Maria Deutscher
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Micron debuts new data center SSD based on 176-layer flash technology
Micron Technology Inc. today debuted the Micron 5400, a new solid-state drive for data centers that’s based on the company’s latest 176-layer flash storage technology. Micron is a major supplier of storage and memory chips that generated $27.7 billion in revenue last year. Its chips can be found in a variety of devices ranging from ...
GlobalWafers to build $5B chip wafer factory in the US
Taiwan-based GlobalWafers Co., a major supplier of the silicon wafers used to make central processing units and other chips, plans to build a $5 billion silicon wafer plant in Sherman, Texas. The Wall Street Journal reported the plan today. A wafer is a semiconducting disc made largely of silicon that is used to manufacture chips. ...
AI Squared raises $6M in funding for its AI integration platform
Artificial intelligence startup AI Squared Inc. today announced that it has raised a $6 million seed funding round led by NEA, with participation from Ridgeline Partners. Enterprises are adopting AI in their business operations to automate manual tasks and increase operational efficiency. One of the most common ways enterprise software teams implement AI is by ...
Zendesk to be acquired for $10.2B by investor consortium
Zendesk Inc., a major provider of customer service and sales software, will be acquired by an investor consortium for $10.2 billion. Zendesk announced the acquisition this morning. The investor consortium buying the company includes Hellman & Friedman, Permira, a wholly owned subsidiary of the Abu Dhabi Investment Authority and Singapore’s GIC sovereign wealth fund. The ...
Report: EU plans to investigate Broadcom’s proposed acquisition of VMware
The European Union is preparing to launch an antitrust investigation into Broadcom Inc.’s proposed $61 billion acquisition of VMware Inc., the Financial Times reported today. Broadcom is a major chipmaker that supplies processors used in data center switches, Apple Inc.’s iPhone lineup and many other devices. The company has over the past few years also ...
AWS debuts Amazon CodeWhisperer and new synthetic data capabilities
Amazon Web Services Inc. is adding new capabilities to its cloud platform that will help developers write code more efficiently and generate training datasets for their artificial intelligence projects. The capabilities made their debut today at Amazon re:MARS 2022 in Las Vegas. AI-powered coding assistant The first addition to AWS’ cloud portfolio is a service ...
Financial technology startup SumUp valued at $8.5B after $624M investment
SumUp Inc., a major player in the financial technology market, today disclosed that it has raised $624 million from a group of investors led by Capital Tech Opportunities. Half of the investment was provided in the form of equity financing, while the other half consisted of debt financing. SumUp is now valued at $8.5 billion. ...
Evinced raises $38M to help enterprises build accessible websites and mobile apps
Startup Evinced Inc., which helps companies build accessible websites and mobile apps, has raised a $38 million funding round led by Insight Partners. Evinced announced the Series B round today. Lead investor Insight Partners was joined by a number of other backers, including Microsoft Corp.’s M12 venture capital arm, Capital One Financial Corp., BGV and ...
Palo Alto Networks upgrades Prisma Cloud with new cloud security features
Palo Alto Networks Inc. is upgrading its Prisma Cloud cybersecurity platform with new features for detecting vulnerabilities and malicious activity in cloud environments. The features are rolling out as part of a new release of the platform that debuted today. Prisma Cloud is designed to help enterprises find vulnerabilities in their cloud environments, detect hacking ...
Appsmith raises $41M for its low-code application development platform
Appsmith Inc., a startup competing in the low-code software development market, today announced that it has closed a $41 million funding round led by Insight Partners. The venture capital firm was joined by Accel, Canaan, OSS Capital and multiple angel investors. Appsmith previously raised a $10.5 million funding round last October. Low-code development tools enable ...