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Sola Security, a cybersecurity firm focused on democratising security solutions, has emerged from stealth with a $30m seed funding round.The funding was led by S Capital and veteran investor Michael Moritz, with additional backing from S32, Glilot Capital Partners, and prominent angel investors.Founded in 2024 by cybersecurity experts Guy Flechter, former CEO and co-founder of Cider Security, and Ron Peled, former global CISO of LivePerson, Sola Security aims to revolutionise the way security teams build and manage their defences. The company’s AI-driven, no-code platform allows organisations to create and customise security tools without requiring extensive technical expertise or dedicated engineering…

PARIS (AP) — By all logic, Chanel should be floundering. A global juggernaut without a captain, the house has been in a state of limbo since the abrupt departure of Virginie Viard, drifting toward an uncertain horizon while awaiting the arrival of Matthieu Blazy in the fall.Yet against all odds, inside the majestic Grand Palais, Chanel did what it has done for a century: endure. And not just endure — dazzle. The VIP-filled fall show on Tuesday unfolded beneath a colossal swirling black ribbon, an audacious centerpiece that coiled toward the ceiling, defiant and theatrical. It was a collection that…

PARIS (AP) — At Miu Miu, the little sister brand of Miuccia Prada, the feminine wasn’t just celebrated — it was deconstructed, reconfigured and worn with a wink.The starry Paris Fashion Week collection on Tuesday took the very idea of womanhood and turned it into a conversation starter, one silk-knit bias cut at a time.And what a crowd to witness it. A$AP Rocky, perched in the front row in a nonchalant slouch, soaked in the scene, while Sydney Sweeney, swathed in Miu Miu’s latest ode to femininity, radiated old Hollywood meets modern mischief.Prada, known for casting both models and Hollywood…

Hawcx, a cybersecurity startup focused on passwordless authentication, has raised $3m in a pre-seed funding round.The investment was led by Silicon Valley venture capital firm Engineering Capital, with additional backing from seed-stage investor Boldcap.The company is tackling the persistent security vulnerabilities associated with passwords, which are responsible for over 86% of global data breaches, according to a report from Google. Hawcx’s authentication platform offers seamless security integration using just five lines of code, enabling businesses to enhance user protection while simplifying the login experience. Founded in 2023 by Riya Shanmugam, Selva Kumaraswamy, and Ravi Ramaraju, Hawcx emerged from stealth in…

BOSTON (AP) — A federal judge in Boston on Tuesday blocked the Trump administration’s plan to cut hundreds of millions of dollars for teacher training, finding that cuts are already affecting training programs aimed at addressing a nationwide teacher shortage. U.S. District Judge Myong Joun sided with the eight states that had requested a temporary restraining order. The states argued the cuts were likely driven by efforts from President Donald Trump’s administration to eliminate diversity, equity and inclusion programs.Trump, a Republican, has said he wants to dismantle the Education Department, and his administration has already started overhauling much of its…

Ahead of a May deadline to lock in guidance for providers of general purpose AI (GPAI) models on complying with provisions of the EU AI Act that apply to Big AI, a third draft of the Code of Practice was published on Tuesday. The Code has been in formulation since last year, and this draft is expected to be the last revision round before the guidelines are finalized in the coming months. A website has also been launched with the aim of boosting the Code’s accessibility. Written feedback on the latest draft should be submitted by March 30, 2025. The…

Alkami, a provider of cloud-based digital banking solutions for financial institutions, has announced the pricing of a $300m convertible senior notes offering.The company has also granted initial purchasers an option to buy up to an additional $45m in notes within 13 days of issuance.The notes, maturing on 15 March 2030, will bear an interest rate of 1.50% per annum, payable semi-annually in arrears starting on 15 September 2025. Before 15 November 2029, conversions can only occur under specific conditions, while after this date, noteholders can convert at any time before maturity.The initial conversion rate has been set at 30.4681 shares…

US President Donald Trump has announced he will double planned tariffs on Canadian steel and aluminium imports to 50 percent, escalating a trade war with the United States’s northern neighbour. In a social media post on Tuesday morning, Trump said the increased tariffs come in response to a decision by the province of Ontario to put a 25-percent surcharge on electricity exports to some US states. He said the increased tariffs on steel and aluminium would come into effect on Wednesday. “The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make…

It’s no secret that AI has eaten the lion’s share of funding over the past couple of years, with investments into the sector surging 62% to $110 billion in 2024 alone, while startup funding overall declined 12%.  Startups may think that just adding “AI” to their company’s name might help them secure that funding. But as the frenzy around foundation models has given way to a focus on real-world applications, AI agents, and long-term profitability, investors are seeking startups that can turn technical ingenuity into sustained traction.  At TechCrunch Sessions: AI, happening on June 5 in Zellerbach Hall at UC…

Harmony Intelligence, an AI cybersecurity company, has secured $3m in seed funding to advance its AI-driven cyber defence technologies.The funding round was led by Airtree Ventures, with participation from over 30 strategic investors, including First Row Partners, Maxwell Capital, Eric Ries, the CEO of Adept AI, the former CTO of Plaid, and Canva’s head of global AI policy.Harmony Intelligence specialises in cybersecurity solutions designed to counteract the growing threat of AI-powered cyberattacks. The company has worked as a trusted safety evaluator for leading AI labs and government institutions, contributing to the testing of frontier models in cybersecurity and autonomy. Its…