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WHTop → 📋 News → Oligo Security Raises $50M for Its Application Detection and Response
Oligo Security Raises $50M for Its Application Detection and Response
📅 - Application Detection and Response (ADR)cybersecurity solutionsprovider Oligo Security has announced $50 million in Series B funding led by Greenfield Partners. Red Dot Capital Partners, Strait Capital, and current investors Ballistic Ventures, Lightspeed Venture Partners, and TLV Partners are also participating.
The money will be utilized to support international go-to-market initiatives to satisfy the growing demand for the Oligo platform, which thwarts cloud-native attacks and instantly identifies exploitable application problems. In less than two years, the round takes Oligo's total fundraising to $80 million.
For security companies entrusted with identifying, addressing, and [...][... Check source for end of article ...]
📅 - French Quantum Computing Firm Alice & Bob Closes 100M Series B - A world leader in fault-tolerant quantum computing, Alice & Bob, has raised 100 million in its Series B fundraising round, which is being led by Bpifrance, AVP (AXA Venture Partners), and Future French Champions (FFC). QIA and Bpifrance have partnered to form FFC.
The funding would accelerate Alice & Bobs path to build the worlds first useful quantum computer by 2030.
"After setting performance records with our cat qubits, Alice & Bob is now moving into a new phase that is centered on creating a quantum computer that can produce useful outcomes," said Thau Peronnin, the company's CEO. In contrast to traditional methods, which would require millions of qubits, cat qubits allow for the [...]
📅 - VEIR Secures $75M to Deliver Superconducting Solutions for AI Data Centers - A $75 million Series B headed by Munich Re Ventures was successfully closed by VEIR, a pioneer in superconducting power delivery, with participation from both new and current investors. With this funding, VEIR's attempts to commercialize its cutting-edge solutions for data centers, utilities, and renewable energy companies will proceed more quickly.
Data centers may benefit greatly from VEIR's innovative superconducting solutions, which can offer up to ten times the power of conventional cables while using the same voltage and allowing for a lower electrical footprint. Conventional copper cable and busbar systems are unable to keep up with the increased power needs driven by AI models and [...]
📅 - 89% of IT Leaders Concerned About GenAI's Cybersecurity Risks - Even though generative artificial intelligence (GenAI)has been embraced by 65% of IT leaders, 89% of them are worried that vulnerabilities in GenAI cybersecurity technologies could endanger their company. Global cybersecurity solutions provider Sophos released an investigation that supports this claim.
Sophos released its report Beyond the Hype: The Business Reality of AI for Cybersecurity, shedding light on the complex role artificial intelligence (AI) plays in modern security operations. According to the report, 65% of respondents have already integrated GenAI capabilities into their security infrastructure, but nearly 89% are apprehensive about the potential risks posed by [...]
📅 - Verinext & Lucidity: Affordable Cloud Block Storage with AI Automation - Edwin Thornhill, Vice President, Enterprise Architecture at Verinext, stated, "Our clients are revolutionized by Lucidity's multi-cloud block storage management capabilities, which require no code." "This collaboration allows us to offer our customers a completely new degree of automated block cloud storage that is quick and affordable. The storage innovation of the Lucidity team is impressive; by removing over-provisioning and increasing storage space efficiency, it can lower cloud expenses by up to 70%.
Vice President of Global Partnerships and Alliances and Co-Founder of Lucidity Abhishek Pathak said, "We are excited to partner with Verinext, a proven storage and data management [...]
📅 - Azure Growth Slows, Fueling Investor Concerns Over AI Spending - Microsofts cloud business, a key driver of its artificial intelligence strategy, is showing signs of stagnation, sending ripples through investor sentiment. The companys stock fell 4.5% in after-hours trading following its fiscal second-quarter earnings report, which revealed slower-than-expected growth in its Azure cloud division.
While Microsoft exceeded overall revenue expectations, Wall Street remained unconvinced that the companys multi-billion-dollar AI investments were yielding the returns necessary to justify continued high spending.
Despite a 12% year-over-year revenue increase to $69.6 billion - surpassing analysts predictions of $68.9 billion - Azures performance fell short [...]
📅 - Gaia-X Tellus and DE-CIX Automate Cloud Connectivity - The Gaia-X Project Tellus has reached a significant milestone with the successful completion of its implementation phase, unveiling an automated prototype designed to integrate cloud environments from multiple providers seamlessly. Spearheaded by DE-CIX, the initiative addresses a longstanding challenge in cloud computing: simplifying connectivity between various networks andcloud services without the need for complex, manual configurations.
By reducing provisioning times from weeks to mere minutes, the project aims to enhance efficiency, enabling real-time, latency-sensitive applications across industries.
Traditional cloud deployment often requires businesses to manually procure, [...]
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