The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.
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Isis Wu, its president of global residential fire & safety, adds, "In the case of a fire, it'll send you an alert and it'll ask you to confirm before you call out the fire department."
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Handling data in streams is fundamental to how we build applications. To make streaming work everywhere, the WHATWG Streams Standard (informally known as "Web streams") was designed to establish a common API to work across browsers and servers. It shipped in browsers, was adopted by Cloudflare Workers, Node.js, Deno, and Bun, and became the foundation for APIs like fetch(). It's a significant undertaking, and the people who designed it were solving hard problems with the constraints and tools they had at the time.