As the Gulf region gains growing strategic importance for the tech war between the U.S. and China, Microsoft makes a big move into one of its richest oil countries. On Monday evening, Microsoft announced a $ 1.5 billion strategic investment in G42, the Abu Dhabi-based company that has become a major force in the United […]
AI is a data problem. Now Cyera is raising up to $300M on a $1.5B valuation, to secure it
A cybersecurity startup called Cyera is betting that the next big challenge in enterprise data protection will be AI, and it’s raising a big round of funding as demand picks up for it. The company — which builds AI-enhanced tools to create accurate pictures of where and how data is being used in organizations’ networks […]
TikTok to invest $1.5B in GoTo’s Indonesia e-commerce business
ByteDance’s TikTok will take a 75.01% controlling stake in a joint venture entity formed in partnership with GoTo’s e-commerce unit Tokopedia, the two tech firms announced on Monday. TikTok will invest $ 1.5 billion in the combined entity over time “to provide future funding required by the business, without any additional dilution to GoTo’s 24.99% […]