Maria Deutscher
Latest from Maria Deutscher
The European Commission, the European Union’s executive branch, today proposed new legislation designed to improve the security of connected devices. The legislation is known as the Cyber Resilience Act. It covers “wired and wireless products that are connected to the internet,” according …
HR startup Atlas secures up to $200M in funding from Sixth Street Growth
Atlas Technology Solutions Inc., a startup with a cloud-based human resource management platform, today announced that it has secured an investment worth up to $200 million from Sixth Street Growth. The startup will use the Series B investment to fund international expansion …
Adobe to acquire interface design startup Figma for $20B
Adobe Inc. has inked a $20 billion cash-and-stock deal to acquire Figma Inc., a startup with a popular user interface development tool of the same name. The companies announced the acquisition today. Adobe will finance half the $20 billion it has agreed …
Twilio lays off 11% of workforce as part of restructuring plan
Cloud communications provider Twilio Inc. today disclosed that it’s laying off 11% of its workforce as part of a restructuring plan designed to reduce costs. Twilio provides cloud services that software developers use to embed messaging and videoconferencing features into their applications. …
Former top Cisco executives launch networking startup Nile
Nile, a startup co-founded by former Cisco Systems Inc. executives John Chambers and Pankaj Patel, today launched from stealth mode with a new enterprise networking platform. Chambers served as the chief executive officer of Cisco for more than two decades until 2015. Patel …
EU court largely upholds $4.3B antitrust fine against Google over Android practices
The European Union’s second-highest court, the General Court, has largely upheld an antitrust fine that was issued to Google LLC over its business practices in the mobile industry. The General Court released its decision today. The European Commission, the EU’s executive branch, …
Litmus raises $30M for its industrial IoT platform
Startup Litmus Automation Inc. today announced that it has closed a $30 million funding round led by Belden Inc., a publicly traded maker of industrial equipment. Litmus will use the Series B round to expand the adoption of its namesake industrial “internet …
TeraWatt raises $1B+ to expand its network of electric vehicle charging centers
TeraWatt Infrastructure Inc., a startup that builds and operates electric vehicle charging centers, has secured more than $1 billion in an early-stage funding. The startup announced the Series A funding round this morning. Vision Ridge Partners, an investment firm that backs sustainable …
Zesty secures $75M in funding to reduce companies’ cloud costs
Cloud infrastructure optimization startup Zesty Tech Ltd. today announced that it has secured a $75 million funding round. The Series B funding round was jointly led by B Capital and Sapphire Ventures. Existing Zesty backers Next47 and S-Capital participated as well. Since …
Cledara raises $20M to simplify cloud application management
Cledara Ltd., a startup helping companies manage the software-as-a-service applications used by their employees, today announced that it has secured a $20 million funding round. The Series A round was led by CommerzVentures, a venture capital firm focused on the financial technology …