Duncan Riley
Latest from Duncan Riley
Australian enterprise cybersecurity firm Kasada raises $23M to fuel growth
Australian enterprise cybersecurity firm Kasada Pty Ltd. announced today it has raised $23 million in new funding to accelerate sales in the U.S. and to hire more people to capitalize on increasing demand for its services. StepStone Group led the Series C round. Also participating in the round were Ten Eleven Ventures, Main Sequence Ventures, Reinventure, Our Innovation Fund ...
$150M stolen in hack of cryptocurrency exchange BitMart
Cryptocurrency exchange BitMart has been hacked with about $150 million in cryptocurrency stolen. The hack of the exchange, run by GBM Global Holding Co. Ltd., took place late Saturday. It involved the theft of cryptocurrency from an Ethereum hot wallet and a Binance Smart Chain hot wallet. How the wallets were breached is not known. BitMart ...
Grab shares plunge following giant $40B Nasdaq SPAC merger debut
Shares in Grab Holdings Inc. plunged on debut on their Nasdaq today after the company completed a special-purpose acquisition company merger with Altimeter Growth Corp. The listing, the largest-ever SPAC deal, valued Grab, often referred to as the Uber of Southeast Asia, at $40 billion. Grab is also only the second major tech company from ...
Smartsheet shares surge on strong quarterly earnings
Shares in work management platform provider Smartsheet Inc. surged in late trading after the company strongly beat quarterly earnings forecasts. For the quarter ended Oct. 31, Smartsheet reported a loss before costs such as stock compensation of $3.4 million, or three cents per share, down from $15.1 million, or 12 cents per share, a year ago. Revenue ...
Secureworks shares drop on weaker-than-expected guidance
Shares in cybersecurity firm Secureworks Corp. dropped in regular trading today on slightly weaker-than-expected revenue guidance. For the quarter ended Oct. 31, Secureworks reported a profit before costs such as stock compensation of $1.2 million, or one cent per share, down froo $6.7 million or eight cents a share a year ago. Revenue in the ...
Asana shares plunge despite beating earnings expectations
Shares of Asana Inc. plunged in after-hours trading even though the team collaboration software provider beat market expectations in its latest earnings report. For the quarter ended Oct. 31, Asana reported a loss before costs such as stock compensation of $69.3 million, or 37 cents per share, down from $73 million, or 65 cents per share, a ...
IoT security startup Karamba raises $10M to accelerate product roadmap
“Internet of things” security startup Karamba Security Ltd. today announced that it has raised $10 million in new funding to accelerate the development of its product roadmap. Vietnamese automotive maker VinFast led the extension of Karamba’s Series B round, the round having been initially raised in 2017. Also participating in the extended funding round was SVIC, YL Ventures, ...
Microsoft launches new standalone version of Teams for $4 per month
Microsoft Corp. today launched a new version of Microsoft Teams called Essentials, the first time the company has offered a standalone version of its popular online meeting solution. Microsoft Teams Essentials sits between the free version of Teams and the full Office 365 experience. For $4 per month, Teams Essentials gives subscribers unlimited group meetings ...
Fresh from leaving Twitter, Jack Dorsey announces Square will change its name to Block
Fresh from stepping down from his position as chief executive officer of Twitter Inc., Square Inc. CEO Jack Dorsey today announced that Square is changing its corporate name to Block Inc. In a move reminiscent of Facebook’s decision to change its name to Meta Platforms Inc., the decision is said to reflect Square’s shift from a ...
CrowdStrike, Zscaler and Okta beat quarterly revenue forecasts
Revenue at three security-related companies came in higher-than-expected in their latest quarterly earnings reports today, but it was a mixed bag in terms of how investors responded. Of the three, CrowdStrike Holdings Inc. saw the highest share increase, while Zscaler Inc. remained mostly flat. Okta Inc. saw its share price plunge before recovering in late ...