Alwaleed Philanthropies donating $1m for Sri Lanka flood relief

A boy carries water bottles near a flood affected area near Colombo. (AP)
Updated 24 May 2016
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Alwaleed Philanthropies donating $1m for Sri Lanka flood relief

RIYADH: Alwaleed Philanthropies (AP), chaired by Prince Alwaleed bin Talal, is donating $1 million to provide support to those affected by the recent floods and landslides that have caused devastation in Sri Lanka.
The announcement comes as delegates from 175 countries gather in Istanbul today for the opening of the first ever World Humanitarian Summit.
At the summit, global leaders are discussing how to effectively respond to major humanitarian challenges like the one in Sri Lanka, and how to be better prepared to meet challenges of the future.
The disaster in Sri Lanka has claimed the lives of dozens of people, with hundreds of thousands displaced from their homes.
Though Sri Lanka frequently experiences severe monsoons and flooding, this year’s devastation was unusually fierce for so early in the rainy season.
 AP’s funds will be used to provide vital relief to victims of the disaster, through the foundation’s partnerships with the UN World Food Programme, Habitat for Humanity and International Medical Corps.
The UN World Food Programme is the world’s largest humanitarian agency fighting hunger worldwide. In emergencies, it gets food to where it is needed, saving the lives of victims of war, civil conflict and natural disasters. After the cause of an emergency has passed, it uses food to help communities rebuild their lives.
Habitat for Humanity works with the poorest and the most vulnerable to help provide them with a decent place to call home and the opportunity for a life built on hope and potential, self-reliance and dignity.
International Medical Corps works to relieve the suffering of those impacted by war, natural disaster and disease by delivering vital health care services that focus on training, helping devastated populations return to self-reliance.
 “This crisis reinforces just how important this week’s discussions are at the World Humanitarian Summit. One of the core aims of the Summit is to enable countries and communities to better prepare for and respond to crises just like this one in Sri Lanka,” said Nauf Al-Rawaf, executive manager of Global Initiatives at AP.
For over 35 years, Alwaleed Philanthropies has supported and initiated projects in over 120 countries regardless of gender, race, or religion.
Alwaleed Philanthropies collaborates with a range of philanthropic, governmental and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding through education.


CrowdStrike said to hire Goldman Sachs to lead IPO

Updated 20 October 2018
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CrowdStrike said to hire Goldman Sachs to lead IPO

  • IPO could come in first half of next year
  • CrowdStrike raised $200 million in June

NEW YORK: Cybersecurity software maker CrowdStrike Inc. has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.
CrowdStrike is aiming to be valued more than the $3 billion funding round assigned to it earlier this year, the sources added.
CrowdStrike’s IPO plans could still change, the sources cautioned, asking not to be identified because the matter is confidential.
CrowdStrike and Goldman Sachs declined to comment.
Sunnyvale, California-based CrowdStrike raised $200 million in June led by investors General Atlantic, Accel and IVP. Other major backers include CapitalG, an investment arm of Google’s parent company Alphabet Inc. and Warburg Pincus.
CrowdStrike uses artificial intelligence for its Falcon platform to prevent attacks on computers on or off the network.
CrowdStrike is trying to stand out from the hundreds of security startups that have sprouted in recent years, promising next-generation technologies to fight cyber criminals, government spies and hacker activists, who have plagued some of the world’s biggest corporations.
The recent crop of publicly listed cybersecurity companies have had a mixed stock performance. Zscaler Inc. went public in the spring and is trading 125 percent above its IPO price. Tenable Holdings Inc. is worth about 25 percent more than its IPO price. Carbon Black shares have been trading below their IPO price.
CrowdStrike was founded in 2012 by two executives who left security software maker McAfee, including George Kurtz, the startup’s chief executive.