Cloud security automation company HyTrust has raised $18.5 million in a Series C round from Intel Capital and Fortinet. Existing investors VMware, In-Q-Tel, Granite Ventures, Cisco, Trident Capital and Epic Ventures also participated in this round.
HyTrust Raises $18.5 Million Series C Funding
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AI
DHS establishes AI safety and security board
The Department of Homeland Security (DHS) has established an Artificial Intelligence Safety and Security Board (the board). The inaugural members include CEOs and executives from companies like OpenAI, Anthropic, Delta Air Lines, IBM, Nvidia, Microsoft, Adobe, Amazon Web Services, Advanced Micro Devices (AMD), and Cisco.
IT
Cloudflare acquires Baselime
Cloudflare has acquired Baselime, a cloud-native observability platform provider. Financial terms of the deal were not disclosed.
Fundings
Blaize raises $106M
El Dorado Hills, CA-based AI computing company Blaize has raised $106 million.
Fundings
Rivos raises $250M
Santa Clara, Calif.-based Rivos, a RISC-V accelerated platform company focusing on data analytics and Generative AI, has raised $250 million in its Series A-3 funding round
Industry
IBM, Canada, and Quebec invest $137M to strengthen semiconductor industry
IBM, the Government of Canada, and the Government of Quebec announced agreements to develop the assembly, testing and packaging capabilities for semiconductor modules at IBM Canada's plant in Bromont, Quebec.