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Equity

Equity Monday: Cybersecurity startups see deluge of capital as Microsoft looks to buy RiskIQ

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 12 July 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. It was a busy weekend for everyone, regardless of whether you were watching the technology, what Branson was up to, or the footie. I won't take sides on the match, but I will say that it was gripping unto the very end and a great example of sport. Now, the news: Microsoft is said to be hunting up the purchase of RiskIQ, a cybersecurity firm. The deal is reported to be worth around $500 million. And this weekend, Twitter began to conform with new regulations in India, moves that come after it lost some legal protections during a scrap with the Indian government. China's tech market has been busy: News is out concerning ByteDance's IPO delay, Tencent is being forced to drop some music label exclusivity, and the Chinese government recently blocked a merger of streaming giants in the country. There's big news out from Flipkart this morning, thanks to its recent and huge new funding round worth $3.6 billion. And returning to the cybersecurity theme from earlier, startups in the sector are having a lovely time raising capital in recent months, it turns out. And don't forget that earnings season is just around the corner. It's a pretty important cycle. Why? Because startup valuations are hot, and could take a hit if earnings come up short. And the IPO market is pretty freaking active; poor earnings from major tech companies could crimp exit-prices for mature startups. Ok! Talk to you on Wednesday! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good morning and welcome to Equity Monday for July 12th, our weekly primer where we catch up on the news and as always explore the numbers behind the headlines.

0:19.0

It was a busy last few days with Virgin Galactic Richard Branson undertaking what was either a well-marketed

0:24.5

Joyride to the upper limits of Earth's atmosphere or a key voyage for the unlocking of space

0:29.5

for more folks and England losing to Italy in a soccer game that was honestly rather excellent to watch,

0:35.0

unless of course you're English, in which case all we can say is that hangovers are cured by time, aspirin, hugs, and vodka.

0:42.0

Asian stocks rose today, European stocks fell and American equities

0:45.5

are mixed this morning ahead of the start of trading in the last 24 hours. Major

0:49.6

cryptos are largely flat and that, let's begin.

0:53.0

All right, so the weekend, well, breaking over the weekend was news that Microsoft

0:59.4

intends to buy Risk IQ a cybersecurity firm, Bloomberg broke that news.

1:04.8

The deal should value the smaller company at around 500 million.

1:08.3

Now this is a small deal for Microsoft in kind of relative terms compared to its market cap,

1:12.6

but it does mark the company's second recent cybersecurity purchase.

1:16.0

Now, obviously, if you think about that,

1:18.2

Microsoft is working to beef up its cybersecurity muscle,

1:21.0

which is a pretty welcome thing, frankly.

1:23.4

You know, here's hoping that the deals lead to fewer exploits and a general retrenchment of

1:27.2

ransomware attacks.

1:28.9

And this weekend, Techrons reported that Twitter's India operations have, quote,

1:32.1

appointed a resident grievance officer

1:34.3

days after the American social media firm was said to have lost the liability

1:38.0

protection on user-generated content in the South Asian nation

...

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