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Descope raises $53M to help developers build passwordless authentication into apps
Passwordless authentication company Descope Inc. today announced a giant $53 million seed funding round led by Lightspeed Venture Partners and GGV Capital for its platform that allows developers add user management and authorization to apps. Descope provides a “developer-friendly” platform that makes it simple for developers to add passwordless authentication to any application with only a ...
NFT marketplace Magic Eden cuts 22 staffers as part of restructuring
Magic Eden, the largest nonfungible token marketplace for the Solana blockchain by market share, announced late Monday that it will lay off 22 employees, or about 15% of its staff, as part of a “company-wide restructuring.” Jack Lu, co-founder and chief executive of Magic Eden, said in a letter posted online that the company was restructuring ...
Otter.ai launches AI assistant to generate meeting notes, capture images and summaries
Otter.ai Inc., a popular artificial intelligence meeting transcription app, today launched a new AI-powered meeting assistant that can join meetings and take over the role of taking live notes, including making screen grabs and summarizing key points afterward. The new service, called OtterPilot, essentially “automates meetings from start to finish,” said the company. It works ...
Procyon raises $6.5M to provide multicloud access management for DevOps teams
Procyon Inc., a provider of secure access management for multi-cloud enterprise infrastructure, said today that it has raised $6.5 million in funding toward launching its privileged access management platform that it says will reinvent how DevOps teams and developers access cloud services. Lobby Capital led the investment round with participation from GTM Capital and First ...
Paxos ordered to stop issuing Binance stablecoin by NY regulator
The New York Department of Financial Services, the top finance regulator of New York, today ordered Paxos Trust Co. LLC to cease issuing new Binance USD stablecoins. The NYDFS called upon the company to cease minting the cryptocurrency, which is a type of token that maintains a 1:1 parity with the U.S. dollar and is ...
Neeva launches AI-powered search engine service internationally
As ChatGPT continues to sweep the world, Neeva Inc., an ad-free subscription-based search engine that will deliver substantive information with the power of generative AI, today announced that it’s launching its AI-based service internationally. This announcement shortly follows the launch of its AI offering in the U.S. last month, which provided customers an immediate glimpse ...
Crypto exchange Kraken pays $30M fine to SEC and shuts down staking in the US
Cryptocurrency exchange Kraken agreed to a settlement with the Securities and Exchange Commission on Thursday to shut down its crypto asset staking programs and pay a $30 million fine. The SEC said that Kraken had been providing its staking-as-a-service without registering it with the regulator, which had been running since 2019. According to the complaint, ...
Cloudflare unveils Wildebeest, a Mastodon-compatible server hosted on its Supercloud
With the Mastodon social network and the Fediverse becoming such a hot topic recently, Cloudflare Inc. is coming to the rescue of people who want to join the network by running their own server or instance in order to experiment with the platform. Cloudflare introduced Wildebeest today, an open-source, easy-to-deploy Mastodon-capable server built entirely atop ...
Digital asset protection startup Coincover raises $30M to protect against hacks or human error
Coincover, a provider of crypto asset protection and recovery alongside theft insurance, today announced that it has secured $30 million in a round led by Foundation Capital. Founded in 2018, the startup addresses security issues that threaten crypto companies by delivering solutions that help businesses secure their crypto assets and ensure that they never lose ...
Google releases first developer preview for Android 14
The Android team at Google LLC today released the first developer preview for Android 14, which provides more productivity updates for developers, improvements for device health systems and more options for user customization. Previews provide much-needed preparation time and breathing room for application developers to see what’s coming down the pipeline and provide feedback about ...