Maria Deutscher
Latest from Maria Deutscher
Custodial wallet provider BitGo files for $201M public offering
BitGo Holdings Inc., a startup that stores digital assets on behalf of other organizations, today filed for an initial public offering. The company and several of its investors plan to sell 11.8 million shares for $15 to $17 apiece. At the top end of the range, the offering would fetch $201 million and value BitGo ...
Apple will use Google’s Gemini models to power new Siri release
Apple Inc. will use Google LLC’s Gemini series of large language models to power its Siri voice assistant. The companies announced the partnership, which is described as a multiyear deal, this morning. When reports of the collaboration first emerged in August, Bloomberg reported that Apple was set to pay Google about $1 billion per year ...
OpenAI invests $500M in SoftBank’s SB Energy unit
OpenAI Group PBC today announced plans to invest $500 million in SoftBank Group Corp.’s SB Energy unit, which develops renewable energy installations and data centers. The transaction also has several other components. First, SoftBank will match OpenAI’s $500 million investment in SB Energy, doubling the value of the funding round to $1 billion. Additionally, the latter ...
AI cloud provider Lambda reportedly raising $350M round
Lambda Inc., a startup with a cloud platform designed to run artificial intelligence workloads, is reportedly seeking to raise $350 million in funding. Sources told The Information late Thursday that Mubadala Capital is in talks to lead the round. The report comes less than two months after Lambda announced its last raise, a $1.5 billion Series ...
Stablecoin payment card startup Rain reels in $250M
Financial technology startup Rain today announced that it has raised $250 million in funding from a consortium led by ICONIQ. The round, the company’s third in a year, values it at $1.95 billion. Rain says that the cash infusion follows 12 months in which its annualized payment volume jumped by a factor of 30. The ...
ThreatModeler acquires competing threat modeling startup IriusRisk
ThreatModeler Software Inc., a provider of cybersecurity posture analysis software, today disclosed that it has acquired a Spain-based rival called IriusRisk SL. The terms of the deal were not disclosed. When developers determine that an application may contain cybersecurity risks, they create what’s known as a threat model. That’s a diagram of the application’s components ...
CrowdStrike acquires just-in-time access startup SGNL for $740M
CrowdStrike Holdings Inc. today announced plans to acquire startup SGNL Inc., which helps companies block unauthorized access to their systems. The transaction is worth $740 million. CrowdStrike, which intends to finance the deal with a combination of cash and stock, expects to close it by the end of April. In many cases, employees with access ...
Snowflake acquires Observe to enhance its observability capabilities
Snowflake Inc. today announced that it’s buying Observe AI Inc., a well-funded startup with an eponymous observability platform. The terms of the deal were not disclosed. When rumors of the acquisition first emerged last month, The Information cited sources as saying that it values Observe at about $1 billion. That’s about two-and-a-half times the amount ...
Motive debuts AI Dashcam Plus to help logistics fleet operators avoid collisions
Motive Technologies Inc. today debuted a new device, the Motive AI Dashcam Plus, that promises to help truck operators reduce the risk of collisions. San Francisco-based Motive develops sensors and software for logistics fleets. The company’s sensors can be installed in a truck to track its location, fuel levels and other data. The devices send ...
OpenAI introduces ChatGPT Health to answer users’ medical questions
OpenAI Group PBC today previewed ChatGPT Health, an upcoming feature that will help users of its chatbot service find medical information. The feature takes the form of a new section in the ChatGPT interface. According to OpenAI, the chatbot will detect when users enter medical questions into the main chat box and suggest that they ...