SwiftConnect, which lets employees use their phones to access the office, raises $17M

The widespread adoption of flexible work has increased the challenge of managing access to physical, commercial buildings, given the dynamic nature of hybrid workspaces. With today’s staffers coming and going to the office on unpredictable timetables, it can be tough to keep track of which have access to rooms and office resources. In a recent … Read more

US charges Ukrainian national over alleged role in Raccoon Infostealer malware operation

U.S. officials have charged a Ukrainian national over his alleged role in the Raccoon Infostealer malware-as-a-service operation that infected millions of computers worldwide. Mark Sokolovsky — also known online as “raccoonstealer,” according to an indictment unsealed on Tuesday — is currently being held in the Netherlands while waiting to be extradited to the United States. … Read more

Valence Security raises fresh capital to secure the SaaS app supply chain

Valence Security, a company securing business app infrastructure, today announced that it raised $25 million in a Series A round led by M12, Microsoft’s corporate venture arm, with participation from YL Ventures, Porsche Ventures, Akamai Technologies, Alumni Ventures and former Symantec CEO Michael Fey. The new capital brings the company’s total raised to $32 million, … Read more

UK watchdog warns against AI for emotional analysis, dubs ‘immature’ biometrics a bias risk

The UK’s privacy watchdog has warned against use of so-called “emotion analysis” technologies for anything more serious than kids’ party games, saying there’s a discrimination risk attached to applying “immature” biometric tech that makes pseudoscientific claims about being able to recognize people’s emotions using AI to interpret biometric data inputs. Such AI systems ‘function’, if … Read more

Trigo raises $100M to expand its Amazon-style cashier-free store technology

Amazon has become the pacemaker in commerce, and today a startup that’s been building technology to help retailers keep up with it in the world of physical stores is announcing some funding to expand its business. Trigo, an Israeli startup that builds technology for stores to operate cashier-free, “just walk out” experiences similar to those … Read more