Maria Deutscher
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Ingram Micro returns to public markets in $409M IPO
Ingram Micro Inc., a major distributor of enterprise information technology products, saw its shares climb more than 12% in their trading debut today. The company’s initial public offering wrapped up a few hours earlier with a funding haul of $409.2 million. Ingram Micro and its majority shareholder, private equity firm Platinum Equity, sold 18.6 million ...
Former Intel directors call on the chipmaker to split its fab and design units
Four former Intel Corp. directors have called on the chipmaker to spin off its fab business into an independent company. Reed Hundt, Charlene Barshefsky, James Plummer and David Yoffie expressed their position in a Fortune op-ed published on Tuesday. Hundt is a onetime Federal Commission Communications chair and Barshefsky is a former U.S. Trade Representative. ...
Fixify nabs $25M for its AI-supported help desk service
Fixify Inc., a startup helping companies process employees’ technical support requests more efficiently, today announced that it has raised $25 million in funding. Costanoa Ventures, Decibel Partners and Paladin Capital Group jointly led the Series A investment. Scale Venture Partners chipped in as well. Fixify’s total outside capital now stands at $32 million. Assembling a help desk team ...
Arm moves to cancel Qualcomm’s instruction set architecture license
Arm Holdings plc plans to cancel a license that gives Qualcomm Inc. permission to use its instruction set architecture in chips. Bloomberg reported the development today. Qualcomm, the world’s top maker of Android handset processors, acknowledged the licensing dispute in a statement. An instruction set architecture, or ISA, defines the language in which a central ...
Agentic AI startup CrewAI closes $18M funding round
CrewAI Inc., the developer of a popular tool for building artificial intelligence agents, has raised $18 million in funding to support its growth efforts. The startup announced the milestone today. It raised the capital over two rounds: a seed investment led by boldstart ventures and a Series A raise led by Insight Partners. CrewAI’s backers ...
TSMC notifies US of potential attempt to make Huawei chip using its fabs
Taiwan Semiconductor Manufacturing Co. has notified U.S. officials about a potential attempt by a customer to circumvent export controls on chip technology. Reuters and the Financial Times reported the development today. Earlier, sources told The Information that the U.S. Commerce Department is investigating whether TSMC has made artificial intelligence or smartphone chips for Shenzen-based Huawei Technologies ...
Freeform raises $14M to build an AI-powered 3D printing factory
Freeform Future Corp., a startup developing 3D printers for producing metal parts, today announced that it has raised $14 million in funding. The capital came from Nvidia Corp.’s NVentures fund and Boeing Co.’s AE Ventures. Besides providing funding, the two companies will also provide Freeform with other resources such as graphics cards. The startup previously ...
Stripe acquires stablecoin infrastructure startup Bridge
Stripe Inc. today announced plans to buy Bridge Ventures Inc., a startup with a platform for processing stablecoin transactions. The companies didn’t disclose the deal’s financial terms. However, a source told Forbes that Stripe is paying $1.1 billion for Bridge. That’s more than five times the valuation startup reportedly received following a funding round earlier ...
Haiper debuts new flagship video generation model
Haiper Ltd., a venture-backed artificial intelligence startup, today debuted a video generator that can create short clips based on user prompts. Haiper 2.0 is a new iteration of an AI model that the company debuted earlier this year. Compared with the previous release, it generates clips faster and in a more realistic style. Additionally, an ...
Sophos to buy rival cybersecurity provider Secureworks for $859M
Sophos Ltd. is acquiring Secureworks Corp., a fellow provider of cybersecurity software, in a deal worth $859 million. The companies announced the transaction today. It values Secureworks at $8.50 per share, a 28% premium over the software maker’s 90-day volume-weighted average price. The deal is not unexpected: Reports that Secureworks could be acquired have been ...