Maria Deutscher
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Observe nabs $115M for its AI-powered observability platform
Observe Inc., the developer of an application observability platform with a built-in chatbot, today disclosed that it has closed a $115 million investment led by Sutter Hill Ventures. Snowflake Ventures participated as well along with Capital One Ventures and Madrona Ventures. Observe says it closed the Series B round at a valuation 10 times higher ...
Apple to host WWDC 2024 on June 10-14, with AI features and more coming
Apple Inc. today announced that this year’s edition of its Worldwide Developer Conference will run June 10-14. The company plans to livestream the event from its headquarters in Cupertino, California. It will invite a limited number of developers to an in-person gathering scheduled to take place during WWDC’s opening day. The invitations are set be ...
Canva acquires Adobe rival Serif to expand its graphic design software portfolio
Canva Inc. has acquired Serif Ltd., a company with a suite of graphic design applications used by more than 3 million customers. The deal was announced today. Canva co-founder and Chief Operating Officer Cliff Obrecht told Bloomberg that the transaction values U.K.-based Serif at “several” hundred million pounds. Canva provides a cloud service that enables users ...
HPE integrates custom AI models into Aruba Networking Central
Hewlett Packard Enterprise Co. is upgrading Aruba Networking Central, its cloud-based network management platform, with large language models designed to make administrators more productive. The company announced the update today. The models complement the platform’s existing artificial intelligence features, which ease tasks such as fixing malfunctioning switches. Aruba Networking Central enables administrators to monitor their ...
Report: UXL Foundation seeks to prepare alternative to Nvidia’s CUDA by year’s end
The UXL Foundation, a group of major chip industry players, expects that its alternative to Nvidia Corp.’s CUDA technology will become “mature” by year’s end. Reuters reported the group’s development schedule today. The technology the UXL Foundation’s members are building could make it easier to move workloads from Nvidia chips to rival processors. In the ...
Foundational nabs $8M to help developers fix data quality issues faster
Foundational Data Inc., a startup helping enterprises ensure their internal datasets are accurate, today announced that it has raised $8 million to finance growth initiatives. Viola Ventures and Google LLC’s Gradient Ventures fund led the seed round. They were joined by executives from Meta Platforms Inc., Datadog Inc. and other major tech firms. Against the ...
Samsung co-leads $60M funding round for chip interconnect startup Eliyan
Chip interconnect startup Eliyan Corp. today announced that it has secured $60 million in new funding from a group of prominent investors. Samsung Catalyst Fund and Tiger Global led the Series B round. They were joined by several other institutional backers, including Intel Capital and SK hynix Inc., one of the world’s largest memory chip ...
Report: GPU cloud operator CoreWeave seeking new funding at $16B valuation
CoreWeave Inc. is holding talks about a new funding round that could value it at $16 billion, Bloomberg reported today. That sum is more than double what the company was worth in December and would represent an eightfold increase over its April valuation. Bloomberg’s sources didn’t specify how much capital CoreWeave could raise or from ...
Apple reportedly cancels internal effort to develop custom microLED displays
Apple Inc. has reportedly canceled an internal effort to develop microLED screens, which offer better display quality than competing technologies and are less susceptible to certain malfunctions. Bloomberg reported the move today, citing people familiar with the matter. Apple reportedly scrapped the project around the same time it ended a long-running internal effort to design ...
Foundry launches with $80M in funding to build an AI-optimized public cloud
Foundry Technologies Inc., the operator of a cloud platform optimized for artificial intelligence workloads, launched today with $80 million in funding. Fortune reported that Lightspeed Venture Partners and Sequoia Capital led the investment. They were joined by more than a dozen other investors, including Microsoft Corp.’s venture capital arm, Google LLC Chief Scientist Jeff Dean ...