Duncan Riley
Latest from Duncan Riley
Connected device security startup Finite State Inc. announced today it has raised $30 million in new funding to scale up its business. Energize Ventures led the Series B round. Other investors included Schneider Electric Ventures and Merlin Ventures. Founded in 2017 by a team …
European Commission investigates Facebook Kustomer deal on competition grounds
The European Commission has launched an investigation into Facebook Inc.’s acquisition of customer service firm Kustomer Inc. on the grounds that the purchase may hurt competition. Facebook purchased Kustomer in December for a figure believed to be just over $1 billion. Kustomer, …
Industrial cybersecurity firm Nozomi Networks raises $100M to accelerate growth
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 …
‘Initial access brokers’ lead ransomware efforts by selling access to compromised networks
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 …
Zoom agrees to pay $85M to settle user privacy lawsuit
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 …
Square to buy Australian ‘buy now, pay later’ provider Afterpay for $29B
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 …
Xiaomi passes Apple as the world’s second-largest smartphone maker behind Samsung
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 …
Didi denies that it is going private to placate authorities in China
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 …
Fortinet shares drop despite strong earnings
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. …
SolCyber emerges from stealth with $20M in funding from ForgePoint
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 …