Duncan Riley
Latest from Duncan Riley
Zoom Video Communications Inc. late today announced that it has entered a deal to acquire cloud contact center provider Five9 Inc. in an all-stock transaction valued at $14.7 billion. Founded in 2001, Five9 offers cloud software for the enterprise contact center market …
Scribd reportedly planning to going public on a $1B valuation
Document, book and audiobook subscription firm Scribd Inc. is in discussions to go public later this year, according to a report today from Bloomberg. The report, referencing people with knowledge of the matter, said the company has held talks with potential advisers on …
Cloud-based network management software firm Auvik raises $250M
Cloud-based network management software firm Auvik Networks Inc. has raised $250 million in new funding to accelerate product development and global reach. The funding, announced today, came exclusively from Great Hill Partners, which have now taken a majority stake in the company. …
New US initiative to target ransomware offers rewards of up to $10M
The U.S. government today announced several new measures to combat ransomware, including rewards of up to $10 million for information leading to the identification of those behind the cybersecurity attacks. The rewards program is being administered by the U.S. Department of State’s …
Mespinoza ransomware gang flies under the radar while expanding attacks
A new report from Palo Alto Networks Inc.’s Unit 42 released today details a prolific ransomware gang that has mostly gone under the radar amid attacks from better-known groups such as REvil, DarkSide and Ragnar Locker. Called Mespinoza, the ransomware gang uses what the …
OT and IoT attacks rise as ransom payments are expected to hit $20B this year
Attacks on operational technology and the “internet of things” are rising, but a new report has put numbers on the attacks and the figures are even more disturbing than expected. As detailed in a report from Nozomi Networks SA, the number of …
Investment startup M1 Finance raises $150M on unicorn valuation of $1.45B
Investment application startup M1 Finance LLC said today it has raised $150 million in a late-stage funding round to develop new products and features and enhance customer service. SoftBank Vision Fund 2 led the Series E round. Other investors included Coatue Management, Left …
Cybersecurity startup Virsec raises $100M in round led by BlueIO
Cybersecurity startup Virsec Systems Inc. disclosed today that it has raised $100 million in new funding to hire more people, meet product demand and build out its customer support model. BlueIO led the Series C round. Other investors included Allen & Co., Arena …
NortonLifeLock in talks to acquire security software maker Avast
Cybersecurity software and services firm NortonLifeLock Inc. is in talks to acquire security software maker Avast plc in a deal that could value Avast at more than $8 billion. According to The Wall Street Journal today, the two companies are in advanced …
US venture capital still on fire and on pace for another record-setting year
Venture capital activity in the U.S. rose in the first half of 2021 and is on pace for another record-setting year, according to the latest PitchBook-NVCA Venture Monitor report released today. PitchBook-NVCA found that in the first half, various forms of VC financing …