Following its acquisition of Postmates Inc. last year, Uber Technologies Inc. today spun off the delivery provider’s robotics division previously known as Postmates X into a new company called Serve Robotics Inc. Serve Robotics debuts with an undisclosed amount of initial funding in a round led by Neo that included Uber, Long Journey Ventures, Western Technology ...

Private equity firm TPG Capital today announced it has signed a deal to acquire cybersecurity firm Thycotic Software Ltd. for $1.4 billion. Founded in 1996, Thycotic offers privileged access management solutions that are designed to protect an organization’s data, devices and code across cloud, on-premises data center and hybrid environments. The company’s PAM solutions are ...

Tether, the wholly owned division of iFinex Inc. that offers the USDT stablecoin, claims it’s being extorted by threat actors demanding a payment of 500 bitcoin ($24.625 million) not to publish allegedly stolen emails. In a series of tweets Sunday on its Twitter account, Tether said that documents circulating online purporting to be between Tether ...

Goldman Sachs Group Inc. will start a bitcoin desk with support for bitcoin futures and a form of short-term futures for clients next week, according to a report today from Reuters. The report describes Goldman Sachs as “restarting” its cryptocurrency desk amid a boom in bitcoin, but that may not be entirely correct. The company had advanced ...

The next range of Apple Inc. iPhones due out later this year will feature a smaller notch, which will then be replaced altogether in models next year, according to an investor note today from Apple analyst Ming-Chi Kuo. Kuo, who is famed for his remarkable accuracy in predicting future Apple trends, claims that the iPhone 13 lineup ...

A lab studying COVID-19 at the University of Oxford has been targeted by a cyberattack with at least some access gained to internal systems. First reported Feb. 25 by Forbes, the attack on Oxford’s Division of Structural Biology is believed to have occurred around the middle of February. Officially Oxford University is describing it as an isolated ...

Drone manufacturer Skydio Inc. today announced it has raised $170 million on a unicorn valuation topping $1 billion to enable it to expand globally and accelerate product development. The Series D round was led by Andreessen Horowitz’s Growth Fund and included Linse Capital, Next47, IVP and UP Partners. Skydio becomes the first U.S. drone company with a valuation ...

Cybersecurity asset management startup Axonius Inc. today revealed it has raised $100 million in new funding on a unicorn valuation of above $1 billion. The company plans to use the Series D round to expand its cybersecurity asset management platform to meet what it says is surging market demand. The round was led by Stripes and included ...

Airbnb Inc. today offered a very red first earnings report following its initial public offering in December, thanks less to the impact of the ongoing COVID-19 pandemic than stock compensation costs associated with that very IPO. For its fourth quarter, Airbnb reported a net loss of $3.89 billion, way up from a loss of $352 ...

Shares in Zscaler Inc. rose in after-hours trading today after the cloud security provider beat analysts’ expectations in its fiscal second-quarter earnings. For the quarter ended Jan. 31, Zscaler reported it earned an operating profit before costs such as stock compensation of $14.8 million or 10 cents a share on a 55% jump in revenue from ...