Location intelligence company Foursquare Labs Inc. said today it’s merging with a data location provider called Factual Inc. The new company will have a combined revenue of about $150 million per year, but details of the transaction were not disclosed. Foursquare was founded back in 2009 and was originally known as a location-centered social network, where users could check in at different places and share that with their friends to earn badges. Over time, however, the company has shifted...

The Cloud Native Computing Foundation said today its Technical Oversight Committee has voted to accept the Argo Project as its latest incubation-level hosted project. Created in 2017 by a company called Applatix Inc., the Argo Project is a set of tools that enable users to run and manage applications built on Kubernetes more easily. Kubernetes is an orchestration tool that’s used to manage thousands of software containers, which host modern applications that can run on any kind of computing...

Cloud networking company Cato Networks Ltd. said today it has raised a hefty $77 million in a funding round that it says validates its adaptable infrastructure at a time when many companies are struggling to enable work-from-home remote access to their employees. The fresh round was led by Lightspeed Venture Partners with the participation of Aspect Ventures, Greylock Partners, Singtel Innov8, U.S. Venture Partners and Cato founder and Chief Executive Shlomo Kramer, bringing Cato’s total...

Cybersecurity startup CyberMDX Technologies Inc. reckons it can take some of the pressure off healthcare providers after raising $20 million in funding. The round, announced today, was led by Sham (Relyens Group), while existing investors Pitango Venture Capital and Qure Ventures also participated. CyberMDX sells risk management and security software that helps healthcare organizations secure connected medical equipment, computer systems and other “internet of things” devices. The software...

Networking giant Cisco Systems Inc. today revealed its intent to acquire Fluidmesh Networks LLC, which makes a wireless backhaul system for connecting “internet of things” devices. Financial terms of the deal were not disclosed, but Cisco was keen to impress on the value of Fluidmesh’s technology, which enables zero loss of data transfer when assets such as trains are moving rapidly, or in other situations where Wi-Fi coverage can be patchy. The company’s platform is used in various...