Snap had its best quarter in four years

If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]

Raylo nabs $11.5M to get more mobile users to lease and reuse

UK-based smartphone subscription startup Raylo has tucked $11.5 million in Series A funding into its top pocket, led by Octopus Ventures. The equity round follows a debt raise last year — and brings Raylo’s total raised since being founded back in 2019 to $40M (in equity and debt). Its roster of investors to date also […]

Facebook is testing a Twitter-like ‘threads’ feature on some public figures’ pages

Get your spool-of-yarn emojis ready — threads might be coming to Facebook soon. Facebook has been spotted testing a new feature that gives public figures on Facebook the ability to create a new post that’s connected to a previous one on a related subject. This feature ties the posts together more visually so fans can […]

Microsoft says a third of its government data requests have secrecy orders

Microsoft’s customer security chief says as many as one-third of all government demands that the company receives for customer data are issued with secrecy clauses that prevents it from disclosing the search to the subject of the warrant. The figure was disclosed in testimony by Microsoft’s Tom Burt ahead of a House Judiciary Committee on […]

Noname Security closes $60M Series B to eliminate API flaws

Enterprise API security startup Noname Security has raised a $60 million Series B funding round, just six months after closing $25 million at Series A.  The round was led by Insight Partners with Next47, Forgepoint, and The Syndicate Group (TSG) also participating, and brings Noname’s total funding to $85 million since emerging from stealth in […]

Edge Delta raises $15M Series A to take on Splunk

Seattle-based Edge Delta, a startup that is building a modern distributed monitoring stack that is competing directly with industry heavyweights like Splunk, New Relic and Datadog, today announced that it has raised a $15 million Series A funding round led by Menlo Ventures and Tim Tully, the former CTO of Splunk. Previous investors MaC Venture […]

Psychedelic VR meditation startup Tripp raises $11 million Series A

As an increasing number of startups sell investors on mobile apps that help consumers prioritize well-being and mindfulness, other startups are looking for a more immersive take that allows users to fully disconnect from the world around them. Tripp has been building immersive relaxation exercises that seek to blend some of the experiences users may […]

Spotify acquires Podz, a podcast discovery platform

Podcasts are all the rage, but podcast discovery is a challenge. Today, Spotify announced its acquisition of Podz, a startup that’s trying to solve the problem of podcast discovery. “At Spotify, we are investing to build and scale the world’s best (and most personalized) podcast discovery experience,” the company said. “We believe that Podz’ technology […]

Anduril raises $450M as the defense tech company’s valuation soars to $4.6B

The AI-powered defense company founded by tech iconoclast Palmer Luckey has landed a $450 million round of investment that values the startup at $4.6 billion just four years in. In April, reports suggested that the company was on the hunt for fresh investment and headed for a valuation between four and five billion, up from […]