Duncan Riley
Latest from Duncan Riley
Legendary designer Jony Ive to leave Apple after nearly 30 years
Apple Inc.’s Chief Design Officer Jony Ive is leaving the company after nearly 30 years to start a new design firm — with Apple as its first customer. Ive first joined Apple in 1992 and in that time designed some of the company’s most iconic products, including the iPod, the iMac, the iPhone, the iPad ...
Cryptocurrency exchanges crash as bitcoin breaks through $13,000
The price of bitcoin continued to surge Wednesday, breaking through $13,000 and hitting levels last seen in January 2018. For better or worse, many observers are calling the rise a rerun of 2017. Bitcoin’s precipitous price rise started in March when bitcoin surged through $4,000 after trading in the mid-$3,000 range since December. As recently as a week ...
Cloud email cybersecurity startup GreatHorn raises $13M
Cloud email cybersecurity startup GreatHorn Inc. today said it has raised $13 million in new funding to expand its existing services in email security. The Series A-1 round was co-led by RRE Ventures and .406 Ventures and included Techstars Ventures, V1.VC and Uncork Capital. Including the new funding, GreatHorn has raised $21.8 million to date. Founded in 2015, ...
Report: Chinese group hacked major computer services firms
The APT10 group, a hacking group alleged to work on behalf of the Chinese Ministry of State Security’s Tianjin State Security Bureau, is believed to be behind the hacking of some of the world’s biggest computer services firms, according to an exclusive report from Reuters. APT10, which was in the news only yesterday after it was revealed ...
In a disturbing trend, another Florida city votes for ransomware payment
“Florida man” has become such a popular meme that it has a Wikipedia page, but it may have a new contender in the form of “Florida city” after yet another one has decided to pay hackers following a ransomware attack. Following in the footstep of Riviera Beach June 20, Lake City council voted Monday to ...
Israeli software security startup Vulcan Cyber raises $10M
Israeli software security startup Vulcan Cyber Ltd. said today it has raised $10 million in new funding to expand commercial operations in North America and grow development and support capabilities. The Series A round was led by Ten Eleven Ventures and included YL Ventures, which led a seed round of funding into the company in May 2018. ...
Cryptocurrency exchange Kraken raises $13.5M in BnkToTheFuture campaign
San Francisco-based cryptocurrency exchange Kraken said today it has raised $13.5 million in new funding via crypto investment service BnkToTheFuture. Kraken, formally known as Payward Inc., plans to use the money to make new acquisitions and expand existing business operations. The fundraising was supported by 2,263 individual investors who invested into Kraken via a “special purpose vehicle.” Under the arrangement, ...
Data stolen from global telcos in suspected Chinese hacking campaign
Hackers believed to be linked to the Chinese government have broken into the systems of more than a dozen global telecommunications carrierss and stolen huge amounts of data over a period going back at least seven years, according to a new report today from security researchers at Cybereason. The hacking campaign, dubbed Operation Soft Cell, targeted ...
Self-driving car consolidation: Apple buys Drive.ai, Uber snaps up Mighty AI
Consolidation in autonomous vehicle technology is accelerating. Apple Inc. today acquired self-driving technology startup Drive.ai, while Uber Technologies Inc. said it has acquired Mighty AI Inc., a provider of training data that assists computer vision technology in autonomous vehicles. The news that Apple Inc. has acquired Drive.ai came via Axios, which claimed confirmation from Apple directly. The ...
Auditor finds QuadrigaCX cryptocurrency exchange CEO stole $190M
The tale of failed Canadian cryptocurrency exchange QuadrigaCX is coming to a close as the company’s bankruptcy trustee found today that its allegedly late founder stole the missing $190 million. At its peak, QuadrigaCX was Canada’s largest cryptocurrency exchange before it shut down under suspicious circumstances in late January. Cryptocurrency exchanges either going out of business ...