Maria Deutscher
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Flying taxi startup Volocopter raises $170M in funding
Volocopter GmbH, a startup developing flying taxis and cargo drones, today announced that it has raised $170 million in funding at a pre-money valuation of $1.7 billion. The investment was led by South Korea-based WP Investment with participation from Atlantia, Whysol, btov Partners and others. The new funding is the first tranche of a larger ...
Private equity firm Hellman & Friedman buys 7.5% stake in Splunk
Private equity firm Hellman & Friedman Inc. has acquired a 7.5% stake in Splunk Inc. Hellman & Friedman confirmed the investment in a regulatory filing. The Wall Street Journal reported the move today. San Francisco-based Splunk provides a widely used data analytics platform of the same name. Companies use the platform to find and troubleshoot technical ...
Microsoft suspends new sales in Russia as other tech firms take similar steps
Microsoft Corp. is suspending all new sales in Russia following similar moves from other major tech firms including Apple Inc. and Google LLC. Microsoft President and Vice Chair Brad Smith announced the move in a blog post this morning. “We are announcing today that we will suspend all new sales of Microsoft products and services ...
VISO Trust raises $11M for its cybersecurity evaluation platform
Startup VISO Trust, which helps enterprises ensure that the cloud services and other technology products they use are secure, has raised a $11 million funding round led by Bain Capital Ventures. Work-Bench, Sierra Ventures and Lytical Ventures also participated in the round, which was announced today. The investment firms were joined by three prominent cybersecurity ...
Graphcore debuts 3D AI chip with new wafer-on-wafer technology
Chip startup Graphcore Ltd. today introduced a new artificial intelligence processor, the Bow IPU, that uses an innovation dubbed wafer-on-wafer technology to speed up calculations. U.K.-based Graphcore is backed by more than $680 million in venture funding. The startup has shipped tens of thousands of AI processors in recent years to customers such as cloud ...
Luminous Computing raises $105M to build a photonics-powered AI supercomputer
Startup Luminous Computing Inc., which is developing a new kind of supercomputer for running artificial intelligence models, today said that it has closed a $105 million funding round. The Series A round included the participation of more than a half-dozen investors. The participants included Gigafund, Bill Gates, 8090 Partners, Neo, Third Kind Venture Capital, Alumni ...
Certa raises $15M to streamline supplier onboarding in the enterprise
Certa, a startup helping enterprises speed up the process of onboarding new suppliers, today announced that it has closed a $15 million early-stage funding round. San Francisco-based Certa, incorporated as Opinr Inc., said that Point72 Ventures led the Series A round. Prominent tech entrepreneur and investor Justin Kan, Dropbox Inc. Chief Executive Officer Drew Houston, ...
Apple announces March 8 event where new iPhone SE could debut
Apple Inc. will hold an event next week where it’s expected to introduce a new iteration of the iPhone SE, as well as upgraded versions of the iPad Air and Mac mini. The digital-only event is set to take place at 10 a.m. Pacific Time on Tuesday, March 8. Peek performance. March 8th. See you ...
Intel, AMD and others team up to develop industry standard for chiplet technology
Several major chipmakers today announced they’re teaming up to create an industry standard for chiplet technology, an important component of many modern processors. The companies participating in the initiative include ASE Inc., Advanced Micro Devices Inc., Arm Ltd., Intel Corp., Qualcomm Inc., Samsung Electronics Co. Ltd. and TSMC Ltd. They’re joined by Microsoft Corp., Facebook parent ...
Bright Security raises $20M to make enterprise applications more secure with AI
Bright Security Inc., a startup using artificial intelligence to help companies improve the security of their applications, has closed a $20 million funding round led by Evolution Equity Partners. Existing investors DNX Ventures, J-ventures, Fusion Fund and Incubate Fund also participated in the round, which was announced by Bright Security today. The San Francisco-based startup ...