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Web3 communication stack developer Sending Labs raises $12.5M
Sending Labs, a company that develops decentralized communication products and protocols for developers to add messaging to their Web3 apps, today announced it has raised $12.5 million in seed funding. Web3, otherwise known as the decentralized web, is built on blockchain technology and uses peer-to-peer transactions to allow separate parties to interact and execute trades ...
Apple reportedly delays reveal of mixed reality headset until June at WWDC
Apple Inc. will reportedly delay the planned reveal of its much-anticipated mixed reality headset from April until June. According to a source speaking to Bloomberg Wednesday, the company chose to delay the introduction of the product until the company’s World Wide Developer Conference due to hardware and software issues. The headset was initially expected to be ...
Blockchain cybersecurity firm Ironblocks raises $7M
Ironblocks today announced that it has raised $7 million in seed funding for its blockchain-native cybersecurity platform that uses smart contracts to automate threat detection for Web3 app developers to take steps to stop hackers. The funding round was co-led by Collider Ventures and Disruptive AI, with participation from ParaFi, Quantstamp, and Samsung Next. Others ...
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, ...