DigitalOcean Inc., provider of a “developer cloud” aimed at simplifying the creation of modern apps, today announced it has raised $50 million on a $1.15 billion valuation, giving the company “unicorn” status for the first time. The Series C round was led by Access Industries and included Andreessen Horowitz. DigitalOcean said the funding would be used ...

Websites belonging to Texas courts have been targeted in a ransomware attack and were shut down late last week as a consequence. The attack was disclosed by the Office of Court Administration for Texas in a statement Monday. The ransomware attack was detected on Friday, May 8, and is described as occurring in “overnight hours.” ...

The REvil ransomware hacking group has targeted Grubman Shire Meiselas & Sacks, a high-profile entertainment law firm that represents celebrities such as Lady Gaga, Madonna, Elton John, Barbara Streisand, Bruce Springsteen, Mariah Carey and Mary J. Blige. First uncovered by security researchers at Emisoft Ltd., the 756 gigabytes of data stolen from the law firm ...

Messaging startup Telegram Group Inc. today said it has abandoned its efforts to build the Telegram Open Network and associated Gram cryptocurrency in the face of opposition from the U.S. Securities and Exchange Commission. The decision by Telegram to abandon its plan did not come cheap. The company had raised $1.7 billion in presales from some ...

Israeli electric motion technology startup IRP Systems Ltd. announced today that it has raised $17 million in new funding to develop its technology and hire more people. The Series B round was led by Fosun RZ Capital and included JAL ventures, Entrée Capital, Tal Capital, Union Tech Ventures, Cendana Capital and Champion Motors. Founded in 2015, ...

Electronic design automation firm Synopsys Inc. today released a new report on the security risks in open-source software — and the findings are concerning. The 2020 Open Source Security and Risk Analysis report from the Synopsys Cybersecurity Research Center was based on over 1,250 audits of commercial codebases. Noting that open source continues to play a critical ...

The price of bitcoin dropped slightly Monday following the “halving” of the cryptocurrency, with some bitcoin miners reported to be quitting the business because of lower rewards. The bitcoin halving, the third time the process has taken place, has seen the rewards given to those who mine bitcoin drop by half from 12.5 bitcoin to ...

Automatic teller machine maker and payment technology company Diebold Nixdorf Inc. has suffered a ransomware attack that disrupted some operations. First reported today by security researcher Brian Krebs, the ransomware attack struck the company April 25 and affected services for more than 100 of the company’s customers. Diebold Nixdorf is the largest ATM provider in the ...

TD Ameritrade Holding Corp-backed digital assets exchange startup ErisX has launched Ethereum futures trading, the first company in the U.S. to do so. The first of its kind to be authorized by the U.S. Commodity Futures Trading Commission, the ETH futures contracts allow investors to buy and sell contracts that allow them to acquire Ethereum ...

SQL-based in-memory distributed database startup MemSQL Inc. said today it has raised $50 million via a debt facility to deliver new products and services to accelerate its growth. The debt financing was underwritten by Hercules Capital. Founded in 2011, MemSQL offers what it calls a No-Limits Database designed to power modern applications with a cloud-native scalable ...