Maria Deutscher
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Cohesity names former VMware COO Sanjay Poonen as CEO
Data management provider Cohesity Inc. today announced that it has appointed Sanjay Poonen, the former chief operating officer of VMware Inc., as its new president and chief executive officer. Poonen (pictured) is replacing Cohesity founder Mohit Aron, who has led the company since its launch in 2013. Aron will move to the role of chief ...
Uber’s shares soar as it more than doubles revenue
Uber Technologies Inc. today reported financial results for the second quarter, disclosing a 105% year-over-year revenue increase that topped analyst expectations. Uber closed the second quarter ended June 30 with revenue of $8.1 billion. Financial analysts polled for the Refinitiv consensus estimate had expected $7.39 billion. The results sent Uber’s stock soaring almost 19% in ...
Cybersecurity training startup Cybrary nabs $25M in funding
Cybrary Inc., a startup with a popular cybersecurity training platform, today announced that it has raised $25 million in funding to support growth initiatives. The Series C funding round was led by existing Cybrary backers BuildGroup and Gula Tech Adventures. The startup has raised a total of $48 million from investors since launching in 2015. ...
Oracle reportedly implements layoffs as part of cost-cutting initiative
Oracle Corp. is laying off some employees in the San Francisco Bay Area and at its customer experience software division, according to two reports published today. The Information today cited a source with knowledge of the matter as saying that Oracle has already begun laying off employees in the Bay Area. Separately, Bloomberg reported that ...
UiPath acquires Re:infer to expand its AI capabilities
UiPath Inc. has acquired Re:infer Ltd., a startup with a natural language processing platform that helps companies increase their operational efficiency. UiPath announced the acquisition today. Re:infer previously raised $11.2 million in funding from investors. New York-based UiPath is a publicly traded provider of robotic process automation, or RPA, software. The company’s RPA platform can ...
Check Point Software reports significantly accelerated growth for the second quarter
Check Point Software Technologies Ltd. today posted second-quarter revenue and adjusted earnings that reached the high end of its guidance. Check Point Software is one of the top providers of cybersecurity software for the enterprise. The company sells products that help organizations secure their cloud environments, protect employee devices and scan network traffic for malicious ...
Amazon to shut down its Amazon Drive file storage service
Amazon.com Inc. has notified customers that its Amazon Drive cloud-based file storage storage will be shut down at the end of next year. The move was announced to users early today. Amazon Drive launched in 2011, about a year before Google LLC introduced Google Drive. The service enables every customer of the online retail and ...
Video management provider Panopto makes $383M bid for rival Kaltura
Panopto Inc., a major provider of video management software, has reportedly offered to acquire competitor Kaltura Inc. for $383 million. Panopto made the offer in a letter to Kaltura’s board that was obtained by Bloomberg on Thursday. The company’s bid values Kaltura, which is listed on the Nasdaq, at $3 per share. That represents a ...
FeatureByte launches with $5.7M in funding to streamline enterprise AI projects
FeatureByte Inc., a startup working to simplify the task of developing artificial intelligence applications, today launched from stealth mode with $5.7 million in seed funding. Glasswing Ventures and Tola Capital led the round. FeatureByte’s co-founders, Chief Executive Officer Razi Raziuddin and chief product officer Xavier Conort, previously worked at AI startup DataRobot Inc. in leadership ...
Alphabet’s DeepMind uses AI to predict 200M+ protein structures
Alphabet Inc.’s DeepMind unit has used AlphaFold, an internally developed artificial intelligence system, to predict the structure of most proteins known to science. DeepMind announced the milestone today. The Alphabet unit is making data on the protein structures predicted by its AI system available to scientists through UniProt, a freely accessible protein database. DeepMind expects ...