Snyk scores another $196M as valuation drops 12% to $7.4B

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Snyk hasn’t been afraid to take money over the years, scoring an ever larger investment haul with each passing round, and with each one has come a correspondingly large valuation increase. This time, that particular streak ended, but Snyk snagged another $196.5 million investment with its valuation down about 12% to $7.4 billiion since its … Read more

The best deals under $25 that make great gifts

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Skullcandy’s Jib True may not be the best wireless earbuds you can buy, but they’re hard to beat as a stocking stuffer. | Photo by Chris Welch / The Verge Once December gets going, it starts to feel like time quickly accelerates, and before you know it, your remaining holiday gift shopping starts bumping up … Read more

Meta unplugs Connectivity division, home of satellite and drone internet experiments

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Meta has quietly re-absorbed the resources of its “Connectivity” division, the company confirmed. For nearly 10 years this was the home of the former Facebook’s experimental internet and telecoms efforts, from satellites (exploded) to drones (crashed) to apps (disputed) and other more traditional infrastructure (appreciated and ongoing). As first noted by Light Reading, Meta Connectivity’s … Read more

All signs point to IT spending rising in 2023

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You don’t need to be a genius to see that we are in a period of great economic uncertainty. For startups, however, a key predictor of future results is the direction of IT spending, something that we can track. When companies are spending money on tech, the reasoning goes, both established and younger companies should … Read more

AI art apps are cluttering the App Store’s Top Charts following Lensa AI’s success

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Lensa’s AI popularity has had a notable impact on the App Store’s Top Charts. The popular photo and video editing app recently went viral over its new “magic avatars” feature, powered by the open source Stable Diffusion model, allowing users to turn their selfies into styled portraits of themselves as sci-fi, anime, or fantasy characters, … Read more

HR platform Sequoia says hackers accessed customer SSNs and COVID-19 data

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Benefits and payroll management company Sequoia says hackers accessed sensitive customer information, including their Social Security numbers and COVID-19 test results. According to Wired, which first broke the news of Sequoia’s breach last week, the incident impacted customers of Sequoia One, a professional employer organization (or PEO) that provides outsourced human resources and payroll services. … Read more

The Birth of the (Network) Nations

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Balaji Srinivasan says modern states are geographically concentrated but ideologically un-aligned. So what about states where online communities are in lockstep but geographically dispersed? That’s the idea behind his new book, one of the big crypto-themed ideas of the last year.