Every acquisition, funding round and product launch that matters, in one five-minute email.
ConnectWise suspended its Cloud Backup service, formerly SkyKick, after attackers abused the app's Microsoft 365 identities to sign in to customer tenants, in what Microsoft called an active supply-chain attack on MSP customers.
Britain's Competition and Markets Authority provisionally found that Microsoft holds strategic market status across its business software ecosystem, which could lead to binding conduct rules on bundling and interoperability.
Data protection and cybersecurity vendor Acronis has appointed Prakash Panjwani CEO, effective immediately, succeeding Jan-Jaap Jager. Panjwani previously ran WatchGuard Technologies and SafeNet.
Corporate card and spend management company Ramp has raised $1.85B at a $60B valuation, four months after a $750M round at $44B. It says annualized revenue is above $2B and it has 85,000 customers.
North.cloud, which helps finance and engineering teams track and automate spending on cloud, AI and data infrastructure, raised a $60M Series B led by PeakSpan Capital.
Intuit will acquire Sequence, a Series A company whose AI agents automate quoting, billing, invoicing, collections and revenue recognition for B2B finance teams, to strengthen its mid-market offering. Terms were not disclosed.
Canadian enterprise AI company Cohere plans to buy Aisle, which uses AI agents to find and fix unknown software vulnerabilities, and form a new security unit called Cohere Cyber. Terms were not disclosed and the deal is not final.
Thoma Bravo-owned Proofpoint will acquire data security vendor Varonis for $49.75 a share in cash, about $6.3B in total, taking the Nasdaq-listed company private and adding data protection for AI use to Proofpoint's portfolio.
A GTCR-led group including Elliott will buy CCC Intelligent Solutions for $7.75 a share in cash, valuing the insurance and auto claims software maker at about $6.1B in enterprise value and removing it from Nasdaq.
Harmonic Security, whose software inspects how employees use AI tools across browsers, desktop apps and agent workflows, raised a $50M Series B led by Crosspoint Capital Partners.
AI training data and agent infrastructure company Labelbox raised over $100M in a Series E combining equity and a credit facility, to build out its reinforcement learning and managed agents products.
AI inference cloud provider Modal closed a $750M Series D led by Accel, valuing it at $15.75B. The company says its annualized run rate has passed $1B, a marker of fast-growing demand for AI compute services.