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AI & Enterprise

AI costs rise, boosting startups that optimize AI spending

PointFive, a startup that optimises AI cloud costs, has raised $60 million in a funding round led by Accel, the Wall Street Journal reported. The company was valued at about $500 million. Founded in 2023, PointFive helps companies identify and reduce unnecessary AI-related cloud spending and suggests cost-cutting steps such as using cheaper AI models. CEO Alon Arvatz said waste can reach millions of dollars annually at large firms.

AI & Enterprise

CrowdStrike CEO says AI boom a tailwind for cybersecurity, confident on full-year results

CrowdStrike expects security demand to rise as AI-driven threats spread, and it raised annual guidance after reporting results above market expectations. CEO George Kurtz said companies are becoming more wary of AI-based cyber threats and that the trend should translate into revenue growth over the next several quarters. He said investor expectations around the Mithos scenario were premature, and highlighted an improved full-year net new ARR outlook and a surge in AI detection and response sales pipeline.

AI & Enterprise

Zscaler shares plunge more than 30 percent in a day after weaker guidance

Shares of cybersecurity firm Zscaler fell more than 30 percent on May 27, the report said, after the company issued guidance that fell short of expectations despite quarterly results beating forecasts. Zscaler projected fiscal 2027 annual recurring revenue growth of 16 to 17 percent year on year, below StreetAccount estimates, and gave quarterly revenue guidance of $875 million to $878 million, slightly under FactSet’s forecast.