Cybersecurity startup Jask raises $25 million
Jask, San Francisco-based cybersecurity startup with a growing presence in Austin, has raised $25 million for expansion.
The lead investor in the deal was Silicon Valley venture firm Kleiner Perkins, with participation from early investors including Battery Ventures and Dell Technologies Capital.
The new infusion brings the total raised by Jask to $39 million.
Founded in 2015, Jask develops software that helps security analysts do their job by using artificial intelligence and machine learning to monitor the network.
"Over the past 20 years, the challenge of sifting through the deluge of alerts has been like finding the needle in the haystack," Greg Martin, Jask CEO, said in a statement. "Security Operations Center teams now deal with a stack of needles and we need to find the sharpest one. Technology can no longer hinder them, but rather support their workflows and improve their efficiency."
The company opened an Austin office last year, saying it was drawn by the tech talent pool and lower cost of living than the San Francisco Bay area.
When Jask moved to new offices in the Domain in April, the company declared Austin its second headquarters.
A number of executive team members are based in Austin including chief technology officer J.J. Guy.
Guy was a founding team member of cybersecurity firm Carbon Black and is a veteran of the U.S. intelligence community.
The company's software platform helps identify and triage attacks on the network -- work that is often done by people now.
"Just using humans to investigate these attacks is a really inefficient use of our brain power," Martin told the American-Statesman last year. "We could be doing higher-level things like patching and securing our network rather than being stuck chasing after every bad email that gets sent."
The company currently has 50 employees here and is plans to double that by the end of the year. It’s currently hiring in areas including engineering, sales and marketing.
Meanwhile, in another AI related deal, Austin-based Cerebri AI said it has raised $5 million in a funding round led by M12 (formerly Microsoft Ventures) with participation from the University of Texas Horizon Fund, WorldQuant Ventures and Leawood Venture Capital.
Cerebri AI uses AI and machine learning to help large companies measure customer success. The company said its customers include several Fortune 500 companies including three of the top global automakers. It did not name the customers.
Amazon to acquire online pharmacy in a deal that could disrupt the U.S. drugstore business
Amazon is acquiring online pharmacy PillPack in a deal that could shake up the drugstore industry, according to CNBC.
Terms of the deal were not disclosed. The companies expect the deal to close during the second half of the year.
The deal is the strongest indication yet of Amazon's intent to move further into the health-care industry, and threatens to remove one of the few distinguishing factors pharmacy chains have relied on to fend off the e-commerce giant.
Retailers like Walgreens Boots Alliance, CVS Health and Rite Aid have seen their so-called "front of store" sales threatened as shoppers increasingly buy household staples online or from convenience stores.
Apple and Samsung settle seven-year-long patent fight over copying the iPhone
The biggest patent battle of the modern technology world has finally come to an end after seven years, Bloomberg is reporting.
Apple Inc. and Samsung Electronics Co. told a judge Wednesday they’d resolved the first filed but last remaining of the legal disputes that once spanned four continents. The string of lawsuits started in 2011 after Steve Jobs, Apple’s co-founder who died that year, threatened to go “thermonuclear” on rivals that used the Android operating system.
Apple accused Samsung of “slavishly” copying the iPhone design, while a Samsung lawyer once called Apple a “jihadist.” The ensuing litigation cost each company hundreds of millions of dollars in legal fees, and tested their reputations as innovators.
The companies didn’t disclose the terms of the accord, Bloomberg says.
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