U.S. President Joe Biden has signed a National Security Memorandum aimed at maintaining leadership in quantum information science and mitigating the risks of quantum computing to national security. The memorandum released Wednesday details both the benefits and risks of quantum computing, with the …
Despite earnings and revenue miss, Block shares defy market trends and rise
Shares in Block Inc. defied market trends and rose in late trading today despite the company, previously known as Square Inc., missing estimates on earnings and revenue in its latest quarter. For the quarter ended March 31, Block reported adjusted earnings per …