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AI & Enterprise

Proofpoint to buy data security firm Varonis for $6.3 billion

Cybersecurity company Proofpoint has agreed to acquire data security firm Varonis Systems for about $6.3 billion in cash, SiliconANGLE reported on Oct. 15. Proofpoint will buy Varonis shares for $49.75 each, a 52 percent premium to the stock price before takeover speculation surfaced. Bloomberg had reported private equity interest in Varonis in June and said Proofpoint emerged as a negotiating party in early September.

AI & Enterprise

SambaNova seeks over $350 million funding with Intel backing

AI chip startup SambaNova is in talks to raise more than $350 million, with a report saying Intel plans to invest $150 million. Reuters reported the round is led by Vista Equity Partners and Qavam Capital is also expected to participate. The company’s SN40L chip is based on TSMC’s 5-nanometre process. SambaNova offers the SambaStack system and a managed service launched in July.