Duncan Riley

Duncan Riley is a senior writer at SiliconANGLE covering Startups, Bitcoin, and the Internet of Things. Duncan is a co-founder of VC funded media company B5Media and founder of news site The Inquisitr, and was a senior writer at TechCrunch in its earlier days. Tips? Press releases? Intersting startup? email: duncan@nichenet.com.au or contact Duncan on Twitter @duncanriley

Latest from Duncan Riley

French music streaming company Deezer to go public in $1.13B SPAC deal

French music streaming company Deezer S.A. is set to go public via a merger with a special-purpose acquisition company in a $1.13 billion deal. The Wall Street Journal reported today that the SPAC deal will see Deezer merge with Paris-listed I2PO SA. The firm is a blank-check company backed by the Pinault family, the controlling shareholders ...

Andreessen Horowitz launches ‘a16z START’ startup accelerator

Venture capital firm Andreessen Horowitz today launched a16z START, a startup accelerator for early-stage companies. Startup accelerators are organizations that offer membership, capital and connections to investors and business partners, with Y Combinator perhaps the best known. A16z START aims to do exactly this, fueling founders at the earliest stages of company-building with one-on-one support, ...

Home automation company Insteon reportedly goes out of business

Insteon, a home automation company owned by Smartlabs Inc., has reportedly gone out of business after users reported that their connected devices stopped working last week. There has been no official word from the company that it has ceased operating and as of the time of writing its website is up and its status page ...

$182 million stolen from stablecoin provider Beanstalk Farms in ‘flash loan’ attack

Credit-based stablecoin provider Beanstalk Farms has been hacked, with about $182 million in cryptocurrency stolen. Those behind the attack used a “flash loan” attack to access the Beanstalk network. A flash loan attack is a type of decentralized finance attack where a cybercriminal takes out a flash loan — a form of noncollateralized lending from ...

Critical vulnerability in popular WordPress plugin exposes millions of sites to hacking

A critical vulnerability in a highly popular WordPress plugin has exposed millions of websites to hacking. Discovered by researchers at Plugin Vulnerabilities and detailed April 12, the vulnerability was found in Elementor, a WordPress plugin that allows users to build websites with more than 5 million active installations. The vulnerability was found in version 3.6.0 ...

Microservices platform provider greymatter.io raises $7.1M to fuel global growth

Microservices platform provider greymatter.io announced today it has raised $7.1 million in new funding to fuel global growth as demand intensifies for its platform. Elsewhere Partners led the Series A round. Founded in 2015, greymatter.io offers a microservices platform that uses service mesh and application programming interface management to solve challenges flowing through production operations from enterprises’ DevSecOps and NetSecOps pipelines. ...

North Korean hacking group Lazarus linked to $615M Ronin Network theft

The infamous North Korean state-sponsored hacking group Lazarus has been linked to the hack of the Ronin Network, the blockchain underlying the popular “Axie Infinity” game, that resulted in the theft of $615 million in cryptocurrency in March. The link was discovered following an updated sanctions list published today by the U.S. Treasury Department’s Office ...

SaaS security startup DoControl raises $30M to speed global growth

Software-as-a-service security startup DoControl Inc. announced today that it has raised $30 million in new funding to help scale up its security innovations, launch strategic channel and partnership programs, and speed up its global growth. Insight Partners led the Series B round, with existing investors also participating. Previous investors were RTP Global, StageOne Ventures, Cardumen Capital and the ...

Zero-trust security startup Twingate raises $42M to scale up operations

Zero-trust security startup Twingate Inc. today announced it has raised $42 million in new funding to scale up its operations to meet the growing demand for easier-to-use security solutions. BOND led the Series B round, with WndrCo, 8VC and SignalFire also participating. Including the new funding, Twingate has raised $67 million to date. Previous investors include Green Bay ...

Venture capital funding dropped in the first quarter after a record-breaking 2021

Venture capital funding dropped in the first quarter after a record-breaking 2021, according to the findings of the latest PitchBook-NVCA Venture Monitor report released early Thursday. Describing venture capital deal-making as adjusting to a “new normal,” the report found that investment activity remained strong in the quarter, coming at $70.7 billion, the fifth-highest total in PitchBook’s ...