Maria Deutscher
Latest from Maria Deutscher
HerculesAI reels in $26M for its AI-powered data management toolkit
HerculesAI, a startup that develops artificial intelligence software for law firms and large enterprises, has secured $26 million in funding to support its growth efforts. TechCrunch reported the investment on Wednesday. The investment was led by Streamlined Ventures with participation from Proof VC, Thomson Reuters Ventures, Alumni Ventures and multiple angel investors. HerculesAI, officially Zero ...
Defense technology startup Helsing raises €450M at reported €5B valuation
Defense technology startup Helsing GmbH today disclosed that it has raised €450 million, or about $488 million, in new funding. General Catalyst led the Series C investment. It was joined by Saab AB, one of Sweden’s largest aerospace and defense companies, along with Elad Gil, Accel, Lightspeed Venture Partners, Plural and Greenoaks. Bloomberg reported that ...
Apple will open access to its iOS payment system to end EU antitrust probe
Apple Inc. will change several of its business practices to end a European Union antitrust probe into its mobile payment system. The European Commission, the EU’s executive arm, announced the development today. Apple’s iPhones and iPads feature an NFC, or near-field communication, chip that allows users to pay at stores with their handsets. NFC makes ...
AWS introduces App Studio to speed up application development with AI
Amazon Web Services Inc. today introduced AWS App Studio, an artificial intelligence service that makes it possible to develop applications using natural language prompts. The offering is designed to help companies more quickly build internal software tools for their employees. A marketing agency, for example, could use App Studio to create an application that helps staffers ...
AMD acquires language model developer Silo AI for $665M
Advanced Micro Devices Inc. today announced plans to acquire Silo AI Oy, a Finland-based artificial intelligence developer that counts numerous large enterprises as customers. The all-cash deal is worth about $665 million. The transaction is expected to close later this year, at which point AMD will fold Silo AI into its Artificial Intelligence Group. The ...
Microsoft, Apple give up observer seats on OpenAI’s board amid regulatory scrutiny
Microsoft Corp. and Apple Inc. have decided not to sit on OpenAI’s board amid the regulatory scrutiny facing the ChatGPT developer, the Financial Times reported today. Microsoft, OpenAI’s largest investor, received an observer seat on its board last November. The cloud computing and software giant is said to have given up the role on Tuesday. ...
Command Zero launches with $21M to speed up breach investigations
Startup Command Zero Inc. launched today with $21 million in funding and a platform designed to help companies investigate data breaches faster. Andreessen Horowitz led the investment. According to Command Zero, the venture capital firm was joined by Insight Partners and more than 60 angel investors from the cybersecurity industry. Austin-based Command Zero was founded ...
UiPath lays off 10% of workforce in push for increased efficiency
UiPath Inc. today disclosed plans to lay off 10% of its workforce, or about 420 employees, in a bid to increase operational efficiency. The restructuring comes two years after the company’s previous round of job cuts. In late 2022, UiPath let go 6% of its workforce as part of an effort to reduce costs. The ...
Investor consortium acquires majority stake in Nasuni at $1.2B valuation
An investor group led by Vista Equity Partners is buying a majority stake in Nasuni Corp., a venture-backed provider of data storage software. The company announced the deal this morning. It detailed that Vista Equity Partners will be joined by TCV and KKR in the transaction. The investment values Nasuni at $1.2 billion. “We are ...
Mirantis upgrades its OpenStack distribution with performance, AI optimizations
Mirantis Inc. today debuted MOSK 24.2, the latest release of its Kubernetes-powered OpenStack distribution. Campbell, California-based Mirantis sells software for managing cloud and on-premises infrastructure. Alongside its OpenStack distribution, the company develops Lens Desktop, a popular tool for configuring Kubernetes clusters. Its software portfolio also spans several other product categories, including cybersecurity. MOSK, the focus ...