Cybersecurity startup Arctic Wolf Networks has raised $401 million in convertible debt from investors including Owl Rock Capital and Viking Global Investors, the company said on Thursday. The announcement confirmed the convertible deal first reported by The Information, and comes as lenders have been bombarding late-stage startups with pitches for loans that turn into equity once the...
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Amazon’s Anthropic Deal Signals Cloud Sector Turbulence
You know the cloud industry is in upheaval when industry leader Amazon Web Services has to copy a tactic used by its smaller rivals to compete more effectively. The Amazon unit’s decision on Monday to invest up to $4 billion in AI startup Anthropic, as part of a broader deal in which AWS becomes the startup’s “primary cloud provider,” looks a lot like the type of equity-for-business deals AWS...
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