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Anthropic pledges 5% of its shares to a new public benefit fund

Anthropic will place 5% of its equity in a new wholly owned Anthropic Public Benefit Fund, pending stockholder approval. The board can add 2% for each 50% rise in value over a set baseline. The fund cannot be used for lobbying or political giving.

Intuit agrees to buy revenue management startup Sequence

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.

Proofpoint agrees to buy Varonis for $6.3B in cash

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.