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Business & MBA

Snyk to acquire DeepCode

Snyk, vendor of open source security software, announced their intent to acquire DeepCode, a Zurich based startup that build AI based security solutions for developers.

From the announcement

We are excited to integrate DeepCode’s technology to our developer-first vision and the Snyk Cloud Native Application Security platform.

From the announcement

Source: Accelerating our developer-first vision with DeepCode | Snyk

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Business & MBA Security & Privacy

Facebook threatens to stop operations in EU

Facebook threatens to stop operations in EU: Not so sure I’d understand it as a threat, if Facebook ceased operations in Europe. Me personally would’ve kicked the information sucking service and timesink to the youth out a while ago. Latest, when it became clear that Facebook is a pool of hatespeak, that nobody can or wants to control, the time should’ve been over.

However, that’s exactly what they threaten the European Union with. The debate and negotiation started over the ability to transfer personal identifiable information over the Atlantic, to the US.

Most likely, I’d suspect, EU regulators will fall for the attack and back down.

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Business & MBA

Snowflake completes largest-ever software IPO

The IPO closed at $120 per share, totalling in a market capitalisation of $33bn. This impressive value eclipses many established global tech players.

Update: TechCrunch’s SnowFlake Category.

via Financial Times (ft.com)

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Business & MBA Security & Privacy

GAIA-X takes next steps

Der Mitteilung des Bundesministerium für Wirtschaft und Energie (BMWi) zu Folge haben heute je 11 deutsche und französische Gründungsmitglieder die notariellen Unterlagen zur Gründung einer “Association internationale sans but lucratif“, kurz AISBL, unterzeichnet. Es handelt sich dabei um eine “Vereinigung ohne Gewinnerzielungsabsicht”, einer belgischen Gesellschaftsform, die dem deutschen gemeinnützigen Verein vergleichbar ist. Sitz der Vereinigung wird Brüssel sein.

Die juristische Geburt des Konzeptes GAIA-X stellt einen großen Schritt nach vorne für europäische Dateninfrastruktur dar.

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Business & MBA

Save ARM

After nVidia announced their intent to acquire ARM for $40B the other day, ARMs cofounder Hermann Hauser cofounder, today published an open letter to the british prime minister. The letter brings attention to economic implications the deal will bring and appeals to prevent those. To save ARM: https://savearm.co.uk/

Critical voices have expressed their concern over the market share nvidia would build only after the announcement.

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Business & MBA

Nvidia to buy ARM for $40B

nVidia has a blog post over the proceeding. Of course, not only for the sheer size of the deal at $40B, not only techcrunch but also The Verge report on how Nvidia is acquiring Arm for $40 billion. The impact and consequence of the deal is suspected to be huge. ARM’s market share in mobile computing has been tremendous. Through their licensing modes, many mobile phones can remain affordable with decent CPUs and GPUs. With nVidia in the game, a huge single vendor emerges for the market, that some random sources expressed concern over market dominance.

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Business & MBA Security & Privacy

Snyk closes mega funding round

snyk

Snyk closes mega funding round: the London based company offers open-source services and products for modern security. The company announced the funding round on it’s own blog. The company, founded by Guy Podjarny, grew rapidly since it’s founding in 2015. The product addresses modern security needs for a container driven IT world. With open source and developer first approaches it delivers an approach that hits a nerve. Increasing complexity of software development and dependencies to open-source components drives demand. Dependencies to open-source components are a twofold reality: They allow faster development for any product team. At the same time, they bring a level of complexity that requires additional management. This reality created a market for companies like Snyk, but also WhiteSource or BlackDuck, in the security space, with a special focus on software development.

Snyk helps software-driven organizations find and fix vulnerabilities in open source dependencies and container images.

We are truly humbled to announce the closing of our latest funding round—an investment of $200 million led by Addition—to modernize the security industry.

from the Snyk blog.

The funding round is a Series D. Snyk closes mega funding round: With previous rounds, the company expanded internationally before. This recent funding round let’s expect further rapid growth of the brand and product. The size of the funding sets expectations for the near future pace of growth.

Source: Snyk Closes $200M to Modernize Security Industry | Snyk

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Business & MBA

Sumo Logic aims to raise $310 million in US IPO

Sumo Logic plans to go public. The company offers log management services, along with analytics for the purpose of management and observability of IT Systems. The offer comes differentiated as a fully managed solution, delivered from the cloud. Now the company apparently plans for an IPO, reports Reuters:

Source: Reuters – Big data firm Sumo Logic aims to raise $310 million in U.S. IPO

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Business & MBA

SAP Announces Intent to Take Qualtrics Public

SAP has announced its intent to take Qualtrics public through an initial public offering (IPO) in the United States. Read the press release.

Update

TechCruch also has some coverage on the planned Qualtrics IPO.

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Business & MBA Internet & Culture Product, Projekt & Agile

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