The Reddit and Astera Labs IPOs last week ate up a lot of media oxygen.
And with good reason, the two tech IPOs priced well and traded with even more gusto.
After a long dearth for technology offerings, seeing two large, multi-billion dollar offerings in the same week was part of a much-needed win for private-market tech companies, and sigh of relief for the same.
But there was another offering last week that has a tech-angle to it: Trump Media and Technology Group, which is the company behind Truth Social.
More from TechCrunch here, but the gist is that after much back-and-forth, it merged with its chosen SPAC and started to trade.
Milewski and Schwartz bootstrapped Zūm Rails, building it up to a team of 30 people.
“We reached the point where we realize that bootstrapping is no longer healthy for our business,” Schwartz told TechCrunch.
In addition, Zūm Rails is working on a FedNow offering in the U.S. that will enable businesses to send and receive FDIC-insured payments within seconds.
Zūm Rails’ performance to date “is really impressive,” Jake Olson, vice president at Arthur Ventures, told TechCrunch.
Any organization that views the streamline digital financial interaction coupled with the instant payments capability as a competitive advantage will be a great fit for Zūm Rails.”
1Password, the AgileBits-owned password management software developer, today announced that it has acquired Kolide, an endpoint security platform, for an undisclosed amount.
According to 1Password CEO Jeff Shiner, Kolide founder and CEO Jason Meller and all of Kolide’s 30 employees will join 1Password “as an intact team.” Meller has taken on the role of VP of product at 1Password.
Kolide’s platform, which Meller co-launched in 2016 with Mike Arpaia and Zach Wasserman, offers security-related endpoint alerts, remediation and more delivered via Slack.
Kolide attempts to prevent unknown endpoint devices from accessing corporate apps.
Prior to the acquisition, Kolide managed to pull in $26.6 million in venture capital from OpenView, Matrix and other VCs and angels.
The Indian fintech platform, CRED, is expanding its offerings to boost engagement and monetization on the platform. The buy now and pay later service and a tap to pay feature…
Binance, one of the world’s largest cryptocurrency exchanges has decided to cease services that it provided to WazirX, an Indian crypto exchange which it once sought to acquire. The move…
