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The software industry has undergone a dramatic reset—erasing nearly $2 trillion in public equity value—as investors grapple with the implications of AI. But is this a true disruption story, or a misreading of where value will ultimately accrue?

Censys, the trusted authority for Internet intelligence and insights, today announced its Series D funding round led by Morgan Stanley Expansion Capital, with participation from Decibel Partners, Greylock Partners, GV, Intel Capital, and others.

Cyber attacks are becoming more frequent, sophisticated and costly as digitalisation accelerates and AI reshapes the threat landscape. For companies across sectors, cyber resilience is now a core risk management priority. How can investors assess whether companies are prepared? The International Equity Team explores the evolving cybersecurity landscape and the framework it uses to evaluate corporate preparedness.