Maria Deutscher
Latest from Maria Deutscher
Weak guidance weighs on Datadog’s stock after strong quarter
Datadog Inc. this morning disclosed that it had an expectation-topping fourth quarter, but weak full-year guidance sent the company’s stock tumbling over 4%. New York-based Datadog sells more than a dozen cloud services focused mainly on helping enterprises find technical issues in their infrastructure. The software can spot slow application performance, bugs, vulnerabilities and cost overruns. ...
Intel backs $40M+ round for miniature actuator startup Cambridge Mechatronics
Cambridge Mechatronics Ltd., a British company that makes miniature actuators for smartphone cameras, today announced that it has raised more than $40 million in fresh funding. Atlantic Bridge led the investment. It was joined by the venture capital arms of Intel Corp. and Sony Corp., as well as France-based venture capital firm Supernova Invest. Cambridge ...
Data exploration startup Motif Analytics closes $5.7M seed round
Motif Analytics Inc., the developer of a data exploration platform powered by artificial intelligence, today announced that it has raised a $5.7 million seed round led by Felicis and Amplify Partners. The raise also included the participation of angel investor group InvestInData. The consortium includes more than 50 engineering executives from Netflix Inc., DoorDash Inc. and ...
Proofpoint uncovers account takeover campaign targeting Azure users
Proofpoint Inc. researchers have uncovered a hacking campaign that seeks to compromise Azure accounts in a bid to steal data and carry out financial fraud. The email security provider detailed the cybercrime operation in an advisory released today. According to Proofpoint, technical data collected about the cyberattacks suggests they may have been carried out by ...
Report: Nvidia building unit to design custom AI chips for cloud customers
Nvidia Corp. is believed to be forming a new business unit that will develop custom chip designs for cloud providers and other customers. Reuters reported the move today, citing nine sources familiar with the matter. The effort would help Nvidia establish a bigger presence in a market that is worth an estimated $30 billion annually. ...
Cisco reportedly plans to lay off thousands following lower product orders
Cisco Systems Inc. is expected to axe thousands of jobs in a restructuring initiative that could be announced as early as next week. The Cisco layoffs in 2024 are speculated to be part of the company’s efforts to streamline its operations and focus on growth areas such as the cloud and AI. Reuters reported the upcoming ...
Report: OpenAI CEO Sam Altman seeking up to $7T for chip venture
OpenAI Chief Executive Officer Sam Altman is seeking to raise trillions of dollars in funding for a new chip venture, the Wall Street Journal reported on Thursday day evening. Rumors of the project first surfaced in late 2023. Last month, the Journal cited sources as saying Altman hopes to raise between $8 billion and $10 ...
Pure Storage reportedly lays off 4% of its workforce
Pure Storage Inc. is reportedly letting go as many as 275 employees, or 4% of its workforce, following two previous rounds of job cuts early last year. Blocks and Files reported the move today. Pure Storage confirmed the layoffs in a statement without commenting on the number of affected employees or specifying what teams had ...
Daedalus nabs $21M for its AI-powered precision manufacturing facility
Daedalus GmbH, a contract manufacturing startup based in Germany, today announced that it has closed a $21 million Series A investment. The round was led by NGP Capital, a venture capital firm focused on the enterprise software market. Daedalus says that returning backers Addition and Khosla Ventures participated as well. Companies that make physical goods ...
Cohesity and Veritas’ data protection business to merge into $7B company
Cohesity Inc. is acquiring Veritas Technologies LLC’s data protection unit in a deal that is set to expand its customer base and product portfolio significantly. The transaction was announced today. According to the companies, the combined entity is expected to have a valuation of $7 billion and pro forma annual revenue of $1.6 billion. It ...