Cloud security startup Averlon Inc. launched today, saying it has raised $8 million in new funding to enhance its artificial intelligence-powered cloud security platform, improve threat prediction and neutralization, expand its capabilities. Founded in 2022, Averlon offers a cybersecurity platform designed to prevent malicious attacks. The company’s platform uses AI technology to counteract AI-driven attacks and provides ...

Shares of cloud subscription services company Zuora Inc. rose nearly 10% in late trading today after the company surprised investors with revenue and earnings beats in its fiscal 2025 first quarter. For the quarter that ended on April 30, Zuora reported adjusted earnings per share of 11 cents, up from five cents per share in the same ...

Shares in Synopsys Inc. declined by over 1% in late trading today after the electronic design automation company reported mixed results in its fiscal second quarter, with revenue falling short but adjusted earnings per share beating expectations. For the quarter that ended on April 30, Synopsys reported adjusted earnings per share of $466.9 million or ...

Streaming data lake platform startup Hydrolix Inc. today announced that it has raised $35 million in new funding to fuel product development, expand sales operations and implement a partner program. Founded in 2018, Hydolix offers a streaming data lake platform designed to transform the economics of log data. A streaming data lake platform is a data ...

Cybersecurity compliance startup Strike Graph Inc. today announced the launch of VerifyAI, a new artificial intelligence-powered service for security compliance that aims to give businesses flexibility and control for audits. Claimed to go beyond basic security control automation to understand the nuances of a business, VerifyAI delivers real-time feedback on continuous compliance, allowing customers peace of mind knowing ...

Cloud data protection startup Nightfall AI today announced the release of Firewall for AI, a new product designed to safeguard generative artificial intelligence-based applications and data pipelines. The service seeks to address the issues of sensitive data exposure and prompt injection. They’re two of the greatest risks facing companies that host public large language models or leverage ...

A new report released today by phishing protection company SlashNext Inc. details a massive increase in malicious emails, much of it driven by artificial intelligence services such as ChatGPT. The SlashNext State of Phishing 2024 mid-year assessment covers some objectively massive increases in malicious emails and that’s saying something in an age where increases in cyberattacks and malicious ...

Analytics and observability firm PagerDuty Inc. today launched new capabilities and upgrades to its PagerDuty Operations Cloud that are designed to assist in the resolution of operational issues and increase revenue. The new capabilities are pitched as helping enterprises modernize their operations centers by standardizing automation practices, transforming management and automating remote-location operations. With the ...

Decentralized social network protocol startup Farcaster said today it has raised $150 million in new funding on a $1 billion valuation to further grow its user base and add new in-protocol features such as channels and direct messaging. Founded in 2021, Farcaster offers a decentralized social network protocol that allows developers to build interoperable applications where users ...

Artificial intelligence safety platform startup WitnessAI Inc. today launched as it announced it has raised $27.5 million in funding from GV Management Co. LLC and Ballistic Ventures LLC to accelerate the development of new AI safeguards. WitnessAI’s path to becoming a venture capital-backed startup isn’t typical as it was founded and incubated in 2023 by ...