Maria Deutscher
Latest from Maria Deutscher
Anthropic closes $30B round after annualized revenue tops $14B
Six months after closing a $13 billion investment, Anthropic PBC today announced that it has raised an additional $30 billion at a $380 billion valuation. Singapore’s GIC sovereign wealth fund and Coatue led the round. They were joined by more than 30 other backers including Nvidia Corp. and Microsoft Corp. This past November, the two ...
Check Point announces three startup acquisitions after mixed quarter
Check Point Software Technologies Ltd. has acquired three venture-backed startups to enhance its cybersecurity capabilities. The company announced the deals, which are reportedly worth $150 million, today in conjunction with the release of its earnings report. Check Point significantly exceeded profit expectations but its sales missed the consensus estimate by a hair. The company’s share ...
GlobalFoundries shares soar 16% on strong quarterly results, guidance
GlobalFoundries Inc.’s shares closed 16% higher today after the chipmaker posted fourth-quarter results that topped the consensus estimate. The company’s forecast also surpassed expectations. Another likely contributor to its share price gains is that it announced a $500 million share buyback program in conjunction with the results. Malta, New York-based GlobalFoundries makes chips using legacy ...
Fusion power startup Inertia raises $450M round backed by GV
Startup Inertia Enterprises Inc. today announced that it has raised $450 million in funding to build a laser-powered fusion reactor. Bessemer Venture Partners led the round. It was joined by Alphabet Inc.’s GV fund, Modern Capital, Threshold Ventures and others. Inertia was launched last year by former Twilio Inc. Chief Executive Jeff Lawson (pictured, center). ...
Photonic AI chip startup Olix nabs $220M investment
Olix Computing Ltd., a startup developing an artificial intelligence chip with integrated optical components, has raised $220 million in funding. The Financial Times reported today that the investment was led by Belgian venture capital firm Hummingbird Ventures. The deal values U.K.-based Olix Computing at over $1 billion. The company previously raised an undisclosed amount of ...
Report: AI model compression startup Multiverse seeking €500M funding round
Multiverse Computing SL, a startup with technology that reduces the hardware footprint of artificial intelligence models, is reportedly raising new capital. Sources told Bloomberg today the Spanish company is seeking €500 million, or about $594.4 million. The round is expected to value Multiverse at €1.5 billion. The report comes about eight months after the software ...
Entire launches with $60M to build an AI-focused code management platform
Entire Inc., a startup led by former GitHub Chief Executive Thomas Dohmke, launched today with $60 million in funding. Felicis led the seed round with participation from Microsoft Corp.’s M12 fund, Madrona and other venture capital firms. They were joined by several prominent angel investors. The group included Datadog Inc. CEO Olivier Pomel, Y Combinator ...
World model startup Runway closes $315M funding round
Runway AI Inc. today announced that it has closed a $315 million funding round backed by Nvidia Corp. and AMD Ventures. The lead investor was General Atlantic, which was also the biggest contributor to the company’s previous raise last April. That round reportedly valued Runway at over $3 billion. TechCrunch cited a source as saying ...
OpenAI starts displaying ads to some ChatGPT users in the US
OpenAI Group PBC today started showing ads to some ChatGPT users in the U.S. The move comes a month after the company announced plans to display paid content. At the time, OpenAI stated that it would test a limited number of ad formats and collect feedback to lay the groundwork for a broader rollout. According to ...
Workday stock drops 5%+ after CEO Carl Eschenbach steps down
Workday Inc. today announced that Carl Eschenbach has stepped down from his role as chief executive officer and executive chair. Shares of the company declined more than 5% on the news. The drop came amid a broader selloff in enterprise stocks, which began last week after Anthropic PBC introduced an artificial intelligence tool for automating ...