Maria Deutscher
Latest from Maria Deutscher
Scale Computing raises $55M to streamline edge computing infrastructure
Edge computing firm Scale Computing Inc. today announced that it has closed a $55 million funding round led by Morgan Stanley Expansion Capital. Indianapolis-based Scale Computing will use the capital to accelerate product development initiatives and restructure debt. Historically, a task such as processing error logs from a sensor installed in a factory often involved ...
STMicro and GlobalFoundries to build $5.7B semiconductor fab in France
Chipmakers STMicroelectronics NV and GlobalFoundries Inc. today announced plans to build a new semiconductor production facility in France. The plant will be built with “significant financial support” from the French government, the companies stated. Reuters reported that the project is expected to cost $5.7 billion. The Register,reported that the plant will specialize in producing wafers, the ...
Oracle to launch sovereign cloud regions in the EU
Oracle Corp. today announced plans to expand its OCI cloud platform by launching sovereign cloud regions in the European Union. A region is the industry term for a cluster of data centers located in the same area. Oracle’s upcoming sovereign cloud regions are data centers located in the EU that are intended to host sensitive ...
Meta develops AI system for reviewing Wikipedia citations
Meta Platforms Inc. has developed an artificial intelligence system that can scan a Wikipedia article, analyze the sources cited by the article and identify if some of them may need to be changed. Meta detailed the AI system today. The company also released the code for the system under an open-source license. Wikipedia editors ensure ...
Report: Google proposed spinning off parts of ad tech unit to avoid antitrust lawsuit
Google LLC has raised the possibility of spinning off parts of its advertising technology business into a separate company, the Wall Street Journal reported today. After the spinoff, the new company would reportedly operate under the Alphabet Inc. corporate umbrella. Alphabet is the holding company that includes Google. The proposed spinoff is said to be ...
Cyber insurance startup Coalition valued at $5B after latest $250M funding round
Startup Coalition Inc., which provides cybersecurity insurance policies and breach detection software for businesses, today announced that it has secured a $250 million funding round at a $5 billion valuation. The funding was provided by a consortium that included insurance giant Allianz SE’s Allianz X investment arm, Valor Equity Partners, Kinetic Partners and others. Coalition’s ...
Adaptive raises $6.5M to simplify accounting for construction companies
Adaptive Real Estate Inc. on Wednesday announced that it has secured a $6.5 million funding round led by Andreessen Horowitz. The round also included the participation of investment firms 3KVC, BoxGroup, Exponent and Definition. Executives from prominent financial technology startups such as Airbase Inc., Brex Inc. and Ramp Business Corp. participated as well, TechCrunch reported ...
SUSE posts 18% sales growth amid continued enterprise demand
Enterprise software maker SUSE SA today reported its second-quarter financial results, disclosing that its adjusted revenue grew 18% year-over-year, to $161.3 million. The company also posted a significant profit increase during the three months ended April 30. Germany-based SUSE provides a Linux distribution known as SUSE Server that is widely used in the enterprise. The ...
Healthcare software provider Tebra secures $72M+ investment
Tebra Technologies Inc., a provider of software for independent healthcare practices, today announced that it has raised more than $72 million in new financing at a valuation exceeding $1 billion. The company says that the investment included a mix of equity and debt financing. It was led by Golub Capital, a major asset manager. Newport ...
Logistics startup Flexe closes $119M funding round at $1B+ valuation
Flexe Inc., a Seattle-based startup helping retailers optimize their supply chains, has secured $119 million in fresh funding at a valuation exceeding $1 billion. Flexe announced the funding round this morning. The round included contributions from new investor BlackRock as well as an array of returning backers. Activate Capital, Madrona Ventures, Prologis Ventures, Redpoint Ventures, ...