Maria Deutscher
Latest from Maria Deutscher
SandboxAQ receives post-quantum cryptography contract from the US Air Force
SandboxAQ, a startup that spun out of Alphabet Inc. earlier this year, has won a contract to help the U.S. Air Force implement post-quantum cryptography. The contract was announced today. SandboxAQ, officially SB Technology Inc., originally launched in 2016 as an internal project at Alphabet’s X research division. SandboxAQ spun out of Alphabet in March ...
PTC to acquire field service software maker ServiceMax for $1.46B
PTC Inc., a publicly traded provider of software for manufacturers, has inked a deal to acquire ServiceMax Inc. for $1.46 billion. The companies announced the transaction on Thursday. PTC is acquiring ServiceMax from private equity firm Silver Lake, which in turn purchased the company from General Electric Co. in 2018. ServiceMax provides a field service ...
Nrwl raises $8.6M to speed up software development
Nrwl, a startup with a popular software development tool used by half of the Fortune 500, today announced that it has closed a $8.6 million seed funding round. Andreessen Horowitz and Nexus Venture Partners jointly led the round. A number of angel investors participated as well. The task of turning software code written by a ...
AWS launches new infrastructure region in Spain
Amazon Web Services Inc. on Tuesday launched a new infrastructure region in Spain that will enable local customers to access cloud services with less latency. An AWS region is a cluster of cloud data centers located in the same geographic area. The cluster is organized into so-called Availability Zones, each of which includes one or ...
Palo Alto Networks acquires cybersecurity startup Cider Security
Updated with announcement and earnings: Palo Alto Networks Inc. has acquired cybersecurity startup Cider Ltd. Under the definitive agreement, announced today, the cybersecurity firm will acquire Cider for about $195 million, excluding the value of replacement equity awards. The acquisition is expected to close during Palo Alto Networks’ second quarter of fiscal 2023. The announcement followed ...
IBM teams up with Algorithmiq to use quantum computers for drug discovery
IBM Corp. is teaming up with startup Algorithmiq Inc. to explore ways that quantum computers could be used to speed up drug discovery. The companies announced the partnership today. IBM is pursuing a multiyear research effort focused on developing a large-scale quantum computer. It’s believed that such a system would be capable of performing calculations too ...
Microsoft rolls out SQL Server 2022 with new cloud capabilities
Microsoft Corp. today released SQL Server 2022, the latest release of its popular SQL Server relational database. SQL Server can run in the cloud and on on-premises infrastructure. The latest release of the database that Microsoft rolled out today includes several new features powered by services in the company’s Azure cloud platform. The release also ...
Nvidia and Microsoft partner to build AI supercomputer
Nvidia Corp. today announced that it’s partnering with Microsoft Corp. to build a supercomputer optimized for running artificial intelligence software. The system will be one of the most powerful AI supercomputers in the world, the companies stated. It will be implemented in Microsoft’s Azure public cloud platform. “AI technology advances as well as industry adoption ...
Attabotics reels in $71.7M for its warehouse automation system
Startup Attabotics Inc., which develops technology that makes logistics warehouses more efficient, has raised $71.7 million in new funding to support growth initiatives. The company raised the funding through a Series C-1 round announced this morning. Export Development Canada led the round, while the Ontario Teachers’ Pension Plan Board participated as well. Attabotics’ total outside ...
Activist investor TCI urges Alphabet to reduce costs
Activist investor TCI Fund Management LLP today released a letter calling on Google LLC parent Alphabet Inc. to reduce costs. The letter, which is addressed to Alphabet Chief Executive Officer Sundar Pichai, focuses on three main areas. TCI is calling on the search giant to increase its EBIT margin, a metric that tracks earnings before interest ...