August 15, 2022
Photo: Steven McDowell/Science Photo Library/Getty Images
Hello and welcome to Protocol Enterprise! Today: why the U.S. Commerce Department took action against exports of a critical type of software to China, Thoma Bravo goes shopping again and the latest fundraising activity in enterprise tech.
The U.S. Commerce Department has implemented an export control on advanced chip design software that’s necessary to produce next-generation processors, expanding on existing controls that target chipmaking tools with the goal of hampering Chinese efforts to build the most-complex chips domestically.
The new export restrictions target electronic design automation, or EDA, software produced by the likes of Cadence and Synopsys.
The Commerce Department issued the new rule Friday, though Protocol first reported on the pending plan to block advanced EDA software exports earlier this month.
In addition to blocking advanced design software, officials said the U.S. would restrict gallium oxide and diamond, materials that are used to make chips work under extreme temperature or energy conditions that are often useful for the military.
How cybercrime is going small time: Cybercrime is often thought of on a relatively large scale. Massive breaches lead to painful financial losses, bankrupting companies and causing untold embarrassment, splashed across the front pages of news websites worldwide.
CleverTap raised $105 million for its employee engagement and retention software.
Geek+ raised $100 million to build software for warehouse robotics.
Thoma Bravo is reportedly looking to add another enterprise tech company to its massive portfolio, kicking off talks with cybersecurity company Darktrace according to Reuters.
Signal users were urged to activate the “registration lock” feature on the secure communications app to deter problems stemming from the Twilio hack.
How cybercrime is going small time: People have been swindled since before man created monetary systems. These aren’t new crimes; just new ways to commit them. But as cybercrime increasingly goes small-time, those on the front lines will need new and more effective ways to fight it.
Thanks for reading — see you tomorrow!