Maria Deutscher
Latest from Maria Deutscher
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 ...
OpenAI and Stripe ink technology partnership
OpenAI LP and Stripe Inc. have inked a technology partnership that will see the companies adopt one another’s cloud services. The companies announced the partnership today. OpenAI offers a paid version of its ChatGPT chatbot, ChatGPT Plus, that provides faster response times and other benefits for $20 per month. As part of its new partnership ...
Amazon debuts satellite antennas for connecting to its Project Kuiper network
Amazon.com Inc. today introduced three antenna modules that will enable users to connect to its Project Kuiper satellite network. Project Kuiper is an Amazon initiative that seeks to deploy thousands of internet satellites in low Earth orbit. Once operational, the network will be capable of providing wireless connectivity in regions with limited terrestrial internet infrastructure. ...