Maria Deutscher
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Amazon closes its $8.45B acquisition of MGM
Amazon.com Inc. has closed its $8.45 billion acquisition of storied film studio MGM, the company announced today. The milestone comes nearly a year after Amazon announced plans to acquire MGM last March. Founded nearly a century ago, MGM has created more than 4,000 film titles and 17,000 TV episodes, winning 180 Academy Awards and 100 Emmy ...
AWS to invest $2.3B+ in UK data centers over the next two years
Amazon Web Services Inc. on Wednesday announced that it will spend more than £1.8 billion, or about $2.37 billion, to build and operate data centers in the U.K. The investment will be made over the next two years, AWS said. According to the company, the move will double the total value of the investments it ...
TruEra raises $25M for its AI reliability technology
Artificial intelligence startup TruEra Inc. has raised a $25 million funding round led by Menlo Ventures after growing revenue more than fivefold over the past year. The Series B round, which was announced this morning, also included the participation of Forgepoint Capital, B Capital Group’s Ascent Fund and several returning TruEra backers. It comes less ...
No-code website development startup Webflow raises $120M at $4B valuation
Startup Webflow Inc., which provides a popular no-code website development platform of the same name, today announced that it has closed a $120 million funding round at a $4 billion valuation. Y Combinator’s Continuity fund led the Series C round. The storied startup accelerator was joined by Alphabet Inc.’s CapitalG investment arm, Accel, Silversmith and ...
Google Cloud and VMware expand partnership with focus on cloud migrations
Google LLC’s cloud business and VMware Inc. today announced that they’re expanding their partnership to help enterprises more easily move on-premises applications to the cloud. At the center of the expanded partnership is Google Cloud’s VMware Engine service. The search giant said it’s adding the service to VMware’s VMware Cloud Universal subscription offering. Google Cloud’s ...
Observability startup Coralogix launches Snowbit cybersecurity venture
Coralogix Ltd. today announced the launch of a new venture, Snowbit, that will focus on helping companies protect their public cloud environments from cyberattacks. Coralogix is a venture-backed startup that provides an observability platform of the same name. The startup’s platform helps companies detect and troubleshoot technical issues in their technology environments, as well as ...
Blockchain startup ConsenSys raises $450M in new funding at $7B+ valuation
ConsenSys Software Inc., a fast-growing blockchain startup focused primarily on the Ethereum ecosystem, today announced that it has raised $450 million in funding at a valuation exceeding $7 billion. The investment was led by ParaFi Capital with participation from Microsoft Corp., SoftBank Group Corp. and more than a half-dozen others. ConsenSys’ latest funding round reportedly ...
Intel will invest $36B+ in new EU chip fabs and research centers
Intel Corp. today announced plans to spend more than 33 billion euros, or about $36.2 billion, to build new semiconductor manufacturing facilities and research centers in the European Union. The company reportedly intends to fund the initiative mostly on its own. But in the future, some of Intel’s EU semiconductor initiatives might receive external funding ...
Report: Nielsen could be acquired for $15B by private equity group
Shares of ad analytics giant Nielsen Holdings plc jumped more than 30% today after the Wall Street Journal reported that the company is holding acquisition talks with a group of private equity firms. A deal could reportedly value Nielsen at about $15 billion, including debt. New York-based Nielsen provides market data that helps brands measure ...
Microsoft makes physics breakthrough that could enable new type of quantum chip
Microsoft Corp. today provided an update about its efforts to develop a topological quantum computer, a new type of quantum computer that could theoretically be faster and more reliable than current technologies. Microsoft revealed that its researchers have recently cleared a “significant hurdle” toward building such a machine. Current quantum computers are highly prone to ...