Maria Deutscher
Latest from Maria Deutscher
Cryptocurrency exchange Gemini reportedly lets go 10% of workforce
Cryptocurrency exchange operator Gemini Trust Co. LLC is laying off 10% of its workforce, according to an internal memo published by The Information today. The headcount reduction is the third Gemini has made since last June. That month, following a decline in cryptocurrency prices, the company let go a tenth of its staff. A few ...
McKinsey acquires AI development startup Iguazio
Management consulting firm McKinsey & Co. today announced that it has acquired Iguazio Ltd., a startup with a platform for automating artificial intelligence development projects. The terms of the deal were not disclosed. Iguazio previously raised $72 million from Samsung Electronics Co. Ltd. and other investors. McKinsey is one of the largest players in the ...
AWS will invest $35B to expand its Virginia data center presence
Amazon Web Services Inc. will invest $35 billion by 2040 to build new data center infrastructure in Virginia. The investment plan was announced today. As part of the initiative, AWS will establish new data center campuses in “multiple regions” of Virginia. The exact locations of the data center campuses have not yet been decided. AWS ...
Client management startup Copilot secures $10M in funding
Copilot Platforms Inc., the developer of a cloud-based client management portal for service businesses, has secured $10 million in funding to support product development efforts. The company announced the Series A investment on Thursday. According to the startup, the capital was provided by YC Continuity and prominent angel investor Lachy Groom. It has raised a total ...
Alphabet to let go 12,000 employees amid broader tech layoffs
Google LLC parent Alphabet Inc. today announced plans to lay off about 12,000 employees, or about 6% of its global workforce. The job cuts affect multiple business units. According to the Wall Street Journal, Alphabet’s recruiting group and divisions focused on areas “outside of the company’s core businesses” will be particularly affected. According to CNBC, ...
Oro reels in $13M for its business-to-business commerce applications
Startup Oro Inc., which helps business-to-business companies create online stores and optimize related aspects of their sales efforts, has closed a $13 million funding round. Oro announced the round this morning. It was led by Zubr Capital with participation from returning backer Highland Europe. The investment brings Oro’s total outside funding to $25 million. The ...
Outrider raises $73M for its autonomous yard trucks
Outrider Technologies Inc., a startup developing autonomous yard trucks equipped with robotic arms, today announced that it has secured $73 million in new funding. The startup raised the capital through a Series C investment led by FM Capital. Outrider has received a total of $191 million from investors since launch. After a semi-truck carrying merchandise ...
Defense technology startup Vannevar Labs raises $75M in funding
Defense technology startup Vannevar Labs Inc. has raised a $75 million funding round led by Felicis Ventures. The Series B round, which was announced late Wednesday, also included the participation of a half dozen other investors. The group included DFJ Growth and Aloft VC, as well as returning backers General Catalyst, Point72 Ventures, Costanoa Ventures ...
AccSense raises $5M for its Okta data protection platform
Startup AccSense has raised $5 million in funding to expand the adoption of its namesake software platform, which helps companies protect their Okta environments from cyberattacks. AccSense, officially Empyrean Technologies Ltd., announced the seed funding round today. Joule Ventures was the lead investor. Gefen Capital, Fusion and a number of angel investors participated as well. Many ...
Bitwarden acquires passwordless authentication startup Passwordless.dev
Cybersecurity provider Bitwarden Inc. has acquired Passwordless.dev, a startup that helps companies add passwordless login features to their applications, in a deal announced this morning. Santa Barbara, California-based Bitwarden provides one of the industry’s most popular password managers. The application is used by millions of consumers worldwide. Bitwarden also offers an enterprise version that includes additional ...