Cyber security giant Palo Alto Netws on Wednesday announced with the intention of receiving identification management and security company Cyberk for $ 25 billion. According to a company press release, it marks a mixture of deal, cash and stock, the entrance of Palo Alto in the identity safety place. Palo Alto has been in a…
Intel continues to streamline its business. The company plans to shut down its network and edge group, which is responsible for creating chips for the telecom industry, as Originally reported by CRNIntel Standalone will be an anchor investor in the business and will look for outside capital. Intel was Rumor to be in search of…
New York City -based Betorks has closed its $ 66 million fund III, which will focus on investing in the early stage AI companies. Betaworks have been investing in AI at least since 2016 and have supported companies such as Hugging Fes and Grenola through their investment program camp. Jordan Kruk, a partner of the…
Enterprise Design Startup Fig Enters the next stage of its IPO journey. Fig announced that it is Killing your IPO Roadshow On Monday. The company plans to offer more than 36 million shares of Class A Stock, which is expected to be priced between $ 25 to $ 28 per share. The offer includes a…
Enterprise AI Startup Moveds’ acquisition of Serviceeno is allegedly conducting regulatory investigation. The acquisition is currently reviewing for mistrust by the US Department of Justice, Bloomberg according toWhich cited familiar sources from the case. The investigation began in June, Bloomberg said, and both companies have since received the “second request”, which has been calling for…
Fashion Startup Castle founder Christine Hanikar on Friday converted himself into officials to face fraud allegations, Officials confirmed from Bloomberg. American Attorney ignored an indictment for the southern district of New York Against him, he was to charge wire fraud, securities fraud, money laundering, identity theft, and charging from financial institutions. He is accused Cheating…
NVIDIA is firm to find a way to sell AI chips in China despite the US export sanctions. The semiconductor giant is planning to launch the AI chip, especially for the Chinese market, in early September. Originally reported by Financial Times, This AI chip will be based on Nvidia’s Blackwell RTX Pro 6000 processor, which…
Venture Capital Firm Catalio Capital Management Announced today Its $ 400 million fund IV concludes, As reported earlier by Bloomberg. Fund will continue the thesis of the firm of support of healthcare and biotechnology companies. According to the pitchbook, the firm was established in 2020 and has invested over 100. Catallio’s fund IV, in particular,…
