Duncan Riley
Latest from Duncan Riley
US sanctions Russians over alleged election interference campaign using social media influencers
The U.S. departments of Justice, State and Treasury announced today sanctions and criminal charges in relation to claimed Russian government-sponsored attempts to manipulate public opinion ahead of the Nov. 5 presidential election. Announced by Attorney General Merrick Garland (pictured, right), the claims, which some media outlets are referring to as “Russiagate 2.0,” include that two ...
Productivity platform startup Cortex raises $60M to strength platform capabilities
Productivity platform startup Cortex Applications Inc. announced today that it has raised $60 million in new funding to grow developer awareness around its internal developer platform and further its platform capabilities with enhanced workflows, engineering intelligence and artificial intelligence. Founded in 2019, Cortex offers an internal developer platform that is designed to help companies catalog, score and ...
Global employments platform startup Oyster raises $59M to expand its platform
Human resources platform startup Oyster HR Inc. announced today that it has raised $59 million in new funding to expand its global employment platform and improve cross-border hiring solutions. Founded in 2020, Oyster offers an employment platform that is designed to help companies hire, pay and manage talent with a focus on simplifying cross-border employment. ...
Payouts.com raises $12.1M to enhance supplier management and payout automation
Fintech platform startup Payouts.com today announced that it has raised $12.1 million in new funding to enhance its vendor relationship management capabilities and advance product development. Founded in 2022, Payouts.com offers a platform designed to automate and streamline supplier payment processes. The platform offers a suite of capabilities for managing supplier relations to ensure seamless ...
Nvidia faces increased antitrust pressure as Justice Department sends subpoena requests
The U.S. Department of Justice has reportedly sent subpoenas to Nvidia Crop. and other companies as part of an antitrust investigation into the company that appears to be ramping up. Bloomberg, citing people familiar with the investigation, reported today that the Justice Department had previously delivered questionnaires to the companies, with the subpoenas being the next ...
Asana’s revenue outlook falls short as shares decline 13%
Shares in Asana Inc. fell nearly 13% in late trading today after the work management software company reported earnings and revenue beats in its fiscal second quarter but fell short of expectations on revenue outlook for its third quarter and full fiscal year. For the quarter ended July 31, Asana reported an adjusted earnings per ...
Zscaler stock falls on weak outlook amid revenue and earnings beats
Shares in Zscaler Inc. fell 14% in late trading today after the cloud security company forecasted a lower-than-expected full-year outlook alongside solid figures for its fiscal fourth quarter. For the quarter ended July 31, Zscaler reported adjusted earnings per share of 88 cents, up from 64 cents per share in the same quarter of the ...
Mosyle acquires Assetbots to enhance device management offerings
Apple Inc. device management company Mosyle Corp. today announced that it has acquired asset management software company Assetbots LLC for an undisclosed price. Founded in 2021, Assetbots offers asset management software that is designed to simplify the tracking and management of assets across various industries. The company’s platform aims to eliminate common issues such as lost assets, ...
New Morphisec report finds links between emerging Cicada3301 ransomware and BlackCat
A new report out today from endpoint security firm Morphisec Inc. details a recently discovered form of ransomware that may have links to the infamous BlackCat ransomware family. Called Cicada3301, the new threat was identified in a Morphisec customer environment recently and was first reported around two months ago. Written in the Rust programming language and ...
Meta reports rapid growth in popularity for its Llama AI models, with nearly 350M downloads
Meta Platforms Inc. today revealed that its Llama generative artificial models are rapidly growing in popularity, with downloads of the models increasing by 10 times from the same time last year and are quickly approaching 350 million downloads. The figures were revealed in an upbeat midyear update from the company behind services such as Facebook, Instagram and ...