Maria Deutscher
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Microsoft open-sources AI algorithms for optimizing farm operations
Microsoft Corp. today open-sourced FarmVibes.AI, a collection of artificial intelligence models that farm operators can use to perform tasks such as planting crops more efficiently. FarmVibes.AI is one of several technologies that Microsoft has developed as part of an initiative dubbed Project FarmVibes. According to the company, the initiative seeks to use software and connected ...
Altana raises $100M for its AI-powered supply chain platform
Supply chain startup Altana Technologies Inc. today announced that it has raised a $100 million funding round led by Activate Capital. The Series B round also included contributions from more than a half-dozen other investors. The group included Prologis Ventures, Reefknot Investments, Four More Capital, Amadeus Capital Partners, Floating Point and Ridgeline Partners. Alphabet Inc.’s ...
Managed cybersecurity startup Arctic Wolf raises $401M in fresh financing
Arctic Wolf Networks Inc., a major provider of managed cybersecurity services, today announced that it has raised $401 million from investors through a convertible notes offering. A convertible note is a type of loan popular among startups. Usually, such loans are structured in such a way that the startup receiving the financing can pay it ...
DeepMind details new AI system for developing algorithms
Alphabet Inc.’s DeepMind unit today detailed AlphaTensor, an artificial intelligence system capable of discovering new algorithms that can be used to solve mathematical problems. DeepMind researchers have used AlphaTensor to develop a new way of performing matrix multiplications. A matrix multiplication is a type of calculation that AI applications and certain other programs use extensively ...
Amazon to invest $150M in funds that back underrepresented entrepreneurs
Amazon.com Inc. will invest $150 million in venture capital firms, accelerators, incubators and venture studios that provide funding to entrepreneurs from underrepresented backgrounds. The investment will be made as part of an initiative called Amazon Catalytic Capital that Amazon announced today. Over the next year, the company expects to support more than 10 funds and ...
Cybersecurity provider NetSPI nabs $410M investment from KKR
Cybersecurity services and software provider NetSPI LLC today announced that it has received $410 million in growth funding from private equity firm KKR. NetSPI will use the capital to grow its workforce, develop new technologies and expand its international business operations. The company added that a part of the funding from KKR will go toward ...
Apollo GraphQL debuts cloud-based ‘supergraph’ platform
Data management startup Apollo GraphQL today debuted GraphOS, a new “supergraph” platform designed to make it easier for developers to work with data. San Diego-based Apollo, officially Apollo Graph Inc., is backed by more than $183 million in funding. The startup commercializes GraphQL, an open-source technology that is used by more than 30% of the ...
Securiti raises $75M and launches new data management platform
Startup Securiti Inc. today announced that it has closed a $75 million funding round led by Owl Rock Capital with participation from Mayfield and General Catalyst. In conjunction with the Series C funding, Securiti debuted its newest product, the DataControls Cloud. According to the startup, the product makes it easier for enterprises to secure and ...
Elon Musk reportedly offers to proceed with $44B Twitter acquisition and stock jumps
Elon Musk has reportedly offered to proceed with his pending acquisition of Twitter Inc., which the Tesla Inc. chief executive previously sought to scrap. Bloomberg reported the development today, citing multiple sources familiar with the matter. According to the sources, Musk offered to purchase Twitter for $54.20 per share, the price set in his original ...
Micron to invest up to $100B in New York memory chip fab
Micron Technology Inc. will spend up to $100 billion to build a semiconductor plant in Clay, New York, that will produce cutting-edge memory chips. Micron announced the initiative this morning. The company stated that the upcoming semiconductor plant, or fab, will be the largest chip production facility ever built in the U.S. once construction is ...