IBM acquires GraphQL startup StepZen to step up its game in API management

GraphQL, developed internally at Facebook to help developers with API management before getting rolled out as an open source query language in 2015, has gained traction as an alternative (or complement) to REST and other tools. Airbnb, Pinterest, PayPal and of course Facebook parent Meta are among

UK regulator says Microsoft’s proposed $68.7B Activision merger could create ‘higher prices, fewer choices’

Seven months after the U.K.'s Competition and Markets Authority (CMA) confirmed it was launching an antitrust investigation into Microsoft’s $68.7 billion bid for video game giant Activision Blizzard, the regulator has provisionally concluded that the merger “could harm U.K. gamers&

Data observability platform Acceldata raises $50M

Acceldata, the company behind a data observability platform used by multinational enterprises, including Oracle and Verisk, today announced it has raised $50 million in a Series C round of funding. Founded in 2018, San Jose–based Acceldata is one of a growing number of companies setting out to he

Riot prepares your team against highly sophisticated cyberattacks

French startup Riot has raised a $12 million Series A round to iterate on its all-in-one cybersecurity awareness platform for businesses and their employees. The startup originally focused on fake phishing campaigns. It now also offers customized educational content that can help grow the cybersecu

Jobber fixes on $100M as its platform for home services pros hits 200K users

Jobber, a startup founded out of Canada that’s built a platform for home services professionals to book customers and manage all of their workload around those jobs, has raised another $100 million, equity funding that it will be using to build out more tools for its users after seeing their

Ushur, which aims to automate aspects of the customer experience, raises $50M

Automation tech continues to attract funding in an increasingly challenging macroeconomic environment. That’s because of its cash-saving potential, no doubt. In a recent survey by Zapier — not the most unbiased source, granted, given that the company sells automation software — ab

Cybersecurity teams, beware: The defender's dilemma is a lie

Practically every security professional has run across “the defender's dilemma” sometime in their career. It goes like this: “Defenders have to be right every time. Attackers only need to be right once.” The idea that attackers have all the advantages and that defenders must be passive

China’s globalizing startups could be a boon to US cloud giants

After quarters of rapid growth fueled by remote work, the cloud market is cooling down as businesses look for ways to curb cloud spending in post-COVID times and an uncertain economy. AWS saw its growth slide to the mid-teens in the first month of the new year; across the industry, the market slowe

Even as cloud infrastructure market growth slows, Microsoft continues to gain on Amazon

It was a rough quarter for the cloud infrastructure market as companies looked for ways to cut back on spending in an uncertain economy. When you combine that with the strong dollar and a weak Chinese market, the market slowed to 21% growth, a precipitous drop from the 36% growth we had seen the ye

Code-generating platform Magic challenges GitHub’s Copilot with $23M in VC backing

Magic, a startup developing a code-generating platform similar to GitHub’s Copilot, today announced that it raised $23 million in a Series A funding round led by Alphabet's CapitalG with participation from Elad Gil, Nat Friedman and Amplify Partners. So what’s its story? Magic’

More tech job market misery as Dell lays off 5% of worldwide workforce

Tech workers took another big hit today when Dell announced it was laying off 5% of its worldwide employees in the face of plunging PC sales and general economic uncertainty. That’s 6,650 people who will be out of work. Bloomberg data showed that the company peaked at 165,000 employees in Jan

Can 4 activist investors play nice in the Salesforce sandbox?

Salesforce finds itself in a rather unusual situation, with four activist investors operating inside the company at the same time: Elliott Management, Starboard Value, ValueAct and Inclusive Capital. Experts suggest that having so many activist investors in play at once at a major tech company like

Apple Pay gets the green light to launch its service in South Korea

A South Korean financial regulator said on Friday that the country had approved the Apple Pay launch to allow local credit card firms to introduce the Apple Pay service. The announcement comes nearly two months after South Korea’s Financial Supervisory Service (FSS) confirmed to technewss th

AWS says growth dropped to mid-teens to start new year as customer cost-cutting continues

Yesterday Amazon reported earnings, with AWS growing a modest 20% for the quarter over the prior year to $21 billion. But perhaps even more troubling, the company reported in the earnings call with analysts that growth dropped even further into the mid-teens for the first month of the new year, as