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Elastic Acquires Endgame For $234 Million

Elastic -- a publicly traded company that builds custom search solutions for enterprises -- has announced it's acquiring cyber-security startup Endgame in an all-stock deal worth $234 million. The acquisition is subject to customary adjustments. Endgame has raised $111 million in total funding according to Crunchbase data. The $234 million acquisition price is a near 50% discount to a previous $465 million valuation (Pitchbook data).

Endgame's backers include Kleiner Perkins, Bessemer Venture Partners, Columbia Capital, Edgemore Capital, Savano Capital Partners and Paladin Capital Group. The Arlington, Virgina-based security startup's customers include the U.S. military and some Fortune 500 companies.


Elastic says the addition of Endgame will further advance its ability to offer a comprehensive security solution that's integrated with its own security information and event management (SIEM) products. "....By joining forces with Elastic, we will be able to take ou…

The Audi PB 18 e-tron concept car packs a sleek design and ultimate performance

Audi

At the recently concluded Monterey Car Week event, German auto giant and consumer darling Audi took to the state with a new concept vehicle, The all-electric Audi PB 18 e-tron which represents a sweeping vision for the high-performance sports car of tomorrow with its stylish and sleek design grabbing eyeballs and indicating Audi's aim to push boundaries.



The car's concept and existing lines were crafted Audi's Malibu design studio, The location where its designs are consistently updated for the future with its technical concept benefiting from Audi's many years of taking the trophy at the Le Mans racing series.

Audi




Experts at Audi Sport GmbH, Audi's high performance subsidiary is responsible for its implementation bringing a unique vehicle whose “PB 18 e-tron” abbreviated name refers both to the Pebble Beach venue used for its unveil and the technological DNA it shares with the successful LMP1 racing car Audi R18 e-tron.

Gael Buzyn who heads Audi's Malibu design loft states on the car “We want to offer the driver an experience that is otherwise available only in a racing car like the Audi R18. That’s why we developed the interior around the ideal driver’s position in the center. Nevertheless, our aim was to also give the PB 18 e-tron a high degree of everyday usability, not just for the driver, but also for a potential passenger.”

Audi

The new vehicle's build consist of a mix of aluminum, carbon and multi-material composites which ensures the body has a low basic weight coupled with an innovative and comparatively light solid-state battery which outputs a total weight of less than 1,550 kg (3,417.2 lb) expected for the vehicle.

Measuring 4.53 meters long, 2 meters wide and just 1.15 meters tall, This dimensions speaks of a polished and seamlessly designed vehicle aimed for consumers with its wheelbase measuring 2.70 meters (8.9 ft) while its overhangs stay compact.

Audi

With Audi putting more efforts into its electric vehicle operations, This stands as one of the indications of progress in the space even as reservations for its e-tron first all electric SUV come soon.

The PB 18 e-tron is an notable addition to Audi's vehicle concepts marking a milestone for its auto efforts as Audi's concept unveils set to debut in future time.


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