Duncan Riley
Latest from Duncan Riley
Shares in four cybersecurity-related companies — Cloudflare Inc., SailPoint Technologies Holdings Inc., NortonLifeLock Inc. and Netscout Systems Inc. — all dropped in extended trading today despite delivering mostly strong earnings reports. Red ink on share prices was the story of the day, …
Google confirms it has acquired microLED startup Raxium
Google LLC today confirmed it has acquired Raxium, a startup that develops microLED displays used in augmented reality headsets and other devices. It was first reported that Google had acquired the company in March. Although Google confirmed the acquisition, it has not …
NYSE owner ICE to acquire mortgage data company Black Knight for $13.1B
Intercontinental Exchange Inc., the owner of the New York Stock Exchange, today announced an agreement to acquire data technology and mortgage market infrastructure firm Black Knight Inc. for $13.1 billion. The deal is a cash-and-stock transaction and values Black Knight at $85 …
Fortinet shares rise in late trading on solid earnings beat
Shares in Fortinet Inc. rose in late trading after the cybersecurity company beat estimates in its latest quarterly earnings report. For the quarter ended March 31, Fortinet reported a profit before costs such as stock compensation of $155.1 million, or 94 cents …
Corporate virtual private network provider Tailscale raises $100M
Corporate virtual private network provider Tailscale Inc. today announced it has raised $100 million in new funding to expand product-led growth and scale out its go-to-market and strategic partner initiatives. CRV and Insight Partners led the Series B round, with Accel, Heavybit and …
Apple device management startup Mosyle raises $196M, launches new platform
Apple Inc. device management startup Mosyle Corp. revealed today that it has raised $196 million in new funding, and it announced the immediate availability of its Apple Unified Platform. Insight Partners led the Series B round, with StepStone Group, Elephant and Album VC …
UK’s National Health Service infected by massive phishing campaign
The U.K.’s National Health Service has been infected by a massive phishing campaign that resulted in hundreds of accounts on Microsoft 365 being compromised. Detailed today by researchers by email security firm INKY Technology Corp., the phishing campaign was first detected in October, …
Freshworks shares drop despite topping estimates
Shares in customer service and support software firm Freshworks Inc. dropped in late trading despite the company topping estimates in its latest earnings report. For the quarter ended March 31, Freshworks reported a loss before costs such as stock compensation of one cent …
Lyft shares plunge on weak outlook and increasing costs
Shares in Lyft Inc. plunged in late trading after the ride-hailing company reported a low-than-expected outlook and forecast increasing costs for driver incentives and marketing. For the quarter ended March 31, Lyft reported earnings before costs such as stock compensation of $24.6 …
API security startup Traceable AI raises $60M on $450M valuation
Application programming interface security startup Traceable Inc. announced today that it has raised $60 million in new funding to accelerate its growth by further investing in its product development and research efforts, bolstering its sales and marketing teams, and expanding global sales. The Series B …