Tag Archives: Raises

(Reuters) – Web hosting company Rackspace Hosting Inc reported a 11 percent rise in quarterly revenue and raised its share buyback programme to up to $1 billion (641 million pounds), sending its shares up 5.4 percent in extended trading on Monday. The company said the buyback is in addition to the $200 million it had already bought back. The company announced a $500 million buyback programme in November. Rackspace, which leases online storage space to companies and provides its clients management and support services, also said it expects third-quarter revenue to rise 2 percent to 3.5 percent on a constant currency basis. The company is facing tough price competition from Amazon.com Inc , Google Inc and Microsoft Corp for cloud services that includes online storage, processing power…

BotGuard, a Tallinn, Estonia-based cybersecurity software company, raised €12M in Series A funding.

The round was led by MMC Ventures. Existing investors Tera Ventures and Expeditions Fund also participated in the round, alongside prominent angel investors including Stefan Lindeberg.

The company intends to use the funds to further develop its technology, recruit tech development talent, and expand its sales and marketing teams as it continues to scale globally. 

Founded in 2019 by Nik Rozenberg, CEO, and Denis Prochko, CTO, BotGuard is a global web traffic management company that enables businesses to manage good, bad, and neutral web traffic. Its proprietary technology selectively blocks negative traffic (malicious bots) and neutral traffic – which would…

The developer-focused customer identity and access management platform FusionAuth said today it has closed a bumper $65 million investment from Updata Partners.

The round marks the first time FusionAuth, officially known as Inversoft Inc., has raised capital externally. The company said it will use the funds to scale its go-to-market teams and accelerate product development.

FusionAuth aims to help developers solve questions around user security without distracting them from building their primary application. To do this, it has created a customer identity and access management platform that gives developers an easier way to authenticate, authorize and manage user access to their apps. Administrators can assign roles to team members and secure logins using single sign-on…

A FORMER GB News host who has set up a crowdfunding page to “keep a roof over his head” is enjoying a holiday at Disney World in the US. 

Calvin Robinson was fired from the conspiracy-laden broadcaster last week after stepping into a row over misogynistic comments made by Laurence Fox.

Fox – appearing on the Dan Wootton Show – had called journalist Ava Evans a “little woman” and asked: “Who would want to shag that?”

Wootton, Fox, and then Robinson were suspended amid the outrage. Fox and Robinson were both fired soon after – while an internal probe into Wootton is ongoing.

READ MORE: GB News ‘afraid money will run out’ as…

Rocket.Chat, a Wilmington Del.-based startup that provides an open-source chat platform, raised US$ 10m in a Series A “bridge” funding round.

The round was led by Alexia Ventures, Endeavor Catalyst, Endeavor Scaleup Ventures, Bob Young (Founder of RedHat), NEA and Valor Capital Group, in addition to investors such as Greycroft, Monashees, DGF, and Graphene.

The company, which had already raised US$19m in February 2021, intends to use the funds for Research & Development and commercial expansion.

Founded in 2016 and led by Gabriel Engel, CEO, Rocket.Chat provides a Commercial Open Source Software (COSS) communications platform that allows for collaboration between colleagues, across organizations (through bridges, such as MS Teams or federated servers) and…