Cybersecurity provider Proofpoint announced it’s acquiring Boston-based startup ObserveIT for $225 million in cash. ObserveIT’s lightweight endpoint solution helps organizations, particularly large enterprises, identify and eliminate insider threats. ObserverIT developes tools to detect and manage insider threats. Acquisition of ObserveIT is the […]
Global research firm Gartner expects that “by 2022 more than 50% of enterprise-generated data will be created and processed outside the data center or cloud.” This transition will drive increasingly distributed deployments of applications and data, along with a highly […]
Motive Partners, a New York City-based next-generation investment firm focused on technology enabled companies that power the financial services industry, has closed $473 million for its inaugural fund called Motive Capital Fund I (MCFI). The capital commitments for the fund […]
Good morning! Below are some of the top tech startup news for today, Monday, November 4, 2019. Facebook changes its corporate logo to separate the corporation from the Facebook app. Social giant Facebook has changed its corporate logo in a […]
In consensus protocol literature, there are two critical security properties: safety and liveness. A protocol is safe if it will not make inconsistent decisions. A protocol is live if it is guaranteed to eventually make a decision. Making proof-of-stake (PoS) […]
Game developers face many risks – from game design and production speed to launch scale. SpatialOS is designed to reduce those risks. To meet the needs of an increasingly large and discerning audience, the future of games lies in rapid, […]
Today, SalesLoft, a sales engagement platform, is acquiring Costello, an AI-enabled sales co-pilot. The acquisition, SalesLoft’s second ever and coming shortly after it raised a $70M Series D in April, is part of the company’s strategy to provide solutions that […]
Bigfinite, a SaaS startup that provides simple solutions to complex needs in biotech and pharma, has closed $15 million in financing to support the market expansion of Bigfinite’s SaaS platform. The round was led by Atlantic Bridge, Honeywell Ventures and Institut Català […]
Tech giant Apple today announced a $2.5 billion plan to help address the housing availability and affordability crisis in California. As costs skyrocket for renters and potential homebuyers — and as the availability of affordable housing fails to keep pace […]
Back in May, we wrote about Amadeus Code when the artificial intelligence-powered song-writing assistant startup raised $1.8 million to develop AI music generation platform. The startup has grown in popularity since then. Today, Amadeus Code announced the beta launch of Evoke Music – a […]
Ultimate.ai, the Helsinki/Berlin-based startup that provides multilingual customer service automation to businesses, has raised $6.5M in new funding, to grow its platform that gives customer service agents the AI tools they need to provide faster, smarter responses. The round is led by […]
WeTravel, a fintech startup and a payment and booking platform for travel companies and trip organizers, is launching WeTravel Card, the first prepaid credit card available for all travel operators in the US. Using the card, they can tap into […]
Google announced today that it is acquiring Fitbit, the maker of wireless, wearable-focused sensors that track a person’s daily activities, for $2.1 billion. The news comes just days after Reuters first broke the news about the acquisition, that Google was […]
There is a new mode of transportation out there and it’s rapidly changing how people navigate the urban space. It’s probably not what most people think it is though. It’s not electric cars, electric trucks or self-driving vehicles. Nor is it […]
TreeCoin, the startup behind the blockchain-based ethical reforestation and timber cultivation program, has launched a unique Hybrid Token Offering (HTO) to raise funds for the purchase of over 12,000 hectares of fallow land in Paraguay to plant 10 million Eucalyptus […]
Become, an online platform for SMBs to find and optimize their funding solutions, has raised a $10 million Series A funding to scale up operations in the United States and Australia. The round was led by Benson Oak Ventures and Magenta Venture, […]
In just about three years after the San Francisco-based online marketplace Faire launched, the startup is now worth $1 billion. Thanks to $150 million Series D investment round led by Lightspeed Venture Partners and Founders Fund. The Series D round, […]
Retail is dead! That is the phrase you hear from Wall Street analyst and pundits. With thousands of brick and mortar stores going bankrupt, you may be wondering why in the world a tech startup wants to venture into retail […]
A bug in the Apple App Store accidentally erased more than 20 million ratings of popular apps such as Google, Microsoft, Nike, Starbucks and Hulu among others, according to a report from app research firm Appfigures. The bug was caused by […]
Mainline, an esports tournament software and management startup that helps colleges and brands manage, monetize and market their esports programs and tournaments, has raised a $6.8 million Series A funding. The round was led by Work America Capital, alongside investments from individual […]