Maria Deutscher
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Pathlight rebrands as Echo AI and debuts new marketing automation features
Customer engagement startup Pathlight today rebranded as Echo AI and introduced new features for its flagship software platform. The company, which is incorporated as TTSF Inc., is backed by $35 million in funding from Kleiner Perkins and other investors. It provides a platform that uses artificial intelligence to find areas for improvement in call center ...
Shares of Extreme Networks tumble 16%+ on mixed earnings
Extreme Networks Inc. today reported fiscal second-quarter sales that topped the consensus estimate, but its adjusted earnings per share fell short of expectations. The results sent the company’s shares tumbling more than 16% on the Nasdaq. San Jose, California-based Extreme Networks makes switches, Wi-Fi access points for offices and other networking equipment. It also sells ...
Codeium reels in $65M for its AI-powered coding platform
Codeium Inc., a startup with a developer productivity platform powered by large language models, today announced that it has secured a $65 million Series B funding round. Kleiner Perkins led the investment with participation from General Catalyst and returning backer Greenoaks. According to Bloomberg, the raise values Codeium at $500 million. The company will use ...
Commvault shares jump on expectation-topping quarterly results
Shares of Commvault Systems Inc. jumped more than 7% today after the company reported better-than-expected revenue and earnings for its fiscal third quarter. Tinton Falls, New Jersey-based Commvault sells a popular suite of data protection tools. Enterprises can use the company’s software to create backups of their business information, as well as restore those backups ...
Korean AI chip startup Rebellions raises $124M at $650M+ valuation
Rebellions Inc., a Seoul-based developer of artificial intelligence chips, has raised $124 million in funding to support its engineering efforts. The startup announced the investment on Monday. The raise was led by KT, South Korea’s second largest wireless carrier and a Rebellions customer. TechCrunch reported that Korea Development Bank participated as well along with several other ...
Storage appliance maker Nyriad seeking sale after fundraising effort falls through
Nyriad Inc., a startup that develops data center storage hardware powered by graphics cards, is seeking a buyer. The development was first reported on Friday by Blocks and Files, which cited a memo from Nyriad Chief Executive Derek Dicker. The company confirmed that it’s exploring a sale in a statement to CRN today. It has ...
AI startup Sema4.ai, led by former Cloudera CEO Rob Bearden, raises $30.5M
Sema4.ai, a new artificial intelligence startup founded by a group of prominent software executives, today announced that it has raised $30.5 million in funding. The capital was provided by Benchmark and Mayfield Fund. The investment reportedly comes a mere three months after Sema4.ai’s launch. Sema4.ai is led by Chief Executive Rob Bearden (pictured), who previously ...
Juniper Networks debuts Marvis Minis for simulating and preempting network issues
Juniper Networks Inc. today introduced a new artificial intelligence tool, Marvis Minis, that can simulate the impact of a network change to determine if it may lead to technical issues. The company is rolling out the software as part of a product portfolio refresh that also extends to its hardware lineup. Juniper today debuted new ...
Report: Elon Musk’s xAI seeking up to $6B from investors at $20B valuation
A few weeks after rumors emerged that xAI Corp. is seeking $1 billion from investors, a new report indicates that Elon Musk’s artificial intelligence startup has set a more ambitious fundraising target. Sources told the Financial Times today that the company is in talks to raise as much as $6 billion. According to the paper, ...
George Carlin’s estate files suit over AI-generated comedy special
The estate of George Carlin is suing the creators of a YouTube video that mimics the deceased comedian’s voice using generative artificial intelligence. The lawsuit was filed on Thursday by the estate’s executor, Jerold Hamza, who was Carlin’s manager for 30 years. The development is not unexpected. Carlin’s daughter, Kelly Carlin, told The Daily Beast ...