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Palo Alto Networks is in talks to acquire Clutch Security, a startup that secures AI agents’ access to company systems, for $500 million in cash plus additional milestone-based payouts, according to a person familiar with the discussions. Three-year-old Clutch was last valued at $85 million when it raised a $20 million Series A round in…
Whether AI is already replacing jobs is the subject of fierce debate. Tech layoffs hit their highest single month total in years in May, and AI was the most-cited reason, according to outplacement firm Challenger, Gray & Christmas. Software engineering, in theory, is the professional field most vulnerable to automation, given the rapid adoption of AI-powered coding…
Selling software to companies is such a time-consuming process. Even after customers are convinced a product is right for their organization, they still need to ensure the software meets all their security requirements. Chas Ballew realized just how painfully slow and tedious the vendor security and compliance review process was when he was running Aptible,…
Horizon3.ai, a cybersecurity startup that provides tools like autonomous penetration testing, is seeking to raise $100 million in a new funding round and has locked down at least $73 million, the company revealed in an SEC filing this week. NEA led the round, according to two people familiar with the deal. One person said that…
If and when AI will start replacing human labor has been the subject of numerous debates. While it’s still hard to say with certainty if AI is beginning to take over roles previously done by humans, a recent survey from the World Economic Forum found that 40% of employers intend to cut staff where AI…
Affiniti founders Aaron Bai, 20, and Sahil Phadnis, 22, are building the kind of expense management software for main street small businesses that tech startups have enjoyed for years. Their growth has been so impressive that six months after raising an $11 million seed round, they raised a $17 million Series A, led by Signal…
When you really probe venture capitalists about investing in AI startups, they’ll tell you that businesses are experimenting wildly but are very slow to add AI solutions into their ongoing business processes. But there are some exceptions. And one of them appears to be an area known as AI sales development representatives, or AI SDRs….