Tech Meme

Ryan Naraine / SecurityWeek: Israel-based Seraphic Security, whose product allows customers to securely access SaaS and private web applications, raised a $29M Series A led by GreatPoint  —  Seraphic Security banks $29 million investment as VCs remain bullish on startups with security-themed browsers for corporate defenders. Lees verder op Tech Meme

Krisztian Sandor / CoinDesk: Tether had $13B in 2024 net profits, including ~$7B from its US Treasuries and repo holdings, and $5B from unrealized appreciation of gold and bitcoin holdings  —  Tether, the crypto company behind the largest stablecoin USDT, said on Friday it generated $13 billion group-wide net profits last year in a record-breaking year. Lees verder op Tech Meme

Samantha Kelly / CNET: Apple agrees to a $20M settlement to resolve claims that some Watch batteries swelled over time, potentially damaging other key components, such as the display  —  Eligible Apple Watch owners have until April 10, 2025, to apply for a payout.  —  Owners of certain Apple Watch models … Lees verder op Tech Meme

Samantha Subin / CNBC: Atlassian reports Q2 revenue of $1.29B vs. $1.24B est. and expects 26.5% cloud growth, 21.5% data center growth for the fiscal year; TEAM jumps 18%+  —  Atlassian shares popped 19% after the software company blew past Wall Street’s fiscal second-quarter earnings and guidance expectations. Lees verder op Tech Meme

Alexander Lee / Digiday: LinkedIn says short-form video is its fastest-growing content category, and total video viewership grew 36% YoY between October 30, 2024 and January 29, 2025  —  LinkedIn’s ongoing efforts to woo video creators paid off in the past few months, according to new figures shared by the company. Lees verder op Tech Meme

Dan Primack / Axios: Source: Anton Levy is stepping down as General Atlantic’s co-president and chairman of global technology; Levy led investments in Alibaba, Facebook, and more  —  No word yet on his future plans, although it doesn’t sound like anything is imminent.  — Levy will be replaced … Lees verder op Tech Meme

Zoë Schiffer / Wired: Sources: OpenAI plans to release o3-mini today with o1-level reasoning and 4o-level speed, as the company’s staff is galvanized by DeepSeek’s success  —  After a Chinese-startup roiled the industry, OpenAI readies a response—ahead of schedule.  —  It’s been just over a week since DeepSeek upended the AI world. Lees verder op Tech Meme

Counterpoint Research: Indian smartphone market’s revenue rose 9% YoY in 2024, with shipments up 1% YoY to 153M units; Nothing was the fastest-growing brand, up 577% YoY  —  – The Indian smartphone market’s Revenue on the basis of the wholesale price rose 9% YoY in 2024 to reach a record high. Lees verder op Tech Meme

Bloomberg: Sources: STMicroelectronics is considering reducing its workforce by about 6%, or up to 3,000 jobs, through early retirements and attrition, amid a chip slump  —  STMicroelectronics NV is considering reducing its workforce by as much as about 6% through early retirements and attrition … Lees verder op Tech Meme

Frederic Lardinois / TechCrunch: Finout, which makes cloud cost management software, raised a $40M Series C, following a $26M Series B in March, bringing its total raised to $85M  —  Even just a few years ago, FinOps — a collection of best practices to manage the costs of cloud computing — wasn’t something that was top of mind for a lot of businesses. Lees verder op Tech Meme