Maria Deutscher
Latest from Maria Deutscher
Capitola raises $15.6M for its AI-powered insurance platform
Capitola Insurance Services LLC, a startup using artificial intelligence to streamline commercial insurance deals, has raised $15.6 million in funding. The Series A round, announced today, was led by Munich Re Ventures. Returning Capitola backer Lightspeed Venture Partners participated as well. The startup previously raised a $5 million seed round in 2021, the year it ...
Elon Musk reportedly seeking to launch AI startup that will compete with OpenAI
Elon Musk is reportedly seeking to raise funding for a new artificial intelligence startup that would compete with OpenAI LP. The Financial Times reported the development today, citing people familiar with the matter. The Wall Street Journal also reported the Musk formed a company headquartered in Nevada called X.AI Corp. Musk reportedly is the only ...
Zoom acquires employee engagement startup Workvivo
Zoom Video Communications Inc. has acquired Workvivo Ltd., a venture-backed startup with an employee engagement platform of the same name. Zoom announced the deal today without disclosing financial terms. The company expects to close the acquisition by the end of the month. Cork, Ireland-based Workvivo provides an employee engagement platform that enables executives to share ...
OpenAI CEO Sam Altman says startup currently not training GPT-5 AI model
OpenAI LP Chief Executive Officer Sam Altman has divulged that the startup is currently not training a new version of GPT-4, its most advanced artificial intelligence model. Altman made the disclosure on Thursday during an event at the Massachusetts Institute of Technology. GPT-4 is a large language model that OpenAI debuted last month. It can ...
Google introduces new medical AI model and cloud-based Claims Acceleration Suite
Google LLC today introduced a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions. The company debuted the technologies at its annual The Check Up healthcare event. AI advances The first major highlight of Google’s healthcare event was the announcement of Med-PaLM 2, a new ...
Otterize picks up $11.5M to automate authorization in Kubernetes clusters
Otterize Inc., a startup making it easier to move data between applications running on Kubernetes, has secured $11.5 million in seed funding. Otterize disclosed the funding round this morning. According to TechCrunch, Index Ventures was the lead investor. Dig Ventures, Vine Ventures, Jibe Ventures, Crew Capital and Operator Partners participated as well. Many enterprise applications ...
Amazon CEO Andy Jassy highlights efficiency drive, AI opportunities in shareholder letter
Amazon.com Inc. Chief Executive Officer Andy Jassy today released his second annual letter to shareholders since taking over the helm from company founder Jeff Bezos. Bezos penned a memo to shareholders every April starting from 1997, the year Amazon went public. Jassy (pictured) published his first shareholder letter in 2022, focusing on topics such as ...
Reverse proxy startup ngrok debuts new Kubernetes networking tool
Reverse proxy startup ngrok Inc. today debuted the Ingress Controller for Kubernetes, a tool designed to help companies process network traffic sent to their Kubernetes clusters. The tool is launching a few months after the startup secured $50 million in Series A funding. Enterprise applications process inbound network traffic with the help of a system ...
EU raises competition concerns over Broadcom’s $61B VMware acquisition
The European Commission, the European Union’s executive branch, has determined that Broadcom Inc.’s proposed acquisition of VMware Inc. may harm market competition. The decision, which was released today, represents a preliminary view. A final decision is expected later this year. The development comes in connection with an antitrust investigation that the EU opened into the ...
Cerbos raises $7.5M for its open-source authorization platform
Cerbos, a startup with an open-source platform for managing user access to applications, today announced that it has raised $7.5 million in seed funding. OMERS Ventures led the round with participation from multiple angel investors. Cerbos, officially Zenauth Ltd., previously raised $3.5 million in 2021. The London-based startup said it will use the proceeds from ...