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Two-thirds of cloud breaches down to misconfigured APIs - IBM report
A report from IBM has revealed that misconfigured APIs were behind as much as two-thirds of all cloud breaches over the 12-month period up to June. The data came from dark web analysis and various IBM metrics and research. Threat actors are appearing more and more in cloud-based environments. Vulnerabilities in cloud-based applications were also found to have increased.
British fibre broadband company CityFibre secures $1.55bn
British telco CityFibre has raised $1.55 billion to support the rollout of its fibre network across the UK and challenge BT. The company has obtained £825m from Abu Dhabi sovereign wealth fund Mubadala and investment fund Interogo. CityFibre said it will use the funds to reach its target of providing fibre to eight million homes across 285 cities, towns and villages across the UK.
OpenSea admits to NFT insider trading
OpenSea, the largest NFT marketplace, says insider trading rumours are true. An unidentified OpenSea employee “purchased items that they knew were set to display on our front page before they appeared there publicly,” CEO Devin Finzer said in a statement. OpenSea, which is valued at $1.5bn, said that it has introduced a new policies to prevent this incident from repeating itself.
JPMorgan set to launch digital bank 'Chase' in the UK
JPMorgan is to launch its "Chase" digital bank in the UK next week. An app offering current accounts only will be made available from Tuesday, a spokesperson revealed. They outlined JPMorgan's commitment to the FT, saying that it will spend "hundreds of millions" before being able to break even. This is JPMorgan's first overseas retail bank. Goldman Sachs launched a similar offering in 2018.
Data-driven tech talent recruiting platform CodeSignal raises $50m
Software developer assessment platform CodeSignal has closed on a $50m funding round led by Index Ventures with participation from Menlo Ventures, Headline and A Capital. CodeSignal is a self-driving interview platform that measures programming skills regardless of a person’s background. The tech industry's growing need for engineers has allowed it to grow 3.5 times in revenue year over year.
Data integration platform Matillion achieves unicorn status
UK-based cloud integration platform Matillion has achieved unicorn status after a $150m funding round took its value to $1.5bn. The round was led by General Atlantic, a global growth equity firm, with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners. It follows an earlier funding round in 2021, bringing total to-date to $310m.
Identity startup Persona raises $150m, value hits $1.5bn
Digital identity startup Persona has raised $150m, valuing the business at $1.5bn. The Persona platform helps companies to securely collect, verify, and manage individual's identities. The round was led by Founders Fund, with participation from Meritech Capital Partners, BOND, and existing investors Index Ventures and Coatue Management. The new capital brings the company's amount raised to $217.5m
Thoughtworks reaches $9bn valuation after New York IPO
Technology consulting firm Thoughtworks reached a $9bn valuation after an initial public offering in New York City that was priced well above range. The company's stock opened at $26, above its targeted price range of $18 to $20. "The market that we operate in is expected to double by 2025 ... We will continue to invest in our service offerings," said Chief Financial Officer Erin Cummins.
Ex-AWS exec Charlie Bell to take on cybersecurity role at Microsoft
Microsoft has confirmed that it has hired long-time AWS executive Charlie Bell. Reports emerged earlier this month that Bell was set to make the jump. In a LinkedIn post, he confirmed he would be taking on a cybersecurity remit dealing with fraud, ransomware and data exposure. AWS still haven't sanctioned the move because of a non-compete clause, however, so Bell is yet to start work.
Fintech company Pagaya set for $8.5bn SPAC merger
Pagaya is to go public via a SPAC merger worth an expected $8.5bn. The Israeli-U.S. fintech manages assets for different financial services organisations, such as banks and insurance companies. It uses artificial intelligence to improve financial processes. Pagaya will merge with the special-purpose acquisition company EJF Acquisition Corp. It was co-founded by former UBS executive Gal Krubiner.
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