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10:41
Elastic has agreed to acquire AI-driven software vulnerability detection and remediation company Deductive for up to $85 million.BlockBeats News, June 19, According to TechCrunch citing a source familiar with the matter, the startup Deductive, which uses artificial intelligence to discover and fix software vulnerabilities, has agreed to be acquired by the enterprise software company Elastic, with the transaction amounting to as much as $85 million.
Deductive was founded in 2023 and made its public debut in November last year when it announced the completion of a $7.5 million seed round led by CRV, with participation from Databricks Ventures, Thomvest Ventures, and PrimeSet. According to PitchBook data, this funding round valued the company at $33 million. Elastic and Deductive did not respond to multiple requests for comment.
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10:34
Bank of Russia: Inflation risks increase due to the temporary decrease in automobile fuel productionThe Central Bank of Russia: Inflation risks rise due to a temporary decline in automobile fuel production
10:33
Bank of Russia: Will assess the necessity of further interest rate cuts at the upcoming meetingThe Central Bank of Russia: Will evaluate the need for further interest rate cuts at the upcoming meeting
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