Maria Deutscher
Latest from Maria Deutscher
Retail technology startup Swiftly closes $100M funding round at $1B+ valuation
Startup Swiftly Systems Inc., which develops software tools that retailers use to increase sales, today announced that it has secured a $100 million funding round led by BRV Capital Management. The Series C round comes six months after Swiftly secured another $100 million investment. The startup, which has raised a total of $210 million to date, ...
Intel to rebrand its Pentium and Celeron laptop chip lineups
Intel Corp. will rebrand its Pentium and Celeron lines of entry-level laptop processors next year, the company announced today. The two processor lines will be offered under a new brand, Intel Processor, beginning in the first quarter of 2023. Intel said that the change is designed to simplify the purchasing experience for customers. “Intel is ...
White House releases framework for regulating digital assets
The White House today released a regulatory framework designed to address risks in the cryptocurrency ecosystem, as well as support the development of new digital asset technologies. The release of the framework comes six months after President Joe Biden signed an executive order that directed the government to address the risks and harness the benefits ...
EU proposes new cybersecurity rules for connected devices
The European Commission, the European Union’s executive branch, today proposed new legislation designed to improve the security of connected devices. The legislation is known as the Cyber Resilience Act. It covers “wired and wireless products that are connected to the internet,” according to the Commission. The legislation includes exceptions for certain types of systems, such ...
HR startup Atlas secures up to $200M in funding from Sixth Street Growth
Atlas Technology Solutions Inc., a startup with a cloud-based human resource management platform, today announced that it has secured an investment worth up to $200 million from Sixth Street Growth. The startup will use the Series B investment to fund international expansion and product development initiatives. Previously, Atlas raised a $20 million funding round in ...
Adobe to acquire interface design startup Figma for $20B
Adobe Inc. has inked a $20 billion cash-and-stock deal to acquire Figma Inc., a startup with a popular user interface development tool of the same name. The companies announced the acquisition today. Adobe will finance half the $20 billion it has agreed to pay using cash and the other half with stock. Investors weren’t so ...
Twilio lays off 11% of workforce as part of restructuring plan
Cloud communications provider Twilio Inc. today disclosed that it’s laying off 11% of its workforce as part of a restructuring plan designed to reduce costs. Twilio provides cloud services that software developers use to embed messaging and videoconferencing features into their applications. Over recent years, the company has also expanded into other markets. Twilio in ...
Former top Cisco executives launch networking startup Nile
Nile, a startup co-founded by former Cisco Systems Inc. executives John Chambers and Pankaj Patel, today launched from stealth mode with a new enterprise networking platform. Chambers served as the chief executive officer of Cisco for more than two decades until 2015. Patel was the networking giant’s chief development officer and led its product development efforts. ...
EU court largely upholds $4.3B antitrust fine against Google over Android practices
The European Union’s second-highest court, the General Court, has largely upheld an antitrust fine that was issued to Google LLC over its business practices in the mobile industry. The General Court released its decision today. The European Commission, the EU’s executive branch, fined Google 4.343 billion euros or about $4.3 billion in 2018 over its ...
Litmus raises $30M for its industrial IoT platform
Startup Litmus Automation Inc. today announced that it has closed a $30 million funding round led by Belden Inc., a publicly traded maker of industrial equipment. Litmus will use the Series B round to expand the adoption of its namesake industrial “internet of things” platform. Additionally, the startup plans to partner with Belden on a ...