Latest from Paul Sawers
Thoma Bravo’s LogRhythm merges with Exabeam in more cybersecurity consolidation
Private equity giant Thoma Bravo has announced that its security information and event management (SIEM) company LogRhythm will be merging with Exabeam, a rival cybersecurity company backed by the likes…
AWS confirms it will launch European ‘sovereign cloud’ in Germany by 2025, plans €7.8B investment over 15 years
AWS has confirmed its European “sovereign cloud” will go live by the end of 2025, enabling greater data residency for the region.
Sona, a frontline workforce management platform, raises $27.5M with eyes on US expansion
Sona, a workforce management platform for frontline employees, has raised $27.5 million in a Series A round of funding. More than two-thirds of the U.S. workforce are reportedly in frontline…
Squarespace is being taken private in an all-cash deal that values the company on an equity basis at $6.6 billion.
CoreWeave, a $19B AI compute provider, opens European HQ in London with plans for 2 UK data centers
CoreWeave has formally opened an office in London that will serve as its European headquarters and home to two new data centers.
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Fairgen ‘boosts’ survey results using synthetic data and AI-generated responses
The Israeli startup has raised $5.5M for its platform that uses “statistical AI” to generate synthetic data that it says is as good as the real thing.
UK challenger bank Monzo nabs another $190M as US expansion beckons
Monzo has raised another £150 million ($190 million), as the challenger bank looks to expand its presence internationally — particularly in the U.S. The new round comes just two months…
Bankruptcy lawyers representing customers impacted by the dramatic crash of cryptocurrency exchange FTX 17 months ago say that the vast majority of victims will receive their money back — plus interest. The…
Microsoft and OpenAI have announced a $2 million fund to combat the growing risks of AI and deepfakes being used to “deceive the voters and undermine democracy.” This year will…
EQT snaps up API and identity management software company WSO2 for more than $600M
WSO2, a company that provides API and identity management services for enterprises, has been acquired by EQT for more than $600M.
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UnitedHealth data breach should be a wake-up call for the UK and NHS
The ransomware attack that has engulfed U.S. health insurance giant UnitedHealth Group and its tech subsidiary Change Healthcare is a data privacy nightmare for millions of U.S. patients, with CEO Andrew Witty confirming this week that it may impact as much as one-third of the country. But it should also…
Peloton to lay off 400 employees as CEO Barry McCarthy departs
Peloton, the exercise equipment maker, said it is laying off 15% of its workforce as part of cost-cutting measures.
Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake
Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira.
OnlyFans hits UK regulator’s radar for age-verification failures around porn access
Ofcom is investigating OnlyFans for failing to prevent children from accessing pornography through the platform.
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With Backstage, Spotify’s getting serious about its enterprise and dev tools business play
You know that mildly jarring experience whenever that well-known celebrity shows up in an entirely different context — e.g. a musician making a horror flick cameo; an NFL player rearing their head in a comedy series; or a Hollywood movie icon selling mobile phone plans on TV? Well, it’s starting…
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MongoDB CEO Dev Ittycheria talks AI hype and the database evolution as he crosses 10-year mark
A lot has happened since Dev Ittycheria took the reins at MongoDB, the $26 billion database company he’s led as president and CEO since September 2014. Ittycheria has taken MongoDB to the cloud, steered it through an IPO, overseen its transition from open source, launched a venture capital arm, and…
Area man, Twilio co-founder Jeff Lawson, buys The Onion
Jeff Lawson, co-founder and recently departed CEO of Twilio, is the proud new owner of satirical online newspaper The Onion.
Thoma Bravo to take UK cybersecurity company Darktrace private in $5B deal
Darktrace is set to go private in a deal that values the U.K.-based cybersecurity giant at around $5 billion.
UK probes Amazon and Microsoft over AI partnerships with Mistral, Anthropic and Inflection
The UK is launching initial enquiries into Amazon and Microsoft over partnerships with AI companies Mistral, Anthropic, and Inflection.
Parloa, a conversational AI platform for customer service, raises $66M
Conversational AI platform Parloa has nabbed $66 million in a Series B round, a year after it raised $21 million from a swathe of European investors to propel its international…
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French startup FlexAI exits stealth with $30M to ease access to AI compute
With the current iteration of its product going through its paces with a handful of beta customers, FlexAI will launch its first commercial product later this year.
Vector databases are all the rage, judging by the number of startups entering the space and the investors ponying up for a piece of the pie. The proliferation of large…
Google fires 28 employees after sit-in protest over controversial Project Nimbus contract with Israel
Google has terminated the employment of 28 staff following a prolonged sit-in protest at the company’s Sunnyvale and New York offices. The employees were protesting against Project Nimbus, a $1.2…
Meta to close Threads in Turkey to comply with injunction prohibiting data sharing with Instagram
Meta will “temporarily” shutter Threads in Turkey on April 29, in response to an injunction imposed by the country’s competition authority.
OpenAI is expanding to Japan, with the opening of a new Tokyo office and plans for a GPT-4 model optimized specifically for the Japanese language. The move is significant for…
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Reshape wants to help ‘decode nature’ by automating the ‘visual’ part of lab experiments
Reshape has developed a robotic imaging system replete with software and AI models to help scientists track visual changes from Petri dishes and similar plate formats.
Vista Equity to take revenue optimization platform Model N private in $1.25B deal
Model N, a platform used by companies such as Johnson & Johnson, AstraZeneca, and AMD to automate decisions related to pricing, incentives, and compliance, is going private in a $1.25…
Microsoft AI gets a new London hub fronted by former Inflection and DeepMind scientist Jordan Hoffmann
Microsoft has announced a new London hub for its recently unveiled consumer AI division. It will be fronted by Jordan Hoffmann, an AI scientist and engineer Microsoft recently picked up from…
Open source foundations unite on common standards for EU’s Cyber Resilience Act
Seven open source foundations are coming together to create common specifications and standards for Europe’s Cyber Resilience Act (CRA), regulation adopted by the European Parliament last month. The Apache Software…
Google DeepMind CEO Demis Hassabis gets UK knighthood for ‘services to artificial intelligence’
Demis Hassabis, CEO and one of three founders of Google’s artificial intelligence (AI) subsidiary DeepMind, has been awarded a knighthood in the U.K. for “services to artificial intelligence.” Ian Hogarth,…