Business

$175M Series D Funding Rocket Island Technology Inc.’s Valuation to a Whopping $3B

Key Takeaways: - Island Technology Inc., the secure enterprise browser developer, bagged a $175M Series D funding, thus doubling its valuation to $3 billion. - Coatue,...

Google Announces $1B Investment in Pacific Subsea Internet Infrastructure Enhancement

Key Takeaways: - Google LLC commits to a $1 billion initiative for subsea internet improvements in the Pacific. - The first project is establishing a new...

Boosting Small Businesses: Key Insights on Securing SBIR/STTR Grants from Expert Richard Giersch

Key Takeaways: - Former biotech executive Richard Giersch provides a detailed guide on securing SBIR/STTR grants for startups. - Ensuring commercial potential, a robust budget justification,...

Anthropic Debuts Fast and Economical Claude 3 Haiku Model

Key Takeaways: - Anthropic PBC, an AI startup, introduces Claude 3 Haiku Tuesday as the newest addition to its Claude 3 language models. - This high-speed...

Resonance Security Inc. Unveils Comprehensive Cybersecurity Solution for Web3 Projects

  Key Takeaways: - Resonance Security Inc. has launched a comprehensive cybersecurity platform for Web3 projects. - The platform integrates blockchain security best practices with traditional application...

Textio Restructures, Terminates 16% of Workforce to Support Product Growth

Key Takeaways: - Textio announces 16% workforce reduction in a restructuring bid. - The AI firm shifts resources to focus more on their product Textio Lift. -...

Adobe Stock Plummets Amid Weak Guidance & Fears of AI Impact

Key Takeaways: - Adobe Inc.'s shares dropped over 10% in extended trading despite strong Q1 results. - The company's weak guidance fed investors' concerns. - Fears that...

Smartsheet Achieves Revenue Milestone, Makes Leadership Changes, and Introduces AI Features

Key Takeaways: - Smartsheet hits $1 billion in annualized recurring revenue in Q4. - The company unveiled two AI extensions which a third of enterprise customers...