Duncan Riley
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Shares in Lyft Inc. dropped in after-hours trading after the ride-hailing company reported a lower-than-expected outlook. Lyft reported adjusted earnings before interest, taxes, depreciation and amortization of $74.7 million or nine cents per share in the quarter ended Dec. 31, up from …
Mandiant shares surge on Microsoft takeover report, strong earnings
Shares in Mandiant Inc. surged today after a report that Microsoft Corp. is in talks to acquire the company, as the cybersecurity company Mandiant reported stronger-than-expected earnings. Bloomberg, referencing people familiar with the matter, reported that the private talks may not result …
Operational technology cybersecurity startup Shift5 raises $50M for product development
Operational technology cybersecurity startup Shift5 Inc. announced today it has raised $50 million in new funding to make significant investments in product development and new talent across all its teams to keep pace with demand across transportation and national defense industries. Insight …
Data fabric solutions startup Promethium raises $26M to scale up customer growth
Data fabric solutions startup Promethium Inc. announced today that it has raised $26 million in new funding to scale up new customer growth with additional hiring and build out its product. Insight Partners led the Series A round, with 406 Ventures and Zetta Venture …
Apple reportedly acquires UK startup AI Music
Apple Inc. has reportedly acquired AI Music, a startup that uses artificial intelligence to create tailor-made music. As is typical with companies that Apple acquires, there is no official confirmation or denial of the acquisition. Bloomberg reported today that the deal was complete in …
Nvidia’s $66B acquisition of Arm called off on regulatory concerns
Updated: Nvidia Corp.’s $66 billion deal to acquire Arm Ltd. has been called off, nixed by regulatory concerns. The companies, along with Arm owner SoftBank Group Corp., announced the collapse of the deal late Monday night. Arm said it will now prepare …
Washington state Department of Licensing hit by a potential data breach
The Washington state Department of Licensing has disclosed a potential data breach that may have exposed the details of about 250,000 professional licenses. The department is fairly vague on what was involved, saying only in a statement that it became aware of …
Cyberattack compromises emails at News Corp. outlets
A cyberattack has struck media company News Corp., compromising the emails of journalists. The attack was detected on Jan. 20 and affected News Corp. publications and business units, including The Wall Street Journal and its parent company Dow Jones, the New York …
DHS establishes Cyber Safety Review Board to elevate cybersecurity
The U.S. Department of Homeland Security today announced the establishment of the Cyber Safety Review Board that will bring together government and industry leaders to elevate cybersecurity. The establishment of the CSRB is the result of a Biden Administration executive order in …
Trust Machines raises $150M to expand bitcoin as a web3 platform
Blockchain startup Trust Machines launched out of stealth mode today with $150 million in funding to expand bitcoin as a web3 platform. Venture capital firms participating in the round include Breyer Capital, Digital Currency Group, GoldenTree, Hivemind and Union Square Ventures. Web3 is the name given …