Innovation Insider - Presented by DoneStreet - October 8, 2024
Welcome to the inaugural issue of Innovation Insider – Presented by DoneStreet. It’s a tech industry newsletter with a focus on software development and hiring.
Tech moves quickly and a lot happens every week. Our mission is to deliver important and interesting news and updates from around the world weekly. Stories that entertain as well as keep you ahead of the competition. Our goal is to spark curiosity and innovation while sharing valuable insights into patterns and shifts within the industry. Value creation from us to you in a succinct, digestible manner.
Let’s jump right in.
Funding
Poolside closed a $500M Series B round led by Bain Capital Ventures. The new round values the startup at $3 billion. Poolside is a startup building the next generation of AI tooling for software engineering and is competing against other notable entrants such as Magic and Codeium. Will the industry revolutionize the way teams reach software engineering milestones or is the hype oversold? Read the full story here.
Impulse Space, a space startup, secured a $150M Series B round led by Founders Fund. Impulse Space develops orbital maneuvering vehicles for last-mile cargo delivery and flew it’s first mission in the past year, with a Mira vehicle carrying and deploying a small satellite in a flight. CEO and CTO of Impulse Space Thomas Mueller referred to it as “probably the most successful orbital transfer vehicle debut in history.” It seems there will be a lot of opportunities and a lot of funding flowing into the space industry over the next few years. Read the full story here.
For more funding announcements, check out Crunchbase funding announcements.
Acquisitions / Mergers
The Tor Project Merges with TailsOS
Privacy advocates will be interested to know that The Tor Project has merged with Tails, a linux based portable amnesic OS focussed on privacy. As detailed in a blog post shared on The Tor Project’s website, The merge comes as a move to pool resources and better serve a global community to counter the threat of global mass surveillance, a war on privacy, and attempts to stifle end-to-end encryption. Read the full story here
Security
HR Departments the Targets of Malware Pretending to be Job Applicants
HR departments are the targets of a sneaky new form of malware that is being downloaded under the guise of fake job applications. A spear-fishing email campaign has been targeting recruiters with a JavaScript backdoor called More_eggs. More_eggs, sold as malware-as-a-service (MaaS) is software that comes with capabilities to siphon credentials, including those related to online bank accounts, email accounts, and IT administrator accounts. Essentially, recruiters download what they presume is a resume from a interested job applicant, however, it’s actually malware that has now infected their systems. Read the full story here.
New E-Guide on How to Take Actionable Steps to Prevent Generative AI Data Leaks
Layer X has put together a new e-guide called 5 Actionable Steps to Prevent GenAI Data Leakage Without Completely Blocking GenAI. It’s designed to help organizations navigate the challenges of GenAI usage in the workplace and strike a balance between security and innovation. Read the fully story here.
Resource of the week
PrivacyIndex is a non-exhaustive, work in progress archive of threats, tools and topics to help you stay private online. PrivacyIndex exists to give you a broad overview of the tools available, the topics that may be important to you, and the threats that may arise. In privacy there is no one fits all, so it’s best to take recommendations and then decide for yourself what the best solution for you is.
Product of the week
RepoCloud.io. One click deployments at half the cost of major cloud hosts. RepoCloud.io simplifies cloud hosting with one-click deployments for over 200 popular open-source SaaS alternatives. Harness the power of elastic autoscaling and pay-as-you-go hourly pricing—at half the cost of major cloud providers. See their announcement here.
Developer Profiles of the Week
Felipe is a senior software engineer based in Sao Paulo, Brazil. He has a BSc in Computer Science and he has over 12 years of professional experience. Felipe’s primary technical stack is React / Python (Django) and Java. He also has a bit of NodeJS experience. Felipe performed very well in our technical screening process and would be a great addition to a team in need of a react / python engineer.
Jefferson is an intermediate / senior NodeJS developer with some DevOps experience. Jefferson is based in Brazil and has 10 years of professional experience. Most recently, Jefferson has been working with NodeJS, TypeScript and Nest.JS over the last 5 years. Jefferson impressed our technical screening team with his problem solving abilities and ability to communicate thought processes clearly.
Please email us at hiring@donestreet.com or contact us here to learn more about these talented developers and how you can bring them onto your team.
We hope you have found value in this newsletter. If you have not yet subscribed, please hit the subscribe button and let us know what types of content you’d like to see more of in the future.
Innovation Insider - Presented by DoneStreet - Building Teams That Build Success. Hire with confidence through DoneStreet.
Thanks for reading Innovation Insider - Presented by DoneStreet. Subscribe for free to receive new posts and stay connected.
