Maria Deutscher
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Report: Food delivery startup Wonder valued at $3.5B after $350M funding round
Wonder Distribution LLC, a new food delivery startup led by prominent e-commerce entrepreneur Marc Lore, has reportedly raised $350 million in funding at a $3.5 billion valuation. The investment was reported by the Wall Street Journal today. Wonder is said to have raised the funding last month from a consortium led by Bain Capital Ventures. ...
Sustainability data startup EcoVadis raises $500M funding round
Sustainability data startup EcoVadis Inc. today announced that it has closed a $500 million funding round led by private equity firm Astorg and BeyondNetZero, the climate investing arm of General Atlantic. The Series C round is described as the largest ever raised by a software-as-a-service startup in the sustainability data segment. Since launching in 2007, ...
Invoca raises $83M for its AI-powered contact center analytics platform
Invoca Inc., a startup using artificial intelligence to help companies optimize their contact center operations, today announced that it has closed a $83 million late-stage funding round at a $1.1 billion valuation. Silver Lake Waterman led the Series F round. It was joined by Hollyport Capital, Kingfisher Investment Advisors, Fenwick & West and several returning ...
Intel details its next-generation Intel 4 chip manufacturing process
Intel Corp. has shared new details about its next-generation Intel 4 chip manufacturing process, which will enable the company to produce faster and more power-efficient processors. Intel detailed the technology on Sunday at the 2022 IEEE VLSI Symposium, a major chip industry event. The company also previewed the first processors that it will produce using ...
Qualcomm acquires network software startup Cellwize to grow its carrier business
Qualcomm Inc. has acquired Cellwize Wireless Technologies Pte. Ltd., a startup with a software platform that helps carriers operate their networks more efficiently. Qualcomm didn’t disclose the financial terms in its announcement of the acquisition today. Tel Aviv-based Cellwize previously raised $56.5 million in funding from investors, most of it through a $32 million round ...
Amazon to launch Prime Air drone delivery service in Lockeford, California
Amazon.com Inc. will make its Prime Air drone delivery service available in Lockeford, California, later this year, the company announced today. The news marks an important milestone for Amazon’s drone delivery efforts. After launching Prime Air in Lockeford, in San Joaquin County south of Sacramento, the company plans to bring the service to additional locations. ...
Jack Dorsey’s TBD venture details Web5 platform
TBD, a venture launched by Jack Dorsey to develop blockchain-powered financial services, today detailed a new software platform dubbed Web5. Dorsey announced the launch of TBD in a tweet last July. The venture is part of Block Inc., a publicly traded payment processing provider that Dorsey co-founded in 2009 and leads as chief executive officer. ...
UK antitrust regulator to investigate Apple and Google over mobile app practices
The U.K.’s antitrust regulator, the Competition and Markets Authority, today announced plans to investigate Apple Inc. and Google LLC over their business practices in the mobile app ecosystem. The CMA is launching multiple investigations focused on three different areas. Officials plan to scrutinize the market power that Apple and Google possess in the mobile browser ...
Meta reportedly scales back plans for its upcoming AR glasses
Meta Platforms Inc. will not make its upcoming augmented reality glasses available to consumers as originally planned, according to two reports published on Thursday. Meta originally intended to make its AR glasses available to developers and early technology adopters. On Thursday, The Verge and The Information reported that the company now plans to distribute the ...
Apple reportedly developing supersized iPad Pro and laptops with new chips
Apple Inc. is reportedly developing an iPad Pro with a 14.1-inch display and laptops powered by faster versions of its newest M2 chip. The upcoming devices were detailed today in separate reports from Bloomberg and prominent display industry analyst Ross Young. Apple’s top-end iPad Pro features a 12.9-inch display. Next year, the company reportedly intends ...