BenchSci raises $70 million to accelerate drug discovery using artificial intelligence

Toronto artificial intelligence startup BenchSci has raised C$95 million, or $70 million, in funding to help scientists discover new drugs faster. BenchSci, officially Scinapsis Analytics Inc., announced Series D round on Thursday. It detailed that Generation Investment Management was the lead investor. Returning backers iNovia Capital, TCV, Golden Ventures and F-Prime Capital also participated, bringing … Read more

Alteryx integrates generative AI to deliver advanced data analytics insights and workflows

Big Data Transfer Alteryx Inc. The company announced today that it has built a new artificial intelligence, machine learning and generative AI engine for the Alteryx Analytics Cloud platform to accelerate customer efficiency and productivity. At the Inspire 2023 annual user conference, the company unveiled Alteryx AiDIN as a new platform that combines the power … Read more

Nvidia chips fuel new supercomputing and quantum initiatives

Nvidia Corp. today detailed three initiatives in which researchers will use its chips to support scientific discoveries. In one initiative, the University of Bristol will deploy a supercomputer powered by Nvidia’s Grace CPU Superchip processors. The other two projects focus on quantum computing. The chipmaker detailed all three projects at the ISC 2023 conference in … Read more

As ‘code pollution’ grows, licensing becomes critical, says Grafana expert

Whenever there is an infection point in technological innovation, licensing dynamics emerge. With data becoming more open, licensing code needs to be simplified using a special method, such as a reference file, according to Richard Hartman (pictured), director of community at Raintank Inc. (dba Grafana Labs). “I like the concept of code contamination, because if … Read more

Founders of Kubernetes and Sigstore launch new software delivery company Stacklok

Kubernetes co-founder Craig McLuckie and Sigstore founder Luke Hinds today announced the launch of a new software delivery network company called Stacklok, after the company raised $17.5 million in venture capital funding ahead of its IPO. Stacklok posits that the power of open source security technologies is available to developers so they can secure software … Read more

Shopping startup Zip secures $100M funding round

Zip, a startup with a cloud-based shopping platform of the same name, today announced that secured $100 million in new financing. The Series C round included investments from Y Combinator, CRV and Tiger Global. Zip is valued at $1.5 billion. That’s more than a $1.2 billion startup got following a $43 million Series B round … Read more

Open source, artificial intelligence and security navigation. Open Source Summit Final Analysis

The open source communities and AI developers have been in increased collaboration in recent years. The dialogue between these two fields has expanded, promoting mutual understanding of each other’s fields. The open source community is not sitting on the sidelines. Industry experts are actively engaging and collaborating with AI-focused foundations. Developers, technologists and community leaders … Read more

YouTube, Waze, Zoom and other apps are coming to Android cars

Cars running Google LLC’s Android Automotive operating system will soon be able to access apps like YouTube, Waze and Zoom through their in-car infotainment systems. The first cars to have access to YouTube and other apps will be the latest models from Polestar Performance AB, the e-vehicle maker whose cars were among the first to … Read more

The new Cactus ransomware encrypts itself to avoid detection by security software

A new group of ransomware targeting vulnerabilities in virtual private network devices has been discovered with a unique twist. The ransomware discovered by security researchers at Kroll LLC, dubbed “Cactus,” is believed to have been first launched in March. Ransomware targets Fortinet Inc. Known Vulnerabilities in VPN Devices to Access Large Organizations Before Going to … Read more

Fortinet reports revenue and earnings beat driven by market share gains

Fortinet Inc. today reported a decline in revenue and earnings in its fiscal first quarter, driven by an increase in its share of the cybersecurity market. For the quarter ended March 31, Fortinet reported net income before expenses such as stock-based compensation of 34 cents per share, up 79% on an adjusted basis from the … Read more