Adobe has reported that third-quarter sales increased 11% annually to $5.99 billion, driven by AI-related purchases, with a strong pipeline ahead.
Digital Media segment sales reached $4.46 billion, with ARR hitting $18.6 billion. The Digital Experience segment contributed $1.48 billion.
-Oracle showed off impressive first quarter growth earlier this week, with its Remaining Performance Obligations (RPO) – the total value of contracted future revenue that has yet to be recognised – ballooning 359% to $455 billion, after the firm signed four multi-billion-dollar contracts with three customers.
Total quarterly revenue in constant currency increased 11% to $14.9 billion, with Oracle Cloud Infrastructure sales jumping 55% to $3.3 billion.
-Quantum computing supplier PsiQuantum has secured $1 billion in Series E funding, to achieve a $7 billion valuation. The round was led by BlackRock, with participation from Temasek, Baillie Gifford and NVIDIA's Nventures.
The extra money will be used for the construction of utility-scale quantum computing facilities in Brisbane and Chicago.
The company manufactures quantum photonic chips at GlobalFoundries' New York fab, and Barium Titanate (BTO) wafers at its California facilities.
-London-based security startup Geordie has emerged from stealth, with £4.4m in seed funding to address a growing enterprise concern around the safe deployment of autonomous AI agents.
The firm is offering an “agent native” security platform. The round was co-led by Ten Eleven Ventures and General Catalyst, with participation from angel investors. The new funding, said Geordie, will support engineering team expansion and speedier product development.
Geordie was founded earlier this year by former Darktrace and Snyk executives.
-Accenture has acquired IAMConcepts, a privately-held Canadian company specialising in identity and access management (IAM) services. The acquisition will bolster Accenture’s ability to deliver advanced IAM solutions across key critical infrastructure industries, such as financial services, power utilities, mining and transportation.
Headquartered in Toronto, IAMConcepts provides end-to-end IAM services, including Identity Governance and Administration, Privileged Access Management, and Customer Identity and Access Management.
The company serves some of Canada’s largest banks, along with leading insurance companies, and higher education and critical infrastructure organisations.
The acquisition is the latest in a series of strategic moves by Accenture to expand its cybersecurity capabilities and solutions. Since 2015, Accenture has made 22 acquisitions in the cybersecurity sector, including most recently, CyberCX, Morphus and MNEMO Mexico.
-AegisAI, a cybersecurity startup founded by former Google Safe Browsing and reCAPTCHA leaders Cy Khormaee and Ryan Luo, has completed a $13m seeding round, to improve email security with autonomous AI agents that “eliminate” phishing, malware, and business email compromise (BEC) attacks before they reach user inboxes.
The company also claims it can reduce false positives “by up to 90%” when compared to traditional solutions.
The AegisAI platform integrates “seamlessly” with Microsoft 365 and Google Workspace via API deployment. “Unlike traditional rule-based gateways, our AI agents continuously learn from real-world adversarial behaviour, and share threat intelligence across organisations, enabling rapid detection and remediation of emerging phishing, spoofing, and executive impersonation tactics,” said AegisAI.
The seed funding was led by Accel and Foundation Capital. The funding will “accelerate” product development, expand the engineering team, and support go-to-market efforts.
-Arrow Electronics has signed a distribution agreement with Cohesity, to deliver its data management and protection solutions to the UK market.
The new agreement will provide channel partners in the UK access to the Cohesity Data Cloud, a platform designed to help organisations improve their cyber resilience with modern data backup and recovery workflows across cloud and on-premises environments, while harnessing insights from that data.
Cohesity’s platform offers a unified approach to data security and management, that includes immutability, replication, backup, “rapid cyber recovery”, archiving, and zero-trust capabilities - all managed through a real-time, AI-enabled dashboard.
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