ARM Holdings is preparing a $600mn takeover bid for data analytics specialist Treasure Data, reports Bloomberg. SoftBank-owned ARM, which is based in the United Kingdom and is an industry-leader in semiconductor and software design, is eyeing the acquisition to expand its footprint in the Internet of Things (IoT). IoT is at the forefront of ARM's long-term strategy - in June, it completed the acquisition of leading technology connectivity management provider Stream Technologies and by 2035 it hopes to operate a trillion connected devices around the world. ARM was sold to SoftBank in 2016 for a reported $32bn, a purchase funded by SoftBank's Vision Fund which delivers investment for startups in advanced technologies such as artificial intelligence, driverless cars, robotics and ride sharing, as well as IoT. Treasure Data operates cloud services tailored to Big Data collection, storage and analysis and already works with a number of major IoT companies.
Here are this week's top stories in fraud and big data technology: Thanks to its huge network of users, Sprint has access to vast amounts of user data. Three years ago it established subsidiary Pinsight Media to investigate ways of capitalizing on that data. Since then it has gone from serving zero to six billion ad impressions per months, based on "authenticated first party data" which it alone has access to. The fact that plain passwords are no longer safe to protect our digital identities is no secret. For years, the use of two-factor authentication (2FA) and multi-factor authentication (MFA) as a means to ensure online account security and prevent fraud has been a hot topic of discussion.
With the advantage of two sets of eyes and ears, one of us got the news live while the other just saw it in a series of cryptic text messages upon landing at Newark Airport a couple hours later: Cloudera and Hortonworks are entering a merger of equals that sees Cloudera stockholders owning roughly 60% of the combined company. Larry Dignan delivered the news flash yesterday: It puts together a company with roughly a $5 billion valuation and $750 million in revenues, with players that have been slowly advancing toward cash flow positive balance sheets. Until now, we thought that IBM would have been the more likely suitor for Hortonworks, given an OEM relationship that was finding increasing commercial traction. But as IBM of late has been busily pivoting the future of its business from Watson cognitive computing toward a boarder implementation of AI, not to mention the urgency of building the IBM Cloud business, there's been bigger fish to fry. The deal brings together two formerly fierce rivals.
Machine learning techniques may have been used for years, but recently there has been an explosion in their applications. In fact, in a recent Q3 earnings call, Google CEO Sundar Pichai said "Machine learning is a core, transformative way by which we're re-thinking how we're doing everything." In the past, successful use of machine learning algorithms required bespoke algorithms and huge R&D budgets, but all that is changing. IBM Watson, Microsoft Azure, Amazon and Alibaba all launched turnkey cloud based machine learning SaaS solutions in 2015. At the same time startups like Idibon, MetaMind, Dato and MonkeyLearn have built machine learning products that companies can take advantage of.
ThetaRay, a big data analytics company based in Hod HaSharon, Israel, today announced that it raised more than $30 million in a funding round led by Jerusalem Venture Partners (JVP), GE, Bank Hapoalim, OurCrowd, SVB Investments, and others. That puts its fundraising total to date at about $60 million. "In this era when criminal activity and money laundering are increasing and becoming more sophisticated and also regulation is on the rise, there is a greater demand for our solutions," Mark Gazit, CEO of ThetaRay, said in a statement. "As the amount of digital information grows, you just can't protect it without artificial intelligence systems. ThetaRay offers the most advanced and mature solutions to detect threats before they happen."