Snowflake, which sells cloud-based data analytics software, announced a $479 million Series G funding round along with a new strategic partnership with Salesforce. The round makes Snowflake–which has now raised $1.4 billion since its founding in 2012–an illustrative example of how abundant VC money is inflating the size of late-stage funding rounds. The interest in Snowflake also...
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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
Zoom Adds OpenAI Productivity Features, Launches Digital Assistant
Ten Private Equity Firms Contacted Sumo Logic Before Buyout
Lyft CEO Steps Down, Likely to Spark Sale Speculation
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