Maria Deutscher
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India moves to restrict PC and server imports
A new regulation in India will require companies to obtain a license before importing personal computers, tablets and certain other electronics. India’s Ministry of Commerce and Industry announced the new rule today. It’s effective immediately, but an exception will reportedly be made for electronics that have already been ordered. A source told Reuters that such orders ...
IBM and NASA open-source foundation AI model for analyzing satellite data
IBM Corp. and NASA today released an advanced artificial intelligence model designed to help researchers analyze satellite data faster. The model is available on Hugging Face, a popular GitHub-like platform for sharing open-source neural networks. The next phase of IBM’s collaboration with NASA will focus on extending their AI to additional use cases. They will partner ...
Lula raises $35.5M in funding for its auto insurance platform
Lula Technologies Inc., a fast-growing startup that provides insurance software for vehicle fleet operators, has raised $35.5 million in fresh funding from investors. Lula announced the Series B funding this morning. According to the startup, Khosla Ventures and NextView Ventures were the lead investors. Bain Capital Chair Stephen Pagliuca participated as well along with a ...
RingCentral acquires Hopin’s flagship virtual event platform
RingCentral Inc. today announced that it’s acquiring startup Hopin Ltd.’s flagship Events platform, which is used by companies to host virtual and hybrid events. RingCentral is also buying a second product called Session from the startup. It’s a cloud service for hosting webinars, virtual breakout sessions and other small-scale online gatherings. Belmont, California-based RingCentral is ...
Data quality startup Lightup nabs $9M in fresh funding
Lightup Data Inc., a startup that helps companies detect when their applications ingest erroneous or out-of-date data, has raised $9 million in early-stage funding. The Series A round was co-led by Andreessen Horowitz and Newlands Ventures. In its announcement of the investment today, Lightup detailed that Spectrum 28 Capital, Shasta Ventures, Vela Partners and Incubate Fund ...
Arm could reportedly go public in September at $60B+ valuation
Arm Ltd. hopes to achieve a valuation of at least $60 billion in its upcoming initial public offering, according to a new report. Reports emerged earlier this year that Arm was targeting a valuation of between $30 billion to $70 billion for the stock sale. Today, Bloomberg cited sources as saying that the company is now ...
Tricentis introduces Device Cloud to simplify mobile app development
Tricentis Inc. today debuted a cloud platform that will enable developers to provision on-demand smartphones and tablets for their mobile app projects. The platform is known as the Tricentis Device Cloud. Besides access to handsets, it also provides an artificial intelligence engine that promises to streamline certain app development tasks. Austin-based Tricentis provides software tools ...
Cloudera appoints software industry veteran Charles Sansbury as CEO
Cloudera Inc. today named longtime technology executive Charles Sansbury as its new chief executive. Sansbury (pictured), who previously held leadership roles at several enterprise software companies, is succeeding outgoing Cloudera CEO Rob Bearden. The leadership change is not unexpected. In June, The Information reported that Bearden had informed Cloudera employees of his plans to step ...
Data center builder Stack Infrastructure raises another $250M in debt financing
Stack Infrastructure Inc., a company that builds data centers for cloud operators and other organizations, has raised $250 million in debt funding. The transaction was announced this morning. The debt financing carries a 5.9% fixed interest rate and is structured as a securitized note, which is a type of loan that can be marketed to ...
Uber shares fall on mixed second-quarter earnings
Uber Technologies Inc. today reported that it reached a significant profitability milestone in the second quarter, but lower-than-expected sales sent the company’s shares tumbling. The ride-hailing giant’s stock is currently down more than 6%. Uber closed the quarter ended June 30 with a net income of $394 million when measured using generally accepted accounting principles. ...