‘It Is A Huge, Vast, Opportunity’: How OceanGate Went from Disruptive Startup to Catastrophic Deep Sea Failure

Motherboard dug through years worth of OceanGate’s archives, finding a company that repeatedly brought up the commercial prospect of deep sea exploration while misleading the public about its claimed connections to respected government bodies and private Continue reading ‘It Is A Huge, Vast, Opportunity’: How OceanGate Went from Disruptive Startup to Catastrophic Deep Sea Failure

Inside the numbers of another big year for cyber mergers, acquisitions and investments

Sustained demand for cybersecurity services and continued innovation across the industry helped 2021 become a record-setting year for deals involving cyber companies, analysts say. The funding that flowed into cyber companies increased 136% over 2020 levels, to $29.3 billion, up from $12.4 billion the previous year, according to the executive summary of a report from Momentum Cyber, which advises cyber companies on mergers and acquisitions. Likewise, the total volume of mergers and acquisitions activity reached $77.5 billion, up 294% from calendar year 2020, according to the report. Several trends are driving those numbers, analysts and executives say: Companies across the economy have expanded their budgets for reliable cybersecurity services, boosting revenues for the industry. In turn, big investors — including private equity groups and venture capitalists — are following that money. And as cyberthreats increase in severity and complexity, smaller firms continue to develop valuable expertise in niche areas of […]

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