Connect with us
DAPA Banner

Tech

Seattle startup Ambassador acquires ad platform Humming, eyes more deals amid AI shakeout

Published

on

Ambassador leaders, from left: COO Mark Steffler, CEO Geoff McDonald, and Chief Strategy Officer John Larson. (Ambassador Photos)

Seattle customer engagement startup Ambassador has acquired the operating assets of Tacoma-based programmatic ad platform Humming, part of a roll-up strategy that anticipates a larger shakeout among startups as major AI platforms expand their capabilities.

The deal will bring Humming’s technology for automatically buying and placing digital ads into Ambassador’s platform, which uses AI to manage and act on customer referrals, loyalty programs, surveys, and other feedback. Ambassador said the addition will improve its attribution capabilities, connecting ad spending to purchases, leads, and other customer actions.

It’s the latest in a series of acquisitions for the 22-person Seattle company, which has raised about $11 million. 

The AI shakeout: Ambassador CEO Geoff McDonald said he sees more opportunities for deals in the future as AI startups that essentially built wrappers around large language models struggle to hold onto customers as Anthropic, OpenAI and others add similar capabilities.

The companies that will succeed, in McDonald’s view, are the ones sitting on years of proprietary customer data that can’t be quickly reproduced, what he calls the context layer.

Advertisement

Ambassador has been accumulating that data since well before the current AI wave, bolstered by its 2021 acquisition of a referral marketing platform from an Apollo Global Management subsidiary. It has since rebuilt the platform around AI.

Customers of relatively nascent AI startups are increasingly saying, “Oh, well, Claude just came out with this tool. I’m just going to build it internally,” McDonald said, referring to Anthropic’s popular AI assistant. “And I think that’s where we differentiate.”

Latest acquisition: The Humming deal, structured as an asset purchase, closed last week. Financial terms were not disclosed. Humming, founded in 2018, built a platform for buying and managing ad campaigns across websites, apps, and streaming services. 

Based in Tacoma, the company was co-founded by Bill Herling and Jill Nealey-Moore, a psychology professor at the University of Puget Sound, and raised more than $5 million, according to Herling’s LinkedIn profile. 

Advertisement

The company had more than 30 employees at its peak. Herling stepped down as CEO in 2023 and has since launched a new ad tech startup called Atrium, focused on TV advertising. He is not joining Ambassador, and Humming’s standalone product will be discontinued.

Ambassador expects to integrate Humming’s technology into its platform within 60 days, an accelerated timeline that McDonald attributed to Ambassador’s use of AI in its own engineering process. Chief Operating Officer Mark Steffler said the team has been shipping new features to customers every two weeks, crediting the company’s use of AI coding tools.

Business model: Ambassador has also shifted its approach away from traditional software subscriptions toward what McDonald calls “Results as a Service,” or RaaS — charging customers based on consumption credits tied to outcomes rather than flat fees for seats or contacts.

The model is designed so that customers pay more when the platform delivers more value, and less when it doesn’t. McDonald said he plans to apply the same pricing approach to Humming’s programmatic ad capabilities, which he described as a first for the space.

Advertisement

Zipwhip connection: Ambassador’s chief strategy officer and co-founder is John Larson, who co-founded Seattle-based business texting startup Zipwhip, which Twilio acquired for $850 million in 2021. He spent three years at Twilio after the deal before joining Ambassador full-time in mid-2024.

He was part of a $7 million funding round in December that included other former Zipwhip execs, calling the company the biggest personal investment of his career.

M&A: Larson said this week that he believes the current environment will produce more acquisition targets. While the “graveyard” of failed AI startups may not be as dire as headlines suggest, many companies with solid teams and technology simply can’t raise money, he said.

Before Humming, the company acquired Predictive Solutions, a Seattle customer data platform, and ChalkLabs, a Spokane-based semantic search startup, before buying the Ambassador referral marketing platform from Intrado, a subsidiary of Apollo Global Management, in 2021. 

Advertisement

McDonald, who previously co-founded Seattle startup Element Data, a decision intelligence platform, launched the company as i2H in 2019. The holding company began doing business under the Ambassador name after completing the acquisition from the Apollo Global subsidiary.

Customers: Ambassador says it works with more than 200 companies, listing customers including Visible by Verizon, Canadian bank CIBC, and HR software company Rippling on its website. Its customers are primarily in telecom, financial services, and B2B software.

Financials: The privately held company is approaching cash-flow neutral, McDonald said, distinguishing it from many startups that are burning through their funding as they grow. 

Source link

Advertisement
Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Tech

OpenAI Engineer Helps Companies Boost Sales

Published

on

Like many engineers, Sarang Gupta spent his childhood tinkering with everyday items around the house. From a young age he gravitated to projects that could make a difference in someone’s everyday life.

When the family’s microwave plug broke, Gupta and his father figured out how to fix it. When a drawer handle started jiggling annoyingly, the youngster made sure it didn’t do so for long.

Sarang Gupta

Employer

Advertisement

OpenAI in San Francisco

Job

Data science staff member

Member grade

Advertisement

Senior member

Alma maters

The Hong Kong University of Science and Technology; Columbia

By age 11, his interest expanded from nuts and bolts to software. He learned programming languages such as Basic and Logo and designed simple programs including one that helped a local restaurant automate online ordering and billing.

Advertisement

Gupta, an IEEE senior member, brings his mix of curiosity, hands-on problem-solving, and a desire to make things work better to his role as member of the data science staff at OpenAI in San Francisco. He works with the go-to-market (GTM) team to help businesses adopt ChatGPT and other products. He builds data-driven models and systems that support the sales and marketing divisions.

Gupta says he tries to ensure his work has an impact. When making decisions about his career, he says, he thinks about what AI solutions he can unlock to improve people’s lives.

“If I were to sum up my overall goal in one sentence,” he says, “it’s that I want AI’s benefits to reach as many people as possible.”

Pursuing engineering through a business lens

Gupta’s early interest in tinkering and programming led him to choose physics, chemistry, and math as his higher-level subjects at Chinmaya International Residential School, in Tamil Nadu, India. As part of the high school’s International Baccalaureate chapter, students select three subjects in which to specialize.

Advertisement

“I was interested in engineering, including the theoretical part of it,” Gupta says, “But I was always more interested in the applications: how to sell that technology or how it ties to the real world.”

After graduating in 2012, he moved overseas to attend the Hong Kong University of Science and Technology. The university offered a dual bachelor’s program that allowed him to earn one degree in industrial engineering and another in business management in just four years.

In his spare time, Gupta built a smartphone app that let students upload their class schedules and find classmates to eat lunch with. The app didn’t take off, he says, but he enjoyed developing it. He also launched Pulp Ads, a business that printed advertisements for student groups on tissues and paper napkins, which were distributed in the school’s cafeterias. He made some money, he says, but shuttered the business after about a year.

After graduating from the university in 2016, he decided to work in Hong Kong’s financial hub and joined Goldman Sachs as an analyst in the bank’s operations division.

Advertisement

From finance to process optimization at scale

After two parties agree on securities transactions, the bank’s operations division ensures that the trade details are recorded correctly, the securities and payments are ready to transfer, and the transaction settles accurately and on time.

As an analyst, Gupta’s task was to find bottlenecks in the bank’s workflows and fix them. He identified an opportunity to automate trade reconciliation: when analysts would manually compare data across spreadsheets and systems to make sure a transaction’s details were consistent. The process helped ensure financial transactions were recorded accurately and settled correctly.

Gupta built internal automation tools that pulled trade data from different systems, ran validation checks, and generated reports highlighting any discrepancies.

“Instead of analysts manually checking large datasets, the tools automatically flagged only the cases that required investigation,” he says. “This helped the team spend less time on repetitive verification tasks and more time resolving complex issues. It was also my first real exposure to how software and data systems could dramatically improve operational workflows.”

Advertisement

“Whether it’s helping a person improve a trait like that or driving efficiencies at a business, AI just has so much potential to help. I’m excited to be a little part of that.”

The experience made him realize he wanted to work more deeply in technology and data-driven systems, he says. He decided to return to school in 2018 to study data science and AI, when the fields were just beginning to surge into broader awareness.

He discovered that Columbia offered a dedicated master’s degree program in data science with a focus on AI. After being accepted in 2019, he moved to New York City.

Throughout the program, he gravitated to the applied side of machine learning, taking courses in applied deep learning and neural networks.

Advertisement

One of his major academic highlights, he says, was a project he did in 2019 with the Brown Institute, a joint research lab between Columbia and Stanford focused on using technology to improve journalism. The team worked with The Philadelphia Inquirer to help the newsroom staff better understand their coverage from a geographic and social standpoint. The project highlighted “news deserts”—underserved communities for which the newspaper was not providing much coverage—so the publication could redirect its reporting resources.

To identify those areas, Gupta and his team built tools that extracted locations such as street names and neighborhoods from news articles and mapped them to visualize where most of the coverage was concentrated. The Inquirer implemented the tool in several ways including a new web page that aggregated stories about COVID-19 by county.

“Journalism was an interesting problem set for me, because I really like to read the news every day,” Gupta says. “It was an opportunity to work with a real newsroom on a problem that felt really impactful for both the business and the local community.”

The GenAI inflection point

After earning his master’s degree in 2020, Gupta moved to San Francisco to join Asana, the company that developed the work management platform by the same name. He was drawn to the opportunity to work for a relatively small company where he could have end-to-end ownership of projects. He joined the organization as a product data scientist, focusing on A/B testing for new platform features.

Advertisement

Two years later, a new opportunity emerged: He was asked to lead the launch of Asana Intelligence, an internal machine learning team building AI-powered features into the company’s products.

“I felt I didn’t have enough experience to be the founding data scientist,” he says. “But I was also really interested in the space, and spinning up a whole machine learning program was an opportunity I couldn’t turn down.”

The Asana Intelligence team was given six months to build several machine learning–powered features to help customers work more efficiently. They included automatic summaries of project updates, insights about potential risks or delays, and recommendations for next steps.

The team met that goal and launched several other features including Smart Status, an AI tool that analyzes a project’s tasks, deadlines, and activity, then generates a status update.

Advertisement

“When you finally launch the thing you’ve been working on, and you see the usage go up, it’s exhilarating,” he says. “You feel like that’s what you were building toward: users actually seeing and benefiting from what you made.”

Gupta and his team also translated that first wave of work into reusable frameworks and documentation to make it easier to create machine learning features at Asana. He and his colleagues filed several U.S. patents.

At the time he took on that role, OpenAI launched ChatGPT. The mainstreaming of generative AI and large language models shifted much of his work at Asana from model development to assessing LLMs.

OpenAI captured the attention of people around the world, including Gupta. In September 2025 he left Asana to join OpenAI’s data science team.

Advertisement

The transition has been both energizing and humbling, he says. At OpenAI, he works closely with the marketing team to help guide strategic decisions. His work focuses on developing models to understand the efficiency of different marketing channels, to measure what’s driving impact, and to help the company better reach and serve its customers.

“The pace is very different from my previous work. Things move quickly,” he says. “The industry is extremely competitive, and there’s a strong expectation to deliver fast. It’s been a great learning experience.”

Gupta says he plans to stay in the AI space. With technology evolving so rapidly, he says, he sees enormous potential for task automation across industries. AI has already transformed his core software engineering work, he says, and it’s helped him enhance areas that aren’t natural strengths.

“I’m not a good writer, and AI has been huge in helping me frame my words better and present my work more clearly,” he says. “Whether it’s helping a person improve a trait like that or driving efficiencies at a business, AI just has so much potential to help. I’m excited to be a little part of that.”

Advertisement

Gupta has been an IEEE member since 2024, and he values the organization as both a technical resource and a professional network.

He regularly turns to IEEE publications and the IEEE Xplore Digital Library to read articles that keep him abreast of the evolution of AI, data science, and the engineering profession.

IEEE’s member directory tools are another valuable resource that he uses often, he says.

“It’s been a great way to connect with other engineers in the same or similar fields,” he says. “I love sharing and hearing about what folks are working on. It brings me outside of what I’m doing day to day.

Advertisement

“It inspires me, and it’s something I really enjoy and cherish.”

From Your Site Articles

Related Articles Around the Web

Source link

Advertisement
Continue Reading

Tech

John Deere Pays $99 Million To Settle ‘Right To Repair’ Class Action

Published

on

from the do-not-pass-go,-do-not-collect-$200 dept

A few years ago agricultural equipment giant John Deere found itself on the receiving end of multiple state, federal, and class action lawsuits for its efforts to monopolize tractor repair. The lawsuits noted that the company consistently purchased competing repair centers in order to consolidate the sector and force customers into using the company’s own repair facilities, driving up costs and logistical hurdles dramatically for farmers.

John Deere executives have repeatedly promised to do better, then just ignored those promises. Early last year, the FTC and numerous states filed an antitrust lawsuit against the company for its efforts to monopolize repair. Though, with MAGA corruption purging any remaining antitrust enforcers from its ranks, it’s unclear if the FTC action will ever actually result in anything meaningful.

John Deere did however just have to pay $99 million to settle a different class action lawsuit brought by its customers. Under the settlement John Deere doesn’t admit to any wrongdoing, but will deposit the money into a fund to pay more than 200,000 John Deere owners for expensive dealership repairs since 2018.

In an announcement by the company, John Deere pretends they’re a consumer-focused enterprise:

Advertisement

“As we continue to innovate industry leading equipment and technology solutions supported by our world-class dealer network, we are equally committed to providing customers and other service providers with access to repair resources,” said Denver Caldwell, vice president, Aftermarket & Customer Support. “We’re pleased that this resolution allows us to move forward and remain focused on what matters most – serving our customers.”

Except if John Deere had cared about customer service, they wouldn’t be in this predicament.

In addition to intentionally acquiring repair alternatives to monopolize repair and drive up consumer costs, John Deere also routinely makes repair difficult and costly through the act of software locks, obnoxious DRM restrictions, and “parts pairing” — which involves only allowing the installation of company-certified replacement parts — or mandatory collections of company-blessed components.

More recently, the company had been striking meaningless “memorandums of understanding” with key trade groups, pinky swearing to stop their bad behavior if the groups agree to not support state or federal right to repair legislation. Several such groups backed off their criticism, only to have John Deere continue its monopolistic behavior, the FTC’s complaint notes.

The annoyance at John Deere’s behavior has driven a broad, bipartisan movement that’s in very vocal support for state and federal guidelines enshrining “right to repair” protections into law. Unfortunately, while all fifty states have at least flirted with the idea of a state law, only Massachusetts, New York, Texas, Minnesota, Colorado, California, Oregon, and Washington have actually passed laws.

Advertisement

And among those, not one has taken any substantive action to actually enforce the new law, something that needs to change if the movement is to obtain and retain meaningful policy momentum.

Filed Under: agriculture, class action, dealership, ftc, lawsuits, repairs, right to repair, tractors

Companies: john deere

Source link

Advertisement
Continue Reading

Tech

New Display For Old Multimeter

Published

on

As a company, Fluke has been making electronic test equipment longer than the bipolar junction transistor has been around for. In that time they’ve developed a fairly stellar reputation for quality and consistency, but like any company they don’t support their products indefinitely. [ogdento] owns a Fluke meter that isn’t nearly as old as the BJT but still has an age well outside of the support window, and since the main problem was the broken LCD display they set about building a replacement for this retro multimeter.

Initially, [ogdento] had plans to retrofit this classic multimeter with a modern OLED, but could not find enough space for the display or a way to drive it easily. The next attempt to get something working was to build a custom one-off LCD using a drill press as an end mill, which didn’t work either. But after seeing a Charlieplexed display from [bobricius] as well as this video from EEVblog about designing custom LCDs, [ogdento] was able to not only design a custom PCB and LCD display to match the original meter, but was able to get a manufacturer in China to build them.

The new displays have a few improvements over the old; mostly they are more stylistically inspired by later Fluke models and have a few modern improvements to the LCD itself. There were are few issues during prototyping but nothing that was too hard to sort out, such as ordering the wrong size elastomeric strips initially. For anyone who needs to replace a custom LCD and can’t find replacement parts anymore, this project would be a great starting point for figuring out the process from the ground up.

Advertisement

Source link

Advertisement
Continue Reading

Tech

Google is expanding Personal Intelligence to Gemini users globally and it’s a huge shift

Published

on

If you have been waiting for Gemini to actually feel like it knows you, your wait is almost over. Google’s Personal Intelligence, which launched earlier this year for paid US subscribers, is now rolling out globally.

What is Gemini Personal Intelligence and what can it do?

Personal Intelligence connects Gemini to your Google apps. Think Gmail, Google Photos, YouTube, Search, Maps, Calendar, Drive, and more. It uses your existing data to give smarter, more tailored responses without requiring you to explain everything each time.

The use cases are genuinely impressive. Ask Gemini for shopping recommendations, and it will factor in your recent purchases and style preferences. Stuck troubleshooting a device you do not remember buying? It can pull the exact model from your purchase receipts in Gmail.

If you are planning a trip with a tight layover, Gemini can use Personal Intelligence to check your gates, walking time, and meal preferences all at once. It can even suggest a new hobby based on patterns it notices across your activity.

Google says this is an opt-in feature, so you choose which apps to connect. Importantly, Gemini does not train directly on your Gmail or Photos data. It references them to answer your questions, but keeps the underlying personal content separate from model training.

Who can use Gemini’s Personal Intelligence feature?

Personal Intelligence works across desktop, Android, and iOS with languages supported by Gemini. The global rollout is now live for Google AI Plus, Pro, and Ultra subscribers everywhere except the European Economic Area, Switzerland, and the UK. Free Gemini users globally will get access within the next few weeks.

Advertisement

Why does this matter?

Personal Intelligence is probably the most significant thing Google has done with Gemini so far. Gemini is slowly becoming the kind of AI assistant that actually understands your life, not just the internet.

With access to Gmail, Photos, Maps, and more, Gemini will no longer feel like a generic chatbot and behave like a genuine personal assistant. No other AI assistant comes close to having this kind of data advantage baked in from the start.

Apple Intelligence is still finding its feet and Microsoft’s Copilot lives mostly inside productivity tools. Meanwhile OpenAI’s ChatGPT has no first-party data ecosystem of its own.

Google, on the other hand, already has your entire digital life across billions of users. In an AI race where rival companies are all building toward personalization, Google, with its unmatched ecosystem, is uniquely positioned to win it.

Advertisement

Source link

Continue Reading

Tech

Bull and Equal1 to advance next gen of hybrid quantum tech in Europe

Published

on

The partnership will bring together Bull’s supercomputing infrastructure and Equal1’s ‘breakthrough’ silicon-spin quantum computers.

Bull, a Paris-based high-performance computing (HPC), artificial intelligence and quantum technology company, is to partner with Dublin start-up Equal1, a silicon-powered quantum computing technology provider. 

Equal1 and Bull stated that their deal will “advance the next generation of hybrid quantum-classical technologies with European solutions”, at a time when quantum computing is beginning to transition from promise to practical reality.

The pair said the partnership will combine Bull’s supercomputing infrastructure and quantum emulation expertise with Equal1’s breakthrough silicon-spin quantum computers, as agreed in a memorandum of understanding. 

Advertisement

The collaboration will focus on three core pillars – technical integration, joint research and development to advance innovation, and a focus on sovereign European projects whereby both companies will collaborate on EU-led quantum initiatives amid the global quantum race.

Commenting on the announcement, Bruno Lecointe, the senior vice-president and global head of HPC, AI and quantum at Bull, said: “The convergence of high-performance computing and quantum technologies is redefining how we address the world’s most complex challenges. 

“10 years after launching the first quantum emulator of the market, innovation has always been part of Bull’s DNA and we remain committed to designing hybrid architectures that help translate emerging technologies into operational capability.

“By integrating Equal1’s silicon-spin quantum servers into our Qaptiva ecosystem, we are enabling a seamless bridge between HPC, quantum emulation and quantum execution. This alliance ensures our customers can leverage quantum-centric supercomputing to achieve real-world outcomes with unprecedented efficiency and performance.”

Advertisement

Jason Lynch, the CEO of Equal1, added: “By building quantum processors on standard silicon, we are turning quantum from bespoke laboratory hardware into deployable infrastructure. This collaboration with Bull is a vital step in bridging the gap between breakthrough hardware innovation and industrial workloads. 

“Together, we are positioning our joint solutions as the standard for high-performance computing, enabling seamless integration into existing data centres and driving a more sustainable digital future.”

Earlier this year, Equal1 announced it had raised $60m in a funding round led by Ireland Strategic Investment Fund, with participation from Atlantic Bridge, the European Innovation Council Fund, Matterwave Ventures, Enterprise Ireland, Elkstone and TNO Ventures.

At the time, Equal1 said that the investment would enable deployment to HPC centres – including to the European Space Agency’s Phi-lab in Italy – advance the roadmap towards “millions” of on-chip qubits, scale manufacturing and grow its team.

Advertisement

Last week, the Dublin-based start-up said it would partner with Californian quantum infrastructure software maker Q-Ctrl for the deployment of rack-mounted quantum computers in enterprise data centres.

Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.

Source link

Advertisement
Continue Reading

Tech

Apple Store closures make sense to Apple, but not to the community

Published

on

Apple sometimes closes retail stores. The company always has private and public reasons why, but the communities and workers that are impacted don’t care much about what they are.

Modern Apple retail store interior with bright lighting, glass front, wooden tables displaying iPhones, iPads, and laptops, accessory shelves along gray walls, and large product posters on both sides
Apple Trumbull – Image Credit: Apple

On April 9, it was revealed that Apple was preparing to close three of its stores in the United States in June. The group consists of Apple North County in Escondido, California, Apple Towson Town Center in Towson, Maryland, and Apple Trumbull in Trumbull, Connecticut.
After the initial shock of the closures, people are still expressing their feelings about the store closures. However, as usual, nothing is straightforward in the court of public opinion.
Continue Reading on AppleInsider | Discuss on our Forums

Source link

Continue Reading

Tech

By Our Calculations, You’ll Love The Flapulator

Published

on

Oh sure, you’ve got calculators. There’s that phone program of course, and the one that comes with your OS, and the TI-86 and possibly RPN numbers you’ve had since high school.

But what you don’t have is a Flapulator, at least not until you build one. Possibly the be-all, end-all of physical calculating devices, the Flapulator does its calculating live on a split-flap display. It’s kind of slow and the accuracy is questionable, but the tactility is oh, so good.

This baby boasts a 6-digit display, where the decimal point and negative sign each require one digit. Inside is a Raspberry Pi Pico, which can calculate for around 4 hours on a full charge. But the coolest part (aside from the split-flap display, naturally) has got to be the 24-key, hand-wired mechanical keyboard. There’s also a couple of LEDs that light up to keep track of the current mathematical operation.

Advertisement

The story behind this one is kind of interesting. [Applepie1928] found out that one of their favorite mathematician-comedian-pi-lovers who is known for signing calculators was coming to town. With four weeks to whip something up, this was, amazingly, the result. Check it out in  action after the break.

Need something that’s a whole other kind of fancy? Here’s an open-source graphing calculator.

Advertisement

Source link

Continue Reading

Tech

Intel and Google lock in massive Xeon deal as AI workloads reshape cloud infrastructure across global hyperscale data centers

Published

on


  • Intel and Google signed a multi-year deal to keep Xeon in cloud infrastructure
  • Google Cloud instances C4 and N4 already run on Xeon 6 processors
  • Intel and Google are co-developing custom IPUs for networking and storage

Intel and Google have announced a multi-year collaboration that will keep Intel Xeon processors at the heart of Google Cloud infrastructure for the foreseeable future.

The agreement spans multiple generations of Xeon chips and includes systems used for AI workloads, inference tasks, and general-purpose computing across Google’s global data centers.

Source link

Continue Reading

Tech

Crypto-exchange Kraken extorted by hackers after insider breach

Published

on

Crypto-exchange Kraken extorted by hackers after insider breach

The Kraken cryptocurrency exchange announced that a cybercrime group is trying to extort the company by threatening to release videos showing internal systems that host client data.

The company’s Chief Security Officer, Nick Percoco, stated that the incident did not put client funds at risk and involved an insider threat, with two instances of improper access to limited customer data by support employees.

Kraken says that it will not pay or negotiate with the threat actor.

Wiz

“We are currently being extorted by a criminal group threatening to release videos of our internal systems with client data shown if we do not comply with their demands,” stated Percoco.

“It’s important to start with the most important points: our systems were never breached; funds were never at risk; we will not pay these criminals; we will not ever negotiate with bad actors.”

Advertisement

Tweet

Kraken is a U.S.-based cryptocurrency exchange that enables millions of users across 190 countries to buy, sell, and trade digital assets such as Bitcoin, Ethereum, and 200 others.

It is considered one of the largest and most established exchanges, with a daily trading volume of hundreds of millions of U.S. dollars.

Following a “tip from a trusted source” in February 2025 about cybercriminals circulating a video demonstrating access to its client support systems, Kraken initiated an investigation and uncovered a support employee recruited by the threat actor.

More recently, Kraken received a tip about another, more recent video showing insider access to its systems.

Advertisement

In both cases, the company reacted quickly by revoking the employee’s access, launching investigations, and strengthening controls. Where user exposure was identified, Kraken notified affected users directly.

According to Percoco, the incident affects only about 2,000 accounts, which represents 0.02% of Kraken’s user base. For this small subset, the exposed information reportedly only concerns client support data.

Kraken stated that its investigation has gathered enough evidence to legally prosecute all involved individuals attempting to blackmail them, and the company is closely working with federal law enforcement across multiple jurisdictions towards this goal.

Insider threats and malicious recruitment are a broader problem impacting multiple industries, and especially the cryptocurrency sector.

Advertisement

In mid-2025, it was revealed that another major American cryptocurrency exchange, Coinbase, suffered a data breach after hackers bribed employees of an India-based customer support agency to disclose to them private client support information.

In that case, the incident impacted 70,000 customers, with Coinbase estimating the total financial damages to be $400 million.

Automated pentesting proves the path exists. BAS proves whether your controls stop it. Most teams run one without the other.

This whitepaper maps six validation surfaces, shows where coverage ends, and provides practitioners with three diagnostic questions for any tool evaluation.

Source link

Advertisement
Continue Reading

Tech

Google’s new Windows app is yet another way to access Gemini

Published

on

Google has introduced a new app for Windows desktops and, unsurprisingly, it puts AI front at center. If you aren’t a big fan of Google’s Gemini chatbot, then skip on past this download. For those of you who are heavy Gemini users, though, this could mean a simpler and more integrated experience on Windows machines.

Once installed, you can pull up the app’s search bar with the Alt + Space shortcut. Queries typed into this open-ended search box can hunt down information from the web like typical Google search, where AI Mode will be enabled for an extra layer of artificial intelligence for follow-up questions or a deeper dive down a rabbit hole. But the app isn’t limited to web search. It can delve into your computer’s files, other installed apps or Google Drive files to retrieve information. Screen sharing is also built into the app, which enables using Google Lens to conduct AI-powered searches on content displayed on your monitor.

The app is rolling out globally today in English. Interestingly, this hasn’t been gated to the most recent Windows 11, but it does require a machine running at least Windows 10.

Source link

Advertisement
Continue Reading

Trending

Copyright © 2025