CrowdStrike outage hits Microsoft systems and reputation

AI2 Incubator spinout raises $2.1M | Smartsheet attracts private equity interest ADVERTISEMENT [GeekWire]( SPONSOR MESSAGE: Washington state’s second-largest city is the hub of an ambitious regional tech community seeking to leverage new realities to achieve its longstanding goals: [Read more.]( TODAY'S TOP STORIES A widespread outage of Windows systems Friday morning was caused by a bug in a software update from cybersecurity company CrowdStrike, but it was Microsoft that took much of the heat. Even as the company tried to set the record straight, the incident was emerging as the latest demonstration of the world’s reliance on Microsoft’s platforms, amid heightened scrutiny of the company's own cybersecurity problems. (Above: A monitor shows a Windows machine in recovery mode next to the Microsoft employee check-in at the Delta Airlines counter at Sea-Tac Airport on Friday.) [Read more](. Signify, a startup spun out of Seattle’s AI2 Incubator, raised $2.1 million to develop an AI-powered software platform to help manufacturers comply with regulations for their products. [Read more.]( How is the age of AI reshaping the landscape for entrepreneurs and investors alike? Amy McCullough and Yuval Neeman, managing directors of Seattle-area venture capital firm Trilogy Equity Partners, discuss their unique investment thesis, the qualities they look for in entrepreneurs, and the transformative impact of AI on the future of work. [Read more and listen to the Shift AI Podcast.]( Smartsheet has received buyout interest from private equity firms, according to a Reuters report. The Bellevue, Wash.-based software giant has a market capitalization of around $6.6 billion. [Read more.]( A new report about Helion Energy raises concerns about the secrecy around the science and operations at the Everett, Wash.-based company as it seeks to produce commercially viable fusion power. [Read more.]( Seattle biotech startup Bonum Therapeutics is moving into new offices near Seattle’s South Lake Union neighborhood as it plans to double headcount in pursuit of cancer-fighting immunotherapy treatments. [Read more.]( Hot Links: - Demand is down for software developers from the boom times of 2021-22 as companies are slower to hire and less willing to expand headcount. ([Axios]( - A major Xbox Live outage kept gamers from signing into accounts, downloading or playing online games for several hours. ([The Verge]( Thanks for subscribing to the GeekWire newsletter, and have a great weekend. — GeekWire editor Taylor Soper, taylor@geekwire.com; GeekWire co-founder Todd Bishop, todd@geekwire.com; and GeekWire reporter Kurt Schlosser, kurt@geekwire.com. SPONSOR MESSAGE [GeekWire on the Road: Spokane]( Washington state’s second-largest city is the hub of an ambitious regional tech community seeking to leverage new realities to achieve its longstanding goals, as GeekWire reports in this special series. [Read more.]( LATEST HEADLINES [‘A little frightening’: CrowdStrike outage puts Microsoft’s role in global IT back in the spotlight]( [Smartsheet reportedly attracting buyout interest from private equity firms]( [Seattle VCs invest in new startup using AI to help manufacturers with regulatory requirements]( [Shift AI: Investing in founders in the age of AI, with Trilogy’s Amy McCullough and Yuval Neeman]( [Bloomberg report questions science behind Altman-backed fusion company Helion]( [Seattle biotech startup Bonum upgrades offices, expands team in its pursuit of cancer drugs]( GEEKWORK: TODAY'S TECH JOBS - [INRIX: Senior Accountant]( - [INRIX: Chief Marketing Officer]( - [INRIX: Corporate Controller]( - [BRINC: Senior/Principal Backend & Platform Software Engineer]( - [Pioneer Square Labs: Principal]( - [BRINC: Content Writer]( - [BRINC: Senior/Principal Full-Stack Software Engineer]( - [INRIX: Senior Technical Program Manager]( - [Echodyne: Sr. Electrical Engineer – Analog & Mixed Signal]( - [INRIX: Software Development Engineer]( [FIND MORE JOBS ON GEEKWORK]( [HIRING? BUY A FEATURED LISTING TO APPEAR HERE]( [About GeekWire]( [Contact Us]( [Advertise]( Copyright © 2024 GeekWire LLC, All rights reserved. You are receiving this email because you opted to receive emails from GeekWire LLC.  Our mailing address is: GeekWire LLC 123 NW 36th St, Suite 203 Seattle, WA 98107  [change email frequency or address]( | [unsubscribe](