Duncan Riley
Latest from Duncan Riley
End of an era: Verizon’s acquisition of Yahoo finally closes
Verizon Communication Inc.’s long-running and occasionally drama-filled takeover of Yahoo Inc. is finally over. The company announced Tuesday that the deal has now officially closed. Yahoo properties, including news, sports and other sites, will join properties from the Verizon-owned AOL in a new property bizarrely called Oath under the management of former AOL Chief Executive Officer Tim ...
Report: Russian election hacking worse than we thought, targeting systems in 39 states
Russian hackers are alleged to have targeted election systems in 39 states, according to a report published Tuesday. Bloomberg, citing sources “with direct knowledge of the U.S. investigation,” claims that incursions into voter databases and software systems occurred in almost twice as many states as previously reported. Among the states targeted, the report, said, are ...
On-demand physical goods storage startup Clutter raises $64M
On-demand physical-goods storage startup Clutter Inc. has raised $64 million in a late-stage funding round led by Atomico. Founded in 2013, the Culver City, California-based company offers a Uber-for-storage type service in that it allows users store extra belongings without actually leaving their house. Users access an app to book a pickup time for the items they want ...
Microsoft snaps up Israeli security firm Hexadite for a neat $100M
Microsoft Corp. has acquired Israeli security firm Hexadite Ltd., a company that offers automated incident response solutions to cyberattacks. The price of the acquisition was not officially disclosed, but TechCrunch, citing sources, said the deal was sealed for a neat $100 million. Founded in 2014, Hexadite claims to be changing the way cyberincident response is done, ...
Beyond Limits raises $20M for AI-based fossil fuel exploration platform
Space may be the final frontier, but this is the story of a startup using technology first developed by NASA back here on Earth, commercializing industrial-grade artificial intelligence software for fossil fuel exploration. Founded in 2012, Beyond Limits Inc. has raised $20 million in a Series B round led by BP Ventures, the venture arm of BP PLC., formerly ...
Report: Uber in acquihire talks to purchase valet parking startup Luxe
Despite nearly constant criticism from the media, ride-hailing giant Uber Technologies Inc. continues to plow ahead, as a report Thursday claimed it’s in talks to acquire Luxe Valet Inc., a San Francisco-based startup that specializes in on-demand valet parking. Founded in 2013, Luxe aimed to make users “fall in love with parking.” It claimed to ...
Fintech startup Addepar raises $140M to grow its ‘financial operating system’
Fintech startup Addepar Inc., a company that offers a “financial operating system” for investors, has raised $140 million in a late-stage funding round. Founded in 2009, Addepar offers a technology platform whose data-driven service claims to bring “common sense” to the market. According to the company, its financial operating system gives asset owners and advisers a clearer ...
Businesses are stockpiling bitcoin to pay ransomware demands
A survey of 500 information technology decision-makers in Britain has found that a significant number of companies are stockpiling bitcoin in anticipation of a ransomware attack. The survey, from the United Kingdom office of Citrix Systems Inc., found that 42 percent of those surveyed said their companies were hoarding bitcoin they could use to mitigate a future ...
Irish fintech startup Plynk raises $28M to expand its ‘money messaging app’
Irish financial technology startup Plynk Ltd. has raised $28 million in a Series A round that was led by Swiss Privée International Ltd. Founded in 2015, Plynk offers a “money messaging app” that facilitates peer-to-peer payments between its users in a way that removes the complexities of money transfers among family and friends. The app allows users to ...
Alphabet’s Project Wing successfully tests drone air traffic management platform
Project Wing, the drone program from Google Inc. parent Alphabet Inc., just hit a new milestone by demonstrating that its air traffic management platform for unmanned aircraft systems works. The successful test revealed Wednesday was part of a set of nationwide tests being undertaken by the National Aeronautics and Space Administration and the Federal Aviation Administration. ...









