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Apps

Airbnb shares fall on warning that COVID Delta variant will hurt bookings

By Duncan Riley Aug 12, 2021

Shares in Airbnb Inc. dropped in after-hours trading today despite a solid earnings report after the company warned of the impact of the Delta COVID-19 variant on bookings. For its second quarter of 2021,…

Security

Identity security firm CyberArk posts mixed financial results

By Mike Wheatley Aug 12, 2021

Security company CyberArk Software Ltd. saw its stock gain in extended trading today despite posting mixed second-quarter financial results that saw it miss earnings targets. The Israel-based company reported a profit before certain costs such…

Emerging Tech

Lidar startup Innovusion raises $66M to boost production and expand market reach

By Duncan Riley Aug 12, 2021

Lidar startup Innovusion Inc. today announced it has raised $66 million in new funding to increase the production capabilities of its automotive-grade lidars, expand its global footprint and broaden its research and development efforts. Guotai Junan…

Big Data

New customers flock to Palantir, driving strong revenue growth

By Mike Wheatley Aug 12, 2021

Data analytics company Palantir Technologies Inc. saw its stock close up more than 11% in regular trading thanks to solid second-quarter results, a string of new customer deals and strong guidance for the next…

Cloud

Box posts quarterly results early amid pressure from activist investor

By Maria Deutscher Aug 12, 2021

Box Inc. today released preliminary financial results for the second quarter that exceeded the company’s guidance in several key areas, most notably revenue. Box usually doesn’t release financial results ahead of time. The move…

Cloud

Talkdesk reaches $10B+ valuation after new $230M funding round

By Maria Deutscher Aug 12, 2021

Talkdesk Inc., a startup whose software helps companies run their contact centers more efficiently, today disclosed that it has closed a $230 million funding round valuing it at more than $10 billion. The new…

Cloud

Report: Marketing automation giant Mailchimp considering $10B+ sale

By Maria Deutscher Aug 12, 2021

Mailchimp Inc., one of the biggest providers of software-as-a-service digital marketing tools, could reportedly be acquired in a deal worth $10 billion or more. Bloomberg reported the news on Wednesday afternoon, citing sources familiar…

Big Data

Next Pathway automates data validation and testing for cloud app migration

By Mike Wheatley Aug 12, 2021

Next Pathway Inc., a provider of automated cloud migration technologies, has added key data validation and test automation capabilities to its toolbox. The new version of Shift Tester, announced today, works by automatically testing…

Emerging Tech

Tech giants throw weight behind open-source eBPF to make IT infrastructure more intelligent

By Mike Wheatley Aug 12, 2021

A group of big tech firms is backing a new open-source software effort that aims to make the Linux operating system kernel more programmable. Announced today, the move promises to help information technology infrastructure…

Apps

Reddit, ‘front page of the internet,’ to raise up to $700M at $10B valuation

By Kyt Dotson Aug 12, 2021

Reddit Inc. announced today that it plans to raise up to $700 million in a new late-stage funding led by Fidelity Management and Research LLC. The social news and aggregation company told Reuters that…

explore news

Airbnb shares fall on warning that COVID Delta variant will hurt bookings

Identity security firm CyberArk posts mixed financial results

Lidar startup Innovusion raises $66M to boost production and expand market reach

New customers flock to Palantir, driving strong revenue growth

Talkdesk reaches $10B+ valuation after new $230M funding round

Report: Marketing automation giant Mailchimp considering $10B+ sale

Reddit, ‘front page of the internet,’ to raise up to $700M at $10B valuation

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