Okta, which sells “identity management” software that companies use to let employees log into business apps and keep credentials secure, is making the biggest acquisition in its 12-year history, plunking down $6.5 billion in stock to buy Auth0, a startup that develops similar software. The deal, which amounts to about 20% of Okta’s market capitalization, reflects the growing importance of...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI

Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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