Maria Deutscher
Latest from Maria Deutscher
Samsung co-leads $60M funding round for chip interconnect startup Eliyan
Chip interconnect startup Eliyan Corp. today announced that it has secured $60 million in new funding from a group of prominent investors. Samsung Catalyst Fund and Tiger Global led the Series B round. They were joined by several other institutional backers, including Intel Capital and SK hynix Inc., one of the world’s largest memory chip ...
Report: GPU cloud operator CoreWeave seeking new funding at $16B valuation
CoreWeave Inc. is holding talks about a new funding round that could value it at $16 billion, Bloomberg reported today. That sum is more than double what the company was worth in December and would represent an eightfold increase over its April valuation. Bloomberg’s sources didn’t specify how much capital CoreWeave could raise or from ...
Apple reportedly cancels internal effort to develop custom microLED displays
Apple Inc. has reportedly canceled an internal effort to develop microLED screens, which offer better display quality than competing technologies and are less susceptible to certain malfunctions. Bloomberg reported the move today, citing people familiar with the matter. Apple reportedly scrapped the project around the same time it ended a long-running internal effort to design ...
Foundry launches with $80M in funding to build an AI-optimized public cloud
Foundry Technologies Inc., the operator of a cloud platform optimized for artificial intelligence workloads, launched today with $80 million in funding. Fortune reported that Lightspeed Venture Partners and Sequoia Capital led the investment. They were joined by more than a dozen other investors, including Microsoft Corp.’s venture capital arm, Google LLC Chief Scientist Jeff Dean ...
Microsoft debuts enterprise-focused Surface Pro 10 and Surface Laptop 6
Microsoft Corp. today debuted the Surface Pro 10 for Business and the Surface Laptop 6 for Business, the two latest additions to its line of enterprise-focused Windows computers. The devices feature not only improved specifications but also new software. Workers can use a preinstalled program, called the Windows App, to quickly log into virtual desktops ...
Redis acquires storage engine startup Speedb to enhance its open-source database
Redis Ltd. has acquired Speedb Ltd., the developer of a storage engine it uses to power its commercial database offerings. The company didn’t disclose the financial terms in its announcement of the deal today. Tel Aviv-based Speedb previously raised $4 million through a funding round that closed in 2021. It announced a partnership with Redis ...
IPO winter ending? Astera Labs and Reddit surge in stock trading debuts
Updated: The tech industry’s first major public offering of the year exceeded expectations today, while the second priced at the top end of its target range to raise more than $500 million. Astera Labs Inc., a supplier of chips for cloud data centers, raised $712.8 million in its IPO late Tuesday by selling 19.8 million ...
Three of Stable Diffusion’s original developers reportedly leave Stability AI
Three members of Stability AI Ltd.’s research team have reportedly left the well-funded artificial intelligence startup. Sifted and Forbes reported the development today, citing people familiar with the matter. Stability AI confirmed one of the three researchers’ departure. The news comes only a day after Inflection AI Inc., another high-profile generative AI startup, also announced ...
Intel wins $19.5B in CHIPS Act funding and loans for fab network expansion
Intel Corp. is poised to receive as much as $19.5 billion in federal funding and loans to expand its domestic chipmaking infrastructure. The Commerce Department will provide the financing through a preliminary, nonbinding memorandum of terms that officials announced today. Under the agreement, Intel will receive up to $8.5 billion in direct funding and the ...
Databricks acquires AI dataset management startup Lilac
Databricks Inc. has acquired Lilac AI Inc., a startup with a tool that helps developers manage the text datasets they use in artificial intelligence projects. The companies announced the deal today without disclosing the financial terms. Boston-based Lilac AI was founded by Daniel Smilkov and Nikhil Thorat, two former Google LLC engineers who helped build ...