Maria Deutscher
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Amazon CEO Andy Jassy publishes first annual shareholder letter
Amazon.com Inc. Chief Executive Officer Andy Jassy today released a letter to shareholders discussing the company’s business strategy, recent milestones and goals for the future. The memo is the first of its kind published by Jassy since the executive succeeded Amazon founder Jeff Bezos as CEO last July. Bezos published a shareholder letter every April beginning ...
Blockchain startup Ava Labs reportedly raising $350M at $5.25B valuation
Startup Ava Labs Inc., the lead developer of the Avalanche blockchain, is reportedly raising new funding at a unicorn valuation. Citing a person familiar with the matter, Bloomberg reported late Wednesday that Ava Labs is raising $350 million at a valuation of $5.25 billion. The investors participating in the funding round were not specified. The round ...
Obsidian Security raises $90M to secure companies’ software-as-a-service applications
Cloud security startup Obsidian Security Inc. today announced that it has closed a $90 million funding round led by noted tech investors Menlo Ventures, Norwest Venture Partners and IVP. Three returning Obsidian backers participated as well: Greylock, Wing and Alphabet Inc.’s GV startup investment arm backed the startup’s Series C round. Overall, the company has ...
Wagestream raises $175M to expand its financial app for frontline workers
U.K.-based startup Wagestream Ltd. today announced that it has secured $175 million in new financing to expand adoption of its financial app for frontline workers, which already has more than one million users. The Series C financing includes a $60 million equity investment and $115 million in debt financing. The equity investment was led by ...
BlueOcean nabs $30M for its AI-powered marketing analytics platform
BlueOcean, a marketing technology startup that counts major tech firms such as Amazon.com Inc. among its customers, has raised $30 million in fresh funding. Insight Partners led the Series B funding round, which was announced this morning. FJ Partners participated as well. San Francisco-based BlueOcean, incorporated as Blue Ocean AI Inc., provides a cloud platform ...
Google to spend $9.5B on US data centers and offices this year
Google LLC will invest approximately $9.5 billion in U.S. data centers and offices this year, about $2.5 billion more than what it spent during 2021. Google and Alphabet Inc. Chief Executive Officer Sundar Pichai detailed the investment plan in a blog post published today. According to the executive, the search giant anticipates that the initiative ...
Kubit closes $18M round led by Insight Partners for its product analytics platform
Product analytics startup Kubit AI Inc. today announced that it has closed a $18 million early-stage funding round led by Insight Partners. The Series A round, which also included the participation of Shasta Ventures and TSVC, will reportedly help Kubit triple its 13-person team this year. The startup is seeking to triple revenue in the ...
Identity threat protection startup Silverfort raises $65M
Silverfort Inc., a startup that helps organizations block malicious login requests targeting their internal applications, has raised $65 million in funding to support growth initiatives. The company announced the funding round this morning. Greenfield Partners led the investment, while GM Ventures, Acrew Capital, Vintage Investment Partners and multiple existing backers contributed as well. Silverfort has raised ...
Avatar technology startup Genies raises $150M at $1B valuation
Startup Genies Inc., which provides technology for creating Web3 avatars, today announced that it has raised $150 million in funding at a $1 billion valuation. Silver Lake led the Series C funding round. BOND, NEA and Tamarack Global participated as well. Los Angeles-based Genies provides software that enables users to create avatars of themselves in ...
Perforce acquires IT infrastructure automation startup Puppet
Developer tooling maker Perforce Software Inc. is acquiring Puppet Inc., which provides software that companies use to automate the management of their information technology infrastructure. Perforce announced the deal this morning. The acquisition’s financial terms were not disclosed. Minneapolis-based Perforce provides a collection of software products designed to help application development teams become more productive. ...