Maria Deutscher
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Report: Arm planning $8B+ IPO this year at $50B+ valuation
Chip designer Arm Ltd. reportedly plans to go public this year with the goal of raising at least $8 billion from investors. Reuters reported Arm’s plans late Sunday, citing sources familiar with the matter. The sources believe that the company will begin preparations for its initial public offering in the coming days. Last month, Chief ...
Qualtrics receives $12.4B buyout offer backed by Silver Lake
Silver Lake and Canada’s largest pension fund have made a takeover offer for Qualtrics International Inc. that values the company at $12.4 billion. Qualtrics disclosed the bid in a regulatory filing this morning. The $12.4 billion that Silver Lake and the Canada Pension Plan Investment Board, or CPPIB, are offering amounts to $18.15 per share. ...
Report: AI startup Inflection in talks to raise up to $675M
Inflection, an artificial intelligence startup led by prominent tech executives, is reportedly in talks to raise up to $675 million from investors. The Financial Times reported the development today, citing people familiar with the matter. Inflection has not yet launched a product and offers little information about its plans on its one-page website. The startup ...
Amazon pauses construction on HQ2 office campus in Virginia
Amazon.com Inc. is pausing construction on the second phase of its HQ2 corporate campus in Arlington, Virginia. The news was first reported by Bloomberg today and later confirmed by Amazon. The first phase of HQ2, which is known as Met Park and includes two office towers, is on track to complete in the summer. The ...
IBM and Cohesity partner to launch new data protection offering
IBM Corp. and Cohesity Inc. are teaming up to launch a new data protection offering, Storage Defender, that combines features from four different products. The companies debuted the offering on Thursday. Storage Defender will allow companies to create backups of their data and recover it after events such ransomware attacks. The platform can recover records ...
Attio raises $23.5M for its customer relationship management platform
Attio Ltd., a London-based startup competing with Salesforce Inc. in the customer relationship management market, today announced that it has raised $23.5 million from investors. The Series A round was led by Redpoint Ventures. Existing investors Balderton Capital and Point Nine chipped in as well, bringing Attio’s total outside funding to $31.2 million. Companies use ...
Akamai acquires Kubernetes data storage startup Ondat
Akamai Technologies Inc. today announced that it’s buying Ondat, a venture-backed startup with a data storage platform for Kubernetes. Kubernetes makes it easier to deploy and maintain software container applications. But it offers limited features for managing those applications’ data. As a result, companies that use Kubernetes often deploy external storage tools such as Ondat’s ...
White House publishes new national cybersecurity strategy
The White House has released a national cybersecurity strategy that seeks to make the digital ecosystem more resilient against hacking campaigns. Officials outlined the strategy in a 39-page document published this morning. The document, which was created with input from more than 20 government agencies, has five primary sections. One section focuses on making software ...
OpenAI makes its ChatGPT and Whisper models available via cloud APIs
Developers can now integrate OpenAI LLC’s ChatGPT and Whisper models into their software thanks to new application programming interfaces that became available today. An application programming interface, or API, is a channel through which programs exchange data and instructions with one another. It allows one application to have another workload perform a task when certain ...
Dremio upgrades its data lakehouse to streamline analytics projects
Dremio Corp. today introduced a new version of its data lakehouse that aims to ease several common analytics tasks for customers. Dremio is a Santa Clara, California-based startup backed by more than $410 million in funding from Cisco Systems Inc., Insight Partners and other prominent investors. Its namesake data lakehouse enables companies to analyze large ...