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HR Tech Startup Rippling has raised a $450 million Series G round at a valuation of $16.8 billion, the company confirmed to TechCrunch. It also implements a $200 million tender offer to provide some liquidity to current and former employees. Equity shows a big jump in ratings from a year ago. In April 2024, Rippling raised a $200 million Series F round led by Coatue, making a $590 million tender offer, valued at $13.4 billion as it made $200 million available to employees. (The other $390 million was available to seeds and other investors.) The latest funding reported by Bloomberg…
The new head of the US Federal Emergency Management Agency (FEMA) warns his staff that they will not tolerate resistance to President Donald Trump’s agenda. Friday was the first day of David Richardson’s leadership at FEMA after the agency took the helm earlier this week. However, he began his tenure as head after a harsh warning to the agency. “Me and I will be alone at FEMA and talk about FEMA. I am here to carry out the President’s intentions against FEMA,” he reportedly reported. He predicted that 20% of his staff would oppose Trump’s vision for FEMA, which he…
Tensions have been higher between India and Pakistan than in decades as the two countries condemned drone attacks on each other’s territories over the past few days. At the heart of the conflict, India claims that what it claims is Pakistan’s support for an armed separatist group operating in Kashmir, a disputed area between the two countries. An armed group called The Resistance Front (TRF) claimed responsibility for the Pahargam attack in India-controlled Kashmir last month, which killed 26 people. India claims that the TRF is a derivative of another Pakistan-based armed group, Rashkar e Tayba (let), and has denounced…
Joint law enforcement operations carried out by Dutch and US authorities have dismantled a crime commission network with thousands of infected Internet (IoT) and terminal-of-life (EOL) devices, and introduced them into the botnets to provide anonymity to malicious actors. Domain attack, Russian citizen, Alexei Viktrovich Chartkov, 37, Kiril Vladimirovitch Morozov, 41, Alexander Alexandrovich Sishkin, 36, Dmitril Butosov, 38, Kazakstani citizen, have been charged to the US Attorney General (Proxy Service). DOJ noted that users paid monthly subscription fees ranging from $9.95 to $110 per month, and earned more than $46 million in threat actors by selling access to infected routers.…
The new head of the Catholic Church will be officially established as Pope at Mass on May 18th, the Vatican says.Pope Leo XIV celebrated his first Mass as a clergyman within 24 hours of his election, and he promised to make the Catholic Church a balm for the “dark night” of the world. Leo, 69, former Cardinal Robert Prevost and the first American Pope delivered Mass on Friday, surrounded by Cardinals in the Sistine Chapel in Vatican City. The new head of the Catholic Church was elected by fellow Cardinals on Thursday following the death of Pope Francis and became…
The North Korean threat actors behind the infectious interview campaign have been observed using an updated version of cross-platform malware called OtterCookies, which has the ability to steal credentials from web browsers and other files. Detailing the new findings, NTT Security Holdings said that attackers updated the malware “actively and continuously” and introduced versions V3 and V4 in February and April 2025, respectively. Japanese cybersecurity companies track clusters under the name Waterplum, also known as CL-STA-0240, DeceptedEvelopment, Dev#Popper, Famous Chollima, Purplebravo and tenacious Pungsan. OtterCookies were first documented last year by NTT after observing them in attacks since September 2024.…
Microsoft’s biggest event, Microsoft Build, is on the horizon. It is scheduled to start at the Seattle Convention Center on May 19th and runs until May 22nd. The keynote speech featuring Microsoft CEOs Satya Nadella and CTO Kevin Scott will be held on May 19th at 9:05am. It will then be followed by deep diving with executives Charles Ramanna (Business and Industry Deputy Operating CVP) and Scott Guthrie (Cloud and AI EVP) on May 20th. Both presentations are streamed live online for free. Regarding what we look forward to builds, especially keynotes, Microsoft will definitely talk about the Copilot family…
Google and nuclear developer Elementl Power announced this week that they will be working together on three advanced nuclear reactor sites. Tech companies are rushing to lock in energy sources as AI ambitions drive growth electricity demand in data centers. This year alone, Google plans to spend $75 billion in building data center capacity. With the new deal, Google is committed to adding at least 600 megawatts of generation capacity to each of the three sites. Elementl said the reactors will be connected to the grid “using a commercial off-take option.” This means that Google can purchase electricity directly. Elementl…
Two months after Northvolt, two of the former top executives filed for bankruptcy after being hailed as a European answer to Tesla, are in the spotlight with new bets on AI-powered manufacturing. According to Bloomberg, former CEO of the company Peter Carlson and Siddharth Khler, who led the AI initiative, have launched a new industrial software venture in Sweden. Still unknown and operating in stealth, the startup focuses on using machine learning to help factories streamline production, predict maintenance issues, and get smarter with improved quality control. “Two former executives at Northvolt AB, a bankrupt battery manufacturer, will launch a…
Five months after pleading guilty to a multi-billion-dollar fraud, Celsius founder Alex Masski was sentenced to 12 years in prison on Thursday for fraudulent investors. The Ukrainian-born Maskie was first arrested in 2023 after a federal investigation into the collapse of his crypto lending startup. On Thursday, the former CEO of the bankrupt crypto lending platform was standing before District Judge John Cortre in Manhattan. Prosecutors have been hoping for at least 20 years, misleading thousands of clients and calling it “just a punishment” for pocketing more than $48 million in the process. “Alex Massky, founder and former CEO of…