Duncan Riley
Latest from Duncan Riley
Cybersecurity and data protection company Acronis International GmbH today announced the launch of Archival Storage, a data storage and protection solution designed for managed service providers and their small to medium-sized business customers. Pitched as offering long-term, compliant and cost-efficient data storage and protection, …
Meta reportedly prepares new round of Reality Labs layoffs as AI takes priority
Meta Platforms Inc. is reportedly planning to cut about 10% of employees at its Reality Labs division as the company shifts its priorities to artificial intelligence. The New York Times, referencing three people familiar with the matter, claims that the layoffs could …
OpenAI buys Torch to bring unified medical data into ChatGPT Health
OpenAI Group PBC announced today that it has acquired Torch Health Inc., a healthcare technology startup focused on unifying personal medical data, as the artificial intelligence company moves to expand its efforts in health-related applications. The price of the acquisition was not …
Trellix warns of advanced Facebook phishing using browser-in-the-browser attacks
A new report out today from cybersecurity company Trellix Inc. warns that Facebook phishing scams are becoming significantly more sophisticated, as attackers increasingly abuse legitimate cloud infrastructure and employ advanced visual deception techniques to steal user credentials. According to the report, attackers …
Instagram denies data breach after password reset emails spark leak claims
Meta Platforms Inc.-owned Instagram has denied it suffered a data breach after a wave of unsolicited password reset emails sparked claims that data from more than 17 million user accounts had been leaked. Reports that Instagram had been breached first emerged after …
Torq raises $140M at $1.2B valuation to scale AI-driven security hyperautomation
Security hyperautomation platform company Torq Ltd. today announced that it has raised $140 million in new funding on a $1.2 billion valuation to accelerate adoption of its artificial intelligence-driven security operations platform and expand go-to-market efforts. Founded in 2020, Torq offers a security hyperautomation …
MiniMax raises $619M in Hong Kong IPO as investor appetite for generative AI remains strong
Chinese artificial intelligence startup MiniMax Group Ltd. went public in Hong Kong today and raised about $619 million, highlighting strong investor appetite for generative AI companies on both sides of the Pacific. MiniMax priced its shares at HK$165 ($21.18) apiece, the top …
Strava makes confidential IPO filing as subscriptions and revenue grow
Fitness and activity tracking platform company Strava Inc. has reportedly confidentially filed for an initial public offering. The Information reported today that the company has submitted a confidential draft registration statement to the U.S. Securities and Exchange Commission and has hired Goldman Sachs …
Upwind rolls out Choppy AI to bring transparent natural-language security to cloud workloads
Cloud security platform provider Upwind Security Inc. today announced the general availability of Choppy AI, a new set of artificial intelligence-powered capabilities embedded across its runtime-first cloud-native application protection platform. Choppy AI introduces natural-language-driven experiences that Upwind claims make cloud security exploration, …
Coralogix gains US Department of Education support in push for FedRAMP Moderate
Observability platform company Coralogix Ltd. today announced that the U.S. Department of Education’s Federal Student Aid will serve as the official sponsoring agency for the company’s pursuit of a Federal Risk and Authorization Management Program Moderate authorization. Once achieved, Coralogix will be able to …