TechTaffy

tech:

taffy

Socure acquires Berbix for $70M

By TechTaffy Desk

Socure, a digital identity verification solutions provider, has announced its acquisition of San Francisco-based startup Berbix, a developer of an advanced document verification solution. The deal is valued at approximately $70 million and marks Socure’s first acquisition.

Eric Levine, Berbix CEO and co-founder, will join Socure as senior vice president and head of DocV Product Management.

Berbix has developed a forensics engine with patent-pending technology capable of detecting even AI-generated fake IDs. The integration of this technology into Socure’s offerings is now complete, says Socure.

Following the acquisition, Socure has launched its Predictive Document Verification (DocV) 3.0 solution. 

[Image courtesy: Socure]

Just in

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.
Around the web

Net neutrality is back: U.S. promises fast, safe and reliable internet for all — NPR

Consumers can look forward to faster, safer and more reliable internet connections under the promises of newly reinstated government regulations, writes Emma Bowman of NPR.
AI

AI is ‘a new kind of digital species,’ Microsoft AI chief says — Quartz

Mustafa Suleyman, chief executive of Microsoft AI, said during a talk at TED 2024 that AI is the newest wave of creation since the start of life on Earth, and that “we are in the fastest and most consequential wave ever,” writes Britney Nguyen in Quartz.
Around the web

It’s baaack! Microsoft and IBM open source MS-DOS 4.0 — ZDNet

Microsoft and IBM have joined forces to open-source the 1988 operating system MS-DOS 4.0 under the MIT License, writes Steven Vaughan-Nichols.