Industrial cybersecurity firm Nozomi Networks Inc. said today it has raised $100 million in new funding to help accelerate the company’s growth. Triangle Peak Partners led the Series D round. Other investors included Forward Investments, Honeywell Ventures, In-Q-Tel, Keysight Technologies, Porsche Ventures, Telefónica Ventures, GGV Capital, Lux Capital, Energize Ventures, Planven Entrepreneur Ventures and Activate Capital. Founded ...

A new report into so-called “initial access brokers” from threat intelligence firm Kela Research and Strategy Ltd. has detailed some disturbing trends in the criminal internet underworld and those involved in ransomware endeavors. The Kela report was based on exploring over 1,000 access listings over the last year. IABs are threat actors who sell access to ...

Zoom Video Communications Inc. has agreed to pay $85 million to settle a lawsuit that accused the company of violating user privacy and allowing others to jump into Zoom calls. The lawsuit alleged that Zoom shared the data of millions of users with Facebook Inc., Google LLC and LinkedIn. Further, it was alleged that the ...

Square Inc. today entered an agreement to buy Australian “buy now, pay later” firm Afterpay Ltd. in a deal worth $29 billion. The two companies have entered into a Scheme Implementation Deed under which Square will make the purchase through shares. Under the deal, by court-approved Scheme of Arrangement, Afterpay shareholders will receive 0.375 shares ...

Chinese phone manufacturer Xiaomi Inc. has surpassed Apple Inc. to become the world’s second-largest smartphone maker, with Samsung Electronics Co. Ltd. maintaining its market lead in the second quarter. The latest global smartphone sales data from Counterpoint Technology Market Research shows a mixed bag of results, with the market growing 19% year-over-year but sales numbers dropping ...

Chinese ride-hailing giant Didi Global Inc. today formally denied a report from The Wall Street Journal that it was planning to take the company private to placate authorities in mainland China. The report claims that Didi could compensate investors for losses incurred since its U.S. public listing in late June by taking the company private. ...

Shares in Fortinet Inc. dropped slightly in after-hours trading today despite the company reporting strong results in its second-quarter earnings. For the quarter ended June 30, Fortinet reported revenue of $801.1 million, up 30% from $617.6 million in the same quarter of 2020. Earnings in the quarter came in at $135.7 million or 82 cents per ...

Managed security service provider SolCyber Managed Security Services Inc. launched out of stealth mode today and announced that it has raised $20 million in funding. The Series A round came exclusively from ForgePoint Capital and will be used to extend its technology offerings, build market awareness, drive customer growth and support an aggressive hiring strategy. Pitching itself ...

Web 3.0 infrastructure network startup Biconomy announced today that it has raised $9 million to scale up its current products and ensure its multiblockchain transaction infrastructure is ready for next-generation Web 3.0 applications. DACM and Mechanism Capital led the private funding round. Other investors included Coinbase Ventures, Coinfund, True Ventures, Bain Capital Ventures, NFX, Proof ...

A new report from Salt Security Inc. out today has found that the amount of attack traffic targeting application programming interfaces is growing at triple the rate of regular API traffic, among other concerning findings. The Salt Labs State of API Security Report, Q3 2021 edition, based on six months of data, reveals significant challenges in addressing ...