Duncan Riley
Latest from Duncan Riley
Blockchain banking and payments startup Sila Inc. today announced that it has raised $7.7 million in new funding that will be used to introduce new product features that provide software developers with easier access to the global financial system. The seed round was …
No-code automation platform provider Tonkean raises $24M
No-code automation platform provider Tonkean Inc. said today it has raised $24 million in new funding to allow it to scale up its “adaptive business operations” technology. Founded in 2015, Tonkean offers a “human in the loop” robotic automation platform that is said …
WeWork Special Committee sues SoftBank over terminated $3B share acquisition
A Special Committee of We Co., the parent company of troubled workplace provider WeWork, today filed a lawsuit against SoftBank Group Corp. after SoftBank terminated its offer to buy $3 billion in WeWork shares April 2. The lawsuit alleges that SoftBank breached its obligations …
Twitter and Square CEO Jack Dorsey donates $1B in equity to coronavirus relief
Twitter Inc. and Square Inc. Chief Executive Officer Jack Dorsey has donated $1 billion in equity from his Square shares to fund COVID-19 relief around the world. Dorsey (pictured) said on Twitter today that the donation will fund coronavirus relief and that when the pandemic …
Enterprise content firewall provider Accellion raises $120M in new funding
Enterprise content firewall provider Accellion Inc. said today it has raised $120 million in new round led by Bregal Sagemount. Founded in 1999, Accellion offers an enterprise content firewall that is designed to prevent data breaches and compliance violations. The company’s firewall is …
Samsung beats preliminary earnings estimates on strong demand for memory chips
Samsung Electronics Co. Ltd. said Tuesday that it expects to report a first-quarter operating profit of 6.4 trillion won ($5.23 billion) on operating revenue of 6.3 trillion won ($45 billion) despite the COVID-19 pandemic. The profit is up 2.7% over the first quarter of 2019 …
FBI warns that COVID-19 topics are being used in business email compromise attacks
The U.S. Federal Bureau of Investigation today issued a warning that cybercriminals are taking advantage of the COVID-19 pandemic to expand their business email compromise attacks. The bureau noted that a typical BEC scam involves victims receiving emails they believe are from a company they normally …
Digital workplace solutions provider WorkJam raises $50M
Digital workplace solutions provider WorkJam Inc. has raised $50 million in new funding to fund product innovation and geographic expansion, make acquisitions and hire more people. The Series C round, announced today, was led by Inovia Capital and included Fonds de Solidarité FTQ …
Airbnb raises $1B to help it weather the COVID-19 storm
Airbnb Inc. today said it has raised $1 billion in new funding in a combination of debt and equity to help the accommodation booking provider weather the COVID-19 storm. The funding came from Silver Lake and Sixth Street Partners and will be …
UK calls for crackdown on 5G conspiracy theories as cell phone towers set on fire
The U.K. government is calling on social media and video sites, including Facebook Inc., Twitter Inc. and YouTube, to crack down on 5G conspiracy theories after cell towers were set on fire by people believing that they were causing the global coronavirus …