Duncan Riley
Latest from Duncan Riley
Apple Inc. has filed a lawsuit against chipmaking startup Rivos Inc., alleging that it hired more than 40 former Apple employees and instructed them to copy information about Apple’s system-on-chip designs. The suit, filed in the U.S. District Court Northern District of …
Grindr user location data was reportedly collected and sold
A new report from The Wall Street Journal claims that the movements of users of the gay dating app Grindr were collected from an advertising network and made available for sale. The report says the information has been for sale since at …
Yuga Labs raises $320M in virtual land sales but causes Ethereum processing cost spike
A virtual land sale by Yuga Labs Inc. on Saturday evening raised about $320 million through the sale of virtual land but also caused the processing costs of Ethereum to spike at the same time. Yuga, the creators of the Bored Ape …
Managed Kafka streaming service Amazon MSK Serverless now generally available
Amazon Web Services Inc. today announced that Amazon MSK Serverless, a new serverless option for Amazon Managed Streaming for Apache Kafka, is now generally available. Amazon MSK is designed to scale resources instantly to meet an application’s demand, vastly simplifying real-time data ingestion …
Robinhood shares hit record low on yet another poor earnings report
Shares in Robinhood Markets Inc. dropped to a record low in late trading after the popular no-commission stock and cryptocurrency trading platform missed all estimates for the fourth straight quarter since going public in July. For the quarter ended March 31, Robinhood …
Zendesk shares rise on better-than-expected quarterly revenue
Shares of Zendesk Inc. rose slightly in late trading today after the customer service and sales software provider reported better-than-expected revenue in its first quarter. For the quarter ended March 31, Zendesk reported a profit before costs such as stock compensation of $15.1 …
Shares in collaboration software company Atlassian drop following third-quarter loss
Shares in Australian collaboration and application software company Atlassian Corp. PLC dropped in late trading today after it reported a loss in its latest quarter. For the fiscal third quarter ended March 31, Atlassian reported a net loss of $31.1 million, or …
Strategic intelligence platform startup Strider Technologies raises $45M
Strategic intelligence platform startup Strider Technologies Inc. announced today that it has raised $45 million in new funding to enhance its products, introduce new capabilities and expand its geographic presence to support demand across industry and government markets. Valor Equity Partners led the Series …
Data security platform startup Veza launches out of stealth with $110M in funding
Data security platform startup Veza Inc. launched out of stealth mode today with the announcement that it has raised $110 million in new funding. Investors in the Series C round include Accel, Bain Capital, Ballistic Ventures, GV, Norwest Venture Partners and True Ventures. …
Synopsys buys WhiteHat Security from NTT for $330M
Synopsys Inc. today signed a definitive agreement to acquire application security provider WhiteHat Security from Nippon Telegraph and Telephone Corp. for $330 million in cash. WhiteHat Security has been owned by NTT since 2019 and was rebranded as NTT Application Security. Founded in 2001 by …