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Cyber firm Arctic Wolf raises $401M in debt, eyeing a potential IPO

TechCrunch

billion), funding to VC-backed cybersecurity startups isn’t on pace to hit last year’s high (over $23 billion). “In a turbulent economic environment, security will remain a top priority for companies. ” Artic Wolf’s embrace of debt comes as the broader VC market slows down. raised close to $15.9

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Even well-funded fintech companies are laying off workers

TechCrunch

Schulman added: “Over the past year, we made significant progress in strengthening and reshaping our company to address the challenging macro-economic environment…While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do.