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RiskIQ, a startup providing application security, risk assessment and vulnerability management services, has added National Grid Partners as a strategic investor.
The funding from the investment arm of National Grid, a multinational energy provider, is part of a $15 million new round of financing designed to take the company’s technology into critical industrial infrastructure — with National Grid as a point of entry.
More than 6,000 companies use the company’s services, and the roster list and technology on offer has attracted some of the biggest names in investing, including Summit Partners, Battery Ventures, Georgian Partners and MassMutual Ventures.
“We view NGP’s show of support as an incredible opportunity to help customers in new markets thrive as their attack surfaces expand outside the firewall, especially now amid the COVID-19 pandemic,” RiskIQ chief executive Lou Manousos said in a statement.
RiskIQ has spent the past 10 years spidering the internet looking for all of the exploits that hackers use to penetrate networks and have built that into a database of threats. This inventory gives the company an ability to identify which assets within a company present the most obvious threats. Its automated services constantly scan third-party code, internet-connected devices and mobile applications for potential vulnerabilities, the company said.
“As a staple platform in their core security environment, our cyber threat analysts use RiskIQ regularly to enrich and identify incoming threats,” said Lisa Lambert, president of National Grid Partners and chief technology and innovation officer of National Grid, in a statement.
National Grid’s investment is a piece of a deeper partnership that will see NGP providing strategic advice for the security company as it looks to expand its commercial operations among industrial and utility customers.
Epic Games has delayed Fortnite’s next in-game live event and the start of the game’s next season due to widespread outrage over the death of George Floyd and ongoing police brutality in response to protests around the country. The in-game live event, titled “The Device,” will now take place on June 15th. The next season, called Chapter 2 Season 3, will begin on June 17th.
“We’re acutely aware of the pain our friends, families, team members, players, and communities are experiencing,” Epic said in a blog post. “We believe in equality and justice, diversity and inclusion, and that these fundamentals are above politics. The team is eager to move Fortnite forward, but we need to balance the Season 3 launch with time for the team to focus on...
In an advance towards conquering covid-19, doctors in Michigan say an antibody drug may sharply cut the chance patients on a ventilator will die.
The problem: The pandemic viral disease is infecting millions and for those who end up on a ventilator in an ICU, the odds are grim. More than half are dying.
The drug: Doctors at the University of Michigan set out to control the haywire immune reaction that pushes some covid-19 patients into a death spiral. To do it, they gave 78 patients on ventilators the drug tocilizumab, which blocks IL-6, a molecule in the body that sets off a reacting to an infection. (The drug is sold by Roche under the tradename Acterma.)
The result: The doctors say in a preprint that patients who got the drug were 45% less likely to die than those who didn’t. But there’s a big caveat to the result, which is that the doctors knew which patients got the drug, and which didn’t. Their picks could have been biased— people more likely to improve anyway, for example—so further studies are needed.
Emerging cocktail: In late May, Roche said it would start a trial to combine its IL-6 blocker combined with remdesivir, an antiviral drug with modest benefits that got emergency approval in the US for treating covid-19. That drug is meant to block the virus from replicating.
By combining the two drugs, doctors may be closing in on a cocktail able to cut the death rate from the virus, a step that would help society return to normal.