Sources tell us that Lacework — a cloud security startup that was valued at $8.3 billion post-money in its last funding round — is in talks to be acquired by another security player, Wiz, for a price of just $150–$200 million.
Wiz — valued at around $10 billion — is one of them.
The company is positioning itself as a one-stop-shop for all things cloud security en route to its IPO.
Earlier this month Wiz acquired Gem Security for $350 million, and it sounds like the M&A will not end with Laceworks.
We are always exploring compelling M&A opportunities that will enhance both our technological capabilities and business expansion, as we strive to build the world’s leading cloud security platform.”
UPI, built by a coalition of Indian banks, has become the most popular way Indians transact online, processing over 10 billion transactions monthly.
In February, a parliamentary panel in India urged the government to support the growth of domestic fintech players that can offer alternatives to the Walmart-backed PhonePe and Google Pay apps.
The NPCI has long advocated for limiting the market share of individual companies participating in the UPI ecosystem to 30%.
The RBI is also weighing an incentive plan to create a more favorable competitive field for emerging UPI players, another person familiar with the matter said.
Indian daily Economic Times separately reported Wednesday that the NPCI is encouraging fintech companies to offer incentives to their users, promoting the use of their respective apps for making UPI transactions.
After a lengthy trial and conviction, we finally learned how long former crypto baron Sam Bankman-Fried will be behind bars: up to 25 years.
It’s a lengthy sentence, but one that given the scale of the crimes he was convicted of, doesn’t come as a shock.
For the crypto industry, it’s also the final page in a chapter that many may want firmly behind them.
After all, we’re out of the last crypto winter and are back in a period of rising token prices, growing trading volume, and hints of the prior excitement that web3 commanded during the last asset bubble.
Still, before we fully wrap up our coverage of SBF and his erstwhile empire, it’s worth taking one last trip down memory lane to cement in our minds how we wound up with a former venture and political darling not in the dock, but behind bars.
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Nearly everything else that’s being built on or enabled by blockchains replaces something that’s already being done fairly well.
Yes, there are companies that facilitate crypto trades like Coinbase and Block (formerly Square).
But there’s no actual company that’s developed economic value by doing something brand new or better on a blockchain.
Energy drives the real-world economy, and unless Sam Altman or somebody successfully unlocks fusion and delivers energy that’s truly “too cheap to meter,” it’s going to remain a real asset with real value for some time.
In fact, it wouldn’t surprise me in the least if Satoshi had some kind of connection to the energy industry.
A new web3 network is being built right now that wants to end Big Tech’s control of your dataMany of the people building Web3 feel like the traditional web ecosystem has taken advantage of users and their data.
It’s the initial team supporting The Graph, a decentralized network that indexes, queries and organizes data.
It has been called the “Google of web3” and aims to organize open blockchain data and make open data a public good.
“Web3 is still being built, we’re still working on building this decentralized internet that is censorship resistant.
“The one thing that’s really important about AI is that it’s all about data,” Kline said.
Waymo will begin offering a robotaxi service to the public in Los Angeles this week and in Austin by the end of the year, the company’s co-CEO Tekedra Mawakan said Wednesday at SXSW.
Opening up a robotaxi service means the public will be able to hail a ride in a driverless car via the Waymo One app.
Austin will become the fourth city where Waymo operates a commercial driverless service.
Waymo also operates a robotaxi service in Phoenix, San Francisco and soon Los Angeles.
Unlike Texas, regulators in California require companies hoping to deploy commercial robotaxi services to attain a number of permits.
The loneliness of the robotic humanoid Humanoid robots are all the rage, but Agility’s Digit was a singular presence at this year’s Modex conferencePerhaps a few years from now, the halls of the Georgia World Congress Center will be peppered with humanoid robots the week of Modex.
A line of the bipedal robots were moving totes to a nearby conveyor belt at select times throughout the week.
This week in Atlanta, a rotating cast of eight Digits are working each day from show opening to close.
Agility is ramping up production volumes, with plans to hit “high double-digit” production of its bipedal robot by end of year.
This week at Modex, the company took the wraps off Agility Arc, deployment and fleet management software for Digit.
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Intuitive Machines’ first moon mission will come to a premature end due to the spacecraft landing on its side, which altered how the solar panels are positioned in relation to the sun, the company said in an update Tuesday morning.
Intuitive Machines made history when it landed its spacecraft, called Odysseus, near the lunar south pole last week.
The lander is the first American hardware to touch the lunar surface since NASA’s final crewed Apollo mission in 1972.
It’s also the first privately built and operated spacecraft to land on the moon — ever – and the closest a lander has ever come to the lunar south pole.
Intuitive Machines and NASA leadership will host a second televised news conference tomorrow to discuss updates to the mission.
