Maria Deutscher
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LocalStack nabs $25M investment for its public cloud emulator
Swiss developer tooling provider LocalStack GmbH today announced that it has closed a $25 million early-stage funding round. Notable Capital led the Series A investment. It was joined by CRV and Heavybit, which previously backed a $3.2 million seed round for LocalStack in 2021. LocalStack provides an open-source tool that allows developers to emulate an ...
Data mapping provider Lume raises $4.2M in funding
Lume AI Inc., a startup that helps companies move data between their applications, has raised $4.2 million in seed funding to enhance its technology. General Catalyst led the round. Lume said its funding announcement today that Khosla Ventures, Floodgate, Y Combinator and Soma Capital chipped in as well along with a number of angel investors. ...
Writer reels in $200M for its generative AI toolkit
Artificial intelligence startup Writer Inc. today disclosed that it has closed a $200 million Series C investment at a $1.9 billion valuation. Premji Invest, Radical Ventures and ICONIQ Growth led the round. They were joined by more than a half dozen other backers including the venture capital arms of Salesforce Inc., Adobe Inc., IBM Corp. ...
Report: Amazon is developing smart glasses for its delivery drivers
Amazon.com Inc. is developing a pair of smart glasses meant to make its delivery drivers more productive, Reuters reported today. The project is said to be known as Amelia internally. The upcoming device is reportedly based on the consumer-focused Echo Frames smart glasses that Amazon introduced in 2020. The latter product is currently in its ...
Data management startup Connecty AI launches with $1.8M
Startup Connecty AI Corp. launched today with $1.8 million in funding and a platform that promises to help companies more easily analyze their data. Market One Capital led the investment, which is described as a preseed round. The fund was joined by Notion Capital and multiple angel investors, including Snowflake Inc. co-founder Marcin Zukowski. San ...
Cogna reels in $15M for its AI-powered ERP platform
Cogna Ltd., a U.K.-based enterprise resource planning startup, today announced that it has raised $15 million in fresh funding. Notion Capital led the Series A round with participation from Hoxton Ventures and Chalfen Ventures. The raise comes a few months after Cogna closed its initial $4.75 million seed investment. The latter round included the participation of ...
UnifyApps reels in $20M for its AI-powered application platform
UnifyApps, a new startup with a suite of software development tools for enterprises, has secured $20 million in funding. TechCrunch reported the investment today. It’s described as a Series A round led by ICONIQ Growth. UnifyApps raised $11 million in seed funding a few months earlier. Founded last year, UnifyApps provides a software suite that ...
Federal court sides with OpenAI in AI copyright lawsuit
A federal court has dismissed a copyright lawsuit that two news outlets brought against OpenAI earlier this year. U.S. District Judge Colleen McMahon issued the ruling on Thursday. The plaintiffs, Raw Story Media Inc. and AlterNet Media Inc., have the option to relaunch the lawsuit in the future with certain revisions. The two publications filed ...
Dynatrace shares close lower despite strong second quarter
Dynatrace Inc. ended today’s trading session with its shares down almost 4% after reporting quarterly results that exceeded the consensus estimate. The Waltham, Massachusetts-based observability provider also upgraded its full-year revenue guidance. Dynatrace provides a platform that helps enterprises spot malfunctions and malicious activity in their technology environments. The software turns incident data into graphs ...
Datadog tops earnings expectations amid cybersecurity, AI growth
Continued demand for Datadog Inc.’s cybersecurity and artificial intelligence features helped the company top earnings expectations in the third quarter. The software maker today posted adjusted net income of 46 cents per share for the three months ended Sept. 30, topping the 39-cent consensus estimate. Datadog’s sales likewise exceeded expectations. Its revenue grew 26% year-over-year, to ...