November 8, 2024

The Download: AI vs quantum, and the future of reproductive rights in the US

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. Why AI could eat quantum computing’s lunch Tech companies have been funneling billions of dollars into quantum computers for years. The hope is that they’ll be a game changer for fields as diverse…

Identity security platform Oort bags new cash to grow its product

October 6, 2022

Oort, an identity threat detection and response platform, today announced that it raised $11.5 million in a Series A round co-led by .406 Ventures and Energy Impact Partners with participation from Cisco Investments. The proceeds, which bring Oort’s total capital raised to $15 million, will be put toward supporting its go-to-market strategy, CEO Matt Caulfield […]

Identity security platform Oort bags new cash to grow its product by Kyle Wiggers originally published on TechCrunch

Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

October 6, 2022

In a sign that pure equity financing is getting harder to come by, cybersecurity firm Arctic Wolf, which last July raised $150 million at triple its previous valuation ($4.3 billion), opted for all debt in its latest funding round. The company today announced that it secured $401 million in convertible notes from Owl Rock with […]

Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO by Kyle Wiggers originally published on TechCrunch

Gather AI secures new cash to scan inventory in warehouses using drones

October 6, 2022

Gather AI, a startup using drones to inventory items in warehouses, today announced that it raised $10 million in a Series A round led by Tribeca Venture Partners with participation from Xplorer Capital, Dundee Venture Capital, Expa, Bling Capital, XRC Labs and 99 Tartans. The proceeds bring the company’s total raised to $17 million, which […]

Gather AI secures new cash to scan inventory in warehouses using drones by Kyle Wiggers originally published on TechCrunch

Uber and Motional to launch robotaxis across US over 10 years

October 6, 2022

Uber is getting back into the robotaxi game, only this time it’s tapping a third party to handle the self-driving tech. Motional, the Aptiv-Hyundai joint venture commercializing self-driving vehicle tech, will put its robotaxis on the Uber network later this year as part of a 10-year operating agreement that will eventually roll out to major […]

Uber and Motional to launch robotaxis across US over 10 years by Rebecca Bellan originally published on TechCrunch

UK to probe Inmarsat and Viasat’s $7.3B merger on competition grounds, says it could lead to pricier in-flight Wi-FI

October 6, 2022

The U.K.’s Competition and Markets Authority (CMA) has announced that the proposed merger between London-based satellite communications company Inmarsat and its U.S. rival Viasat raises potential competition concerns, and plans to launch a full-scale investigation into the deal. The $7.3 billion transaction, comprising a mix of cash, equity, and debt, was first announced last November, […]

UK to probe Inmarsat and Viasat’s $7.3B merger on competition grounds, says it could lead to pricier in-flight Wi-FI by Paul Sawers originally published on TechCrunch

Orb Energy Secures Follow-On Funding From DFC

October 6, 2022
The fund will be used to extend the finance to the company’s SME customers that enable them to gain quick and easy access to rooftop and ground-mounted solar systems

AI-powered supply chain visibility platform Altana bags $100M

October 6, 2022

Trade wars, military conflicts, the rise of e-commerce and sustainability concerns are driving changes to supply chain networks and trade flows. Seventy-four percent of supply chain companies made changes to their networks within the past two years, according to Gartner. And in an IBM survey, 40% of executives stressed the need for spare capacity to weather […]

AI-powered supply chain visibility platform Altana bags $100M by Kyle Wiggers originally published on TechCrunch

Uber’s former security chief found guilty of covering up 2016 data breach

October 6, 2022

Uber’s former head of security has been found guilty of criminal obstruction for attempting cover up a data breach that saw tens of millions of customer and driver records stolen. A federal jury in San Francisco convicted Joseph Sullivan, Uber’s former chief security officer (CSO), of obstructing justice and concealing knowledge that a federal felony […]

Uber’s former security chief found guilty of covering up 2016 data breach by Carly Page originally published on TechCrunch