Maria Deutscher
Latest from Maria Deutscher
Eyeing self-driving cars, Microsoft joins $2B+ round for GM’s Cruise
Cruise, General Motors Co.’s autonomous vehicle unit, today said that it has closed a more than $2 billion funding round at a $30 billion valuation from Microsoft Corp., Honda Motor Co. Ltd. and other investors. Microsoft’s participation in the round comes as part of a broader partnership with GM that was detailed today as well. ...
Citrix to acquire Wrike for $2.25B to advance recurring revenue push
As expected, Citrix Systems Inc. today announced that it has entered a $2.25 billion deal to acquire Wrike Inc., the provider of a popular project management platform used by Google LLC and tens of thousands of other companies. The deal, Citrix says, will enable it to expand in markets where it currently has a limited ...
Google pushes back against key ‘header bidding’ allegations in antitrust lawsuit
Google LLC is pushing back against some of the key allegations in an antitrust lawsuit filed against it by 10 Republican state attorneys general who have accused the search giant of employing anticompetitive practices to boost its ad business. The suit was filed late last year. It returned to the spotlight on Sunday after the ...
Personio raises $125M at $1.7B valuation for its HR operations platform
Personio GmbH, a software-as-a-service startup that enables human resources teams to perform tasks such as recruiting with less manual work, has closed $125 million in new funding at a $1.7 billion valuation. The newly minted unicorn disclosed the financing round today. Index Ventures was the lead investor, with Accel, Lightspeed Venture Partners, Meritech Capital and ...
SAP shows cloud momentum in preliminary fourth-quarter results
SAP SE shared preliminary financial results for the fourth quarter late Thursday, revealing that overall revenues declined but its efforts to shift to a cloud-first business model continued to gain momentum. SAP provides business software that is used by many of the world’s largest enterprises to support their operations. In October, the company announced plans ...
Amazon will let other companies build custom versions of Alexa
Amazon.com Inc. today debuted a new solution that will enable enterprises to develop customized versions of Alexa for their users with features not included in the standard edition. The solution, Alexa Custom Assistant, is the latest example of Amazon making technology it uses internally available to enterprise clients. The company’s cloud computing unit, Amazon Web ...
Apple reportedly planning redesigned MacBook Pros with Apple Silicon
Apple Inc.’s next MacBook Pro laptops are expected to feature homegrown Arm-based chips instead of Intel Corp. silicon and will do away with the computer series’ hallmark Touch Bar, according to a new report. The upcoming MacBook Pros were detailed on Thursday by 9to5Mac. The publication attributed the information to Apple analyst Ming-Chi Kuo, who ...
Cisco inks amended $4.5B deal to buy network chip supplier Acacia
Cisco Systems Inc. today said that it has agreed to acquire Acacia Communications Inc. for about $4.5 billion, nearly $2 billion more than an offer it made to the chipmaker in 2019. In July of 2019, the companies inked a deal that specified Cisco would buy Acacia for approximately $2.6 billion. They had originally planned ...
Harness becomes $1.7B unicorn after raising $85M for its software delivery platform
San Francisco’s Harness Inc. today divulged that it has closed an $85 million funding round to broaden the adoption and feature set of its software delivery platform, which is used by developers at companies such as Cisco Systems Inc. to build applications faster. The round values the startup at $1.7 billion. In a bid to ...
Samsung debuts new flagship Galaxy S21 phones, Bluetooth tracker and earbuds
Samsung Electronics Co. Ltd. today introduced its latest flagship smartphone series, the Galaxy S21 line, along with a Bluetooth location tracker for finding lost items and a pair of high-end wireless earbuds with a case that acts as a charger. Executives presented the devices during the company’s virtual Unpacked event, the scene of its biggest ...