Cloud Security firm Netskope valued at $7.5 billion, raises $300M in latest funding round

In a statement cloud security firm Netskope said, it was valued at $7.5 billion in its latest funding round led by existing investor ICONIQ Growth, wherein it raised $300 million. Other large existing investors of the company, including Accel, Lightspeed Venture Partners, Base Partners, Sequoia Capital Global Equities, Geodesic Capital, and Sapphire Ventures also participated…

Digital shift helped WPP plot path to recovery from pandemic-woes

WPP, the world’s biggest advertising company said, it would immediately relaunch its buyback scheme. The development comes in the wake of its efforts to help clients shift online to get through the worst of the pandemic. The company took a major hit in early 2020 because of the coronavirus-induced COVID-19 pandemic which triggered its clients…

Israeli cybersecurity startup Axonius raises $100M in latest funding round, valuing it at $1.2 billion

In a statement cybersecurity startup Axonius said, it has raised $100 million through a private funding round which was led by New York-based growth equity firm Stripes; the funding round valued the startup at $1.2 billion. The funding round, which came less than a year after Axonius’ last raise saw the startup’s total funding touch…

Cloud security startup SentinelOne’s valuation touches $3 billion in latest funding round

In an interview, Tomer Weingarten, the CEO of SentinelOne said, the startup has raised $267 million from venture capital backers including Sequoia and Tiger Global, and saw its valuation jump to more than $3 billion – nearly three times its valuation in February 2020. The startup uses artificial intelligence technology to protect mobile phones and…

Spotify drags Apple to court over abuse of its in-app purchase system

Apple’s unfair business practices had led Spotify to lodge a complaint with the EU’s antitrust regulators. In a potentially significant development, Spotify has filed a complaint with the European Commission against Apple saying Cupertino unfair business practices limits rivals to its own Apple Music streaming service. According to Spotify’s complaint, “Apple’s control of its App…

Renault offers trade-in for its German clients

Owners of Renault’s disel vehicles which meet the Euro-5 or older emission standards are eligible to receive credits for trade-in for newer, and cleaner models. On Tuesday, France’s Renault has become the first foreign company to play a positive role in Germany’s anti-pollution efforts. Renault stated, it has begun offering German-owners of its older diesel…

Prudential and Babylon launches healthcare platform for Asian clients

While the platform will allow existing customers to monitor and better manage their health so as to avoid, if not prevent, an onslaught of a disease, its preventive measures is also likely to lure in customers who want to better manage their current and future health requirements. On Thursday, global insurer Prudential announced a strategic…