Weights & Biases, which counts OpenAI as a customer, lands $50M

August 9, 2023
One of the more prolific AI and machine learning development platforms, Weights & Biases has secured a new tranche of cash from ex-GitHub CEO Nat Friedman and former Y Combinator partner Daniel Gross. Friedman and Gross, alongside existing investors Coatue, Insight Partners, Felicis, Bond, BloombergBeta and Sapphire, have invested $50 million in Weights & Biases […]

Sweet Security raises $12M seed round for its cloud security suite

August 9, 2023
Sweet Security, a Tel Aviv-based cloud security startup, today announced that it has raised a $12 million seed round led by Glilot Capital Partners, with participation from CyberArk Ventures and a number of angel investors including Gerhard Eschelbeck, a former CISO at Google and Travis McPeak, who led product security at Databricks. Sweet provides businesses […]

Spotify integrates with Patreon to stream subscriber-only content

August 9, 2023
Spotify and Patreon partnered to launch an integration that lets fans listen to subscriber-only Patreon audio directly from their Spotify account. This tool is especially useful for podcasters on Patreon, who often incentivize fans to join their paid membership programs by offering exclusive bonus content. As it stands, podcast fans generally listen to paywalled content […]

MPCVault’s crypto wallet for businesses hits $500M AUM in 7 months

August 9, 2023
While a plethora of products have been developed to meet the crypto needs of consumers, there are limited options designed to assist enterprises in managing digital assets. Many companies thus find themselves storing a significant amount of cryptocurrency in centralized exchanges and self-custodial wallets that are ill-suited for enterprise requirements, akin to a business utilizing […]

Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount

August 9, 2023
U.S. cybersecurity giant Rapid7 has announced plans to lay off 18% of its workforce, affecting more than 400 global employees. In a regulatory filing, the Boston-based cybersecurity company said its restructuring effort is “designed to improve operational efficiencies, reduce operating costs and better align the company’s workforce with current business needs.” The filing confirms that […]

South African VC Knife Capital closes $50M Series B fund for startups with high exit potential

August 9, 2023
South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.  In a February 2021 interview with managing partner Andrea Bohmert, she noted that Africa had become an incubator for international investors […]

India greenlights privacy bill as opposition members opt to stay absent

August 9, 2023
The upper house of India’s parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation. The legislation aims to grant the Prime Minister Narendra Modi-led government greater control over the operations of major tech companies in their crucial foreign market. The Digital Personal Data Protection Bill […]

The Download: the promise of stem cell treatments, and China’s screen time crackdown

August 9, 2023
This is today’s edition of The Download, our weekday newsletter that provides a daily dose of what’s going on in the world of technology. After 25 years of hype, embryonic stem cells are still waiting for their moment In 1998, researchers isolated powerful stem cells from human embryos. It was a breakthrough for biology, since these cells…

Teach Me Like I’m 5 with Tim Grover

August 9, 2023
On this episode of the Jeff Fenster show, host Jeff Fenster takes Tim Grover through our segment called “Teach Me Like I’m 5” where we ask 3 simple questions to our guests in hopes of answering the questions others might be too afraid to ask.