Maria Deutscher
Latest from Maria Deutscher
Blockchain intelligence startup TRM Labs raises $70M in additional funding
TRM Labs Inc., a startup with a platform for tracking digital asset transactions, today announced that it has secured a $70 million investment led by Thoma Bravo. The investment was provided as an extension to a Series B funding round that TRM Labs had announced in late 2021. In the first part of the Series B ...
Nvidia teams up with Rescale to simplify cloud-based AI projects
Nvidia Corp. has partnered with Rescale Inc., a high-performance computing startup, to ease the task of running artificial intelligence applications on public cloud infrastructure. Announced today, the partnership includes multiple components. Rescale will integrate its technology with several of Nvidia’s AI development and deployment tools. Additionally, the startup is rolling out a software capability that ...
Meta lays off 11,000 employees in first major workforce reduction since launch
Meta Platforms Inc. is letting go more than 11,000 employees, or about 13% of its workforce, in what represents the first major round of layoffs at the company since its launch. Meta Chief Executive Officer Mark Zuckerberg announced the layoffs in a memo released today. The announcement was widely anticipated, with the Wall Street Journal ...
Zoom rolls out new email and calendar tools
Zoom Video Communications Inc. is upgrading its videoconferencing platform with a new set of email and calendar features. The features made their debut today at the company’s annual Zoomtopia 2022 product event. During the event, Zoom also introduced an artificial intelligence assistant for fielding customer support requests and new developer tools. Users can now access ...
Renault names Google Cloud its preferred cloud provider
Automaker Renault SA today named Google LLC’s cloud business as its preferred cloud provider. Renault is one of the world’s largest car and van manufacturers. In 2021, the France-based company sold 2.7 million vehicles and generated revenue of more than than 45 billion euros. Renault has used Google Cloud since 2018 to support internal technology ...
Chiplet interconnect startup Eliyan raises $40M in funding
Eliyan Corp., a startup developing technology for building chiplet-based processors, today announced that it has closed a $40 million funding round. The Series A round was led by Tracker Capital. Celesta Capital participated as well along with Intel Capital and Micron Ventures. Eliyan is developing a technology called NuLink that makes it possible to build ...
Palantir shares decline 11% after mixed third-quarter results
Shares of Palantir Technologies Inc. declined more than 11% today after the company posted mixed financial results for the third quarter ended Sept. 30. Palantir sells two software products, Gotham and Foundry, that enable organizations to analyze data from multiple sources. Gotham is designed for use by government agencies. Foundry is primarily geared towards private ...
OutSystems acquires mobile app development startup Ionic
Low-code software development specialist OutSystems Inc. today announced that it has acquired Ionic, a startup with a popular suite of tools for building mobile apps. The terms of the acquisition were not disclosed. OutSystems is a Boston-based startup backed by more than $572 million in funding. It provides a low-code development platform that enables software ...
Lidar sensor makers Ouster and Velodyne to merge
Ouster Inc. and Velodyne Labs Inc., two major suppliers of lidar sensors for autonomous vehicles, today announced plans to merge in an all-stock transaction. Velodyne investors will receive 0.8204 Ouster shares for every share of the sensor maker. That represents a 7.8% premium to the Friday closing price of the former company’s stock. After the completion ...
Meta develops new hardware-efficient video processing method
Meta Platforms Inc. today detailed an internally developed computing method that makes it possible to process some types of video content up to 94% more efficiently than before. According to the company, the technology will help it more efficiently process videos that users upload to Instagram. When a user uploads a clip to Instagram, Meta’s ...