Maria Deutscher
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KnightSwan, a SPAC co-founded by Splunk President Teresa Carlson, goes public
KnightSwan Acquisition Corp., whose nonexecutive chair is Splunk Inc. President and Chief Growth Officer Teresa Carlson (pictured), started trading on the New York Stock Exchange today following a late Thursday initial public offering. KnightSwan is a special-purpose acquisition company, or SPAC. SPACs, which are also known as blank-check companies, are entities created specifically to take ...
IBM sells assets from Watson Health business to Francisco Partners
IBM Corp. is selling a number of software products and other assets from its Watson Health business to private equity firm Francisco Partners. The deal’s announcement today comes about a year after reports first emerged that IBM was considering selling Watson Health. Last February, the Wall Street Journal reported that executives had at one point ...
Intel will invest $20B+ in two fabs on new Ohio chip manufacturing ‘megasite’
Intel Corp. today announced plans to spend more than $20 billion on the construction of two cutting-edge chip manufacturing facilities, or fabs, in Ohio. The fabs will be located on what the company describes as a nearly 1,000-acre “megasite” in Licking County, near Columbus. Intel said the megasite can in theory accommodate no fewer than ...
Senate Judiciary Committee approves tech-focused antitrust bill
A bipartisan antitrust bill designed to make digital markets more competitive was approved by the Senate Judiciary Committee today in a 16-6 vote. The bill, the American Innovation and Choice Online Act, is now headed to a vote before the full Senate. The Judiciary Committee’s counterpart in the House has already advanced a similar legislative ...
Google reportedly is developing an augmented reality headset
Google LLC is developing an augmented reality headset that will feature a custom chip and could make its debut in 2024, The Verge reported today. The headset is reportedly known by the internal codename Project Iris. Google is said to have assigned about 300 staffers to work on the device and plans to hire hundreds ...
6sense raises $200M to optimize companies’ sales and marketing operations
Ten months after its previous funding round, startup 6Sense Insights Inc. has secured an additional $200 million investment at a $5.2 billion valuation. The startup, which makes software that helps companies improve the effectiveness of their sales and marketing efforts, announced the Series E investment today. Blue Owl and MSD Partners co-led the round. The ...
Report: Apple tells lawmakers antitrust bills could weaken cybersecurity for iOS users
Apple Inc. has reportedly sent a letter to lawmakers arguing that two antitrust bills currently being considered in the Senate could put iOS users at greater risk of cyberattacks. The iPhone maker sent the letter to the Senate Judiciary Committee, CNBC reported on Tuesday. The two antitrust bills over which Apple has expressed concerns are ...
Clari raises $225M for its AI-powered revenue operations platform
Startup Clari Inc., which helps companies such as UiPath Inc. and Databricks Inc. streamline their sales operations, has closed a $225 million investment at a $2.6 million valuation. The investment, announced today, is notable for multiple reasons. Clari’s new $2.6 billion valuation is more than four times higher than what the startup was worth only ...
People management startup Lattice closes $175M investment at $3B valuation
Lattice, a startup with a popular cloud-based people management platform, today said that it has raised $175 million in fresh funding. The Series F funding round was backed by Thrive Capital, prominent startup investor Elad Gil, Tiger Global and Dragoneer. More than a half-dozen returning backers contributed as well along with a number of angel ...
FTC and Justice Department ask public for input on modernizing merger guidelines
The U.S. Federal Trade Commission and the Department of Justice today launched a joint public inquiry that could lead to the overhaul of the regulatory guidelines governing company mergers. An update to merger guidelines would have the potential to affect acquisitions in the tech sector. Several of the tech industry’s leading players are already facing ...