When IT was responsible for servers onsite, understanding what you owned and where it lived was not a big problem. For most, it was physical machines in a closet or server room, but as infrastructure became virtualized and moved to the cloud, figuring out the lay of your infrastructure land became more difficult. Faddom, an […]
Goldman Sachs bets on Simetrik’s payments infrastructure tech
Nearly two years after securing $ 20 million in Series A capital, B2B financial solutions startup Simetrik is back with additional investment to the tune of $ 55 million in Series B funding. The Colombia-based company is developing financial automation technology around record centralization, reconciliations, controls, reporting and accounting. Where it is differentiating itself is […]
China-backed Volt Typhoon hackers have lurked inside US critical infrastructure for ‘at least five years’
China-backed hackers have maintained access to American critical infrastructure for “at least five years” with the long-term goal of launching “destructive” cyberattacks, a coalition of U.S. intelligence agencies warned on Wednesday. Volt Typhoon, a state-sponsored group of hackers based in China, has been burrowing into the networks of aviation, rail, mass transit, highway, maritime, pipeline, […]
AI pushes quarterly cloud infrastructure revenue to $74B globally
For the last several quarters we’ve seen a lull in the expansion of the cloud infrastructure market, with lower growth numbers than we’ve been accustomed to seeing in the past. That changed this quarter thanks in large part to interest in generative AI. The new revenue wave began just last year driven the by the […]
US disrupts China-backed hacking operation amid warning of threat to American infrastructure
FBI director says China’s hackers are preparing to ‘wreak havoc’ on critical US systems Carly Page 9 hours The U.S. government announced Wednesday it had disrupted a China-backed hacking operation targeting U.S. critical infrastructure, amid warnings that Beijing is preparing to cause “real-world harm” to Americans in the event of a future conflict. Speaking during […]