Maria Deutscher
Latest from Maria Deutscher
Continuing acquisition spree, HPE buys infrastructure monitoring startup OpsRamp
Hewlett Packard Enterprise Co. is acquiring OpsRamp Inc., a startup with a platform that helps companies detect and fix malfunctions in their infrastructure. The OpsRamp acquisition price, while not disclosed, is a strategic investment for HPE in enhancing its infrastructure capabilities. HPE announced the deal today. It marks the fourth acquisition the company has made ...
Amazon to lay off 9,000 more workers, including at AWS, as cost-cutting effort continues
Amazon.com Inc. today announced that it will let go 9,000 employees as part of its ongoing effort to rein in operating expenses. Amazon Chief Executive Officer Andy Jassy detailed the move in a memo to workers that was also published on the company’s website. Jassy stated that affected employees will receive a separation payment, transitional ...
Workforce management startup Rippling raises $500M
Rippling, a startup with a popular cloud-based workforce management platform, today disclosed that it has raised $500 million in funding. Existing backer Greenoaks Capital was the lead investor and reportedly increased its stake by 4%. The round keeps the startup’s valuation at the $11.25 billion it was worth following a previous $250 million raise last May. ...
SVB Financial Group files for bankruptcy as it works to sell assets
SVB Financial Group Corp., the former parent company of Silicon Valley Bank, today announced that it has filed for Chapter 11 bankruptcy protection in New York. SVB Financial Group operated Silicon Valley Bank until financial regulators closed the latter company last Friday. Clients’ deposits were moved to a new entity on Monday. The new entity, Silicon ...
Google discovers 18 vulnerabilities in multiple Samsung chips
Google LLC’s Project Zero cybersecurity research team has discovered 18 vulnerabilities in mobile and auto chips made by Samsung Electronics Co. Ltd. The search giant disclosed the vulnerabilities on Thursday. According to Google, chips containing the security flaws can be found in 11 of Samsung’s Galaxy handsets. The chips also power some handsets from Vivo ...
Stack Infrastructure raises $250M in new debt financing
Data center construction company Stack Infrastructure Inc. today announced that it has secured $250 million in fresh debt financing. The financing was raised in the form of securitized notes. A securitized note is a loan that has been turned into a marketable security, meaning it can be sold to investors. The loans that comprise Stack ...
SUSE’s revenue grows 9% amid strong demand for container tools
Enterprise software maker SUSE SA today reported that its adjusted revenue grew 9% year-over-year, to $169 million, in its first fiscal quarter. Germany-based SUSE counts more than 60% of the companies on the Fortune 500 list as customers. It sells several popular distributions of Linux that organizations use to run SAP SE applications, as well as ...
Rapid7 acquires ransomware detection specialist Minerva Labs for $38M
Publicly traded cybersecurity provider Rapid7 Inc. has acquired Minerva Labs Ltd., a startup that helps companies detect and block ransomware. Rapid7 announced the deal on Wednesday, disclosing that it will pay about $38 million for Minerva. The company intends to finance the transaction with a combination of cash and stock. Boston-based Rapid7 sells cybersecurity tools ...
Verity reels in $32M for its autonomous warehouse drones
Verity AG, a startup using drones to make logistics warehouses more efficient, on Tuesday announced that it has raised $32 million in funding to support growth initiatives. The Series B round was led by investment firm A.P. Moller Holding. Exor Ventures and a number of other investors participated as well, bringing Verity’s outside funding to ...
Samsung to spend $230B on new chip manufacturing hub in South Korea
Samsung Electronics Co. Ltd. will spend 300 trillion won, or about $230 billion, over the next two decades to build a new chip manufacturing hub in South Korea. The hub, which will be located near Seoul, is reportedly set to house five semiconductor plants. Some of the plants are expected to produce memory chips while ...