Many organizations fast-forwarded their digital transformations during the pandemic. Survival mode dictated faster progress.The advancements made included the financial services industry, where new digitization methods simplified consumer banking transactions. Consumers no longer need to go to the bank to deposit a check, and money can be sent out digitally within seconds.Wells Fargo & Co. is one of the financial companies leaning on automation to make banking quick and easy for its customers. Automation factors into the equation by allowing increased service flexibility and added service features, all leading to better customer satisfaction

Israeli application security startup Apiiro LLC today announced an impressive Series B round of $100 million, led by General Catalyst with participation by Greylock and Kleiner Perkins.The company, which was founded by former employees of Microsoft Corp. and has offices in New York and Tel Aviv, raised $35 million in funding in 2020 from Kleiner Perkins and Greylock. Today’s round shows significant trust at a time when investors are increasingly keeping a tight hold on their purse strings.Apiiro offers software to address security issues before developers release code to the cloud. That should ensure that vulnerable code is discovered before hackers have a chance to exploit it

Investors hammered Atlassian Corp. stock in after-hours trading after the Australian software company missed earnings forecasts and gave a lower outlook than had been expected by analysts.For its fiscal quarter ended Sept. 30, Atlassian reported net income of $92.5 million, or 36 cents per diluted share, down from $94.4 million, or 37 cents in the same quarter of last year. Revenue rose 31%, to $807.4 million. Analysts had been expecting earnings per share of 38 cents on revenue of $806.4 million.Atlassian added 6,550 new customers in the quarter, its 10th quarter of customer growth, bringing its total number of customers to 249,173

Application monitoring software firm Datadog Inc. delivered strong third-quarter financial results today, beating expectations on earnings and revenue, and offered solid guidance for the coming quarter too, but its stock barely moved.The company reported a net loss of $26 million for the quarter, with earnings before certain costs such as stock compensation coming to 23 cents per share. Revenue for the period rose by an impressive 61% from a year earlier to $436.5 million. The numbers came in comfortably ahead of Wall Street’s forecasts. Analysts were modeling earnings of just 15 cents per share on revenue of $412.2 million

Shares in content delivery network company Cloudflare Inc. plunged in late trading even though it beat all expected metrics in its latest earnings report as investors were reportedly spooked by figures suggesting moderating growth.For its third quarter that ended Sept. 30, Cloudflare reported a profit before costs such as stock compensation of $19.1 million, or six cents per share, up from $1.4 million or breakeven in the same quarter of 2021. Revenue in the quarter jumped 47%, to $253.9 million. Analysts had expected breakeven earnings per share on revenue of $250.63 million.Adjusted gross profit was $198.4 million or 78.1% gross margin, up from $136.6 million or 79

Shares of the cloud communications firm Twilio Inc. nosedived in extended trading today after it issued a soft earnings and revenue outlook for the coming quarter.The company did OK in the quarter just gone, reporting a third-quarter loss before certain costs such as stock compensation of 27 cents per share, ahead of Wall Street’s forecast of a 36-cent loss. Revenue for the period came to $983 million, beating the consensus estimate of $972.2 million. Overall, Twilio reported a net loss of $482.2 million, much bigger than the $224.1 million loss it delivered in the same period last year

Shares in Block Inc. surged in late trading after the payments company delivered a strong earnings beat in its latest quarterly report.For its fiscal third quarter, Block reported net income before costs such as stock compensation of 42 cents a share, up from 25 cents a share in the same quarter of last year. Revenue rose 18% from a year ago, to $4.52 billion. Analysts had been expecting earnings per share of 23 cents on revenue of $4.49 billion.Gross profit in the quarter rose 38%, to $157 billion, marking the fifth straight quarter of increasing profit

Dropbox Inc. delivered strong third-quarter financial results today, beating Wall Street’s forecasts on earnings and revenue and offering guidance above expectations.The file-sharing company reported earnings before certain costs such as stock compensation of 43 cents per share, with revenue coming to $591 million in the period, up 7.4% from a year earlier. Altogether, the company netted a profit of $83.2 million.The results were good, since Wall Street analysts were modeling lower earnings of just 37 cents per share on sales of $585.5 million. Dropbox’s share price stayed flat in after-hours trading

Shares in Coinbase Global Inc. rose slightly in late trading after the cryptocurrency exchange reported better-than-expected user numbers amid misses on its latest quarterly earnings and revenue.For its fiscal third quarter that ended Sept. 30, Coinbase reported a loss before costs such as stock compensation of $2.43 a share on revenue of $590 million. Analysts had expected an adjusted loss of $2.40 a share on revenue of $654 million.Monthly transacting users in the quarter came in at 8.5 million, down from 9 million in the previous quarter but up from 7.3 million in the third quarter of last year. Analysts had been expecting 7.84 million

The data revolution is not just about technology innovation, but also cultural and community transformation.Since a data citizen is anyone who uses data to do their job, enterprises have to cultivate a conducive data culture so that employees can hone their skills and competencies in this space, according to Stijn “Stan” Christiaens (pictured), co-founder and chief data citizen at Collibra NV, who believes that in today’s organizations, most employees will be data citizens

Cisco Systems Inc. held its annual Partner Summit this week in Las Vegas, bringing together thousands of global partners to exchange ideas and learn about the networking giant’s most recent innovations. Cisco has one of the largest and most diverse partner ecosystems in the information technology industry, with about 90% of the company’s revenue flowing through its partners from more than 150 countries.The event returned to an in-person format for the first time since 2019, which is crucial for this event. Some events are fine done virtually but partner relationships for all vendors, including Cisco, requires a high level of engagement and that can’t be simulated virtually

Worldwide sales of personal computers declined 15% year-over-year in the third quarter, research firm International Data Corp. has found.IDC detailed its findings in the latest edition of its Worldwide Quarterly Personal Computing Device Tracker, a quarterly market research report. Preliminary results from the report were published today.PC makers shipped 74.25 million computers in the third quarter, down 15% from 87.31 million computers a year ago, according to IDC. The sales drop follows a similar 15.3% year-over-year decline in the previous quarter. IDC today attributed the weakening sales primarily to a combination of “cooling demand and uneven supply” in the PC market

Endor Labs, a software management platform that helps developers deal with software code dependencies, launched out of stealth mode today with $25 million in seed funding to help enterprise developers secure open-source software supply chains.Code is fundamental to security. Often when a headline comes out about an exploit or a vulnerability, it’s a problem that arose from code that was taken advantage of by a hacker or a bot that allowed them access to an internal system.Not all vulnerabilities are caused by a developer adding a bug in a new piece of code

So much for good intentions: A new feature in Apple Inc.’s iPhone 14 calls 911 when users are on rollercoaster rides.Apple debuted a feature called Crash Detection in iPhone 14 models in September, a feature that uses a dual-core accelerometer and a high dynamic-range gyroscope to detect a severe car crash and automatically call emergency services when a user is knocked unconscious. The service also uses components such as the barometer, which can detect if an airbag had deployed, and the microphone, which can determine if loud noises also accompanied the sudden change in speed such as in a crash.The last “feature” is where Apple’s good intentions fail

There is real pressure to secure data across a business’ distributed cloud infrastructures.With a new norm for remote workforces, organizations must cope with the sudden vaporization of the traditional security perimeter and rising ransomware costs. Fifty percent of those affected by ransomware also lost data, according to a recent study by the International Data Corp., based on a survey of over 500 companies. This fast-evolving threat landscape is spawning targeted solutions with aims to modernize data protection.“Druva is solving some really hard problems with a modern data protection stack,” said Dave Vellante, co-founder of theCUBE and chief research officer at Wikibon

Founded during the pandemic, Wiz Inc. offers enterprises full-stack coverage and integrated cloud security services.The company leverages the Amazon Web Services Inc. Marketplace so that businesses can easily install their solution into their infrastructure.“Our ecosystem is built around the Marketplace motion,” explained Trish Cagilostro (pictured), head of worldwide alliances at Wiz and former AWS head of business development. “Coming from AWS and now being on the other side, I see a lot of the companies that I was working with; cloud was very much this thing that’s kind of in a silo and its own box, and it competes internally

The U.S. today introduced new rules that will restrict the sale of chips and chip production equipment to China.Some of the rules will go into effect today, Protocol reported. Others will be rolled out over the coming weeks.The first set of rules announced today focuses on limiting chip exports to China. A new foreign direct product rule will block companies from supplying customers in China with chips that are used for “advanced computing and artificial intelligence applications,” Protocol reported. The rule can reportedly apply not only to products from U.S. companies but also to chips that foreign firms produce using U.S. technology

The AWS Partner Network is a global community of partners, including independent software vendors, aiming to help organizations accelerate their cloud journeys.In January 2022, AWS rolled out its new Partner Paths program to enhance the entire process for ISVs, bringing a plethora of benefits that were previously unavailable on the original APN Partnership tiers, according to Jack Andersen (pictured, left), global vice president at DataBricks Inc. “Amazon’s mental model here is that they want the world’s best ISVs to operate on AWS so that we can collaborate and co-architect on behalf of customers … to work with Amazon on these really unique use cases,” Andersen said

Is the glass half full or half empty? Well, it depends on how you want to look at it.Chief information officers are tapping the brakes on spending, that’s clear. The latest macro survey from Enterprise Technology Research quantifies what we already know to be true, that information technology spend is decelerating. CIOs and IT buyers forecast that their tech spend will grow by 5.5% this year, a meaningful deceleration from their year-end 2021 expectations. But these levels are still well above historical norms – so while the feel good factor may be in some jeopardy, overall things are pretty good – at least for now

With application programming interfaces, two separate applications can securely and efficiently communicate with each other, requiring developers to implement API gateways that enable them to maintain, build and monitor APIs regardless of scale.Five years ago, Kong Inc. developed an open-source and cloud-native API gateway that quickly became the most adopted API gateway available, able to be easily procured on the Amazon Web Services Marketplace, according to Kristian Gyorkos (pictured), vice president of alliances at Kong.“We have one of the most popular open-source projects in the API gateway area,” Gyorkos said. “Even more important is just the scale at which the product’s been used

President Joe Biden today signed an executive order that directs the U.S. government to implement a data privacy agreement signed with the European Union earlier this year.Many tech companies store the information of EU users in U.S.-based data centers. Until a few years ago, the practice of moving EU users’ information to stateside data centers was governed by an agreement known as the Privacy Shield. In 2020, the EU’s top court struck down Privacy Shield over concerns about U.S. surveillance.The U.S. and the EU in March announced a new agreement, the European Union-U.S. Data Privacy Framework, that is designed to replace Privacy Shield