Maria Deutscher
Latest from Maria Deutscher
CoreWeave raises $1.1B at $19B valuation to grow its GPU cloud
CoreWeave Inc., the operator of a cloud platform optimized for graphics card workloads, today announced that it has closed a $1.1 billion funding round. The Series C raise reportedly values the company at $19 billion. That’s up from the $7 billion it was worth following a $642 million secondary sale in December. Fidelity Management, which ...
SIEM startup RunReveal reels in $2.5M to reduce cybersecurity false positives
Cybersecurity startup RunReveal Inc. today launched its first product into general availability and disclosed the completion of a $2.5 million seed round. Costanoa Ventures led the investment. According to RunReveal, the capital will help finance hiring initiatives and the development of additional products. RunReveal offers a SIEM, or security information and event management, platform that ...
Subscription growth boosts Commvault’s fourth-quarter revenue by 10%
Commvault Systems Inc. today reported that it generated $223.3 million in revenue during its fiscal fourth quarter ended March 31, 10% more than the same time a year earlier. The company’s stock closed up 3% on the expectation-topping results. Commvault attributed the sales jump entirely to growing demand for its subscription-based products. The company provides a ...
Network security startup Corelight reels in $150M
Corelight Inc., a startup using open-source tools to detect malicious traffic in enterprise networks, today disclosed that it has closed a $150 million Series E funding round. Returning backer Accel led the investment. It was joined by the venture capital arms of Cisco Systems Inc. and CrowdStrike Holdings Inc., both major players in the cybersecurity ...
EU opens probe into Meta over response to disinformation on Facebook and Instagram
The European Commission, the European Union’s executive branch, today launched a probe to determine if Meta Platforms Inc. may have breached the bloc’s Digital Services Act. The focus is on whether the company may have run afoul of DSA requirements that pertain to the handling of social media disinformation. The probe also covers a number ...
NXP shares climb on better-than-expected first-quarter earnings
Shares of NXP Semiconductor NV closed 1.8% higher today after the Dutch chipmaker posted first-quarter results that topped the consensus estimate by a small margin. NXP, a former Philips NV unit that spun out in 2006, is best known as a provider of vehicle processors. It also supplies chips for a variety of other devices including ...
AI chip startup Blaize nabs $106M in fresh funding
Startup Blaize Inc., which supplies artificial intelligence chips for edge devices and data centers, today disclosed that it has raised $106 million in fresh funding. The capital was provided by a consortium that included Mercedes Benz, Franklin Templeton and a half-dozen other backers. The round comes less than six months after Blaize announced plans to ...
OpenAI signs content licensing agreement with the Financial Times
OpenAI today announced that it’s partnering with the Financial Times to make articles from the storied newspaper accessible to its large language models. As part of the collaboration, the companies will make certain Financial Times content available to users of ChatGPT. OpenAI said the deal covers “select attributed summaries, quotes and links to FT journalism.” It ...
CEOs of Microsoft, Nvidia and other tech giants join federal AI advisory board
A group of prominent tech executives will join the Artificial Intelligence Safety and Security Board, a panel tasked with advising the federal government on the use of AI in critical infrastructure. The Wall Street Journal reported the development today. According to the paper, the panel comprises not only representatives of the tech industry but also ...
Cybersecurity provider Darktrace to be acquired by Thoma Bravo for $5.3B
Darktrace plc, a major provider of cybersecurity software for enterprises, today announced that it has agreed to be acquired by Thoma Bravo in a $5.3 billion transaction. The all-cash deal values Darktrace at $7.75 per share, a 20% premium over its last unaffected stock price. Thoma Bravo says KKR and other shareholders with a combined ...