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Cybersecurity firm Armis raised $435 million in a pre-initial public offering funding round that valued the company at $6.1 billion.
The company will use the new funding to fuel a three-year plan that includes reaching $1 billion in annual recurring revenue and preparing for an IPO, it said in a Wednesday (Nov. 5) press release.
Armis recently surpassed $300 million in ARR, according...
Cryptocurrency exchange Gemini Space Station is reportedly preparing to offer prediction market contracts.
The move would put Gemini in the company of a host of other financial firms entering the prediction market space, which presents a federally regulated way to bet on the outcome of everything from sporting events to elections, Bloomberg reported Wednesday (Nov. 5), citing unnamed...
OpenAI said it now has more than 1 million business customers around the world.
The artificial intelligence (AI) startup announced this milestone Wednesday (Nov. 5), saying it makes OpenAI “the fastest-growing business platform in history.”
The figure, the company said on its blog, “includes all organizations that actively pay OpenAI for business use—either through ChatGPT for Work, or...
Billd raised $7.3 million in strategic funding to accelerate the addition of more capital solutions to its financial solutions for commercial subcontractors.
One of the solutions the company has launched is an early pay program called Predictable Pay that gives subcontractors access to faster, more predictable pay, the company said in a Wednesday (Nov. 5) press release.
Billd founder...
Citi analysts said the latest weakness in the cryptocurrency market is happening despite healthy equity performance.
That’s according to a report Wednesday (Nov. 6) from Coindesk, citing analysts from the Wall Street bank who say that sharp liquidations last month had left investors feeling less confident, including those investing in newer spot exchange-traded funds (ETF).
As the...
European digital used car platform Auto1 is emphasizing convenience and selection following a record quarter.
The company reported earnings Wednesday (Nov. 5) showing its retail segment Autohero delivering a record 27,000 units, up 42% year-over-year. Cars are going out faster as well, with the average delivery time falling 20% year over year, from 12 days to 9.5 days, catering to...
For years, progress in artificial intelligence was defined by scale and model size. Companies poured billions into training massive systems with ever-growing data sets, assuming that bigger meant better. That assumption is beginning to change. The next phase of AI is about efficiency, building models that are smaller, faster and cheaper to run without sacrificing performance.
Anthropic...
State-sponsored threat fraudsters have developed malware powered by artificial intelligence (AI) that can not only generate malicious scripts but also “change its code on the fly” to get around detection systems, Google Threat Intelligence Group (GTIG) said in a Wednesday (Nov. 5) blog post.
GTIG said in a report released Wednesday that this is the first time it has seen malware...
Digital asset infrastructure provider Ripple said it is now a $40 billion company.
The firm announced the new valuation Wednesday (Nov. 5) following a $500 million strategic investment from funds managed by affiliates of Fortress Investment Group, affiliates of Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard and Marshall Wace.
“This investment reflects both Ripple’s...
GoodRx CEO Wendy Barnes sees a “profound transformation” happening in prescription drug pricing.
The catalyst, Barnes said during an earnings call Wednesday (Nov. 3), is the pending launch of TrumpRx, the planned government-run prescription drug website.
“The market is shifting decisively toward greater transparency and direct to consumer access,” Barnes told analysts.
“We view this...