Tech Meme

Mike Freeman / San Diego Union-Tribune: San Diego-based Measurabl, which makes carbon footprint management tools for properties, raised a $93M Series D led by Energy Impact Partners and Sway Ventures  —  Measurabl managed to raise money despite the venture capital market being largely frozen for technology entrepreneurs. Lees verder op Tech Meme

Natasha Singer / New York Times: Amazon agrees to pay $25M to settle FTC and DOJ charges over the company keeping Alexa voice recordings and geolocation data collected from children for years  —  Regulators said the tech giant kept children’s Alexa voice recordings “forever,” violating a children’s privacy law. Lees verder op Tech Meme

Bloomberg: Amazon’s Ring agrees to pay $5.8M to settle FTC allegations that until 2017, Ring gave employees and third-party contractors full access to every customer video  —  Amazon.com Inc. agreed to pay $30.8 million to resolve two cases brought by the Federal Trade Commission Wednesday related to privacy lapses by its smart devices. Lees verder op Tech Meme

Jane Lee / Reuters: Boston-based Lightmatter, which uses light for AI computing, raised a $154M Series C from Fidelity, GV, and others, and claims to have tripled its valuation  —  Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday it raised $154 million and tripled its valuation … Lees verder op Tech Meme

Rohan Goswami / CNBC: CrowdStrike reports Q1 revenue up 42% YoY to $692.6M, vs. $676.4M est., and ARR up 42% YoY to $2.73B, slower than the 61% growth in Q1 2023; CRWD drops 10%+  —  – CrowdStrike reported first quarter results for its fiscal 2024 year on Wednesday, at a time when China-related cybersecurity concerns have mounted. Lees verder op Tech Meme

Jordan Novet / CNBC: Salesforce reports Q1 revenue up 11% YoY to $8.25B, vs. $8.18B est., capital expenditures up 36% YoY to $243M, vs. $205M est., and raises Q2 guidance above est.  —  – Salesforce surpassed estimates across the board and raised its full-year earnings guidance. Lees verder op Tech Meme

Leah Nylen / Bloomberg: Meta asks a US federal court to block the FTC’s attempt on May 3 to change the 2020’s $5B privacy settlement, which the FTC alleges the company has violated  —  Meta Platforms Inc. is asking a federal court to bar the Federal Trade Commission from moving forward with an agency proceeding to revise its 2020 privacy settlement. Lees verder op Tech Meme

Eleanor Hawkins / Axios: Google’s head of communications and public affairs, Corey duBrowa, will leave the company in June 2023 to serve as the CEO of global PR firm Burson Cohn & Wolfe  —  Corey duBrowa will depart Google and parent company Alphabet in June to serve as CEO of global public relations firm Burson Cohn & Wolfe (BCW), Axios has learned. Lees verder op Tech Meme

Leah Nylen / Bloomberg: Meta asks a US court to block FTC’s attempt to impose new sanctions for alleged violation of a 2020 settlement  —  Meta Platforms Inc. is asking a federal court to bar the Federal Trade Commission from moving forward with an agency proceeding to revise its 2020 privacy settlement. Lees verder op Tech Meme

Eleanor Hawkins / Axios: Google’s head of communications and public affairs Corey duBrowa will leave the company to serve as CEO of public relations firm Burson Cohn & Wolfe  —  Corey duBrowa will depart Google and parent company Alphabet in June to serve as CEO of global public relations firm Burson Cohn & Wolfe (BCW), Axios has learned. Lees verder op Tech Meme