Maria Deutscher
Latest from Maria Deutscher
The European Union is preparing to launch an antitrust probe into Microsoft Corp. over its Teams video conferencing and messaging service, Politico reported today. Sources familiar with the matter told Politico that the EU plans to “escalate the probe quickly.” As part …
Extreme Networks stock drops 14%+ despite quarterly results topping expectations
Shares of Extreme Networks Inc. dropped more than 14% today despite the company posting better-than-expected quarterly earnings and raised its full-year revenue guidance. In conjunction with the release of its quarterly results, Extreme Networks announced the resignation of Chief Financial Officer Rémi Thomas. …
Strata bags $26M to simplify application access management for enterprises
Startup Strata Identity Inc., which helps companies more efficiently manage how users access their applications, has closed a $26 million Series B funding round. Strata announced the round this morning. The lead investor was Telstra Ventures, the venture capital fund of Australian …
CoreWeave acquires cloud rendering startup Conductor
Cloud infrastructure startup CoreWeave Inc. today announced that it has acquired Conductor Technologies Inc., a provider of rendering software, to expand its product portfolio. The terms of the deal were not disclosed. Roseland, New Jersey-based CoreWeave is backed by more than $155 …
Snyk receives $25M strategic investment from ServiceNow
ServiceNow Inc. today announced that it has made a strategic investment in Snyk Ltd., a well-funded startup focused on helping developers detect and fix code vulnerabilities. The Wall Street Journal reported that the investment is worth $25 million. Besides buying a stake …
Komprise nabs $37M for its unstructured data management platform
Komprise Inc. has raised $37 million in funding to expand the adoption of its data management platform, which the startup says can help companies move on-premises workloads to the cloud more efficiently. The Campbell, California-based company announced the investment today. The participating investors …
Justice Department and eight states sue Google to break up its ad tech business
The U.S. Department of Justice and eight states today filed an antitrust lawsuit against Google LLC that seeks to break up the search giant’s advertising technology business. The states participating in the litigation are Virginia, California, Colorado, Connecticut, New Jersey, New York, …
Stripe becomes a strategic payments partner for Amazon
Amazon.com Inc. plans to broaden its use of Stripe Inc.’s payment processing platform significantly as part of an expanded partnership that the companies announced today. Stripe, in turn, will expand its use of Amazon Web Services Inc.’s public cloud. The payments startup …
Cryptocurrency exchange Gemini reportedly lets go 10% of workforce
Cryptocurrency exchange operator Gemini Trust Co. LLC is laying off 10% of its workforce, according to an internal memo published by The Information today. The headcount reduction is the third Gemini has made since last June. That month, following a decline in …
McKinsey acquires AI development startup Iguazio
Management consulting firm McKinsey & Co. today announced that it has acquired Iguazio Ltd., a startup with a platform for automating artificial intelligence development projects. The terms of the deal were not disclosed. Iguazio previously raised $72 million from Samsung Electronics Co. …