Maria Deutscher
Latest from Maria Deutscher
GlobalFoundries IPO raises $2.6B as chipmaker plans to expand production capacity
GlobalFoundries Inc. started trading on the Nasdaq stock exchange this morning after an initial public offering that priced at the top end of the target range and raised about $2.6 billion. GlobalFoundries is currently trading under the ticket symbol GFS at about $45 per share, down slightly from the initial IPO price of $47 a ...
Alchemy raises $250M at $3.5B valuation for its blockchain-focused developer tools
Alchemy Insights Inc. today announced that it has raised $250 million in funding at a $3.5 billion valuation, about seven times what the startup was worth six months ago, to help developers build blockchain-based apps. San Francisco-based Alchemy says its sales have grown even faster than its valuation over the past six months. The startup’s ...
Observability provider Dynatrace tops expectations with latest quarterly results
Dynatrace Inc. can now boast of topping analysts’ revenue expectations in each of the past four quarters after growing sales by 34% in the three months ended Sept. 30, to $226 million. The company also detailed in its fiscal second-quarter earnings report today that 94% of its revenue came from subscriptions. Dynatrace provides a cloud ...
Intel’s new flagship desktop processor ups performance with hybrid core design
Intel Corp. today debuted the next major iteration of its central processing unit line for desktops, the 12th Generation Core series, which is launching with an initial roster of six chips made using the Intel 7 manufacturing process. Intel 7 is an enhanced version of the company’s 10-nanometer process. The six initial chips are headlined by ...
Returning to public markets, Informatica raises $841M in IPO
Informatica LLC, the enterprise data management specialist, has raised $841 million in its initial public offering by selling 29 million shares to investors at $29 apiece. Following the Tuesday afternoon stock sale, Informatica’s shares debuted on the New York Stock Exchange this morning below the IPO price, but soon recovered their losses. The company is ...
Tactile Mobility reels in $27M for its virtual vehicle sensor technology
Startup Tactile Mobility Ltd., whose platform uses data from vehicle sensors for tasks such as identifying road hazards, today said it has closed a $27 million funding round led by Delek Motors to enhance its technology and expand into more markets. Israel-based Tactile Mobility has received a total of $47 million from investors to date. ...
Amazon’s Project Kuiper satellite unit partners with Verizon on connectivity initiative
Amazon.com Inc.’s Project Kuiper unit, which plans to launch thousands of internet satellites into low Earth orbit, is teaming up with Verizon Communications Inc. to deliver networking services to consumers and enterprises. Amazon is one of several companies building satellite-powered internet networks. SpaceX Corp. is the online retail and cloud computing giant’s most prominent competitor ...
AWS launches quantum computing research center in partnership with Caltech
The California Institute of Technology today announced that Amazon Web Services Inc. is opening a new research hub on the university’s campus to develop cutting-edge quantum computing technology. The research hub, called the AWS Center for Quantum Computing, is reportedly opening this week. It’s located inside a two-story facility in the northeast corner of the ...
Commvault posts 12% recurring revenue jump but misses expectations and stock plunges
Data protection and data management provider Commvault Systems Inc. this morning posted second-quarter earnings that showed continued growth in recurring revenues, but fell short of analyst expectations. Investors were alarmed, and the stock was falling almost 19% in trading today. Commvault’s sales reached $177.8 million in the three months ended Sept. 30, up 4% from the ...
Cisco expands Webex hybrid work portfolio with new AI features and devices
Cisco Systems Inc. today debuted a slew of additions to its Webex portfolio of communications products, including artificial intelligence features designed to optimize meetings and new hardware devices. The company detailed the enhancements at its WebexOne 2021 event running virtually today and tomorrow. The Webex product portfolio is headlined by the popular videoconferencing service of ...