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Drata Inc., a startup that helps businesses stay compliant with security standards, announced today that it has raised $200 million in in a fresh funding round that now values the company at $2 billion. Additional investment for the Series C round, led …
Cameyo unveils support for Linux virtual app delivery to reduce remote work costs
Virtual application delivery platform Cameyo Inc. today announced that it now supports Linux apps in order to reduce the cost of providing cloud desktops for workers during a time of remote and hybrid workforces. Cameyo’s existing platform already permits the delivery of …
Kodiak Robotics awarded $50M to develop self-driving vehicles for US Army
Kodiak Robotics Inc., the developer of self-driving trucks, said today that it has been awarded a $49.9 million two-year contract with the U.S. Army to help develop autonomous vehicles to act as support for reconnaissance, surveillance and other high-risk situations. The money …
Stable Diffusion developer Runway raises $50M to create AI multimedia tools
Runway AI Inc., one of the two companies behind the artificial intelligence art generator Stable Diffusion, announced Monday that it has raised $50 million in fresh funds led by Felicis to continue building the next generation of AI tools for art. The …
Loft Dynamics raises $20M to train helicopter pilots with virtual reality
Loft Dynamics AG, a Swiss startup that uses virtual reality to train helicopter pilots, said today that it has raised $20 million in its first institutional funding round to help expand the company’s reach into international markets, including the United States where …
USDC stablecoin issuer Circle and Concord end SPAC deal
Circle Internet Financial Inc., the issuer of a cryptocurrency pegged to the U.S. dollar, and publicly traded special-purpose acquisition company Concord Acquisition Corp. today announced that the two companies mutually ended a proposed merger. The deal was originally proposed by the two …
DOJ watchdog seeks independent examiner to oversee FTX bankruptcy case
The United States Office of Trustee, an arm of the Department of Justice, filed a motion Thursday in the U.S. bankruptcy court of Delaware asking for the appointment of an independent examiner to investigate the collapse of cryptocurrency exchange FTX Trading Ltd., …
Fleek raises $25M to provide content delivery for Web3 developers
Fleek, a developer platform for Web3, announced Thursday that it has raised $25 million in new funding led by Polychain Capital to build a decentralized content delivery and hosting network for Web3 developers. Additional investors joining in the Series A round included …
AWS simplifies creation of cloud applications for developers with new tools
Amazon Web Services Inc. today introduced a number of new capabilities designed to simplify how enterprise developers build cloud applications without having to manage computer servers. During a keynote, Amazon Chief Technology Officer Werner Vogels (pictured) explained that operating systems, the base …
Crypto exchange Kraken lays off 30% of workforce amid market drop
Cryptocurrency exchange Kraken said that it’s laying off about 1,100 of its employees, or 30% of its global workforce, in an announcement on Wednesday, citing falling crypto markets and declining trade volumes. Describing the company’s position, Kraken co-founder and Chief Executive Jessie …