Maria Deutscher
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EU proposes to establish legal framework for potential digital euro
The European Commission, the European Union’s executive branch, today released a legislative proposal that could potentially pave the way to a digital version of the euro. Officials also detailed a second proposal that seeks to ensure cash will continue to be widely accepted in the bloc. “The digital euro will further strengthen the international role ...
Optical interconnect startup Celestial AI raises $100M to tackle AI’s ‘memory wall challenge’
Celestial AI Inc., a startup developing optical chip technology to speed up artificial intelligence models, today announced that it has raised $100 million in funding. The round included contributions from the venture capital arms of Samsung Electronics Co. Ltd. and Porsche AG. IMEC, one of the world’s largest nanoelectronics research labs, participated as well along ...
Astrix Security nabs $25M to detect vulnerable application integrations
Astrix Security Ltd., a startup helping enterprises detect insecure applications with access to their internal data, has raised $25 million in funding. The startup detailed in its announcement of the round today that CRV was the lead investor. Bessemer Venture Partners and F2 Venture Capital also contributed to the round, which is described as a ...
Parabola reels in $24M for its data management automation platform
Automation startup Parabola Labs Inc. today announced that it has closed a $24 million investment led by OpenView. The investment, a Series B round, also included contributions from more than a half-dozen other backers. Flexport Inc. and Webflow Inc., two well-funded startups that compete in the logistics and web development markets, respectively, were among the ...
Dexory raises $19M for its robot-powered warehouse monitoring platform
Dexory Ltd., a U.K. startup using 39-foot-tall robots to make logistics warehouses more efficient, has secured $19 million in new funding. Announced today, the Series A round was led by Atomico with participation from several returning investors. Among returning investors was the venture capital arm of logistics giant Maersk A/S. Maersk is also a customer. ...
HashiCorp acquires startup BluBracket for its secrets detection technology
HashiCorp Inc. is buying BluBracket Inc., a venture-backed startup with software that helps developers catch and fix insecure code before it’s released. HashiCorp announced the deal today without disclosing the financial terms. BluBracket previously raised $18.5 million in funding. BluBracket provides a software platform that helps development teams find cybersecurity issues in their code. It ...
Cyera bags $100M to improve cloud data security with large language models
Fast-growing data security startup Cyera US Inc. today announced that it has raised $100 million from a group of prominent backers. The investment, a Series B round, brings the total amount of capital raised by the startup since its launch to $160 million. Accel was the lead investor in the round. Sequoia, Redpoint Ventures and ...
Snowflake and Microsoft expand partnership with focus on AI
Snowflake Inc. is expanding its partnership with Microsoft Corp. to simplify joint customers’ artificial intelligence projects. The expanded partnership was announced at Snowflake Summit 2023, which kicked off today in Las Vegas. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4. ...
Chipmaker Wolfspeed secures up to $2B in debt financing from investor consortium
Wolfspeed Inc., a major supplier of silicon carbide chips, is raising up to $2 billion in debt financing to support its manufacturing expansion plans. The transaction was announced this morning. The chipmaker is borrowing the funds from an investor consortium led by Apollo Global Management. The private equity firm, which is best known for buying publicly ...
ThoughtSpot acquires rival business intelligence startup Mode for $200M
ThoughtSpot Inc., a major provider of business intelligence software, today announced that it’s acquiring rival Mode Analytics Inc. for $200 million. The cash and equity deal is likely a win for Mode Analytics investors. Prior to the acquisition, San Francisco-based Mode raised $83 million in funding, or less than half what ThoughtSpot is paying to ...