Techmeme: Darktrace says it plans to invest $200M in the US in 2026, up 11% YoY, as part of a push to surpass $1B in revenue and grow its US sales to 50% of its revenue (Kieran Smith/Financial Times)

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August 3, 2025, 9:35 AM

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Allie Garfinkle / Fortune:

The Marin Community Foundation sold 13.4M+ Figma shares for $440M+ in the IPO; source: the foundation had received the shares from Figma co-founder Evan Wallace — As Figma went public this week to much fanfare—and an almost instantaneous 250% stock pop—quite a few folks from Silicon Valley made money.

X: @ajs

Anthony Ha / TechCrunch:

Lina Khan cites Figma IPO as vindication of M&A scrutiny, saying letting startups grow independently, rather than be acquired, can generate “enormous value” — A surprising figure is celebrating Figma's successful IPO: Lina Khan, former chair of the Federal Trade Commission.

More: Business Insider and Wall Street Journal

Mastodon: @SuffolkLITLab@esq.social. X: @linamkhan, @asglidden, @pascalthibeault, @negrolibre1, @balajis, @krishnanrohit, @silvermanjacob, @krishnanrohit, @adityaag, @matthewstoller, and @balajis. LinkedIn: Yuliya Chernova. Forums: Hacker News

Kieran Smith / Financial Times:

Darktrace says it plans to invest $200M in the US in 2026, up 11% YoY, as part of a push to surpass $1B in revenue and grow its US sales to 50% of its revenue — UK-based cyber security group steps up investment plans following takeover by US private equity firm Thoma Bravo

Emily Baker-White / Forbes:

A profile of Rumble founder Chris Pavlovski, who declined an offer to become CEO of Truth Social and opted to provide services to the platform through Rumble — Before he helped run Truth Social, Chris Pavlovski owned porn domains. Now, he's allied with a political movement that wants to ban pornography.

Zack Abrams / The Block:

Arkham Intelligence claims to have uncovered a previously undisclosed heist of 127,426 BTC, now worth ~$14.5B, from Chinese mining pool LuBian in December 2020 — - Blockchain analytics platform Arkham Intelligence claims to have uncovered a heist of 127,426 BTC, now worth nearly $14.5 billion, from a Chinese mining pool in 2020.

More: Crypto Briefing, Arkham, Bitcoin Insider, Blockchain News, Cryptonews, Arkham, Blockchain.News, Coinspeaker, Cointelegraph, CoinDesk, CoinGape, and BeInCrypto

X: @arkham and @arkham

Wall Street Journal:

Sources: the researcher who declined Zuckerberg's offer of a $1.5B+ package over six years is Thinking Machines co-founder and ex-Meta staffer Andrew Tulloch — The loyalties and larger-than-life figures prompting some people to turn down insanely lucrative offers in Silicon Valley right now

More: Moneycontrol, Spyglass, Financial Express, Times of India, and Livemint

Bluesky: @rightardia. Mastodon: @jackhutton@mstdn.social. Threads: @tomwarrenuk. X: @kyliebytes, @asynccollab, @yuchenj_uw, @dorialexander, @object_zero_, @__paleologo, @kyliebytes, and @nearlydaniel

Forums: r/singularity, r/technology, and r/usyd

Himanshi Lohchab / The Economic Times:

Xpheno: Meta, Amazon, Apple, Microsoft, Netflix, Google, and their affiliates grew their combined India headcount by 16% over the past year, adding 28K+ jobs — Despite global layoffs, FAAMNG companies are expanding their India headcount, growing by 16% in the past year, driven by demand for AI, cloud, and cybersecurity skills.

More: Times of India. X: @ettech, @ettech, and @ettech

Kai Schultz / Bloomberg:

Internal documents and sources detail how Cambodia's Huione Group supercharged the growth of Asia's cyberscam industry into a multi-billion dollar behemoth — The US Treasury says this Cambodian conglomerate has laundered at least $4 billion for clients including North Korean hackers and transnational crime groups.

Bloomberg:

Thoma Bravo agrees to acquire a stake in Chicago-based Trading Technologies, sources say the deal values the capital markets industry SaaS provider at over $1B — Buyout firm Thoma Bravo has agreed to acquire a stake in Trading Technologies International Inc. in a transaction valued at more than $1 billion …

More: Trading Technologies and Finextra

Debby Wu / Bloomberg:

Foxconn partners with Taiwan-based Teco for AI servers and other AI data center hardware, taking a 10% stake, while Teco gets a less than 1% stake in Foxconn — Hon Hai Precision Industry Co. formed a strategic alliance with Teco Electric & Machinery Co., a pact that should help …

Bloomberg:

Cinven acquires a majority stake in Smart Communications from Accel-KKR; sources: the deal values the customer conversations platform at ~$1.8B including debt — Cinven has acquired a majority stake in UK technology firm Smart Communications from investment firm Accel-KKR.

More: Smart Communications

Salvador Rodriguez / CNBC:

An in-depth look at the rise of relationships between humans and AI companion chatbots on apps like Nomi, coinciding with a loneliness epidemic in the US — Nikolai Daskalov lives alone in a small house in rural Virginia. His preferred spot is a brown suede recliner in the middle …

X: @justalexoki, @helentheauthor, @stardustbunney, @drjenwolkin, and @dburgar

Forums: r/technews, r/Futurology, r/singularity, and r/technology

Nina Bambysheva / Forbes:

A profile of Robinhood CEO Vlad Tenev, whose personal fortune has surged 6x over the past year to $6.1B, as the company leans into tokenized stock derivatives — First Vlad Tenev blew up the brokerage industry's fee model. Now, thanks in part to his full-on crypto embrace …

X: @vladtenev and @ninabambysheva

Felix Tam / Bloomberg:

Shares of Hong Kong-listed Chinese chipmaker InnoScience closed up 31% on August 1, after Nvidia named the company as a supplier for its 800V HVDC architecture — Chinese chipmaker InnoScience Suzhou Technology Holding Co. closed up 31% in Hong Kong on Friday after it was identified by Nvidia Corp. as a supplier.

More: Semiconductor Today, Security Affairs, and Notebookcheck. Forums: r/technews

Anne VanderMey / Bloomberg:

How VCs are changing the way people learn about the tech industry, through a sprawling media ecosystem consisting of podcasts, newsletters, and streaming shows — Podcasts hosted by venture capitalists set the narrative in tech, changing the way that insiders—and everyone else—learn about the world of startups.

Bluesky: @peark.es. X: @sarthakgh and @titanypw

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