Tech Meme

Bloomberg: Sources: Island, which makes secure browsers for businesses, is raising money at a $4.5B valuation in a round led by Coatue; it was valued at $3B in April 2024  —  Valuation jump shows VCs are still enthusiastic for cybersecurity deals.  —  Enterprise software and security startup Island Technology Inc … Lees verder op Tech Meme

Financial Times: Sources: Klarna is targeting an IPO in the US in April with a valuation of up to $15B and is preparing to unveil its listing plans as soon as next month  —  Valuation of up to $15bn would make it one of the biggest listings this year  —  Swedish fintech Klarna is targeting an IPO in the US … Lees verder op Tech Meme

Bloomberg: Sources: Anthropic’s funding round is oversubscribed and expected to raise $2B+, with Lightspeed set to invest ~$1B; Menlo, MGX, and others are in talks to join  —  – Oversubscribed deal is expected to raise more than $2 billion  — Lightspeed is set to contribute about $1 billion in backing Lees verder op Tech Meme

Punchbowl News: Sources: Trump has tasked JD Vance and National Security Adviser Michael Waltz with overseeing a potential sale of TikTok  —  Vance is in charge of “quarterbacking a deal to save TikTok,” according to a source familiar with the matter.  Waltz and the National Security Council are in charge … Lees verder op Tech Meme

CNBC: Sources: Anduril is in talks to raise up to $2.5B, led by Founders Fund with a $1B commitment, at a $28B valuation; Anduril’s revenue in 2024 doubled to ~$1B  —  WATCH NOW  —  Anduril, the defense-tech startup founded by Palmer Luckey, has signed a term sheet to raise capital at a $28 billion valuation … Lees verder op Tech Meme

Reuters: SolarWinds says it will go private in a $4.4B deal with buyout firm Turn/River Capital; SWI closes up 21.8%  —  SolarWinds (SWI.N) said on Friday it would go private in a $4.4 billion deal with buyout firm Turn/River Capital, the latest sign debt-funded deals were set to rebound this year as borrowing costs decline. Lees verder op Tech Meme

Louise Matsakis / Wired: Filing: Kash Patel, Trump’s nominee to head FBI, was allotted Shein shares of $1M to $5M in exchange for consulting services; he has no plans to divest them  —  Donald Trump’s pick for FBI director told senators he has no plans to divest his shares, which his financial disclosure form … Lees verder op Tech Meme

CNBC: Elon Musk says he will rehire a DOGE staffer who resigned following the exposure of his posts advocating for racism and eugenics, after Trump endorsed the idea  —  Elon Musk said Friday he will rehire a DOGE staffer who abruptly resigned following the exposure of his tweets advocating for racism and eugenics. Lees verder op Tech Meme

Reuters: SolarWinds says it will go private in a $4.4B deal with buyout firm Turn/River Capital; SWI jumps 20%+ after falling 35% in the past 12 months  —  SolarWinds (SWI.N) said on Friday it would go private in a $4.4 billion deal with buyout firm Turn/River Capital, the latest sign debt-funded deals … Lees verder op Tech Meme

Bloomberg: Edward Coristine, a 19-year-old member of DOGE, was fired from an internship at cybersecurity firm Path Network for allegedly sharing info with a competitor  —  Edward Coristine posted online that he had retained access to the firm’s servers.  Now he has access to sensitive government information. Lees verder op Tech Meme