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Security

Cybersecurity VC firm Ten Eleven Ventures raises new $600M fund

By Duncan Riley Jun 2, 2022

Cybersecurity venture capital firm Ten Eleven Ventures today announced it has raised $600 million for its third-generation fund to invest in security companies ranging from seed to growth stage. Found in 2014, Ten Eleven…

Security

US government issues warning over ‘Karakurt’ data extortion group

By Duncan Riley Jun 2, 2022

The U.S. government has issued an alert about a little-known data extortion group actively targeting businesses. The June 1 alert from the Federal Bureau of Investigation, the Cybersecurity and Infrastructure Agency, the Department of…

Cloud

HashiCorp reports revenue jump as enterprises bet on infrastructure-as-code, but losses mount

By Mike Wheatley Jun 2, 2022

Information technology automation firm HashiCorp. Inc. beat expectations by a fairly wide margin today but couldn’t prevent its losses from growing quite substantially, and its stock fell in the extended trading session. The company…

Security

Increasing cybersecurity demand boosts Okta, CrowdStrike and Secureworks earnings

By Duncan Riley Jun 2, 2022

The weakening economy doesn’t appear to be hurting demand for cybersecurity services, as three cyber leaders today beat quarterly expectations: Okta Inc., CrowdStrike Holdings Inc. and Secureworks Corp. For the quarter ended April 30,…

Cloud

Asana grows revenue rapidly but losses rise even faster

By Mike Wheatley Jun 2, 2022

Collaboration software provider Asana Inc. delivered fiscal first-quarter results today that topped Wall Street’s expectations, but it forecast a wider-than-expected loss for the second quarter, sending its stock lower in after-hours trading. The company…

Apps

PagerDuty hits $80M in quarterly sales for the first time, beating forecast and sending shares up

By Mike Wheatley Jun 2, 2022

The observability firm PagerDuty Inc. put in another solid quarterly performance as it delivered its first earnings call of fiscal 2023 today, sending its stock higher in after-hours trading. The company reported a first-quarter…

Security

Laminar closes $30M funding round to protect enterprises’ cloud data

By Maria Deutscher Jun 2, 2022

Tiger Global and Salesforce.com Inc.’s venture capital arm have invested $30 million in cybersecurity startup Laminar Ltd. as part of a funding round announced today. The round, which comes six months after Laminar’s launch…

Security

Chainguard raises $50M to secure companies’ software supply chains

By Maria Deutscher Jun 2, 2022

Chainguard Inc., a startup founded by a group of former Google LLC engineers to help companies secure their applications, has raised $50 million in fresh funding. Chainguard announced the funding round today. Sequoia Capital…

Security

Devo raises $100M at $2B valuation for its AI-powered cybersecurity platform

By Maria Deutscher Jun 2, 2022

Cybersecurity provider Devo Technology Inc. today announced that it has closed a $100 million funding round at a $2 billion valuation. The investment was led by Paris-based investment firm Eurazeo. All of Devo’s existing…

Cloud

Google Cloud doubles down on its support for startup founders

By Mike Wheatley Jun 2, 2022

Google Cloud is building on the initial success of its Google for Startups Cloud Program with the launch of additional, early-stage financial support for bootstrapped startups and new “Startup School” workshops for company founders.…

the latest

Cybersecurity VC firm Ten Eleven Ventures raises new $600M fund

US government issues warning over ‘Karakurt’ data extortion group

HashiCorp reports revenue jump as enterprises bet on infrastructure-as-code, but losses mount

Increasing cybersecurity demand boosts Okta, CrowdStrike and Secureworks earnings

PagerDuty hits $80M in quarterly sales for the first time, beating forecast and sending shares up

Chainguard raises $50M to secure companies’ software supply chains

Devo raises $100M at $2B valuation for its AI-powered cybersecurity platform

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