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Enterprise, Security

Filigran, the creator of OpenCTI, secures $16 million in funding for cutting-edge cybersecurity threat management solution

Paris-based cybersecurity startup Filigran is capitalizing on the success of OpenCTI to build a suite of open-source threat management products. The company has already found some early traction with OpenCTI, its open-source threat intelligence platform. It’s a threat intelligence platform that lets you gather threat data from multiple sources in a single interface. OpenBAS can be used as a standalone product, but it works better if you’re already using OpenCTI as it can use the threat intelligence data in OpenCTI. There will be another two products in Filigran’s eXtended Threat Management (XTM) product suite that focus on data-driven risk analysis and crisis management.

Zara Khan
February 29, 2024

Robotics & AI, Venture

Mistral AI receives $16 million investment from Microsoft

But Microsoft and Mistral AI buried the news — or at least an important part. At the time, the company raised €385 million (around $415 million) with Andreessen Horowitz (a16z) leading the investment round. Unlike previous Mistral AI releases, Mistral Large isn’t open source. With this investment, Microsoft is now an investor in OpenAI’s capped profit subsidiary and Mistral AI. As for Mistral AI, the so-called European AI champion looks more and more like its American competitors with a closed-source approach and a long list of American backers.

Max Chen
February 27, 2024
1 Comment

Enterprise

Co-Founder of Credit Karma, Nichole Mustard, Announces Departure After 16+ Years

Credit Karma co-founder and Chief Revenue Officer Nichole Mustard is leaving the company after 16-and-a-half years, TechCrunch has exclusively learned today. Chief people officer Colleen McCreary left her role in January before joining Ribbit Capital as an investor in June. Intuit closed on its $8.1 billion cash and stock purchase of Credit Karma in 2020 and things have been a bit bumpy since. Last November, Credit Karma confirmed to TechCrunch that it had “decided to pause almost all hiring,” citing “revenue challenges due to the uncertain environment.” At that time, the company shared that all Credit Karma verticals had been “negatively impacted by macro uncertainty. Credit Karma experienced further deterioration in these verticals during the last few weeks of the first quarter [of 2022].”In August, Intuit reported that Credit Karma had seen its revenue decline by 9% to $1.6 billion for the fiscal year ended July 31, 2023.