Author: TechBrunch
Getting a ghost is never fun. Especially if you are a founder who is looking for capital from investors. It's similar to a date. You said, “Why hasn't this person returned to me? Did you do something wrong?” Did investors dislike the product? Did they personally not care about me? ” It's enough to drive everyone like crazy. Ghosts are an undeniable signal of lack of interest. If the VC wants to invest, they will definitely answer your cold call or return to you after the pitch. According to some VCs who spoke with TechCrunch, there are various reasons why…
More integrations are being rolled out in the security industry as platform players scooped up technology and provide deeper expertise in business growth. On Thursday, Armis, a $4.2 billion expert in cyber exposure management, said it would acquire Otorio, an expert in ensuring the industrial and physical environment. The terms of the transaction have not been revealed, but sources close to the transaction tell TechCrunch that Armis, based in San Francisco but with Israeli roots, has paid $120 million in Otorio's cash and shares. Previously, the Tel Aviv-based startup had raised $50 million from one strategic investor, the industrial company…
Reddit announced Thursday that it will introduce a new set of tools to make it easier for users to participate on the platform. This feature is designed to help users find communities and prevent posts from breaking rules, and understand how to contribute across social networks. The combination aims to enhance the Redditor posting experience, especially by making it easier for new users who don't understand how Reddit works and where to post. First of all, the company says it will start helping users find a suitable community for their audience with “Community Proposals.” If users create a post and…
Every week, it seems like a newer AI model is a more impressive one. Given the rapid pace, how can founders occupy the best place to build in addition to this technology? TechCrunch Sessions: AI, June 5th, at Zellerbach Hall in UC Berkeley, will host a panel on “How Founders Building on Existing Fundamental Models” to answer some existential questions facing AI startups. Google Deepmind, Cohere and 12 labs (three companies at the forefront of AI model development) are excited to help answer these questions. Participants can hear directly from the source about what AI model developers are trying to…
As AI companies compete to improve the accuracy of large-scale language models (LLMS) and apps built on top of them, startups that have emerged as key partners in their efforts have announced considerable funding. Turing, which works with the military of engineers to provide code to AI projects, has secured a $111 million Series E round, doubled its valuation to $2.2 billion, including helping to build LLMs such as Openai and creating a generator AI app for businesses. Turing currently generates around $300 million in ARR (annual revenue execution rate), which was $167 million when this latest round was priced.…
AI agents are moving around the world, and on Thursday a startup called Crogl debuted its contribution to the field. Cybersecurity researchers are autonomous assistants and help them analyze thousands of daily network alerts to find and correct real security incidents. The assistant, described by Crogl CEO and co-founder Monzy Merza as the researcher's “Iron Man Suit,” is already quietly unfolding in many large corporations and other large organizations. With the move from today's private beta, the startup has also announced $30 million in funding. The $30 million is a $25 million Series A led by Menlo Ventures. Previous $5…
It appears that the UK government quietly completed encryption advice from government web pages just weeks after requesting backdoor access to encrypted data stored on iCloud, Apple's cloud storage service. The change was discovered by security expert Alec Muffet. In a blog post Wednesday, AlecMuffet wrote that the UK's National Cybersecurity Centre (NCSC) does not recommend that high-risk individuals use encryption to protect sensitive information. In October, NCSC released a document entitled “Cybersecurity Tips for Lawyers, Lawyers and Legal Professionals,” which advises the use of encryption tools such as Apple's Advanced Data Protection (ADP). ADP allows users to turn on…
The war in Ukraine brought drones to the forefront of modern warfare, surged the demand for counter drone systems. However, legacy solutions for counter drones such as ground defense systems and cyber warfare often come with a large price tag. For German startup Alpine Eagle, these solutions are lacking. Currently, if a $500 first-person view (FPV) drone has the ability to destroy millions of dollars of tanks, a cost-effective answer is needed. “We use cheap, mass-producible systems to establish symmetry against the numerical benefits of cheap strike drones,” Dutch entrepreneur Jan-Hendrik Boelens told TechCrunch. Munich-based Alpine Eagle, which he co-founded…
Gong, a startup that helps companies forecast revenue from potential sales, has surpassed $300 million in annual recurring revenue, the company announced Wednesday. Since its founding in 2016, Gong has been using AI to analyze customer interactions. The addition of generation AI features in recent years has helped to drive the company's growth. “We're seeing a lot of momentum,” Gong CEO Amit Bendov told TechCrunch. Gong was last valued at $7.255 billion as it raised a $250 million Series E in 2021 on a deal led by Franklin Templeton with participation from Coatue, Salesforce Ventures, Sequoia, Thrive Capital and Tiger…
A Barcelona court has determined that Omri Lavie and Shalev Hulio, co-founders of Spyware Maker NSO Group, and former executives of two affiliate companies Yuval Susekh, can be charged as part of the alleged hacking of Catalan lawyer Andreu Van Den Eynde. Ilidia, a Barcelona-based human rights nonprofit that filed criminal charges, announced its ruling on Monday. In the lower court, Ilidia requested that judges Ravie, Julio and somekh be charged in addition to their company. Initially, the court refused the request. Ilidia appealed, and the High Court ruled that three people can now be charged. “This ruling sets a…