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Datadog recently made an offer to acquire cloud cybersecurity startup Upwind Security for nearly $4 billion. Upwind, which hasn't accepted the bid, is finalizing a $300 million financing round at a $3.8 billion value. Datadog shares fell 5.1% following the report.
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Summary by ByteBrief
Sources: Nuvacore, a six-month-old Sequoia-backed chip startup that's designing a new central processor for data centers, is raising funds at a ~$2.5B valuation (Reuters)
Thoma Bravo-owned cybersecurity company Proofpoint plans to buy data security firm Varonis Systems in an all-cash deal valued at about $6.3B (Jaspreet Singh/Reuters)
Stripe Acquires OpenRouter for $7.5 Billion