ServiceNow to acquire cybersecurity startup Armis for $7.75B
Enterprise software company ServiceNow agreed to acquire nine-year-old cybersecurity startup Armis for $7.75 billion in cash. The deal is a massive valuation jump for the
Alphabet to buy Intersect Power to bypass energy grid bottlenecks
Google parent Alphabet has agreed to buy Intersect Power, a data center and clean energy developer, for $4.75 billion in cash, plus the assumption of
A rough week for hardware companies
In just about a week, iRobot, Luminar, and Rad Power Bikes all filed for bankruptcy. They’re very different companies — selling Roombas, lidar, and e-bikes,
‘It felt so wrong’: Colin Angle on iRobot, the FTC, and the Amazon deal that never was
When iRobot filed for Chapter 11 bankruptcy last Sunday, it marked the end of an era for one of America’s most beloved robotics companies. The
Ex-Splunk execs’ startup Resolve AI hits $1 billion valuation with Series A
Resolve AI, a startup developing an autonomous site reliability engineer (SRE), a tool that automatically maintains software systems, has raised a Series A led by
Apple becomes a debt collector with its new developer agreement
Apple on Wednesday released an updated developer license agreement that gives the company permission to recoup unpaid funds, such as commissions or any other fees,
Adobe hit with proposed class-action, accused of misusing authors’ work in AI training
Like pretty much every other tech company in existence, Adobe has leaned heavily into AI over the past several years. The software firm has launched
Monzo board reportedly pushed out CEO Anil over IPO timing
Monzo chief executive TS Anil was asked to step down by the fintech’s board amid concerns over international expansion and his post-IPO commitment, according to
OpenAI-backed biotech firm Chai Discovery raises $130M Series B at $1.3B valuation
Chai Discovery, a biotech startup with backing from OpenAI, announced a $130 million Series B round at a $1.3 billion valuation on Monday. The round
WhatsApp’s biggest market is becoming its toughest test
WhatsApp, Meta’s messaging app that millions of Indians rely on daily, is facing a critical moment in India as recent government directions threaten to disrupt