Duncan Riley
Latest from Duncan Riley
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. …
Report finds API attack traffic growing three times faster than regular traffic
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 …
Password management provider 1Password raises $100M for further growth
Password management software provider 1Password announced today that it has raised $100 million in new funding to accelerate the company’s business growth and keep delivering new cybersecurity solutions. Accel led the Series B round. Also participating in the round were Sound Ventures, Skip Capital …
IronNet launches cybersecurity alliance to protect commercial space development
Space may be the final frontier, but that doesn’t exclude it from the risk of cyberattack. In an age when ransomware gangs take advantage of the COVID-19 pandemic and target companies and organizations trying to help, space doesn’t get a free pass. …
Justice Department reportedly considering Tether bank fraud charges
The U.S. Department of Justice is reportedly considering charges against executives at iFinex Inc., the company behind the stablecoin Tether, for alleged bank fraud. Tether (USDT), the third-largest cryptocurrency by valuation, is used to trade other cryptocurrencies and has had a colorful …
Uber Freight buys shipping software company Transplace for $2.25B
Uber Freight, the majority-owned logistics arm of Uber Technologies Inc., today said it’s acquiring shipping software company Transplace Inc. for $2.25 billion. Uber Freight is acquiring the company from TPG Capital in a deal that consists of $750 million in common Uber …
Kaseya obtains master decryptor for victims of REvil ransomware attack
Information technology management software firm Kaseya Ltd. has obtained a master decryptor for victims of the REvil ransomware attack that targeted its customers earlier this month. Kaseya said in a security update today that it has obtained the tool from a third …
Snap smashes forecast with stronger-than-expected earnings and user growth
Shares in Snap Inc. surged in after-hours trading today after the social media company smashed analysts’ estimates for its quarterly earnings. For the quarter ended June 30, Snap reported revenue jumped 116% from a year ago, to $982 million. Adjusted earnings before …
Twitter shares rise as advertising growth delivers strong earnings
Shares in Twitter Inc. rose in after-hours trading today after the microblogging company beat analyst expectations thanks to strong advertising growth. For the quarter ended June 30, Twitter reported revenue shot up 74% from a year ago, to $1.19 billion. The growth in …
Healthcare price comparison startup Turquoise Health raises $5M from Andreessen Horowitz
Healthcare price comparison startup Turquoise Health announced today it has raised $5 million in funding to support product development. Andreessen Horowitz led the seed round. Other investors included Bessemer Venture Partners and Box Group and individual investors such as Henry Ward, Megan Callahan, …