Maria Deutscher
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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 ...
Materialize debuts upgraded version of its streaming database
Materialize Inc. today introduced new capabilities for its namesake streaming database, which makes it easier to build applications that process data in real time. New York-based Materialize launched from stealth mode in 2020 and is backed by more than $100 million in funding. The startup’s investors include prominent venture capital firms such as Kleiner Perkins ...
Tally raises $80M at $855M valuation for its debt payoff app
Tally Technologies Inc., the developer of an app that helps users more easily pay off credit card debt, today announced that it has secured a $80 million late-stage funding round. The Series D funding round was led by Sway Ventures. Menora Mivtachim, Kleiner Perkins, Andreessen Horowitz, Shasta Ventures and Cowboy Ventures participated as well. The investment ...
Automation Anywhere secures $200M in new financing
Robotic process automation provider Automation Anywhere Inc. today announced that it has secured $200 million in new financing. The financing was provided by Hercules Capital, Silicon Valley Bank and SVB Capital, the venture capital arm of Silicon Valley Bank’s parent company. “We continue to be optimistic about the near-term opportunities for Automation Anywhere, as more ...
Google Cloud expands its cybersecurity and automation capabilities
Google LLC’s cloud business on Thursday debuted new features that will enable companies to secure and manage their cloud environments more easily. The first new feature, Workforce Identity Federation, is rolling out for the Google Cloud IAM service. Google Cloud IAM enables companies to centrally manage which employees can access what component of their cloud ...
AWS enhances Amazon Workspaces with new virtual desktop features
Amazon Web Services Inc. today updated Amazon Workspaces, its desktop virtualization suite, with new features that will enable customers to use the offering in more ways. Workspaces enables companies to create cloud-based virtual desktops that their workers can access via a browser. Companies use virtual desktops because they’re easier to manage than on-premises workstations in ...
Meta debuts AI system that can generate videos from text
Meta Platforms Inc. today debuted Make-A-Video, an internally developed artificial intelligence system that can generate brief videos based on text prompts. Make-A-Video can take a few words or lines of text as input and use them to generate a clip that is a few seconds long. According to Meta, the AI system is also capable ...
Data management provider Aiven acquires Kafka startup Kafkawize
Aiven Ltd., a startup that provides managed cloud versions of open-source data management tools, has acquired fellow startup Kafkawize Technology Solutions. Aiven announced the deal today. Financial terms were not disclosed. The acquisition comes a few months after Aiven raised $210 million in funding from a consortium that included BlackRock, Salesforce Ventures and other major ...
Workstream raises $60M in funding for its cloud-based hiring platform
Workstream Inc., a startup with a cloud-based hiring platform that helps companies recruit workers faster, has raised $60 million in funding to support growth initiatives. The San Francisco-based company announced the investment today. The investment was provided as an extension to a $48 million Series B funding round that Workstream announced last year. GGV Capital ...
Financial technology provider Billtrust to be acquired by EQT for $1.7B
Billtrust, a publicly traded financial technology provider, today announced that it has agreed to be acquired by investment firm EQT in a $1.7 billion transaction. The acquisition values Billtrust at $9.5 per share. That represents a 64% premium to the price at which the company’s stock closed on Tuesday. Billtrust, officially BTRS Holdings Inc., sells ...