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Cloud

Harness buys Drone.io to expand into software integration

By Mike Wheatley Aug 5, 2020

Harness Inc. said today it has acquired the self-service continuous integration firm Drone.io Inc. for an undisclosed price. Harness sells a “continuous delivery-as-a-service” platform that uses machine learning algorithms to monitor new software updates…

Infra

With newest open-source tool, Kubermatic adds a service hub to Kubernetes

By Maria Deutscher Aug 5, 2020

Startup Kubermatic GmbH today introduced an open-source tool to make it easier to manage enterprise Kubernetes clusters and the software components running on them. The tool, dubbed KubeCarrier, is available on GitHub. It enables…

Blockchain

Bitfinex offers reward of up to $400M for return of bitcoin stolen in 2016 hack

By Duncan Riley Aug 4, 2020

Leading cryptocurrency exchange Bitfinex is offering a reward of up to $400 million for the return of bitcoin stolen from the exchange in a hack in 2016. The hack involved the theft of 119,756 bitcoin…

Emerging Tech

Former Uber exec Anthony Levandowski sentenced to 18 months for trade secret theft

By Duncan Riley Aug 4, 2020

Anthony Levandowski, the former head of Uber Technologies Inc.’s autonomous vehicle unit, has been sentenced to 18 months in prison after pleading guilty in March to one count of stealing trade secrets from Alphabet…

Cloud

Twilio shares drop on weak guidance despite strong earnings

By Duncan Riley Aug 4, 2020

Shares in cloud communications services provider Twilio Inc. dropped in after-hours trading today on weaker-than-expected guidance despite the company smashing analysts’ predictions in the second quarter. For the quarter ended June 30, Twilio reported revenue of…

Cloud

Employee management software startup Rippling raises $145M on unicorn valuation

By Duncan Riley Aug 4, 2020

Employee management software startup Rippling today said it has raised $145 million in new funding on a valuation of $1.35 billion, giving it unicorn status for the first time. The new funding will be used…

Apps

New Relic stock plunges as it warns of ‘near term’ revenue hit from product shift

By Mike Wheatley Aug 4, 2020

Application monitoring company New Relic Inc. saw 18% of its value wiped out in after-hours trading today after including an earnings warning in its latest financial report. The company reported fiscal first-quarter earnings before certain…

Cloud

Arista Networks beats earnings targets but its stock falls anyway

By Mike Wheatley Aug 4, 2020

Cloud networking company Arista Networks Inc. saw its stock dip in after-hours trading today despite beating its targets on profit and revenue. The company reported a second-quarter profit before certain costs such as stock compensation…

Infra

With OPAQ acquisition, Fortinet says it’s most complete SASE framework on the market

By R. Danes Aug 4, 2020

COVID-19’s work-from-home mandates have introduced new network edge and security problems to businesses, many of whom already had their hands full in these areas. Disparate point solutions, staff challenges and separate management consoles may have made integration…

Emerging Tech

Superconducting quantum computing startup Rigetti raises $79M

By Maria Deutscher Aug 4, 2020

Rigetti Computing Inc., a startup developing quantum computers, today said that it has closed a $79 million round of funding led by Bessemer Venture Partners. Franklin Templeton, Alumni Ventures Group and several other institutional…

explore news

With newest open-source tool, Kubermatic adds a service hub to Kubernetes

Bitfinex offers reward of up to $400M for return of bitcoin stolen in 2016 hack

Former Uber exec Anthony Levandowski sentenced to 18 months for trade secret theft

Twilio shares drop on weak guidance despite strong earnings

New Relic stock plunges as it warns of ‘near term’ revenue hit from product shift

Arista Networks beats earnings targets but its stock falls anyway

With OPAQ acquisition, Fortinet says it’s most complete SASE framework on the market

Superconducting quantum computing startup Rigetti raises $79M

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