Maria Deutscher
Latest from Maria Deutscher
Autonomous driving startup Helm.ai raises $31M in new funding
Helm.ai Inc., the developer of a software platform that automakers can use to power self-driving vehicles, today announced that it has closed a $31 million funding round. The Series C round was led by Freeman Group. Honda Motor Co., ACVC Partners and Amplo participated as well, along with publicly traded auto parts makers Goodyear Tire ...
EU issues statement of objections over Meta’s classified ad practices
The European Commission, the European Union’s executive branch, today issued a statement of objections to Meta Platforms Inc. over its business practices in the classified ad market. Meta competes in the classified ad market with its Facebook Marketplace service. Last year, the EU opened an antitrust probe into the service to determine its impact on ...
Meta shares new details about metaverse investments
Meta Platforms Inc. today shared new details about its metaverse investments and announced plans to launch an updated version of the Oculus Rift 2 virtual reality headset next year. Meta obtained the Oculus line of VR headsets in 2014 through a $2 billion startup acquisition. Since then, the social media giant has brought several new ...
Intel debuts new release of its oneAPI multiprocessor software toolkit
Intel Corp. today introduced a new version of its oneAPI toolkit, which enables developers to build applications that can run on multiple types of processors. Many companies’ technology environments contain multiple kinds of chips. An organization might, for example, run its databases on central processing units and its artificial intelligence applications on graphics processing unit ...
Satellite company Maxar to be acquired by Advent International for $6.4B
Private equity firm Advent International today announced plans to acquire Maxar Technologies Inc., a major satellite manufacturer and operator, for $6.4 billion. The deal includes about $2 billion in debt. It values Maxar at $53 per share, a 129% premium to the Thursday closing price of the company’s stock. “Advent has a proven record of strengthening ...
Dropbox acquires document management startup FormSwift for $95M
Dropbox Inc. has inked a $95 million deal to buy startup FormSwift, which provides a cloud service that companies use to draft business documents. The company announced the acquisition today. The all-cash transaction closed on Thursday. San Francisco-based FormSwift provides a cloud service that offers access to hundreds of document templates. The catalog includes pre-packaged contracts ...
Blockchain startup Aztec Network raises $100M round led by Andreessen Horowitz
Blockchain startup Aztec Network today announced that it has secured a $100 million funding round led by Andreessen Horowitz. More than a half-dozen other investors also participated in the Series B round, which follows a $17 million raise that Aztec Network closed last year. The startup will use the new capital to hire more employees ...
Kyndryl introduces new cloud-native professional service offerings
Kyndryl Holdings Inc. today introduced new professional service offerings that will help organizations build and manage cloud applications. Kyndryl operated as a division of IBM Corp. until last November, when it spun out to become an independent company. Its shares are listed on the New York Stock Exchange. Kyndryl has about 90,000 employees and thousands ...
AWS, Microsoft, Meta and TomTom launch open map data consortium
Amazon Web Services Inc., Microsoft Corp., Meta Platforms Inc. and GPS navigator maker TomTom NV today launched a new industry group focused on making map data more accessible. The newly launched Overture Maps Foundation will operate as part of the Linux Foundation. Notably absent is Google LLC, perhaps an indication that other players view the ...
Pragmatic reels in $35M to manufacture chips without silicon
Pragmatic Semiconductor Ltd., a U.K.-based startup developing a new approach to chip production, today announced that it has raised $35 million from investors. The capital was provided as an extension to a Series C round that Pragmatic had originally closed last year. According to the startup, its latest raise included the participation of British Patient ...