Search results for Menlo Ventures
Crypto
Bitwise CEO urges tech workers hit by AI layoffs to look to crypto industry
Bitwise CEO Hunter Horsley suggested that tech workers facing AI-driven restructuring consider moving into the cryptocurrency industry. He said the current turbulent market could offer opportunities for capable engineers and called for practical, problem-solving talent. The comments come amid broader Silicon Valley anxiety about automation’s impact on jobs and wealth. Traditional financial firms have posted crypto-related roles, while rising AI costs are also cited as adding pressure on hiring.
AI & Enterprise
Cisco formalises plan to acquire AI agent security startup Astrix
Cisco said on May 4 it plans to acquire Astrix Security, a startup specialising in security for non-human identities. Israeli media outlet Calcalist reported the deal size was about $400 million. Based in Tel Aviv, Astrix develops software that monitors AI agents and applies security controls. The company focuses on protecting digital access credentials such as API keys, service accounts and authentication tokens.
AI & Enterprise
Gimlet raises $80 million as it targets AI inference bottlenecks with multi-silicon inference cloud
Gimlet Labs, a startup focused on addressing AI inference bottlenecks, has raised $80 million in a Series A funding round, TechCrunch reported. The company has developed a multi-silicon inference cloud that can run AI workloads across different hardware at the same time. It combines traditional CPUs, AI-focused GPUs and high-capacity memory systems. Gimlet Labs said it can boost inference speed while keeping costs and power use unchanged.
