Maria Deutscher
Latest from Maria Deutscher
Cloud backup startup Eon raises $300M at $4B valuation
Eon.io Inc., a startup that helps enterprises use their backup data in analytics projects, has closed a lale-stage $300 million funding round. The company detailed today that prominent tech investor Elad Gill led the Series D raise. He was joined by Sequoia Capital, Lightspeed Venture Partners, Greenoaks, BOND and several others. Eon is now valued ...
OpenAI CEO Sam Altman reportedly declares ‘code red’ after rivals launch new AI models
OpenAI Group PBC Chief Executive Officer Sam Altman reportedly declared “code red” in a memo sent to the company’s employees on Monday. The Wall Street Journal and The Information reported the internal announcement today. The publications’ sources also provided new details about OpenAI’s development roadmap. The company is reportedly working on a personal assistant, advertising ...
Runway, DeepSeek release new foundation models
Startups Runway AI Inc. and DeepSeek today released two foundation models that they say can outperform algorithms developed by the tech industry’s largest players. Runway’s new algorithm, Gen-4.5, provides text-to-video features. DeepSeek, in turn, has released an updated version of its namesake reasoning model. The Chinese startup says that DeepSeek V3.2 is better at coding ...
Open-source image generator startup Black Forest Labs raises $300M
Black Forest Labs Inc., a startup that develops artificial intelligence models optimized for image generation tasks, has raised $300 million in funding. Salesforce Ventures and prominent venture capitalist Anjney Midha co-led the Series B round. They were joined by Nvidia Corp., Canva Pty, Figma Ventures, Temasek and over a half dozen venture capital firms. Black ...
Nvidia invests $2B in Synopsys as part of multiyear AI collaboration
Nvidia Corp. has bought a $2 billion stake in Synopsys Inc. as part of a new multi-year partnership the companies announced today. The chipmaker purchased the stock at a price of $414.79 per share, a slight discount to Synopsys’ Friday close. The deal has a similar structure as the $5 billion investment in Intel Corp. ...
Akamai acquires WebAssembly function-as-a-service startup Fermyon
Akamai Technologies Inc. today announced that it has acquired Fermyon Inc., a startup with a function-as-a-service platform based on WebAssembly. The terms of the deal were not disclosed. Fermyon previously raised $20 million in funding from Insight Partners, Amplify Partners and angel investors. WebAssembly, the open-source technology that underpins the company’s platform, provides a virtual ...
Intel shares jump 10% on report of potential chip production deal with Apple
Shares of Intel Corp. closed 10% higher today following a report that it may win a contract to produce chips for Apple Inc. devices. Prominent Apple analyst Ming-chi Kuo wrote on X that reports of the potential deal have been swirling in the semiconductor industry for some time. “Visibility around this had remained low,” Kuo ...
Google drops EU antitrust complaint against Microsoft amid cloud probe
Google LLC has dropped an antitrust complaint that it filed in the European Union last year over Microsoft Corp.’s business practices. The search giant announced the move today. The development comes a few days after the European Commission, the EU’s executive arm, launched an antitrust probe into Microsoft. The investigation will scrutinize the company’s conduct ...
Gravis Robotics raises $23M to integrate AI into earthmoving equipment
Gravis Robotics AG, a startup that develops autonomy kits for earthmoving vehicles, has closed a $23 million funding round. IQ Capital and Zacua Ventures led the investment. Gravis stated in its announcement of the deal today that Pear VC, Imad, Sunna Ventures, Armada Investment and Holcim participated as well. The company’s flagship product is a ...
ServiceNow could reportedly acquire cybersecurity startup Veza for $1B+
ServiceNow Inc. is reportedly in advanced talks to acquire Veza Inc., a startup with an identity management platform of the same name. The Information late Wednesday cited sources as saying that the deal could be worth more than $1 billion. That’s more than four times the amount of funding Veza has raised to date. The ...