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Stock impact report

AI Security Startup Cyberhaven Raises $88 Million in New Funding [BNN Bloomberg (Canada)]

Nutanix, Inc. - Class A (NTNX) 
Last nutanix, inc. - class a earnings: 2/26 04:02 pm Check Earnings Report
Company Research Source: BNN Bloomberg
that companies benefitting from the AI boom can still pull in cash at big mark-ups to previous rounds. The financing comes at a time when many startups are struggling to raise cash. Last quarter, venture capitalists spent just $36.56 billion to fund 2,882 deals, about half as much cash as two years earlier, and completed about one quarter fewer transactions, according to PitchBook data. In Cyberhaven's case, the company taps into growing concerns around cybersecurity, exacerbated by AI-related threats. Companies want to know what data is being fed into AI models, and they want to know what kinds of information is leaving the organization more broadly—and stop it where appropriate. That could be a well-meaning employee trying to incorporate a service such as OpenAI Inc.'s Chat GPT into their workflow and carelessly giving it access to sensitive data— or an employee who deliberately extracts it. “It's not that I'm worried about a hacker,” said Howard Ting, chief executive officer Show less Read more
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