Cybersecurity firm Fortinet Inc. beat market expectations with its fourth-quarter earnings today but lowered estimates for the first quarter. Investors didn’t seem to mind. For the fourth quarter ending Dec. 31, Fortinet reported net income of $182.8 million, or $1.04 a share, compared with a loss of $29 million, or 17 cents a share, in the same quarter in ...

Ike Robotics Inc., a self-driving truck startup founded by former Apple Inc., Google LLC and Uber Technologies Inc. engineers, today said it has raised $52 million in venture capital funding. The round was led by Bain Capital Ventures and included Redpoint Ventures, Fontinalis Partners, Basis Set Ventures and Neo. Named after former U.S. President Dwight D. Eisenhower, ...

Reddit Inc. is reportedly raising between $150 million and $300 million in new venture capital funding on a valuation of $2.7 billion. According to an unconfirmed report published Tuesday by TechCrunch, the round will be led by Chinese internet giant Tencent Holdings Ltd., somewhat ironic given that Reddit was banned in China in August. Other investors in the round ...

The developers behind the privacy-focused Zcash cryptocurrency have disclosed a now-fixed flaw that could have allowed hackers to create an infinite number of counterfeit tokens. Detailed by developers Josh Swihart, Benjamin Winston and Sean Bowe in a blog post today, the flaw could have brought down what is currently the world’s 21st most popular cryptocurrency, one ...

Huddle House Inc., a restaurant chain with more than 300 locations across the U.S. Southeast, has advised that customer data has been stolen in a point-of-sale attack. The hack, first detected by a credit card provider Jan. 3 but believed to date back to August 2017, involved malware installed in POS terminals. “Criminals compromised a ...

Cryptocurrency exchange Kraken today said it has acquired U.K. cryptocurrency exchange and indices firm Crypto Facilities Ltd. in a deal described as worth a nine-figure sum. The exact price was not disclosed, but most reports peg the figure at about $100 million, the same figure Kraken, formally known as Payward Inc., is reported to be in the process of raising ...

Facebook Inc. has purchased a blockchain startup called Chainspace in an apparent acquihire, according to reports. Cheddar first reported the purchase of the company, formally named Daffodil Ltd., saying the deal will see four of the five researchers behind Chainspace’s academic white paper join Facebook’s blockchain group. A statement on the Chainspace website seemingly confirmed the news, saying that “we’re ...

Google LLC today released two new apps that tap into artificial intelligence and machine learning to assist those with hearing impediments. The first app, Live Transcribe, transcribes speech to text live via the app installed on an Android phone. Tapping into Google’s existing automatic speech recognition technology, which enables computers to detect audible languages and transcribe ...

Bitcoin hit a new record over the weekend, the longest bear run for the cryptocurrency since its creation in October 2008. The bear run started in December 2017 as bitcoin hit highs near $20,000. As of a little before 9 p.m. EST tonight, the cryptocurrency was trading at $3,420.92. The current price of bitcoin isn’t the lowest ...

Home improvement site Houzz has suffered a data breach, with an unknown amount of user information stolen. The hack, discovered in late December but only revealed on Friday, involved the theft of profile information, including name, city, state, country and profile description, along with internal identifiers such as the region and location of the user ...