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Archivo del Autor: Belen De Leon

Now 5 Years Old, the Hyperloop Industry Keeps on Whooshing On

The oldest hyperloop company is now five years old, and we still don’t have hyperloop—but these loop dreamers aren’t giving up.
Source: Wired

Security startup Tanium raises another $200M at a $6.5B valuation, less than 5 months after it raised $175M

Security continues to remain top of mind for organizations and consumers, as each day seems to bring another high-profile network breach. One of the faster-growing startups in the space is capitalising on that by raising some significant funding to fuel its growth. Tanium today said that it has raised another $200 million in funding with a post-money valuation of $6.5 billion. The funding was led by Wellington Management, with Baillie Gifford & Company and Adage Capital Management LP also participating.

The money is notable not just for the size and valuation, but for the timing: it comes less than five months since the company closed its last round, $175 million at a $5 billion valuation. The company has now raised just under $683 million in total with other investors including Andreessen Horowitz, Citi Ventures, Franklin Templeton Investments, and Geodesic Capital.

Fazal Merchant, the COO and CFO of the company, said in an interview that the proximity in part was because of the fact that money is coming in fast right now for the fastest-moving startups, but it’s also because the impetus behind the funding is a little different.

“The last round was largely an inside round,” he said of the May 2018 deal, which came entirely from previous investor TPG. He described this latest investment as “deliberate” and focused instead on new outside investors. “We have friends and family who have been investors for a long time and this gives them liquidity.”

What Tanium doesn’t need, he said, was the funding to extend its runway. The company announced at the end of 2017 that it had turned profitable and while it’s not commenting directly on that today, Merchant said that the company has stayed cash-flow positive. “We have grown Tanium with the belief that profitability and cash flow are not an afterthought,” he said.

The company says that in 2018 (fiscal year end 2017), it had $320 million in cash and equivalents, and positive operating cash flow of $25 million, with billings growing to more than $270 million, and ARR of approximately $230 million, up over 80 percent from the prior year. Net renewal rates — a big metric for enterprise SaaS businesses — was over 150 percent, it said.

Large organizations tend to run their security services on two tracks: one sets and tracks compliance with security policies, while another runs operations across the network to detect potential breaches or other behavior that might occur outside that policy framework, tapping into the fact that the growth of mobile has led to a huge proliferation of new devices that are touching an organization’s network. Tanium up to now has built its business by effectively offering services across both tracks, and by building services in-house, and positioning itself as a platform, versus a single-purpose security offering.

Merchant said that going forward that will continue to be the case: “Acquisitions are often made when a company’s organic growth starts to plateau, but that hasn’t been a constraint for us yet,” he said. The company has definitely looked at options — there has been a lot of fragmentation, and consolidation, in the wider security space, and that has doubtless affected Tanium both as a potential buyer and acquisition target — but to date it has not made a single acquisition.

“Tanium is an extraordinary platform, providing IT security and management at scale for some of the world’s most successful companies,” said Peter Singlehurst, head of the unlisted equities team at Baillie Gifford, in a statement. “As long-term investors, we look forward to supporting Tanium’s management team over the coming years as it continues to build a world-class technology business.”

The news today — and Tanium’s run this year — potentially puts to bed another bumpy part in the company’s story. In 2017, the company was singled out as “troubled” due to the fact that it saw a huge wave of departures among its executive team, including seeing its CTO swap out in place of the CEO (his brother) to run the business.

“We introduced our technology to the world five years ago, and in that time, we have grown to be over 800 team members strong and helped hundreds of the world’s largest enterprises — including over half of the Fortune 100 — achieve stronger business resilience,” said the current Tanium CEO, co-founder Orion Hindawi, in a statement. “We are thrilled to have such a strong set of investors support the Tanium vision of transforming the way industry-leading companies are able to manage and secure their networks against ever-advancing technology-based disruptions.”

 


Source: TechCrunch

Updated Porsche Macan makes debut in Paris – Roadshow

Porsche’s smaller SUV has been updated inside and out.
Source: CNET

The Porsche Macan gets an updated look in Paris – Roadshow

Porsche’s smallest SUV has been refreshed with new taillights and a new infotainment system.
Source: CNET

Apple adds student ID cards into Apple Wallet to access buildings, buy food and more

The education market has long been one of the cornerstones of growth for Apple’s hardware business, and today the company is leveraging its popularity in it, specifically among college-aged students, to build out a newer effort. Today, Apple started to integrate university student ID cards — used to access buildings, pay for food or books, and any other transactional campus services — into Wallet, its contactless payment system on the Apple Watch and the iPhone. The first schools to come online are Duke University, the University of Alabama and the University of Oklahoma.

Apple had actually announced the service back in June, during WWDC, earmarking the three schools going live today. It said that Johns Hopkins University, Santa Clara University and Temple University will start using the service by the end of this year.

The expansion comes at a time when Apple is riding on a growth high for its mobile wallet. iPhone and Watch owners have been shown to be enthusiastic users of their devices for making purchases (thrice as more avid, it seems, than Android users), and on the back of that, Apple Pay — which is now live in 24 markets — has laid claim to being the most popular mobile contactless payment in use today, with some 1 billion transactions in the last quarter alone, up three-fold from a year before.

Many of those transactions are specifically related to Apple Pay, made using more traditional payment cards such as American Express or Visa credit cards, and at traditional retail locations — Apple says it expects 60 percent of all US retail locations to support Apple Pay by the end of this year, including over 70 of the top 100 retail chains.

But Apple has also been pursuing a second wave of growth to make Wallet useful, by encouraging people to upload and use the myriad cards they have for various other services, such as loyalty cards and passes for city transport systems. Twelve US metro areas already use Apple Pay, and there is ground being gained internationally too in markets like the UK, China and Japan.

Adding in university student cards falls within that scope, Apple says.

“iPhone and Apple Watch have brought us into a new era of mobility, helping to transform everyday experiences,” said Jennifer Bailey, Apple’s vice president of Internet Services, said in a statement. “When we launched Apple Pay, we embarked on a goal to replace the physical wallet. By adding transit, loyalty cards and contactless ticketing we have expanded the capabilities of Wallet beyond payments, and we’re now thrilled to be working with campuses on adding contactless student ID cards to bring customers even more easy, convenient and secure experiences.”

Apple Pay may not appear to massively profit Apple in a direct way — as it’s been pointed out by others, the percentages on payment transactions are tiny — but what it does give the company indirectly is another tie into how people use their phones and watches, making the devices more valuable to their owners, and those users more tied into the Apple ecosystem.

At colleges (and other schools), we’ve seen an increasing use of student ID cards not just as a way to identify yourself, but to access services and buildings, and also to pay for things, and use of contactless versions of these has been on the rise. Part of the reason for this is safety: having one card for everything means students need to carry less valuables, and if they lose it or it’s stolen, the card can be more easily replaced. At the same time, watches and phones are not items they’re leaving behind, so further consolidating, and making those cards more secure by way of Apple’s device locks, makes sense.

What we don’t know is if Apple is getting a commission (even a tiny one) on the payment transactions made via these student cards. We have asked the company and will update as we learn more.

Educational institutions aren’t the only not-strictly-retail locations that are being put into Wallet. Apple’s been adding sports venues to let attendees use Wallet to carry their tickets, and to then buy food and other concessions once you get in. (See how Apple uses one non-commissioned transaction to lead you into using it for one that might be?)

Today, Apple is estimated to account for between 14 percent and 17 percent of the K-12 education market in the US, and with the likes of Google and Microsoft also pushing hard for growth both here and in higher education, you can see how adding in more services like this could help Apple expand its piece of the pie.


Source: TechCrunch

Not tracking sleep? It's official: You're missing out – CNET

CNET surveyed more than 1,000 readers about whether they use devices to monitor their sleep. A lot do, and they’re feeling better for it.
Source: CNET

Apple's Wallet makes room for college student IDs – CNET

Students at an initial three universities will be able to use their iPhones or Apple Watches to make payments or get into their dorms.
Source: CNET

What California's law to get women in the boardroom means for Silicon Valley – CNET

It’s not just about helping women. It could also be good for companies’ bottom line.
Source: CNET

How the Kavanaugh Information War Mirrors Real Warzones

Opinion: From using open source intelligence to spreading false reports to brazenly rewriting history, social media warriors on both sides of the controversy are taking a page from Russia.
Source: Wired

How to Use Snapchat: Critical Tips for New Users

Master the art of Snapchat Stories, filters, stickers, Snapcodes, and those ephemeral photos.
Source: Wired

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