Security

Snyk snags $150M investment as its valuation surpasses $1B

Snyk snags $150M investment as its valuation surpasses $1B

Snyk, the company that wants to help developers secure their code as part of the development process, announced a $150 million investment today. The company indicated the investment brings its valuation to over $1 billion (although it did not share the exact figure). Today’s round was led by Stripes, a New York City investment firm […]

Cloud services provider DigitalOcean is laying off staff, sources say 30-50 affected

Cloud services provider DigitalOcean is laying off staff, sources say 30-50 affected

After appointing a new CEO and CFO last summer, cloud infrastructure provider DigitalOcean is embarking on a wider reorganisation: the startup has announced a round of layoffs, with potentially between 30 and 50 people affected. DigitalOcean has confirmed the news with the following statement: “DigitalOcean recently announced a restructuring to better align its teams to its […]

Xiaomi spins off POCO as an independent company

Xiaomi spins off POCO as an independent company

Xiaomi said today it is spinning off POCO, a sub-smartphone brand it created in 2018, as a standalone company that will now run independently of the Chinese electronics giant and make its own market strategy. The move comes months after a top POCO executive — Jai Mani — and some other founding and core members […]

‘PigeonBot’ brings flying robots closer to real birds

‘PigeonBot’ brings flying robots closer to real birds

Try as they might, even the most advanced roboticists on Earth struggle to recreate the effortless elegance and efficiency with which birds fly through the air. The “PigeonBot” from Stanford researchers takes a step towards changing that by investigating and demonstrating the unique qualities of feathered flight. On a superficial level, PigeonBot looks a bit, […]

Epsagon scores $16M Series A to monitor modern development environments

Epsagon scores $16M Series A to monitor modern development environments

Epsagon, an Israeli startup that wants to help monitor modern development environments like serverless and containers, announced a $16 million Series A today. U.S. Venture Partners (USVP), a new investor led the round. Previous investors Lightspeed Venture Partners and StageOne Ventures also participated. Today’s investment brings the total raised to $20 million, according to the […]

Cyral announces $11M Series A to help protect data in cloud

Cyral announces $11M Series A to help protect data in cloud

Cyral, an early stage startup that helps protect data stored in cloud repositories, announced an $11 million Series A today. The company also revealed a previous undisclosed $4.1 million angel investment, making the total $15.1 million. The Series A was led by Redpoint Ventures. A.Capital Ventures, Costanoa VC, Firebolt, SV Angel and Trifecta Capital also […]

Apple buys edge-based AI startup Xnor.ai for a reported $200M

Apple buys edge-based AI startup Xnor.ai for a reported $200M

Xnor.ai, spun off in 2017 from the nonprofit Allen Institute for AI (AI2), has been acquired by Apple for about $200 million. A source close to the company corroborated a report this morning from GeekWire to that effect. Apple confirmed the reports with its standard statement for this sort of quiet acquisition: “Apple buys smaller […]

Cloudinary passes $60M ARR without VC money

Cloudinary passes $60M ARR without VC money

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re continuing our exploration of companies that have reached material scale, usually viewed through the lens of annual recurring revenue (ARR). We’ve looked at companies that have reached the $100 million ARR mark and a […]

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